Glossary
Annual Enrollment
The period of time each year designated by the Company when you may generally enroll in plans and make changes to your benefit elections, if allowed by the plan.
Beneficiary
The person or entity you designate (or who, under the terms of the plan, will) receive your remaining account balance, if any, after you die.
Company Matching Credits
Company Matching Credits refers collectively to the core Company matching credits contributed each pay period and annual discretionary performance-based Company matching credits paid in the first quarter of the following year (that were contributed in Plan years 2006, 2007 and 2008). On and after January 1, 2009, core Company matching credits are referred to as Company matching credits.
Compensation or Contribution Limits
The applicable IRS compensation or contribution limits that can be reached under the Marsh & McLennan Companies 401(k) Savings & Investment Plan are:
  • limit on before-tax and/or Roth 401(k) contributions: $17,000 plus $5,500 in catch-up and/or Roth catch-up contributions (total of $22,500) in the 2012 calendar year (Before-tax and/or Roth 401(k) contributions to a prior employer's plan in 2012 also count toward the IRS limit. You are responsible for coordinating your Marsh & McLennan Companies 401(k) Savings & Investment Plan contributions and taking into account any contributions made to a prior employer's plan in the same calendar year.)
  • covered compensation limit: for January 1, 2012 to December 31, 2012, the limit is $250,000
  • limit on total contributions (both yours and the Company's) to the Marsh & McLennan Companies 401(k) Savings & Investment Plan and any affiliated company defined contribution plans: the lesser of 100% of total compensation or $50,000 for the 2012 calendar year)
Compensation Limit
The Compensation Limit is the IRS limit on compensation eligible for consideration under plans like the Marsh & McLennan Companies 401(k) Savings & Investment Plan. The annual base pay that exceeds the annual Compensation Limit is eligible for deferral into the Supplemental Savings & Investment Plan. The 2012 Compensation Limit is base pay in excess of $250,000. The Compensation Limit will increase in future years as IRS limits increase.
Employee Service Center
Marsh & McLennan Companies Employee Service Center
Phone: +1 866 374 2662
Lump Sum Payment
Payment within one calendar year (usually in one check) of your entire benefit.
Personal Identification Number (PIN)
A confidential personal identification number assigned to you that enables you to access information on your account via the Voice Response System.
Retirement
You are considered a retired employee when you terminate your employment with the Company if:
  • you are at least age 55 with 5 years of vested service
  • you are age 65 or above
Transfer Agent
Wells Fargo Shareowner Services
Phone: +1 800 457 8968
Vesting Service
Vesting service generally includes the years of service based on your regular or temporary employment with the Company. Vesting service is used to determine when you qualify for Company matching credits.