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Can I have the plan write a check directly to me for the amount that I have been awarded?
Usually, not immediately. There are three options available when drafting a QDRO against a defined contribution plan. One option is to have the Plan Administrator establish a separate account within the Plan in the name of the Alternate Payee. The amounts awarded are deposited into this account and the Alternate Payee is given the same options as the participant has as a member of the plan with regard to investment choices, designation of beneficiary(ies), etc. |
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