QdroDesk Have your QDRO instantly prepared online today.                  
Plan Search:
Start- Create Account Existing Account Login Customer Support
 
 

Home How it Works Why it Works Benefits & Features Pricing Types of QDROs Sample QDRO Agreement Language Plan Lookup (100,000+) Free Pension eBook Letter from President About Us Your Feedback

Find Your Plan

Search by: 
Keyword search:


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z


VERY IMPORTANT! The information on this page is for people going through a divorce or attorneys helping their clients. Do not call QdroDesk for retirement account information unless it is in regards to a divorce. QdroDesk is a private company that only helps with the divorce process. It is not related or connected to the retirement account listed on this page. This page is provided for informational purposes only.


Plan Overview

MTM TECHNOLOGIES INC 401K SAVINGS PLAN

Defined Contribution Plan
MTM TECHNOLOGIES INC 401K SAVINGS PLAN is a Defined Contribution Plan which has an account specified for the individual employee where a defined amount is being contributed to the plan by the individual, the employer or both. Examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit Sharing Plans.

An Alternate Payee can be awarded a portion of the Employee's account pursuant to a QDRO. The Plan will establish a separate account for the Alternate Payee, and offer the Alternate Payee the same investment opportunities that are available for other participants. If the Alternate Payee chooses, it is usually possible to transfer the funds awarded to an IRA or other tax qualified account of his/her choice. By using a QDRO to award funds from this type of plan, early withdrawal penalties are avoided, and the Alternate Payee will be held responsible for the taxes on any distribution he/she receives from the Plan.

Under most plans, it is possible to award the Alternate Payee a portion of the Employee's account balance as of a specific date (i.e. 50% of the account balance as of July 7, 2000), plus any investment gains or losses attributable thereon from that date until the date the Alternate Payee receives a distribution from the Plan.

Since this type of plan affords for an Alternate Payee to receive an immediate lump sum distribution, the terms of the QDRO are much simpler than the provisions contained in QDROs for other types of plans.

Plan & Company Information:
CompanyMTM TECHNOLOGIES INC
111 Barclay Blvd
Ste 300
Lincolnshire, IL 60069-3623
847-876-5987
Plan NameMTM TECHNOLOGIES INC 401K SAVINGS PLAN
Plan Type Plan Type
Defined Contribution Plan
(Expanded Definition and Explanation)
Plan Administrator MTM TECHNOLOGIES INC
111 Barclay Blvd
Ste 300
Lincolnshire, IL 60069-3623
847-876-5987
   
  QdroDesk
Start Here Create an Account and Draft a QDRO for This Plan.
Total cost is only $299.00

Existing Customer? Log in Here.

 
   
ATTENTION: This plan search database does NOT represent the only plans for which we draft QDROs. This database if for informational and research purposes. We have a 100% guarantee of plan approval for all QDROs prepared through QdroDesk™.
BBB Accredited Business
Be QDRO Smart. Be QDRO Savvy. Be QDRO Safe. ℠
BBB Online Reliability

Contact Us | Terms & Refund Policy | Privacy | Security | Partnerships | Divorce Info | Testimonials