IQVIA Benefits Handbook
401(K) PLAN
In the event that the 401(k) Plan is terminated, your benefit earned up to the date of termination will become fully vested to the extent of the funds in the respective plan.
If the 401(k) Plan continues, but the plan and the trust agreement discontinue additional contributions, all necessary plan provisions (other than those related to contributions) will remain in effect. In addition, the trust provisions will remain in existence. The trustee and the plan administrator will hold, administer, and distribute all plan funds according to the terms of the plan and trust agreement.
If the 401(k) Plan is terminated, or if there's a complete discontinuance of contributions, all affected participants will be 100% vested in Company-matching contributions and any other unvested accounts, regardless of their years of service. Each participant will be entitled to receive the amount credited to his/her account. At its discretion, the plan administrator may authorize payment of this amount in cash.
No part of the principal or income of the fund will be used for, or diverted to, purposes other than for the exclusive benefit of participants or their beneficiaries. The trust may continue for such time as may be necessary to accomplish this objective. Plan changes also may not alter any participant's vested rights.
As the 401(k) Plan is a defined contribution plan, benefits are related to the contributions credited to your account and the fund's investment performance.