We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Marsh and McLennan Companies Inc | NYSE:MMC | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.41 | -0.21% | 199.36 | 200.06 | 198.30 | 199.90 | 1,821,484 | 01:00:00 |
Date: June 27, 2016
|
|
/s/ Alex P. Voitovich
|
|
|
Authorized Representative of the Benefits Administration Committee
|
|
|
|
MARSH & McLENNAN COMPANIES 401(k) SAVINGS & INVESTMENT PLAN
|
|
|
|
TABLE OF CONTENTS
|
|
|
|
|
|
|
Page
|
|
|
Report of Independent Registered Public Accounting Firm
|
1
|
|
|
Statements of Net Assets Available for Benefits
as of December 31, 2015 and 2014
|
2
|
|
|
Statement of Changes in Net Assets Available for Benefits for the
Year Ended December 31, 2015
|
3
|
|
|
Notes to Financial Statements as of December 31, 2015 and 2014 and for the Year Ended December 31, 2015
|
4-16
|
|
|
Supplemental Schedule:
|
|
|
|
Form 5500, Schedule H, Part IV, Line 4i
|
|
Schedule of Assets (Held at End of Year) as of December 31, 2015
|
17
|
|
|
Consent of Independent Registered Public Accounting Firm
|
Exhibit 23
|
|
|
|
2015
|
|
|
2014
|
|
||
ASSETS:
|
|
|
|
||||
|
|
|
|
||||
PARTICIPANT DIRECTED INVESTMENTS:
|
|
|
|
||||
|
|
|
|
||||
SHORT-TERM INVESTMENT FUND AT FAIR VALUE
|
$
|
648,123
|
|
|
$
|
647,702
|
|
|
|
|
|
||||
OTHER INVESTMENTS AT FAIR VALUE (NOTES 2 and 4)
|
2,618,449,642
|
|
|
2,542,180,058
|
|
||
|
|
|
|
||||
PLAN INTEREST IN MASTER TRUST (NOTE 3)
|
916,837,996
|
|
|
998,936,166
|
|
||
|
|
|
|
||||
TOTAL INVESTMENTS
|
3,535,935,761
|
|
|
3,541,763,926
|
|
||
|
|
|
|
||||
RECEIVABLES:
|
|
|
|
||||
|
|
|
|
||||
NOTES RECEIVABLE FROM PARTICIPANTS
|
38,024,906
|
|
|
37,301,184
|
|
||
|
|
|
|
||||
CONTRIBUTIONS RECEIVABLE
|
90,535
|
|
|
—
|
|
||
|
|
|
|
||||
DIVIDENDS AND INTEREST RECEIVABLE
|
435,809
|
|
|
330,729
|
|
||
|
|
|
|
||||
TOTAL RECEIVABLES
|
38,551,250
|
|
|
37,631,913
|
|
||
|
|
|
|
||||
NET ASSETS AVAILABLE FOR BENEFITS
|
$
|
3,574,487,011
|
|
|
$
|
3,579,395,839
|
|
|
|
|
|
||||
|
|
|
|
||||
See notes to financial statements.
|
|
|
|
INVESTMENT INCOME:
|
|
||
NET DEPRECIATION IN FAIR VALUE OF INVESTMENTS
|
$
|
(76,638,692
|
)
|
PLAN INTEREST IN MASTER TRUST
|
4,614,402
|
|
|
DIVIDENDS AND INVESTMENT INCOME
|
86,082,623
|
|
|
INTEREST
|
32,826
|
|
|
|
|
||
NET INVESTMENT INCOME
|
14,091,159
|
|
|
|
|
||
INTEREST INCOME ON NOTES RECEIVABLE FROM PARTICIPANTS
|
1,617,325
|
|
|
|
|
||
CONTRIBUTIONS:
|
|
||
PARTICIPANT
|
154,803,108
|
|
|
EMPLOYER
|
42,220,145
|
|
|
ROLLOVERS
|
57,468,604
|
|
|
|
|
||
TOTAL CONTRIBUTIONS
|
254,491,857
|
|
|
|
|
||
OTHER INCOME (NOTE 9)
|
842,351
|
|
|
|
|
||
BENEFITS PAID TO AND WITHDRAWALS BY PARTICIPANTS
|
(270,737,466
|
)
|
|
|
|
||
INCREASE IN NET ASSETS BEFORE PLAN TRANSFERS
|
305,226
|
|
|
|
|
||
TRANSFERS IN FROM OTHER PLANS (NOTE 6)
|
159,451
|
|
|
TRANSFERS OUT TO OTHER PLANS (NOTE 6)
|
(5,373,505
|
)
|
|
|
|
||
NET ASSETS AVAILABLE FOR BENEFITS:
|
|
||
Beginning of year
|
3,579,395,839
|
|
|
|
|
||
End of year
|
$
|
3,574,487,011
|
|
|
|
||
See notes to financial statements.
