Plan Ledger DOL Form 5500 · updated monthly

Iqvia Inc.401(k)

IQVIA 401(K) PLAN · DURHAM, NC · plan year 2024

Reported admin expense ratio · 2024
0.05%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Iqvia Inc. reported $1,755,097 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $4,207 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.03% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other management of companies employers. By assets it is the 13th-largest of 2,005 plans among North Carolina employers on file, and the 17th of 786 in management of companies. In 2024, employees put in $2.42 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,562,074,672
Participants with balances31,970
Active participants19,072
Employer contributions$80,239,170
Employee contributions$194,151,834
Employer contribution per active participant$4,207
Average account balance$111,419
Benefits paid to participants$314,611,835
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.6B · 31,970 accts · $80.2M emplr
2023$3.1B · 32,426 accts · $81.0M emplr
2022$2.5B · 32,385 accts · $74.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$966,669
Investment management$558,614
Audit (IQPA)$27,221
Total administrative$1,755,097
The Iqvia Inc. 401(k) match · 2024
Employer contribution per active participant$4,207
Median for plans this size$5,259
2024$4,207 per active participant
2023$4,002 per active participant
2022$3,561 per active participant

Iqvia Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20246
FIDELITY INVESTMENTS · Loan processing$838,915
STRATEGIC ADVISORS, INC · Investment advisory (plan)$558,614
TOWERS WATSON INVESTMENT SERVICES · Consulting · Investment advisory (plan)$142,546
MCGLADREY & PULLEN · Consulting$127,754
VERRILL DANA LLP · Legal · Consulting$60,047
FORVIS MAZARS, LLP · Accounting / audit$27,221

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$1,755,097 · 0.05%
2023$1,784,866 · 0.06%
2022$695,969 · 0.03%
Same employer
Similar plansManagement of Companies · North Carolina
Illinois Tool Works Inc. IL$4.2B · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061506026 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.