Domestic Relations Order

A Domestic Relations Order (DRO) is a legal document issued by a court that outlines how retirement benefits will be divided between spouses or former partners during a divorce or separation. It provides instructions for the plan administrator to distribute benefits according to the agreement reached in the divorce settlement. A DRO ensures that one party can receive their entitled share of the other party's retirement assets, like pensions or 401(k)s, safeguarding their financial interests in the division of marital property.