Retirement plan

IQVIA 401(K) PLAN

Name: IQVIA INC. - IQVIA 401(K) PLAN (2024) Form 5500
Creator: IQVIA INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, IQVIA 401(K) PLAN, IQVIA INC.

IQVIA INC.EIN 06-1506026Plan #004PY 2024

2400 ELLIS ROAD - DURHAM, NC 27703919-998-2000

Other plans on this EIN

2 filings

#002Retirement-$530.7M assets #003Retirement-$652K assets

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed February 26, 2007 (most recent of 4 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$3562.1M

+14.9% from 2023

Total participants

33,208

-2.9% from 2023

Average account balance

$111,419

+16.5% from 2023

Annual return

16.15%

-5.30 pp from 2023

Benchmarks

See 1,248 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,248 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$3.56B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$111K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

31,970

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$274.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+16.15%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$55

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL5 years Filed as: FIDELITY INVESTMENTS Service code 37 · EIN 04-2647786	Loan Processing	$838,915
STRATEGIC ADVISORS, INC.2 years Filed as: STRATEGIC ADVISORS, INC Service code 27 · EIN 04-2654524 400 SOUTHPOINTE BOULEVARD PLAZA I · CANONSBURG, PA 15317	Advisory (Plan)	$558,614
WILLIS TOWERS WATSON US LLC3 years Filed as: TOWERS WATSON INVESTMENT SERVICES Service code 16 · EIN 52-1868818 800 NORTH GLEBE ROAD FL 10 · ARLINGTON, VA 22203	Consulting	$142,546
RSM US LLP3 years Filed as: MCGLADREY & PULLEN Service code 16 31020 WELLONS BLVD · NEW BERN, NC 28562	Consulting	$127,754
VERRILL DANA LLP6 years Service code 16 · EIN 01-0176171 ONE PORTLAND SQUARE, UNION ST · PORTLAND, ME 04101	Consulting	$60,047
FORVIS, LLP1 year Filed as: FORVIS MAZARS, LLP Service code 10 · EIN 44-0160260 6525 MORRISON BOULEVARD, STE 500 · CHARLOTTE, NC 28211	Accounting	$27,221

Plan features & details

Pension benefit codes2E2F2G2J2K2T3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.8M

$92 / participant

Recordkeeping$962K54.8%
Investment mgmt$559K31.8%
Legal$60K3.4%
Contract admin$5K0.3%
Other / not subdivided$170K9.7%

% of EOY assets

0.049%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: $27,221
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$111,419

$106,553+4.6%

$136,072-18.1%

$106,553+4.6%

Participation rate

93.5%

69.8%+23.7pp

76.4%+17.1pp

69.8%+23.7pp

Annual return

16.15%

17.37%-1.2pp

580.46%-564.3pp

17.37%-1.2pp

Employer contribution / active EE

$4,207

$3,359+25.3%

$4,216-0.2%

$3,359+25.3%

Participant deferral / active EE

$10,180

$5,562+83.0%

$7,028+44.9%

$5,562+83.0%

Admin fee / account holder

$55

$80-31.1%

$6,718-99.2%

$80-31.1%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL5 years

Filed as: FIDELITY INVESTMENTS

Service code 37 · EIN 04-2647786

Loan Processing

$838,915

STRATEGIC ADVISORS, INC.2 years

Filed as: STRATEGIC ADVISORS, INC

Service code 27 · EIN 04-2654524

400 SOUTHPOINTE BOULEVARD PLAZA I · CANONSBURG, PA 15317

Advisory (Plan)

$558,614

WILLIS TOWERS WATSON US LLC3 years

Filed as: TOWERS WATSON INVESTMENT SERVICES

Service code 16 · EIN 52-1868818

800 NORTH GLEBE ROAD FL 10 · ARLINGTON, VA 22203

Consulting

$142,546

RSM US LLP3 years

Filed as: MCGLADREY & PULLEN

Service code 16

31020 WELLONS BLVD · NEW BERN, NC 28562

Consulting

$127,754

VERRILL DANA LLP6 years

Service code 16 · EIN 01-0176171

ONE PORTLAND SQUARE, UNION ST · PORTLAND, ME 04101

Consulting

$60,047

FORVIS, LLP1 year

Filed as: FORVIS MAZARS, LLP

Service code 10 · EIN 44-0160260

6525 MORRISON BOULEVARD, STE 500 · CHARLOTTE, NC 28211

Accounting

$27,221

IQVIA 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

IQVIA 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion