Third tutorial video in series on to divide retirement assets during a divorce using a QDRO (Qualified Domestic Relations Order). This video discusses what happens after you have filed your QDRO with the court and it has been approved by the retirement plan administrator, as well as a variety of other issues related to the division of retirement assets. If you have a defined contribution asset such as a 401(k) account, the administrator will send documents to the non-employee spouse asking that spouse how they want their share of the account handled. The spouse will be given at least a couple of options. One option may be to have their share remain in a separate account with the administrator. Another option may be to have their share paid out to another retirement account custodian, such as the custodian of an IRA. Your spouse can open an IRA account with a bank and have their share of your 401(k) rolled into the IRA account. This is what most people do. A th
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