The Plan at a Glance

About This Handbook

|

Benefits Handbook Archive

|

|

Handbook
Home

Print this Page

Print a Section

	Mercer HR Services Retirement Plan

	The Plan at a Glance

	Participating in the Plan

	How the Plan Works

	Company Contributions

	Investing Your Account Balance

	When Benefits Are Paid

	How Benefits Are Paid

	How Benefits Are Taxed

	Applying for Benefits

	In Case of Divorce

	In Case of Your Death

	Leaving the Company

	Merged Plans

	Account Information

	Miscellaneous

	Glossary

The Plan at a Glance


Plan Feature	Highlights
Plan Type	The Mercer HR Services Retirement Plan is a tax-qualified retirement plan. Each calendar quarter, Mercer HR Services plans to contribute an amount based on your years of service and your eligible compensation to a retirement account set up for you. IRS limits on salary and benefits apply because the plan is tax-qualified.
Eligibility and Enrolling	You are eligible to participate in the Mercer HR Services Retirement Plan if you are classified on the payroll as a U.S. salaried employee of Mercer HR Services. Your participation begins on the first of the month in which you are at least age 18 and have one year of vesting service. Participation is automatic, although you will need to make investment direction elections for your account and name a beneficiary. See "Participating in the Plan" for details.
Funding	Plan contributions are funded by the Company. Assets are held in a tax-exempt trust.
Contributions	The Company makes a retirement contribution to your account as of the end of each calendar quarter. The amount is based on your years of service and your eligible compensation for that quarter. The Plan does not accept employee contributions. See "Company Contributions" for details.
Vesting	Your vested percentage depends on your years of service. See "Vesting" for more details.
Investing Contributions	You can invest your account in any fund offered under the Plan. You can change the investment direction of future contributions. You may transfer/reallocate all or portions of your existing account balance in shares, percentages or dollars to any of the funds offered by the Plan. See "Investing Your Account Balance" for more details.
When Benefits are Paid	You can withdraw money from your vested account for any reason while you are working if you are age 59-1/2 or older. When you leave the Company: you are entitled to your vested account balance your account must be distributed if the vested account value is $1,000 or less, otherwise if your vested account value is more than $1,000, your account can remain in the Plan until the April 1st of the year following the calendar year in which you attain age 70-1/2. See "When Benefits Are Paid" for details.
Contact Information	For more information, contact the: Marsh & McLennan Companies, Inc. Mercer HR Services Retirement Plan c/o MMC Global Benefits – 6th Floor Waterfront Corporate Center 121 River Street Hoboken, New Jersey 07030 MMC Employee Service Center Phone: 1-866-374-2662