Your IQVIA Legacy
MAXIMIZED
Hilltop Wealth Advisors specializes in helping employees of IQVIA—and other companies in the Triangle—capitalize on their benefits to maximize their income.
We’re here to help you better understand the benefits you may be receiving from IQVIA and leverage financial opportunities to build your portfolio, make strategic investments, save, and reduce taxes.
Learn more through a complimentary consultation with a Hilltop Advisor.
IQVIA BENEFITS +
Opportunities
Learn about your possible company benefits and
discover financial opportunities that could await you.
-
This retirement plan is available to certain employees whose income will exceed the annual “salary cap”. The salary cap refers to the maximum amount of annual compensation that can be used to determine employee and employer contributions. The SEP is a “non-qualified deferred compensation plan” that allows IQVIA to make the full 401k matching contribution, even if you’re above the salary cap limit.
OPPORTUNITIES:
Make sure to defer at least 4.5% each pay period so your 401k match is maximized. The SEP then restores any match you missed. Savings into IQVIA’s Elective Deferred Compensation Plan (EDCP) don’t count in 401k compensation, but the SEP calculates as if they did. So you can defer cashflow and still get the restored match.
-
The Employee Stock Purchase Plan gives you the option to purchase IQVIA stock at a discount. You can contribute a portion of your compensation, up to a limit, to purchase these shares. You can sell the shares at any point – if the sale is a “qualifying disposition”, you can receive preferential tax treatment.
OPPORTUNITIES:
Selling high cost basis shares and gifting low cost basis shares often helps to reduce the tax impact. Consider stock gifts to a donor advised fund or endowment to help offset high income tax years while funding gifts to your favorite charities.
-
LTI packages can be awarded based on company performance, in a variety of forms: PSUs, SARs, and RSUs. Stock appreciation rights are similar to stock options. If eligible, you will be given a set number of SARs. Once they vest, you can exercise them and receive a payment for the difference between the current stock price and your specified “Grant price”.
OPPORTUNITIES:
Over time the value of your shares can build up. Be sure to review your concentration risk and have a plan for exercising valuable options. Utilizing a 10b5-1 plan to exercise options strategically based on their inherent leverage, tax impact and insight ratio is an important step in maximizing their benefit. Utilizing stock gifts to a donor advised fund or endowment can also help offset high income tax years while funding gifts to your favorite charities many years into the future.
-
This retirement plan has a variety of investment options and allows you to make several different types of contributions: pre-tax, Roth, and after-tax. With pre-tax and Roth contributions, you are subject to the annual salary deferral limit. After-tax contributions have a different, higher contribution limit. IQVIA will match contributions up to 4.5% of your salary.
OPPORTUNITIES:
If you have reached the salary deferral limit for your 401k contributions, the “mega backdoor Roth” strategy can be an effective way to save more, tax-free, for retirement. To do this, you make after-tax contributions to the 401k and then complete an in-plan conversion. This will move the after-tax contributions to the Roth side of the 401k, where the funds can be invested and grow tax-free.
-
Restricted stock units are a type of equity award that can be made available to certain employees. If eligible, you will be given a set number of RSUs. As they vest, you’ll receive those shares of company stock outright. The value of the shares on the day of vesting will be taxable as ordinary income to you. Any additional gains or losses in those shares will be taxed at capital gains rates.
OPPORTUNITIES:
RSUs create taxable income equal to the value of the shares vesting. While a portion of the shares are typically used for tax withholding the standard rate is 22%. Those in higher tax brackets will want to adjust their withholding to cover this tax. Over time the value of your shares can build up. Be sure to review your concentration risk.
Hilltop
Executive
Advantage
Hilltop Wealth Advisors specializes in retirement and wealth strategies designed for IQVIA executives like you.
See how we can help you leverage your company benefits to maximize your financial legacy.
-
Risk-managed portfolio design—inside and outside of your retirement plan—helping you to preserve and grow wealth.
-
Comprehensive tax projections. Social Security timing strategies, and charitable planning to keep more in your pocket.
-
Guidance on HSA investing, Medicare integration, and retiree medical plan coverage with the Cisco Retiree Medical Access Plan.
-
Strategies for efficient distributions, Roth conversions, and tax-smart withdrawal sequencing.
-
Beneficiary reviews, trust coordination, and multi-generational planning in coordination with your estate attorney.
-
Experienced guidance on managing concentrated Cisco equity positions and equity compensation (restricted stock and employee purchase plans).
-
Leverage charitable giving tools to maximize your impact and optimize IQVIA’s 1:1 gift match (up to $10,000).
-
Planning for dependents, special needs and succession—so your wealth serves your family for generations to come.
Get STARTED.
Use the calendar to book a complimentary consultation with a Hilltop Wealth Advisor or give us a call.
Phone
919-401-1500
HOURS
M-F, 8AM-5pm (ET)
Have equity compensation?
Make wise decisions about one of your most valuable assets with Hilltop’s Equity Compensation Analysis. Designed to provide you with unique and insightful perspectives on the full value of your equity, its inherent risk, and the hidden leverage often overlooked in your stock options to help you reach your financial goals.
Disclosure: Hilltop Wealth Advisors is a registered investment adviser. Registration does not imply a certain level of skill or training. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance. Hilltop Wealth Advisors is not an accountant or attorney and does not provide tax or legal advice.