| 1 |
Does
the order contain the proper case style, date of marriage, dates
of birth, social security numbers, jurisdiction statement, IRC
and ERISA sections and language which establishes a QDRO? |
| 2 |
Does
the awarded percentage apply to the total benefits (vested and
non-vested)? |
| 3 |
Does
the award credit both funded and unfunded benefits (including
contributions made later - usually by tax return deadline, but
creditable earlier)? |
| 4 |
Does the awarded percentage apply to the account balance with
participant loans added back into asset values / with participant
loans excluded from assets? |
| 5 |
Does
the award include earnings (gains and losses)? |
| 6 |
Is
a segregated account requested? |
| 7 |
Are
investment direction rights requested? |
| 8 |
Is
there a provision to adjust the award to the vested benefit
only if the alternate payee takes benefits before the participant
is fully vested? |
| 9 |
Are instructions included regarding liquidating or transferring
assets ‘in-kind?’ |
| 10 |
Are
there instructions regarding the allocation of assets (example:
pro-rata portions of each investment account)? |
| 11 |
Are benefits credited under a predecessor and/or successor plan
covered by the order? |
| 12 |
Are
provisions included permitting distribution (or transfer of
benefits) to the alternate payee as of the earliest date? |
| 13 |
Have the provisions specified that the alternate payee shall
retain the right to elect the form of benefit distribution? |
| 14 |
If
the alternate payee dies, do benefits become payable to the
alternate payee’s beneficiary or estate? |
| 15 |
If
the participant dies, do benefits become payable to the alternate
payee as the properly designated beneficiary? |
| 16 |
Has
the alternate payee been designated to retain the title of “current
spouse” to prevent unauthorized participant loans before
the award is distributed or transferred? |
| 17 |
Are provisions included for transferring ‘tax basis’
and ‘deductibility’ to the alternate payee for the
appropriate share of “after-tax” contributions? |
| 18 |
Were
constructive receipt provisions and other liability transfer
clauses removed? |
