Our Experience - Terry D. Hardin has 16 years experience in pension/401(k)/ESOP plan design and administration as Corporate Benefits Manager for a large Midwest headquartered multi-state diversified manufacturing corporation, serving both union and non-union employees and retirees. He and his staff calculated pension benefits, initiated benefit payments, provided survivor benefits, conducted training in pension plan and 401(k) plan provisions, administered the employer's 401(k) plan and provided retirement services to over 4,800 retired employees and spouses eligible for pension benefits, and to approximately 2,500 active employees who participated in over 30 union and non-union pension plans. Following adoption of the Retirement Equity Act of 1984, Mr. Hardin developed his employer's QDRO procedures and provided plan administrator responses and approvals for proposed QDRO's submitted to the employer. In addition, throughout his 16-year career in pension administration he assisted an international actuarial firm in annual valuations of future pension liability. Terry D. Hardin is a Professional Member of the Society for Human Resource Management, Gary/Merrillville Indiana Chapter #0270, member of Greater Portage Chamber of Commerce, Portage, Indiana, and member of the Better Business Bureau of NW Indiana.
Human Resource Solutions, Inc. is retained by more than 30 law firms to draft QDRO's involving both ERISA and non-ERISA plans.
References:
John M. Rhame, III, Attorney at Law (219)762-0494
Greater Portage Chamber of Commerce (219)762-3300 to verify Membership
Better Business Bureau of NW Indiana (219)980-1511 to verify Membership and Business Reliability record.
Here's What We Do… Human Resource Solutions, Inc. will arrange for your QDRO to be prepared immediately upon receipt of the required information from you and payment of the fee.
- Obtain the necessary information from you and the plan administrator to complete the proposed QDRO.
- Prepare the proposed QDRO.
- Submit the proposed QDRO to the plan administrator for approval.
- Negotiate with the plan administrator over language in the order, and make any appropriate modifications.
- Provide proposed QDRO to client or client's representative to arrange for court approval.
- Arrange for court-approved QDRO to be forwarded to plan administrator for implementation.
- The time it takes a plan administrator to approve the order and make any modifications varies; however, the average completion time for the whole process is about three months. The timing of payment of benefits to the alternate payee depends on the terms of the plan.
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