Mercer HR Services Retirement Plan

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This a defined contribution plan under which accounts are maintained for each participant.

The Plan year is January 1-December 31.

The Plan Sponsor is:

You are eligible to participate in the Plan if you are classified on the payroll as a U.S. salaried employee of Mercer HR Services.

Your service with Mercer HR Services includes service with Mercer, Putnam Investments (if you were employed by Mercer HR Services as of August 3, 2007), and Marsh & McLennan Companies, Inc. and all affiliated companies, as well as service with acquired companies that was recognized as service under the Marsh & McLennan Companies Retirement Plan.

Please note that certain former Mercer DBAS employees were given the opportunity to elect to participate in this Plan or continue participation in the Marsh & McLennan Companies Retirement Plan. Eligibility to make this election was based on age and service. If you were in this group and you elected to continue your participation in the Marsh & McLennan Companies Retirement Plan or you did not make an election, you are not eligible to participate in this Plan.

The Plan provides for administration by a Committee (consisting of three or more persons appointed by Marsh & McLennan Companies' Chief Executive Officer or Board of Directors). The Committee members may be removed at any time with or without cause. The Committee has full power and authority to administer the plan in its complete discretion.

The Plan Administrator is Marsh & McLennan Companies, Inc. Benefits Administration Committee and can be reached at:

The Plan Administrator has full discretion and authority to control and manage the operation and administration of the Plan.

The Mercer HR Services Retirement Plan is funded through Company contributions. The assets under the Mercer HR Services Retirement Plan are held in a tax-exempt trust by the following:

The investment options currently available for investment are listed in the Mercer HR Services Retirement Plan section, in this Benefits Handbook,

The Plan provides that certain expenses of investment and administration, including fees of third-party service providers, may be paid out of Plan assets. Refunds of Section 12b-1 and other similar fees may be applied towards these expenses. The Plan Administrator will determine how to reasonably allocate these expenses among accounts.

For filing a claim:

For appealing a claim