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Pension and Retirement Benefits Valuations |
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Services |
Fees |
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Complete
Defined Benefit Valuation
This includes full independent discovery and a
report.
Click
here to view sample report |
$500.00 (minimum) |
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Additional
Valuation
(same person, same plan, different date) |
$200.00 |
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Additional
Plans
Many employees enjoy multiple retirement benefits,
i.e. New York City Police and Fire members may
also be eligible for benefits under the Variable
Supplement Fund, the New York City Deferred Compensation
Plan, and Union Annuity Funds. Electrical workers
may be eligible for local and national benefits
and annuities. Federal workers are participants
in the Federal Employees’ Retirement System, as
well as, the Thrift Savings Plan.
Click
here to view a more comprehensive list and fees.
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See listing for fees |
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Marital
Value of Defined Contribution Plans
This includes Savings Plans, 401(k) Plans, Profit
Sharing, 457, Keogh, IRA |
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Coverture
Method
The account balance as of the Marital Asset
Cutoff Date is multiplied by a Coverture
Fraction in order to determine the marital
portion for Equitable Distribution.
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$200.00 |
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Subtraction Method
The account balance as of the Date of Marriage
is subtracted from the account balance as of the
Marital Asset Cutoff Date. The difference
in the balances is the portion of the account
that accumulated during the marriage. |
$200.00 |
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Tracing/Segregation
Method
The account balance as of the Marital Asset
Cutoff Date is segregated into two parts.
The first part includes all pre-marital contributions
and investment experience on these contributions
which occurred during the marriage. The second
part includes all contributions made during the
marital period and investment experience based
solely on the marital contributions.
Click
here to see an example of this method |
$600.00 (minimum) |
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Offset Calculations
When determining the
division of marital assets, the value of the
assets must be established, then divided or
offset against one another. Often, when dividing
a defined benefit plan, the spouse may be
entitled to a reduced portion of the benefit
after the offset. The purpose of the offset
calculation is to determine the reduced
percentage of the marital portion of the defined
benefit pension.
Click
here to see an example. |
$200.00 (minimum) |
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Combined
Report
If you have requested
a present value analysis of a defined benefit
plan and the participant’s benefits also include
one or more defined contribution plans, we will
calculate the marital value of each defined contribution
plan pursuant to either the Coverture Fraction
or the Subtraction Method for a reduced fee.
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$100.00 per account |
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Drafting of Qualified Domestic Relations Orders
(QDROs) |
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Services |
Fees |
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One
QDRO, One Plan
Fee
includes a) the preparation of an Order that conforms
to the parties’ agreement ; B) submission of the
draft Order to the appropriate pension plan for
pre-approval (Federal governmental plans excepted) and
c) a finalized Order accompanied by plan approval
for submission to court for certification.
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$500.00 |
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Review of Opposing Expert’s Valuation or QDRO |
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Services |
Fees |
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| Review of Valuation
or QDRO with Oral Report |
$200.00 |
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| Review of Valuation
or QDRO with Written Report |
$400.00 |
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Additional Services |
Discovery
Service Only
This fee includes contacting
employers and/or retirement plans and providing
retaining party with copies of documentation received.
This service is performed for benefit verification
only. No analysis or calculations are conducted. |
$100.00 per plan |
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Settlement
Agreement Consultation (NEW SERVICE)
One
of the more complicated aspects of divorce negotiations
is the equitable distribution of retirement benefits.
We have developed a new service for attorneys
and their clients in which we will research and
calculate the marital portion of retirement benefits.
In addition, we will advise all interested parties
as to the proper structure of a property settlement
and provide guidance in specifically distributing
these assets conforming to the requirements of
a plan. |
Fee based
on the
complexity of the
settlement. |
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| Expert
Testimony |
$1,800.00
per Court
Appearance |
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Fees Imposed
by Companies/Plans
Increasingly,
retirement plans are charging researching and/or
copying fees for providing retirement plan information,
as well as, fees for reviewing proposed domestic
relations orders. |
These
charges
will be included
in our invoice. |
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