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Plan Name
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IQVIA 401(k) Plan
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Plan Type
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Defined Contribution Plan with 401(k), Roth 401(k), 401(m), after-tax, catch-up and Profit Sharing Plan features, intended to satisfy ERISA section 404(c).
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Plan Year
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January 1 to December 31
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Plan Number
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004
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Plan Sponsor
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The plan sponsor and principal employer for the IQVIA benefit plans is:
IQVIA Inc.
4820 Emperor Blvd.
Durham, NC 27703
919-998-2000
Employer Identification Number:06-1506026
The plan sponsor retains all fiduciary responsibility with respect to these plans, except to the extent the plan sponsor has delegated or allocated to other persons or entities one or more fiduciary responsibilities and to the extent the plan sponsor is not held responsible with respect to a plan by law.
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Plan Administrator, Named Fiduciary and Agent for Service of Legal Process
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The plan administrator has sole and absolute authority to make all decisions regarding eligibility and/or entitlement to participation or benefits. The plan administrator can be reached at:
Benefits Committee
c/o IQVIA Inc.
4820 Emperor Blvd.
Durham, NC 27703
919-998-2000
The plan's agent for service of legal process is its General Counsel, care of IQVIA Inc. at the address above. Service of process may also be made on the plan trustee.
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Type of Administration
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The plan is administered by the IQVIA Benefits Committee, with the assistance of a third-party contracted recordkeeper and a trustee.
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Plan Funding
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Contributions for the 401(k) Plan come from IQVIA and its employees. Employees contribute to the plan, and IQVIA provides discretionary matching contributions, if applicable. Participant and Company contributions are held in a trust fund administered by a trustee appointed by IQVIA. The trustee is responsible for the management, investment and payment of plan assets, unless the 401(k) Plan Committee either assumes that responsibility or appoints an investment manager to manage plan assets.
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Participation and Plan Deferrals
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For individuals first hired prior to 2015, participation in the 401(k) plan is generally voluntary and begins as soon as administratively possible after you become eligible for and enroll in the 401(k) plan.
Individuals first hired on or after January 1, 2015 will be automatically enrolled in the 401(k) plan within sixty (60) days of satisfying the 401(k) plan eligibility requirements unless the individual affirmatively declines participation within the 60-day period. Participants who are automatically enrolled will have their deferral percentage election automatically set at three percent (3%) effective January 1, 2018, but may change their future deferral percentage at any time once enrolled, including reducing their deferral percentage to zero.
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Plan Trustee
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Fidelity is the trustee for the 401(k) Plan. You can reach the trustee at:
Fidelity Management Trust Company
82 Devonshire Street, L10A
Boston, MA 02109
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No PBGC Guarantee
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Benefits under this Plan are based solely on the amounts in the individual accounts. The amounts in individual accounts are not insured by the Pension Benefit Guaranty Corporation ("PBGC") because the insurance provisions under the Employee Retirement Income Security Act of 1974 ("ERISA") are not applicable to this type of plan.
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