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IQVIA Agrees to Class of Thousands in 401(k) Fee Challenge

May 10, 2022, 4:18 PM

IQVIA Inc. employees got a boost in their lawsuit challenging the fees and investment options in their $1.6 billion 401(k) plan, when the health-care researcher told a North Carolina federal court it wouldn’t oppose their bid for class certification.

IQVIA continues to deny the allegations against it but doesn’t oppose the employees’ request to have the case certified as a class action, the company said in a notice filed Monday in the US District Court for the Middle District of North Carolina. The employees’ proposed class includes “thousands” of participants and beneficiaries in the IQVIA plan since 2014, and could ...