Understanding How QDROs Work for the Jensen Builders Ltd. Employees’ Savings Trust
Dividing retirement assets like the Jensen Builders Ltd. Employees’ Savings Trust during a divorce requires a special court order known as a QDRO—a Qualified Domestic Relations Order. If your spouse participated in this 401(k) plan sponsored by an unknown sponsor, you’ll need a properly drafted QDRO to receive your share of the benefits. This article breaks down the plan-specific details and everything divorcing couples need to know about QDROs for this plan.
Plan-Specific Details for the Jensen Builders Ltd. Employees’ Savings Trust
Before dividing this account, it’s essential to gather what we know about the plan. While several details are unavailable, here’s what’s currently known:
- Plan Name: Jensen Builders Ltd. Employees’ Savings Trust
- Sponsor: Unknown sponsor
- Address: 20250722140741NAL0003665280001, 2024-01-01
- EIN: Unknown
- Plan Number: Unknown
- Industry: General Business
- Organization Type: Business Entity
- Status: Active
- Plan Type: 401(k)
While documentation gaps exist (not uncommon with plans from smaller or regional employers), a properly submitted QDRO must still reference an accurate plan name—so using “Jensen Builders Ltd. Employees’ Savings Trust” is key.
What Makes 401(k) Plans Like This Unique in Divorce
Unlike pensions that pay lifetime monthly benefits, 401(k) plans like the Jensen Builders Ltd. Employees’ Savings Trust hold actual account balances with potentially multiple sub-accounts. These features impact how a QDRO should be written.
Employee vs. Employer Contributions
Every 401(k) plan is built from two funding sources: the employee’s contributions and the employer’s.
- Employee Contributions: These are usually 100% vested right away and subject to division based on marital property rules.
- Employer Contributions: These often require a vesting period. A QDRO can only divide the portion the employee was vested in as of the divorce date or another agreed-upon date.
Vesting Schedules and Forfeitures
In many business entity plans like this one tied to the general business sector, employers use graded vesting schedules. That could mean the employee earns 20% of the match each year over five years. Any unvested portion as of the division date isn’t payable to either party in the QDRO and may revert back to the company.
Loan Balances and Repayment
If the Jensen Builders Ltd. Employees’ Savings Trust participant has taken a loan from the account, it complicates division.
- Active Loans Reduce the Account Balance: The loan isn’t considered a distributable asset—it’s a reduction in funds.
- Repayment Responsibility: A QDRO should clarify whether the participant or alternate payee (ex-spouse) will be responsible or whether the loan balance will be factored into dividing the net value.
Ignoring this could lead to overpaying the alternate payee or triggering plan rejection.
Roth vs. Traditional 401(k) Accounts
Modern 401(k) plans often include both traditional (pretax) and Roth (post-tax) sub-accounts. A QDRO must state whether the funds to be divided include just one or both types:
- Traditional Accounts: Distributions will be taxed when taken out by the alternate payee (unless rolled to a traditional IRA).
- Roth Accounts: May be tax-free if requirements are met, but transfers must go into a Roth-qualified account to maintain tax advantages.
A good QDRO will make these distinctions clear to avoid IRS penalties or disqualified rollovers.
What a Proper QDRO for This Plan Should Include
For the Jensen Builders Ltd. Employees’ Savings Trust, a well-drafted QDRO needs to support the plan’s administrative and asset allocation structure, despite any unknowns like EIN or plan number. We recommend using the exact plan name and as much detail as is available to avoid rejection.
Critical Clauses to Include:
- Exact percentage or dollar amount to be awarded to the alternate payee
- Clear division by source: Roth vs. traditional, and employee vs. employer contributions
- Treatment of loans: Specify if net or gross values are being divided
- Date of division: Whether based on the date of separation, divorce filing, or decree
- Survivor benefits, if applicable—especially if the participant dies before transfer is complete
Drafting without this detail—or DIY QDRO attempts—often results in delays, rejections, or unfair outcomes.
PeacockQDROs Can Handle This Entire Process, Not Just the Paperwork
At PeacockQDROs, we’ve completed thousands of QDROs from start to finish. That means we don’t just draft the order and leave you to figure out the rest. We handle the drafting, preapproval (if applicable), court filing, submission, and follow-up with the plan administrator. That’s what sets us apart from firms that only prepare the document and hand it off to you.
We maintain near-perfect reviews and pride ourselves on a track record of doing things the right way. We’ve worked with retirement plans like the Jensen Builders Ltd. Employees’ Savings Trust, even when key plan information is limited. Knowing how to maneuver around missing EINs or unclear plan numbers is part of why people choose our service.
Want to avoid mistakes others make? Check our list of common QDRO pitfalls. Wondering how long a QDRO might take? Look at the 5 key timing factors.
Frequently Asked QDRO Questions for This Plan
What if we don’t know the vesting schedule?
The administrator can provide a statement that outlines current vesting percentages. In your QDRO, it’s safest to award a percentage of the “vested balance as of the date of division” unless agreed otherwise in mediation or trial.
Can we divide the account by total dollar amount?
Yes, but it must be secured by accurate records. For fluctuating investments like 401(k)s, using a percentage is often cleaner—especially when time passes between divorce and QDRO entry.
How do Roth and pre-tax 401(k) dollars get separated during transfer?
The QDRO must specify whether funds are split proportionally between Roth and traditional contributions or whether it applies to one source only. Transfers must go into the correct account type on the alternate payee’s side to preserve tax treatment.
Final Tips to Ensure a Smooth Division of the Jensen Builders Ltd. Employees’ Savings Trust
- Use the exact plan name (“Jensen Builders Ltd. Employees’ Savings Trust”) in your QDRO
- Ask the administrator for a summary plan description before drafting
- If available, request preapproval review to catch formatting issues early
- Be clear about Roth vs. traditional sources in your QDRO—don’t assume the plan administrator will figure it out for you
- Double-check if loans exist and if the balance is included or excluded from division
Still Have Questions? We’re Here to Help
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 Jensen Builders Ltd. Employees’ Savings Trust, 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.