The IQVIA 401(k) formerly known as the Quintiles 401(k) plan has received a class action for mismanagement of retirement plan. Read further.
What Does IQVIA Offer?
IQVIA is a company that helps make new advancements in health care.
Lawsuit against IQVIA 401(k) plan
In the lawsuit, IQVIA broke the law by not telling employees about the costs and risks of their 401(k) plans. The company also chose expensive and poorly performing investments, causing employees to lose money, according to the plaintiffs.
Has IQVIA 401(k) plan Agreed To Pay?
IQVIA denies any wrongdoing or liability but has admitted to pay $3.5 million to settle the lawsuit.
Terms to IQVIA Settlement
People involved in the class action can get money from the settlement fund based on their account balances at the end of each year during the class period. Current participants will see this money added to their accounts. Former participants can receive their share as a check or have it transferred to another retirement plan like an IRA.
Who are Eligible?
People who were involved in or benefited from the IQVIA 401(k) plan, previously called the Quintiles 401(k) plan, from June 23, 2014, to May 24, 2024.
Claim Form Deadline
09/23/2024
Case Name
Dearing, et al. v. IQVIA Inc., et al., Case No. 1:20-cv-00574-WO-JEP, in the U.S. District Court for the Middle District of North Carolina
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