Defined Contribution Plan
A defined contribution plan is a retirement account, like a 401(k) or 403(b), where the balance depends on contributions and investment growth rather than a guaranteed payout. In a Florida divorce, contributions and gains accumulated during the marriage are marital property subject to equitable distribution. Splitting these accounts usually requires a QDRO to avoid taxes and penalties on the transfer.
Last updated June 21, 2026
Legal Definition
An employer-sponsored retirement account (e.g., 401(k), 403(b)) where benefits reflect contributions plus investment performance; the marital portion is divided under F.S. §61.075 and §61.076, generally via a Qualified Domestic Relations Order.
Example
The marital share of her 401(k), a defined contribution plan, was divided using a QDRO.
Related Statutes
- 61.076
- 61.075
Related Terms
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