Introduction: Dividing the On 24, Inc. 401(k) Plan in Divorce
Dividing retirement assets in a divorce can be stressful—but it doesn’t have to be confusing. If you or your spouse has an account in the On 24, Inc. 401(k) Plan, you’ll need to understand how these funds can be divided legally using a qualified domestic relations order (QDRO). A properly drafted QDRO allows a former spouse to receive their share of the retirement funds without triggering taxes or penalties for either party. In this article, we walk you through the process of dividing the On 24, Inc. 401(k) Plan in divorce and provide essential guidance to protect your financial interests.
What Is a QDRO?
A Qualified Domestic Relations Order (QDRO) is a court order that instructs a 401(k) plan administrator to pay a portion of the account to someone other than the plan participant—typically a former spouse. Without a QDRO, the plan administrator cannot legally divide the account, even if your divorce settlement specifies a division.
QDROs are essential for 401(k) division because they prevent taxes and penalties that would otherwise apply to early withdrawals. The alternate payee (usually the ex-spouse) can receive their share directly or roll it over into another retirement account, depending on their tax and retirement planning goals.
Plan-Specific Details for the On 24, Inc. 401(k) Plan
Here’s what we know about this particular retirement plan:
- Plan Name: On 24, Inc. 401(k) Plan
- Sponsor: On 24, Inc. 401(k) plan
- Address: 50 BEALE STREET, 8TH FLOOR
- Date Details: 20250818161509NAL0000738179001, 2024-01-01, 2024-12-31, 1999-01-01
- Industry: General Business
- Organization Type: Corporation
- Status: Active
The employer runs a 401(k) plan—a common retirement vehicle in corporations and especially in General Business industries like this one. While we don’t currently have the plan’s EIN or plan number (which will be required to process the QDRO), this information can be obtained from the plan administrator or your divorce attorney.
Common Issues in Dividing a 401(k) Like the On 24, Inc. 401(k) Plan
Every 401(k) plan has unique features, but most run into the same legal and administrative issues when dividing them in a divorce. Here are some items you’ll need to consider specifically for the On 24, Inc. 401(k) Plan:
Employee and Employer Contributions
401(k) plans include pretax contributions made by the employee and (sometimes) matching or discretionary contributions by the employer. While the employee’s contributions are always 100% theirs, the employer’s contributions may be subject to a vesting schedule.
If a portion of the employer contributions has not yet vested, that part cannot be divided. The QDRO should clearly state that the alternate payee will only share in the vested portion of the account, as of the agreed-upon date (usually the date of separation or divorce).
Vesting and Forfeiture Considerations
If the employee hasn’t worked long enough at On 24, Inc. to fully vest in the employer match, part of the balance will be forfeited if they leave the company. A carefully written QDRO must take this into account to ensure the former spouse isn’t awarded funds that may never be available.
Loan Balances and Repayments
If there is an outstanding loan from the On 24, Inc. 401(k) Plan, it’s vital to identify who is responsible for repaying it. Generally, retirement plan loans reduce the account balance available to be split. A QDRO must clarify how the loan is treated—whether the alternate payee shares proportionally in the reduced balance or receives a share unaffected by the loan.
Traditional vs. Roth Contributions
Many 401(k) plans now include Roth accounts. Roth contributions are made after-tax and have different tax implications for withdrawals. Your QDRO should specify whether the alternate payee is receiving funds from the traditional 401(k), the Roth 401(k), or both, as this can affect how distributions are taxed.
Mixing Roth and traditional funds in a QDRO order without proper allocation is one of the most common mistakes in dividing a complex 401(k). At PeacockQDROs, we make sure these distinctions are clearly outlined in your order.
QDRO Requirements for the On 24, Inc. 401(k) Plan
To divide the On 24, Inc. 401(k) Plan, your QDRO must meet the legal requirements of ERISA (the federal law governing retirement plans) and the specific administrative requirements of the plan sponsor, On 24, Inc. 401(k) plan.
Information You’ll Need
Before drafting your QDRO, gather the following:
- The name and address of both the participant and the alternate payee
- The plan name: On 24, Inc. 401(k) Plan
- The plan number and EIN (available from the plan administrator or your HR department)
- Specific percentage or dollar amount to be allocated
- The key valuation date (date of separation, petition, or divorce, depending on the jurisdiction)
- Instructions regarding loans, investment gains/losses, and if necessary, Roth vs. traditional allocations
Approval Process
After the QDRO is drafted, it must be submitted to the court for the judge’s signature. Then it’s sent to the plan administrator for review and approval. If anything is missing or doesn’t meet the plan’s formatting rules, the QDRO will be rejected and must be revised.
At PeacockQDROs, we draft, review, and file your QDRO, taking it all the way through to approval. We make sure nothing falls through the cracks.
Why Work With Professionals Like PeacockQDROs?
QDROs are technical legal documents. Minor mistakes—like not accounting for a loan or confusing Roth with traditional contributions—can cost thousands or delay your retirement access for months.
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. Learn about the most common QDRO mistakes so yours doesn’t suffer the same fate, or check out how long it typically takes to complete a QDRO.
Final Thoughts
Dividing the On 24, Inc. 401(k) Plan isn’t just about splitting numbers on paper—it’s about protecting your financial future. A proper QDRO ensures tax compliance, respects plan rules, and fairly applies the divorce terms both parties agreed on. Whether you’re the participant or the alternate payee, accurate drafting and proper procedural handling are essential.
PeacockQDROs is here to help. We make the QDRO process clear, efficient, and stress-free—even for complex plans like the On 24, Inc. 401(k) Plan.
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 On 24, Inc. 401(k) 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.