- "Wife shall receive the sum of $19,000 as equitable distribution to be transferred to her IRA or 401k."
- "That if necessary, the husband shall obtain a QDRO to complete said transfer and bear any costs involved."
I plan/hope to be able to do the QDRO myself through my employer's HR dept. We are a pretty big company and have a template that I fill out and if they approve it, they say that typically the 401k plan administrator (Merrill Lynch) will approve it too. Since this is a simple lump sum payment, I figure I can get it done without having to pay someone to draft the QDRO.
1st question: Is doing it myself a dumb move?
Now, there is no mention whatsoever of an "as of" date in the MSA. But the template I have to fill out requires a date. So what date would be most financially advantageous for me to use? The date she filed for divorce (which was late Aug 2011 and then my 401k balance was $69K) or the date of the divorce which will be early June of this year (and recently my balance has been hovering around $89k (about $20k more). Since the divorce filing August date, I have continued to contribute a good bit to the 401k, my employer has contributed their match for the year, and the market has also improved... Hence the 30% increase in the balance
So 2nd Question: How do I calculate which date would be better for me to use?
(And btw for those who care, my wife got every single thing she asked for at mediation so I'm not trying to screw her over, just keep what I'm able to legally...)