MMC Benefits Handbook
Receiving a Distribution
You may be eligible to withdraw money from your Vested account while working (in-service withdrawals) or while disabled:
  • for qualifying financial hardships (Financial Hardship Withdrawal).
  • for any reason, once you reach age 59-1/2 (Age 59-1/2 Withdrawal*).
  • for any reason if you are approved for benefits under the Marsh & McLennan Companies Long Term Disability Plan in accordance with that plan's provisions (Disability Withdrawal*).
  • for any reason if it is your after-tax account (After-tax Withdrawal).
  • for any reason if it is vested Company Matching Contributions (Employer Match Withdrawal).
  • for any reason if it is your rollover account (Rollover Withdrawal).
  • for any reason if it is your MHRS Plan Account (MHRS Plan Account Withdrawal).
  • for any reason if it is your in-plan Roth conversion account (In-Plan Roth Conversion Account Withdrawal*)
* A withdrawal of Roth 401(k) sources (including in-plan Roth conversion amounts) will be considered a non-qualified distribution and earnings on those amounts will be taxable, unless (1) the withdrawal is made after you reach age 59-1/2 (or after you die or become disabled) and (2) you have had a designated Roth account under the Plan (i.e., an in-plan Roth conversion account or, if earlier, a Roth 401(k) contribution account) for at least five years.
Fixed Company contributions are not an eligible source of funds for any in-service withdrawals. For more information regarding eligible sources of funds for in-service withdrawals, see "In-Service Withdrawals."
In-service withdrawals are not subject to a suspension of Company matching contributions.
You can take a loan (borrow) from your vested account:
  • and have up to two outstanding loans at a time.
  • for any reason.
When you leave the Company:
  • you are entitled to your vested account balance.
  • your account must be distributed if the vested account value is $1,000 or less, otherwise.
  • if your vested account value is more than $1,000, your account can remain in the Plan until April 1st of the calendar year after the year in which you attain age 70-1/2 when distributions must begin.