Iqvia Inc. 401(k) Review & Grade
Iqvia 401(k) Plan
Durham, NCManagement of Companies19,658 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,082Employer $ per active participant
$9,876Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$3.6BNet plan assets, end of year
$111,419Average balance per account
Score breakdown
- Employer generosity34.3 / 5069th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 69th |
| Lower admin cost | 69th |
| Employee saving | 79th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,290 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Iqvia put in about $4,082 per active participant, more than the typical peer ($2,229). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $80,239,170 |
| Participant (employee) contributions | $194,151,834 |
| Other contributions (incl. rollovers in) | $30,343,867 |
| Administrative expenses paid from the plan | $1,755,097 |
| Contract administrator fees | $4,500 |
| Investment advisory & management fees | $558,614 |
| Other admin expenses | $142,546 |
| Benefits paid out | $314,611,835 |
| Net assets, start / end of year | $3.1B / $3.6B |
| Active participants, start / end of year | 20,245 / 19,072 |
| Participants with account balances | 31,970 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments | $838,915 reported compensation |
| Strategic Advisors, Inc | $558,614 reported compensation |
| Towers Watson Investment Services | $142,546 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009075503NAL0003724867001, received 2025-10-09, EIN 06-1506026, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.