Expenses can easily pile up for people in Florida seeking a divorce. In addition to legal fees, a couple that needs to split the assets within a 401(k) retirement plan must first obtain a qualified domestic relations order. After paying a lawyer to prepare the QDRO document, the firm managing the retirement account typically adds another $300 to $1,800 in charges to process the transaction.
A lawyer familiar with lawsuits against investment companies that charge excessive service fees said the tactic is meant to increase profits for administrators. Another lawyer who frequently prepares QDRO paperwork described the high fees from retirement plan administrators as a "cash printing machine."