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Many defined contribution plans deduct QDRO administration fees from the participant's account. In our experience the typical range of fees is $300-$600 per order.
Because the content of the QDRO Center has been customized to address each specific plan's QDRO requirements, orders prepared via the QDRO Center are able to be reviewed quickly (typically within 3 to 5 business days), and are typically processed faster than traditionally prepared documents.
One huge benefit of a QDRO is that it allows for early withdrawals from a 401(k) or other qualified retirement plans without incurring a penalty. As a result, if the plan allows it, an alternate payee can receive a lump sum or payments before they reach age 59.5 without a 10% IRS penalty.
The Fidelity QDRO Center may be accessed by going to https://qdro.fidelity.com (then registering as a user and. not result in an automatic electronic submission of a QDRO to Fidelity. ... Center website must be printed out and executed by a court of competent jurisdiction prior to submission to. Fidelity for review.
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