Understanding QDROs and the United Bankshares, Inc.. Savings and Stock Investment Plan
Dividing retirement assets during divorce can be complex, especially when the employee participates in a 401(k) plan like the United Bankshares, Inc.. Savings and Stock Investment Plan. If you’re working through a divorce settlement that includes this plan, it’s critical to understand how Qualified Domestic Relations Orders (QDROs) work and what problems to avoid. At PeacockQDROs, we’ve helped thousands of clients divide retirement plans accurately and efficiently—and we do more than just draft documents. We also get your QDRO approved, filed, and processed start to finish.
Plan-Specific Details for the United Bankshares, Inc.. Savings and Stock Investment Plan
Before preparing your QDRO, it’s important to understand the specifics of the plan you’re dealing with:
- Plan Name: United Bankshares, Inc.. Savings and Stock Investment Plan
- Sponsor: United bankshares, Inc.. savings and stock investment plan
- Address: 514 MARKET STREET
- Plan Type: 401(k)
- Industry: General Business
- Organization Structure: Corporation
- EIN: Unknown (must be obtained for QDRO submission)
- Plan Number: Unknown (required for proper identification)
- Effective Date: 1989-12-29
- Status: Active
Because both the Employer Identification Number (EIN) and Plan Number are not publicly listed, parties must request them from the plan administrator when submitting a QDRO. These are essential for ensuring timely review and processing.
How QDROs Work for 401(k) Plans Like This One
The United Bankshares, Inc.. Savings and Stock Investment Plan is a traditional 401(k) retirement account, which typically includes:
- Employee contributions from the participant’s paycheck
- Employer matching contributions, possibly subject to vesting
- Loans against the account balance (if the plan allows)
- Roth and traditional subaccounts requiring different tax treatment
This means dividing the account is more than just assigning a percentage. You’ll need to account for loan balances, vesting schedules, and whether funds are pre-tax or after-tax. All of this is critical for the QDRO to be enforceable and for you to get what you’re entitled to—or avoid paying what you don’t owe.
Key Issues to Address in Your QDRO
Employee and Employer Contributions
In most 401(k) plans, employee contributions are immediately 100% vested. But employer contributions may be subject to a vesting schedule. This means only a portion may be available to divide at the time of divorce. The QDRO should clearly specify whether the alternate payee (the non-employee spouse) is entitled to:
- Just the vested account balance as of the date of divorce
- Future vesting of unvested employer contributions
- Only the marital portion of the vested balance
Failing to address these scenarios can result in errors that delay or reduce the alternate payee’s share.
Loan Balances Owed by the Participant
If the employee has borrowed against their 401(k), that impacts the divisible amount. QDROs must decide whether:
- The loan should be excluded from the divisible balance (meaning it’s repaid only by the employee)
- The loan is a shared liability and divided accordingly
Most QDROs exclude loan balances when dividing assets unless the parties specifically agree otherwise. We strongly recommend clarifying loan handling in the divorce agreement and QDRO itself to avoid unnecessary disputes or denial by the plan administrator.
Roth vs. Traditional Subaccounts
The United Bankshares, Inc.. Savings and Stock Investment Plan may include both pre-tax (traditional) contributions and post-tax (Roth) contributions. When dividing these accounts, the QDRO should specify whether the alternate payee is receiving:
- A proportionate share of each account type (most common)
- Only traditional or only Roth funds
You can’t simply request “$50,000” from a plan that contains multiple account types without indicating how much should come from each source. Why does this matter? Because taxes and withdrawal rules differ between Roth and traditional 401(k) accounts. Proper QDRO drafting avoids confusion and tax consequences later.
Common Mistakes to Avoid
We often see judges and attorneys rely on boilerplate QDRO language that’s not tailored to the specifics of the United Bankshares, Inc.. Savings and Stock Investment Plan. That’s a costly mistake. You can’t take a QDRO that worked for one case and plug it into another plan.
Here are some of the most frequent errors:
- Forgetting to address outstanding loan balances
- Failing to clarify the split of Roth vs. traditional balances
- Using “as of today” without locking in a specific valuation date
- Omitting language required by the plan’s administrator
Want to know more? Check out our list of common QDRO mistakes.
How PeacockQDROs Works with This Plan
At PeacockQDROs, we’ve handled thousands of QDROs from start to finish, including many for 401(k) plans sponsored by corporate entities like United bankshares, Inc.. savings and stock investment plan. That means we don’t just write up a QDRO and leave it to you to figure out. Instead, we:
- Contact the plan to confirm their QDRO requirements
- Draft the QDRO language specifically for the United Bankshares, Inc.. Savings and Stock Investment Plan
- Submit the QDRO for preapproval (if the plan allows it)
- File it with the court once approved
- Send the signed order to the plan and ensure it’s processed
We handle the paperwork, follow-up, and communication with the plan so nothing gets lost or delayed. We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way.
Learn how the full process works in our article on the 5 factors that determine how long a QDRO takes.
Working with Retirement Plans Sponsored by Corporations
Since the United Bankshares, Inc.. Savings and Stock Investment Plan is offered by a corporation in the General Business sector, their plan administrator will have corporate-specific rules for submitting documents. Many of these plans are serviced by third-party providers like Fidelity, John Hancock, or Empower—each with their own QDRO packet and procedures.
Sometimes, the plan will not allow preapproval or will reject a QDRO for minor formatting issues. Using a firm like PeacockQDROs helps you avoid confusing delays and plan rejections that could set your case back for months.
Frequently Asked Questions
Can I receive a portion of the 401(k) before it vests?
Only the vested portion is usually available to divide at the time of the QDRO. However, the QDRO can include language granting the alternate payee a share of any future vesting, if agreeable and allowed by the plan.
What happens if the participant has a loan?
The QDRO can include or exclude the loan balance. Most commonly, the loan is excluded from division, meaning it reduces the total balance available for sharing.
Do I need to specify taxes in the QDRO?
No, the plan handles taxation, but you do need to separate Roth vs. traditional accounts properly. This helps the plan avoid tax misreporting when funds are withdrawn later.
Let Us Handle the QDRO from Start to Finish
Whether you’re the participant or the alternate payee, dividing a 401(k) plan like the United Bankshares, Inc.. Savings and Stock Investment Plan requires precision and experience. At PeacockQDROs, we’ve successfully processed thousands of orders across the country—on time, on budget, and without surprises.
Explore our QDRO services and resources, or contact us today if you’re ready to get started.
State-Specific Call to Action
If your divorce was in California, New York, New Jersey, Connecticut, Kansas, Missouri, Iowa, or North Dakota, and you have questions about qualified domestic relations orders or dividing retirement assets like the United Bankshares, Inc.. Savings and Stock Investment Plan, contact PeacockQDROs. We specialize in QDROs and have successfully processed thousands of orders from start to finish.
Get the answers you need—explore our QDRO resources or reach out for personalized help if you’re in one of our service states.