Participants (and/or their spouses /ex-spouses) who are separating or divorcing are encouraged to select a legal or financial advisor to assist in the preparation of a domestic relations order. The parties or their representative may wish to obtain specific information about the Participant's plan benefit as well as general information about the plan. General plan information can be found in the Plan's Summary Plan Description (SPD), the Plan Document and the Plan's QDRO Approval Guidelines and Procedures. The SPD and plan document can be obtained from the plan administrator. The QDRO Approval Guidelines and Procedures can be viewed by logging in to the QDRO Center.
After reviewing this information, you and/or your representative may prepare a domestic relations order. You may wish to do so using Fidelity's QDRO Center. The QDRO Center was created both to assist individuals in the preparation of domestic relations orders, and to speed up the qualification process. Orders created via Fidelity's QDRO Center will not always meet the requirements of every particular situation.
When preparing an order using Fidelity's QDRO Center, you will spend approximately 10 minutes answering a series of generic and plan-specific questions. After reviewing your answers, you will be able to print a draft domestic relations order ready for review and filing with the court. Once a certified copy of this filed and court executed document is received by Fidelity, Fidelity will initiate the review process. 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.
Alternatively, you or your representative may draft your own customized domestic relations order. If the order conforms to the requirements of ERISA, the Internal Revenue Code and the Plan's QDRO rules and procedures, the review of the document is typically completed within 60 business days. If the order does not conform to these requirements, the parties or their representative may continue to draft and submit amended orders until a qualified order is provided.