Our Firm’s Flat-Fee Price List
Qualified And Nonqualified Plans – $700 (as of August 1st, 2020)
Qualified Orders
Qualified Retirement Plans are defined by Internal Revenue Code Section (IRC) 401(a). Pursuant to (IRC) 401(a), there are 37 requirements for a plan to be considered a “qualified” plan. Some of the more well-known types of qualified retirement plans that you will come across in your practice are defined contribution plans such as 401(k) and 403(b) accounts, cash-balance plans (which are hybrids between a defined contribution and a pension plan) and conventional pension plans.
- 401(k), 403(b), 457(b)
- Profit-sharing plans
- Money purchase plans
- TIAA/CREF
- Cash balance plans
- Defined benefit plans (pensions)
- Employee stock ownership plans
Nonqualified Orders – Hourly Rate
If you see the following names in a plan you are probably dealing with a nonqualified plan:
- Supplemental, SERP, Nonqualified, Excess Benefit Plans
- Current Hourly Rate Is $350 An Hour
Federal Domestic Orders – $700 (as of August 1st, 2020)
- Federal pension plans under the civil service retirement system (CSRS) and federal employee retirement system (FERS)
- Thrift savings plans (TSP)
Military Orders – $1,000
These types of retirement plans are not subject to ERISA, so assignment of benefits is dictated by federal regulations. In fact, effective at the end of 2016, Congress greatly altered what the military pay center (the Defense Finance and Accounting Service, or “DFAS”) will consider “disposable retired pay” for division of military retired pay between spouses.
- Military retired pay
Railroad Pensions – $1,000
IRAs – Hourly Rate
- Current Hourly Rate Is $350 An Hour
State Plans/QILDROs (State Public Pensions) – $750
State plans are controlled by the state legislature, here in Illinois 40/ILCS of the Illinois Pension Code.
- State, municipal and local pension plans
*Not all plans are listed, this is just a sampling. Contact me if there’s something not listed that you need pricing on.
