Rhode Island Sample Letter to Pension Plan Administrator regarding Division of Plan Proceeds per Court Order

• Category: Letters - Legal - Pension Plan
• State: Multi-State
• Control #: US-0500LTR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Plan Administrator's Name] [Name of Pension Plan] [Address] [City, State, ZIP] Subject: Division of Plan Proceeds per Court Order — [Participant's Name] Dear [Plan Administrator's Name], I hope this letter finds you well. I am writing to bring your attention to a court order that mandates the division of plan proceeds for [Participant's Name] in accordance with Rhode Island's pension plan laws. As you may be aware, Rhode Island follows specific guidelines when it comes to pension plan division upon divorce or legal separation. The provisions of the order issued by the Rhode Island Family Court, dated [Court Order Date], explicitly state that [Participant's Name]'s pension plan should be divided in compliance with these regulations. Based on the court order, we kindly request your assistance in executing the following actions: 1. Evaluation of Plan Proceeds: Please calculate the total value of [Participant's Name]'s pension plan as of [Valuation Date], taking into account all contributions, investment returns, and any other relevant factors. 2. Determination of Community Property Interest: As per the court order, it is required to determine the community property interest in [Participant's Name]'s pension plan. This interest should be calculated based on the formula mentioned in the court order or in accordance with Rhode Island law. 3. Division of Plan Proceeds: Once the community property interest has been determined, the court order specifies that [Participant's Name]'s former spouse, [Former Spouse Name], is entitled to receive a specific percentage or dollar amount of the plan proceeds as their share. 4. QDR Submission: Considering that a Qualified Domestic Relations Order (QDR) is required to effectuate the division of plan proceeds, we kindly request your guidance in providing the necessary plan-specific forms and documents required for QDR processing. It is important to note that timely compliance with the court order is crucial to ensure the smooth distribution of plan assets in accordance with Rhode Island law. We kindly request your prompt action in executing the necessary steps to facilitate the division of plan proceeds. Enclosed with this letter, please find a copy of the court order for your reference and records. In addition, please provide us with any specific plan-specific information or forms deemed necessary to initiate the QDR process. Should you require any additional documents or information, feel free to reach out to me at the contact details mentioned above. Thank you for your cooperation in this matter. We appreciate your prompt attention and look forward to your positive response within [reasonable timeframe] to ensure the proper implementation of the court order and a fair division of plan proceeds. Sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Plan Administrator's Name] [Name of Pension Plan] [Address] [City, State, ZIP] Subject: Division of Plan Proceeds per Court Order — [Participant's Name] Dear [Plan Administrator's Name], I hope this letter finds you well. I am writing to bring your attention to a court order that mandates the division of plan proceeds for [Participant's Name] in accordance with Rhode Island's pension plan laws. As you may be aware, Rhode Island follows specific guidelines when it comes to pension plan division upon divorce or legal separation. The provisions of the order issued by the Rhode Island Family Court, dated [Court Order Date], explicitly state that [Participant's Name]'s pension plan should be divided in compliance with these regulations. Based on the court order, we kindly request your assistance in executing the following actions: 1. Evaluation of Plan Proceeds: Please calculate the total value of [Participant's Name]'s pension plan as of [Valuation Date], taking into account all contributions, investment returns, and any other relevant factors. 2. Determination of Community Property Interest: As per the court order, it is required to determine the community property interest in [Participant's Name]'s pension plan. This interest should be calculated based on the formula mentioned in the court order or in accordance with Rhode Island law. 3. Division of Plan Proceeds: Once the community property interest has been determined, the court order specifies that [Participant's Name]'s former spouse, [Former Spouse Name], is entitled to receive a specific percentage or dollar amount of the plan proceeds as their share. 4. QDR Submission: Considering that a Qualified Domestic Relations Order (QDR) is required to effectuate the division of plan proceeds, we kindly request your guidance in providing the necessary plan-specific forms and documents required for QDR processing. It is important to note that timely compliance with the court order is crucial to ensure the smooth distribution of plan assets in accordance with Rhode Island law. We kindly request your prompt action in executing the necessary steps to facilitate the division of plan proceeds. Enclosed with this letter, please find a copy of the court order for your reference and records. In addition, please provide us with any specific plan-specific information or forms deemed necessary to initiate the QDR process. Should you require any additional documents or information, feel free to reach out to me at the contact details mentioned above. Thank you for your cooperation in this matter. We appreciate your prompt attention and look forward to your positive response within [reasonable timeframe] to ensure the proper implementation of the court order and a fair division of plan proceeds. Sincerely, [Your Name]