Forms & Publications

SJCERA GLOSSARY

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Term Definition
Qualified Domestic Relations Order (qdro) A domestic relations order is a judgment, decree or order (including approval of property settlement agreement) that (1) relates to the provision of child support, alimony payments or marital property rights to a spouse, former spouse, child or other dependent of participants and (2) is made pursuant to a state domestic relations law (including community property law). A domestic relations order is a qualified domestic relations order if it creates or recognizes the existence of an alternate payee’s right, or assigns to an alternate payee the right, to receive all or a portion of the benefits payable to a participant under a plan; specifies required information and does not alter the amount or form of plan benefits. An alternate payee is a spouse, former spouse, child or other dependent of a participant who is recognized by the domestic relations order as having a right to receive all, or a portion of, the benefits under a plan with respect to the participant.
Qualified Employer Plan A qualified employer plan is a pension plan that has satisfied the Section 401 requirements of the Internal Revenue Code. All such pension plans are "qualified" to receive special tax treatment. Government plans may qualify under Section 401(a) without satisfying some of the requirements that must be met by other plans.
Qualified Plan (pension or profit sharing) A plan that meets certain statutory requirements. Such plans receive tax advantages for the employer and employees. To qualify, a plan must not discriminate in favor of officers, shareholders, supervisory personnel, or highly compensated employees. It may be either a defined-benefit or a defined-contribution plan.