IQVIA Benefits Handbook
MATCHING CONTRIBUTIONS
The company may declare and make a matching contribution in an amount to be determined annually prior to the beginning of a plan year. Such determination will be approved by the Benefits Committee of the company. Any matching contribution will be equal to a percentage of deferral contributions, so you must make regular pre-tax deferrals (including automatic deferrals), Roth post-tax contributions or after-tax deferrals in order to receive a matching contribution. No matching contributions will be made on catch-up contributions. The plan does not make true-up contributions.
For the 2018 plan year, the matching contribution for participants other than those participating in the IMS Health Incorporated Retirement Plan (the "IMS Retirement Plan") is 100% of the first 3% of a participant's compensation deferred under the 401(k) Plan and 50% of the next 3% of compensation deferred under the 401(k) Plan. In no event will matching contributions be provided on any contributions in excess of a participant's first 6% of compensation deferred under the 401(k) Plan. Matching contributions are subject to a vesting schedule as described above.
Important Note for Participants in the IMS Retirement Plan: Due to the separate retirement benefits available to participants covered under the IMS Retirement Plan prior to it being frozen at the end of 2016, the matching contributions under the 401(k) Plan are 50% of elective deferrals and after-tax contributions up to the first 6% of a participant's compensation.
Note that the Plan makes matching contributions based on a participant's compensation each payroll period rather than based on total annual compensation subject to year-end adjustments. There are no "true-up" adjustments. Under the payroll period matching contribution method, in order for a participant to receive his or her maximum matching contribution from the Employer, elective deferrals generally need to be spread evenly over the full plan year rather than "front-loaded."