It's an unfortunate fact that divorce impacts a company's workforce on many fronts. A streamlined process increases compliance, minimizes legal risks, and reduces your administrative burden.
In addition to the employee's financial and emotional upheaval, divorce is also complicated and time-consuming for HR staff charged with reviewing a Qualified Domestic Relations Order (QDRO) to assign all or part of a participant's retirement benefit to an alternate payee.
Hewitt's QDRO Administration services offer a standardized, streamlined process that enables companies to reduce the administrative burden on the HR staff. Our expert QDRO team reviews court orders quickly, objectively, and accurately in accordance with client-specific requirements. Advantages of QDRO Administration include:
- Reduced HR involvement in employees' divorce issues, freeing up valuable time for strategic initiatives
- Availability of preapproved court orders, enabling participants to minimize their attorneys' fees
- Improved possibility of first-time qualification as a result of our user-friendly Web-based tool—QOCenter.com—where model orders can be completed online
- Availability of online order tracking, allowing participants, alternate payees, and attorneys to check the progress of their order's qualification at any time
- Easy-to-understand written communications provided to the parties at regular stages of the process
Hewitt's QDRO team serves hundreds of companies and reviews thousands of QDROs each year. Team members are dedicated, full-time experts that include paralegals with deep expertise in QDRO Administration.
To learn more about Hewitt's QDRO Administration services and how your company can benefit, contact your local Hewitt consultant or e-mail peoplesolutions@hewitt.com.
Case Study
Packaging Corporation of America Gains Operational Excellence for Qualified Domestic Relations Orders
By outsourcing administration of QDROs to Hewitt, PCA gives employees efficient, one-stop shopping, while freeing up HR for strategic initiatives.
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