MMC Benefits Handbook
How the Plan Works
Enrollment
  • You can enroll or opt out of the employee contribution portion of the Plan as soon as you are eligible, or as of the first day of any future pay period, as long as you remain eligible.
  • If you do not opt out within your first 30 days of employment, you will automatically be enrolled in the employee contribution portion of the Plan.
Your participation is effective the first day of the next available pay period. Contributions will be deducted from your paycheck for that pay period and invested the same business day.
Contributions will not be made retroactively.
Please note that eligible participants with one year of Vesting Service receive Company matching contributions on their employee contributions. If you choose to opt out of the employee contribution portion of the Plan, you will not be eligible to receive Company matching contributions. However, you will still be eligible for fixed Company contributions if you attain one year of vesting service and are employed by an eligible participating company (eligible participating companies include all MMC companies except Marsh & McLennan Agency LLC and Dovetail Insurance Corporation).
You may make enrollment decisions online or by phone. The transaction submission deadline for online enrollment is 1 a.m. Eastern time on the Monday that is at least 11 business days (if you are on the semi-monthly payroll) or 5 business days (if you are on the weekly payroll) before the next pay date. To enroll online, go to Colleague Connect (https://colleagueconnect.mmc.com), click Career & Rewards and select Transamerica under Tools. Alternatively, you may enroll by calling the Employee Service Center at +1 866 374 2662 no later than 8 p.m. Eastern time on the Friday that is at least 11 business days (if you are on the semi-monthly payroll) or 5 business days (if you are on the weekly payroll) before the next pay date. If you do not meet the applicable deadline (as described above), your enrollment will be effective the first day of the second pay period following your notice. Contact the Employee Service Center if a holiday falls within the processing cycle to confirm the transaction submission deadline.
If you enroll for the first time and make no investment direction election (whether through active enrollment or automatic enrollment), your future employee before-tax and after-tax contributions and Company contributions (if you have completed a year of vesting service) will be invested automatically in one of the BlackRock LifePath Index Funds (the BlackRock LifePath Index fund that most closely matches Your retirement year—based on the Plan's normal retirement age of 65).