Telephone: (303) 804-9898 Home Site Map Contact Location & Directions Newsletter Blog About Us Download Forms Ask Question
gif Colorado Divorce QDRO by Attorney
Colorado QDRO by an Attorney  
Tax-Free Division of Retirement Plans Video
401(k); 457; 403; Defined Benefit Pensions  
gif      
 
GIF

Plan Administrative Fees to Process a QDRO

 
GIF

Summary:  Although our fees remain in the $275 to $350 range, a recent change in federal law now allows a retirement plan administrator to charge a reasonable fee to review a QDRO to see if it is a valid court order for plan division purposes. Fees of $300 to $1,300 are now charged by some plans.Some plans have hourly charges of $250/hour.

GIF

What is the Cost for a Retirement Plan Administrator to Process a QDRO?

A recent change to federal law now allows a retirement plan administrator to charge a "reasonable" free to review and determine whether a QDRO can be processed as a valid court order.

Although some retirement plans still do not charge anything, some are now charging $300 to $1,300 per QDRO to review them. If the QDRO has to be revised, additional charges can apply.

So, a QDRO should probably include an allocation (such as 50-50) of the cost of any such review fee.

And the initial draft should be done carefully to avoid any additional fees for the need to review a revision.

Our fees in 2014 are still $275 (401(k), 403(b), PERA) to $350 (pension monthly payments) for drafting the plans and getting preliminary approval, even though some of the plan "review" fees charged by the plan administrators greatly exceed our fees for doing the work.

   
     
GIF The material on this web site is for informational purposes only. This law firm practices only in Colorado. An attorney-client relationship is established only when an agreement as to the scope of representation and fees has been signed and a retainer paid. Colorado law may consider these web site materials to be attorney advertising. GIF
 
     
gif
   
  gif gif