The person or entity you designate (or who, under the terms of the plan, will) receive your remaining account balance after you die.

An IRA that was established with a distribution from another employer tax-qualified plan under Section 401(a) of the Internal Revenue Code and that has no other IRA contributions commingled with it.

A loan will be considered to be in default if:

Monthly, quarterly, semi-annual or annual income that continues for a specified period of time, like for a number of years or number of payments.

Any person who is not eligible for the U.S. Retirement Program and/or 401(k) Savings & Investment Plan (such as a temporary employee) but performs services for the Company pursuant to an agreement on a substantially full-time basis for a period of at least one year and whose services are performed under the primary direction and control of the Company. Effective January 1, 1997 and thereafter, substantially full-time is generally considered 1,000 hours of services performed in a consecutive 12-month period. A leased employee can have such service taken into account in determining eligibility for and vesting in the U.S. Retirement Program and eligibility for the Company match and vesting in the 401(k) Savings & Investment Plan if such employee becomes eligible to participate in these plans (e.g. becomes a salaried employee). The service of a leased employee who is covered by a money purchase pension plan of the leasing organization will not count in determining eligibility for and vesting in the U.S. Retirement Program or eligibility for Company match and vesting in the 401(k) Savings & Investment Plan if such employee becomes an eligible participant.

Marsh & McLennan Companies, Inc.
c/o MMC Global Benefits – 6th Floor
Waterfront Corporate Center
121 River Street
Hoboken, New Jersey 07030
Phone: (866) 374-2662

The Normal Forms of payment for distributions over $1,000 under the 401(k) Savings & Investment Plan are:

A confidential personal identification number assigned to you that enables you to access information on your account.

A judgment, decree or order issued by a state court that relates to child support, alimony payments or marital property rights to a spouse, former spouse, child or other dependent and is made pursuant to a state domestic relations law (including a community property law). It is considered a qualified domestic relations order if it creates or recognizes the existence of an alternate payee's right - or assigns to an alternate payee the right - to receive all or a portion of the benefits payable to a participant under a plan, specifies required information, does not alter the amount or form of plan benefits and is approved by the plan.

A plan that satisfies the Internal Revenue Service requirements governing retirement plans and pays benefits within IRS limits and allows the Company to set aside assets in a tax-exempt trust to fund participant benefits, without subjecting participants to tax until they receive distributions from the plan.

The IRS imposes certain limits on tax-qualified plans, such as establishing a maximum amount of salary that can be used to calculate plan benefits, and the maximum benefit that a retirement plan can pay a participant at age 65 and other retirement ages. The government adjusts these limits from time to time. Lower limits applicable for prior years may affect your benefits.

Amounts received from certain other tax-favored plans that may be eligible for a tax-free transfer to another such plan.

The retirement benefit you receive from the government when you retire, based on your age, the number of years you contributed to Social Security and your Social Security contributions during those years. In order to qualify for Social Security coverage, you must have 40 quarters of Social Security contributions.

Vested means nonforfeitability, that is, you have the nonforfeitable right to the value of the vested portion of your interest in the plan. You are always 100% vested in (a) the current value of your own before-tax and after-tax contributions to the plan, (b) any rollover contributions to the plan, and (c) any dividends attributable to your interest in the MMC Stock Fund, and (d) if you were a participant before January 1, 1998, in your Company Matching Contributions. You will also become fully vested in Company Matching Contributions on certain events, such as death, disability or termination of the plan.