MMC Benefits Handbook
The Plan at a Glance
COVID-19 Related Update
In 2021, the Company made a temporary change to the design of the Dependent Care Flexible Spending Account as permitted by temporary changes in applicable federal law related to the Covid-19 pandemic. As a result of these changes, you will not forfeit any amounts that you do not use for expenses incurred by December 31 and your unused balance (up to the plan maximum) will be carried over for eligible expenses incurred in the next plan year. This unlimited carryover change will apply only for carryovers from the 2020 plan year into 2021, or the 2021 plan year into 2022. Nonetheless, you should carefully estimate your expenses before deciding on an amount to contribute. For more information about the special changes to the Dependent Care Flexible Spending Account, including examples of rollovers of unused balances as of December 31, 2021, see the Things You Need to Know About the 2021 and 2022 FSAs.
In 2021, the Company made a temporary change to the design of the Dependent Care Flexible Spending Account as permitted by temporary changes in applicable federal law related to the Covid-19 pandemic. As a result of these changes, the qualifying child age has been increased up to age 13 (i.e., until the child's 14th birthday). This increase only applies to the 2020 and 2021 plan years.
The unlimited carryover of unused balances for the Dependent Care Flexible Spending Account (FSA) applies only to your 2020 plan year (carryover into 2021) and 2021 plan year (carryover into 2022) FSA balances. For future plan years, it is possible the permitted carryover amount will be eliminated. Generally, in accordance with IRS rules, you will forfeit any account balance remaining in your Dependent Care FSA not used to pay eligible expenses incurred between January 1 and December 31 of the plan year if they are submitted after the claims filing deadline of March 31 following the plan year.
Plan Feature
Highlights
How the Plan Works
  • You may contribute to the Plan through payroll deductions on a before-tax basis.
  • When you have reimbursable dependent care expenses, you can receive your money back tax-free, up to the amount that is in your account when you ask for reimbursement.
Eligibility
  • You are eligible if you are an employee classified on payroll as a US regular employee of Marsh & McLennan Companies or any subsidiary or affiliate of Marsh & McLennan Companies (other than Marsh & McLennan Agency LLC and any of its subsidiaries (MMA)).
  • You are eligible if you are an employee classified on payroll as a US regular employee of Marsh & McLennan Agency LLC – Corporate (MMA-Corporate), Marsh & McLennan Agency LLC – Alaska (MMA-Alaska), Marsh & McLennan Agency LLC – Northeast (MMA-Northeast), or Security Insurance Services of Marsh & McLennan Agency LLC.
  • See "Participating in the Plan" for details.
Enrollment
  • You are eligible to enroll:
    • within 30 days of the date you become eligible
    • during Annual Enrollment.
  • You must enroll each plan year in order to participate in the Dependent Care Flexible Spending Account.
Contributions
  • You can contribute:
    • between $120 and either:
      • $2,500 per year if you are married and you and your spouse file separate income tax returns, or
      • $5,000 per year if you are single or if you are married and you and your spouse file a joint income tax return.
Reimbursements
  • In general, the Plan will reimburse expenses:
    • for care provided to your qualifying family members during the hours that you and your spouse are working, looking for work, or attending school full time
    • that generally could be applied as a dependent care tax credit on your tax return if you did not use the Plan
    • for dependent care services in the plan year for which you make contributions.
Unused Contributions
  • Your unused balance at the end of the 2021 plan year (up to the plan maximum) will be carried over for eligible expenses incurred in the next plan year.
  • You have until March 31 of the following year to submit claims for reimbursement of eligible expenses you incur during the plan year.
Qualifying Family Members
  • Generally, a qualifying family member is:
    • your qualifying child up to the age 12 (i.e., until the child's 13th birthday) who lives with you for more than half the year, if you claim your child as a dependent on your tax return
    • a dependent of any age, like a parent, grandparent, brother or sister, who is physically or mentally not able to provide self-care, who lives with you for more than half the year, and whom you claim as a dependent on your tax return
    • your spouse who is physically or mentally not able to provide self-care and who lives with you for more than half the year.
  • See "Participating in the Plan" for more details.
Contact Information
For more information, contact: Trion Spending Account Service Center (Claims Administrator)
2300 Renaissance Boulevard
King of Prussia, PA 19406
Phone: +1 866 324 4087
Fax: +1 888 788 1928
Website: http://trion.lh1ondemand.com
Marsh McLennan does not administer this plan. Trion's Flexible Spending Account's decisions are final and binding.