Retirement Plan Search

 BASS PRO GROUP LLC 401(K) PLANS is an DEFINED CONTRIBUTION LAN. This kind of plan generally creates an account for every participant where a specific amount is contributed by the Participant's Employer or both. Examples of this kind of plan include 401(k), 401(a) and employee stock ownership Plan (ESOP) and Savings and Profit-Sharing plans.

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In this type of plan it is the Alternate Payee who is usually awarded a percentage of the balance in the Participant's account in the event of a certain date, either in percentages, or an amount in dollars, via an Qualified Domestic Relations Order (QDRO). The Plan will create an additional account to the alternate payee. This typically allow the Alternate Payee to benefit from the investment options that are available for all other participants in the Plan. 

The plan usually provides an Alternate Payee with the possibility of receiving an immediate lump-sum distribution (or withdrawal) after approval of the QDRO. The Alternate Payee could opt to transfer the money to a tax-exempt account of their choice - for instance, the Individual Retirement Account (IRA). 

It is crucial for the Alternate Payee to seek advice from an experienced tax professional prior to making any transfer or withdrawal so that they are fully aware of the tax implications that could arise due to the time or the nature of the withdrawal or transfer.

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• This Plan is an "Profit-Sharing Plan", where the employer's contributions are contingent and are based on the percentage of profits earned by the company that are based on the quarterly and annual income.
• The Plan allows participants to choose the investments for the retirement account of their choice.
• It is a cash-based or deferred arrangement as described within Code Section 401(k) which is a part of the qualified defined contribution plan that allows the option for employees to defer some of their earnings or to get these funds in cash. It's also referred to as"401(k) Plan" "401(k) Plan".
• The plan is one in which employees contribute to separate accounts within the plan, or employer contributions are based either in whole or part deferrals by employees as well as contributions for the benefit plan.
• This plan allows for a partial or total participants-directed account(s). This Plan makes use of an investment account that is default for those who do not direct their assets to their accounts.

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The descriptions and features of the Plan included are only intended as general descriptions and examples the specific kind of plan. Participants and Alternate Paymentees must be sure to read the pertinent Summary Plan Description for a complete explanation of specifics and choices for the particular Plan of interest.

The information herein is based on the most current Plan tax filings. The specific terms of a plan could be different from the most recent available tax filingand, this means that the descriptions and details could not be up to date. SimpleQDRO does not make any representations about the authenticity of these descriptions.

SimpleQDRO is not the Administrator or representative of the Plan. SimpleQDRO gives this information as a service and provides no representations regarding the accuracy or current status of the descriptions.