401(k) & ESPP
Eligible employees have the option to contribute to Graham's MMA 401(k) plan and purchase Marsh & McLennan stock at a discounted rate through the Marsh McLennan Employee Stock Purchase Program (ESPP).
MMA 401(k) PLAN
Eligibility: Employees are eligible first of the month following 30 days.
Employees will automatically be enrolled in the 401(K) plan on the first of the month following the first 30 days of employment. The contribution rate will automatically be 8% of salary (pre-tax) and will be invested in the BlackRock LifePath Index Fund that most closely matches your retirement year (based on the Plan's normal retirement age of 65). You may elect your contribution method: Pre-Tax, Roth 401(k), or Traditional After-Tax.
After you complete one year of vesting service, Graham will contribute a matching contribution each pay period of 50% on the first 8% of eligible base pay you contribute to the plan per pay period. You can maximize the amount of company matching contributions received by contributing at least 6% of your eligible base pay to your account. For 2025, the employee contribution limit is $23,500. Employees over age 50 may make an additional discretionary catch-up contribution. The 2025 catch-up limit is $7,500. Employees may increase or decrease their contribution rate or opt out of participation at any time.
You can increase or decrease your contribution via the Alight Portal, there is no election needed in Empyrean or Workday.
Marsh McLennan Employee Stock Purchase Plan (ESPP)
Eligibility: Employees may enroll in the Plan if hired before the preceding April 30th or have six months of vesting service at Graham.
Enrollment in the Marsh McLennan ESPP takes place once per year in September (date varies). The ESPP offers a way to purchase Company common stock at 95% of the average market price on each purchase date. Purchases are made quarterly.
The plan year runs from the first business day in October through the last business day in September. Each plan year, you are offered a new opportunity to participate. You may contribute 1% to 15% of eligible base pay on an after-tax basis; you may change your contribution rate twice during the plan year. If you stop contributions (0%), you may not resume contributions for the remainder of the current plan year.
Shares purchased each quarter are placed in an account in your name at Fidelity, the default service provider. You own these shares outright.
Before deciding to invest, you should consider the risks associated with investing in company stock.
