An article posted at plansponsor.com announces that the Department of Labor's Employee Benefits Security Administration has issued a final rule clarifying certain issues related to the timing and order of domestic relations orders (DROs).  "In the case of a DRO that is issued after or revises another DRO or QDRO, the DRO fails to be a QDRO if it assigns benefits already assigned to another alternate payee under another QDRO," according to the final rule issued by the Department of Labor's Employee Benefit Security Administration (EBSA).

 

The rule provides guidance to plan administrators, service providers, participants, and alternate payees on the QDRO requirements under ERISA, and is effective on August 9, 2010.

 

See the full article for more details.

 

Please contact us with questions on QDROs or other matters related to administering a tax qualified defined contribution plan.