Plan Ledger DOL Form 5500 · updated monthly

Marsh & McLennan Companies, Inc.401(k) + ESOP (KSOP)

MARSH & MCLENNAN COMPANIES 401(K) SAVINGS AND INVESTMENT PLAN · NEW YORK, NY · plan year 2024

Employer contribution per participant · 2024
$8,635

Marsh & McLennan Companies, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $7,404,158,126 across 32,879 participant accounts, with employer contributions averaging $8,635 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other finance & insurance employers. By assets it is the 15th-largest of 5,648 plans among New York employers on file, and the 28th of 4,798 in finance & insurance. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,404,158,126
Participants with balances32,879
Active participants17,704
Employer contributions$152,866,555
Employee contributions$237,402,747
Employer contribution per active participant$8,635
Average account balance$225,194
Benefits paid to participants$685,041,081
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.4B · 32,879 accts · $152.9M emplr
2023$6.7B · 33,589 accts · $143.9M emplr
2022$5.8B · 33,722 accts · $129.7M emplr
The Marsh & McLennan Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$8,635
Median for plans this size$5,259
2024$8,635 per active participant
2023$7,118 per active participant
2022$7,165 per active participant

Marsh & McLennan Companies, Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer2
MARSH & MCLENNAN COMPANIES 401(K) SAVINGS AND INVESTMENT PLAN401(k) + ESOP (KSOP)
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Source: U.S. Department of Labor, Form 5500 series, EIN 362668272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.