Participating in the Plan

You are eligible to participate in the Plan if you are classified as a U.S. regular or temporary employee of Mercer HR Services paid on a U.S. payroll. Participation begins automatically as of the first day of the month in which you:

complete one year of vesting service, and

reach age 18.

Your vesting 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 vesting service under the Marsh & McLennan Companies Retirement Plan.

There is no need to enroll, although you will need to make investment direction elections for your account and name a beneficiary. Enrollment Kits for investment direction elections are sent quarterly to newly eligible participant's address of record.

Please note that certain employees were given the opportunity to elect to participate in this Plan or continue participation in the Marsh & McLennan Companies Retirement Plan. 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.