Banks responsibility for QDRO

08-30-2004, 03:30 PM

redskirt

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Banks responsibility for QDRO

What is the name of your state?I was divorced in California.

As part of the settlement a QDRO was drawn up, and presented to the financial institution holding our 401K.

The problem is that after a year and a half of trying to get this QDRO executed the bank never informed me that the money had been split. It was only through the grape-vine that I found out, and then it took me 6 weeks to roll the money over. When I finally got the check I found that the account had devaluated by amost $8,000.00. Is the bank liable for any of this? I surely would have rolled the money over sooner if I'd know, or been able to access it.

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