Glossary
Beneficiary
The person or entity you designate (or who, under the terms of the plan, will) receive your remaining account balance after you die.
Employee Service Center
Marsh & McLennan Companies Employee Service Center
Phone: +1 866 374 2662
Installment
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.
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.
Qualified Domestic Relations Order (QDRO)
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.
Vesting Service
Vesting service generally includes the years of service based on your regular or temporary employment with the Company. Vesting service may also include:
  • credit for service if you were initially hired by Marsh & McLennan Companies as a leased employee and you subsequently become a regular or temporary employee.
  • credit for pre-acquisition service for certain purposes under the Plan, as determined by Marsh & McLennan Companies acting through its representative for employees of acquired businesses whose plans are not merged into this Plan.
  • Periods before you became a Plan participant equal to the years and partial years of vesting that were credited to you under the Putnam Retirement Plan, the Marsh & McLennan Companies 401(k) Savings & Investment Plan, or the Marsh & McLennan Companies Retirement Plan in which you are or were a participant.