MMC Benefits Handbook
Relationship to Marsh & McLennan Companies 401(k) Savings & Investment Plan Deferral Elections
Your deferral elections under this Plan are made independently of your Marsh & McLennan Companies 401(k) Savings & Investment Plan contribution elections. However:
  • deferrals will not commence unless and until you have reached an applicable IRS limit under the Marsh & McLennan Companies 401(k) Savings & Investment Plan; and
  • if you have elected to make deferrals to the Supplemental Savings & Investment Plan during the Plan year, you cannot make traditional after-tax contributions and you cannot change your before-tax and/or Roth contribution rate or waive or change your catch-up or Roth catch-up contribution election in the Marsh & McLennan Companies 401(k) Savings & Investment Plan. You can make changes to your elections under both the Marsh & McLennan Companies 401(k) Savings & Investment Plan and the Supplemental Savings & Investment Plan for the following Plan year during the next Supplemental Savings & Investment Plan Annual Enrollment period.
  • In addition, if you elected the automatic annual increase feature in the Marsh & McLennan Companies 401(k) Savings & Investment Plan, such feature will not take effect going forward once you elect to make deferrals under the Supplemental Savings & Investment Plan.
  • If you cease making deferrals under the Supplemental Savings & Investment Plan in the future, you must re-elect the automatic annual increase feature under the Marsh & McLennan Companies 401(k) Savings & Investment Plan in order to resume participating in that feature. (Such feature is available as long as you are no longer making deferrals under the Supplemental Savings & Investment Plan, even if you are still eligible to continue receiving fixed Company credits.)