BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND
READ FIRST!!!
This page contains information about the

BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND

This is for the benefit of people going through a divorce or attorneys assisting their clients with a divorce. Please don't reach out to us on live chat or our toll free number unless you're dealing with a divorce. SimpleQDRO isn't a Plan Administrator or affiliated with the plan or company listed on this page. We do draft QDROs for this plan, though. So if that is why you're here, please connect with us.
BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND is a DEFINED CONTRIBUTION PLAN. This type of Plan generally establishes an account for each individual Participant where a defined amount is being contributed by the Participant, the employer or both. Some examples of this type of plan are 401(k), 401(a), Employee Stock Ownership Plan (ESOP), Savings Plans and Profit-Sharing Plans.

With this type of plan, the Alternate Payee is typically awarded a portion of the Participant's account balance as of a specific date, expressed as either a percentage, or as a specific dollar amount, by way of a Qualified Domestic Relations Order (QDRO). The Plan will establish a separate account for the Alternate Payee and will usually allow the Alternate Payee the opportunity to utilize investment opportunities that are available for other participants in the Plan. This type of plan generally affords an Alternate Payee the ability to receive an immediate lump sum distribution (or withdrawal) upon approval of a QDRO. The Alternate Payee may also choose to transfer the awarded funds to another tax qualified account of his/her choice – for example, to an Individual Retirement Account (IRA). It is important for an Alternate Payee to consult with a tax professional before making any transfers or withdrawals, in order to be fully informed as to any potential tax consequences arising from either the timing or nature of the transfer or withdrawal.

Features of the BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND may include:

  • This Plan is an “Age/service weighted” or “new comparability” or similar plan. An “Age/service weighted” plan is a plan where allocations to the Plan on behalf of a Participant are based on age, service, or age and service. “New comparability” or similar plans are where allocations to the Plan are based on participant classifications. Classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of Code section 401(l).
BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND is a DEFINED BENEFIT PLAN. This type of plan generally provides participants with a monthly retirement benefit upon reaching a specific age and may be adjusted for early retirement. Benefits paid at the time of retirement are typically calculated using a formula based upon years of credited service and compensation information. Benefits are generally payable to the participant upon reaching "normal retirement age" for the remainder of the Participant's lifetime. Benefits accumulated under this type of plan are often referred to as "accrued benefits".

With this type of plan, the Alternate Payee is usually not awarded a lump sum cash payment from the Plan. Rather, the Alternate Payee’s award is typically made in terms of a monthly benefit payable for either the lifetime of the Participant (a "shared payment") or the Alternate Payee (a "separate interest").

Features of the BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND may include:

  • Benefits accrued under this Plan are primarily “flat dollar” (includes dollars per year of service)


DISCLAIMERS

The Plan features and descriptions presented are provided only as examples and general descriptions a particular type of plan. Participants and Alternate Payees should ALWAYS review the applicable Summary Plan Description for a detailed description of the specific terms and options for the specific Plan in question.

The information provided on this page is based upon the most recent Plan tax filings available. The terms of a specific plan may have changed since the most recently available tax filing, and as a result, these descriptions and features may not be current. SimpleQDRO makes no representations as to accuracy of these descriptions.

SimpleQDRO is neither the administrator, nor a representative of this Plan. SimpleQDRO provides this information merely as a courtesy and makes no warranties as to the current status or accuracy of these descriptions.
Plan & Company Information

pdg
Company
JOINT BOARD OF TRUSTEES BRICKLAYER UNION NO. 1 OF KY. PENSION TRUST
6525 CENTURION DR.
LANSING, michigan 48917
304-781-3928
pdg
Plan Name
BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND
pdg
Plan Administrator
JOINT BOARD OF TRUSTEES BRICKLAYER UNION NO. 1 OF KY. PENSION TRUST
6525 CENTURION DR.
LANSING, michigan 48917
304-781-3928
Need a QDRO?

Simple QDRO drafts Qualified Domestic Relations Orders for thousands of retirement plans including Defined Benefit Plans such as the BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND by JOINT BOARD OF TRUSTEES BRICKLAYER UNION NO. 1 OF KY. PENSION TRUST.


Our QDRO preparation service features:

  • Just $399 per QDRO - no hidden costs!
  • 1 business day turnaround
  • Unlimited revisions until the QDRO is accepted by the Plan Administrator and the court
  • Step by step instructions for how to file the QDRO with the plan and the court
  • Cover letters for: Pre-approval, Submission to the Judge, and Qualification
  • 100% money back guarantee
  • QDRO attorney review

Our customers love us!
Read our customer reviews here.

BRICKLAYERS LOCAL NO. 1 OF KY. PENSION TRUST FUND is located in Eaton County in LANSING, MI. If you need a QDRO in Eaton County or LANSING, MI just know that SimpleQDRO drafts QDROs for customers in all 50 states.
Toll Free Customer Support:
CLICK HERE TO CALL US
Mon-Fri 9am - 6pm EST
Chat