|
|
|
2015
|
|
2014
|
||||
INVESTMENTS:
|
|
|
|
||||
Marsh & McLennan Companies Stock Fund
|
|
|
|
||||
|
|
|
|
||||
Marsh & McLennan Companies common stock at fair value
|
$
|
400,734,932
|
|
|
$
|
453,708,281
|
|
Short-term investment fund at fair value
|
7,844,668
|
|
|
8,604,540
|
|
||
Accrued interest receivable
|
—
|
|
|
257
|
|
||
|
408,579,600
|
|
|
462,313,078
|
|
||
|
|
|
|
||||
Stable Value Fund
|
|
|
|
||||
Guaranteed investment contracts at contract value
|
5,307,833
|
|
|
43,725,361
|
|
||
Security backed investment contracts at contract value
|
502,300,948
|
|
|
493,507,227
|
|
||
Short-term investment fund at fair value
|
30,469,450
|
|
|
24,087,899
|
|
||
Accrued interest receivable
|
4,504
|
|
|
579
|
|
||
Liability for expenses incurred
|
(118,169
|
)
|
|
(113,921
|
)
|
||
|
537,964,566
|
|
|
561,207,145
|
|
||
|
|
|
|
||||
NET ASSETS OF THE MASTER TRUST
|
$
|
946,544,166
|
|
|
$
|
1,023,520,223
|
|
Marsh & McLennan Companies 401(k) Savings & Investment Plan
|
|
2015
|
|
2014
|
||||
Investment in Marsh & McLennan Companies Stock Fund
|
|
$
|
398,137,080
|
|
|
$
|
454,272,625
|
|
Investment in Stable Value Fund
|
|
518,700,915
|
|
|
544,663,541
|
|
||
Investment in Master Trust
|
|
$
|
916,837,995
|
|
|
$
|
998,936,166
|
|
|
|
|
|
|
||||
Plan’s Percentage Interest in Master Trust net assets
|
|
96.9
|
%
|
|
97.6
|
%
|
||
|
|
|
|
|
||||
Other plans’ interest in Master Trust
|
|
$
|
29,706,171
|
|
|
$
|
24,584,057
|
|
|
|
|
|
|
||||
Other plans’ Percentage Interest in Master Trust net assets
|
|
3.1
|
%
|
|
2.4
|
%
|
INVESTMENT INCOME AND EXPENSES:
|
|
|
||
Net depreciation in fair value of Marsh & McLennan Companies common stock
|
|
$
|
(13,148,402
|
)
|
Dividends
|
|
8,956,273
|
|
|
Interest
|
|
9,610,191
|
|
|
Expenses
|
|
(511,886
|
)
|
|
NET INVESTMENT INCOME
|
|
$
|
4,906,176
|
|
NET INVESTMENT INCOME FROM MASTER TRUST – BY PLAN:
|
||||
Marsh & McLennan Companies 401(k) Savings & Investment Plan
|
|
$
|
4,614,402
|
|
Other plans’ income from Master Trust
|
|
$
|
291,774
|
|
|
Assets Held Outside the Master Trust
|
|||||||||||||||
|
Fair Value Measurements at December 31, 2015
|
|||||||||||||||
|
Quoted Prices in Active Markets for Identical
Assets
(Level 1)
|
Significant Other Observable Inputs
(Level 2)
|
Significant Unobservable Inputs
(Level 3)
|
Total
|
||||||||||||
Short term investment funds
|
$
|
648,123
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
648,123
|
|
|
Mutual funds:
|
|
|
|
|
|
|
|
|
||||||||
Balanced/target retirement funds
|
191,391,028
|
|
|
—
|
|
|
—
|
|
|
191,391,028
|
|
|
||||
Bond funds
|
136,654,447
|
|
|
—
|
|
|
—
|
|
|
136,654,447
|
|
|
||||
Growth funds
|
343,299,923
|
|
|
—
|
|
|
—
|
|
|
343,299,923
|
|
|
||||
International funds
|
194,987,216
|
|
|
—
|
|
|
—
|
|
|
194,987,216
|
|
|
||||
Value funds
|
495,202,699
|
|
|
—
|
|
|
—
|
|
|
495,202,699
|
|
|
||||
Total Mutual funds
|
$
|
1,361,535,313
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,361,535,313
|
|
|
Investments measured at NAV
|
|
|
|
|
|
|
1,256,914,329
|
|
|
|||||||
Total investments
|
$
|
1,362,183,436
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
2,619,097,765
|
|
|
|
Assets Held Outside the Master Trust
|
|||||||||||||||
|
Fair Value Measurements at December 31, 2014
|
|||||||||||||||
|
Quoted Prices in Active Markets for Identical
Assets
(Level 1)
|
Significant Other Observable Inputs
(Level 2)
|
Significant Unobservable Inputs
(Level 3)
|
Total
|
||||||||||||
Short term investment funds
|
$
|
647,702
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
647,702
|
|
|
Mutual funds:
|
|
|
|
|
|
|
|
|
||||||||
Balanced/target retirement funds
|
189,833,143
|
|
|
—
|
|
|
—
|
|
|
189,833,143
|
|
|
||||
Bond funds
|
145,151,034
|
|
|
—
|
|
|
—
|
|
|
145,151,034
|
|
|
||||
Growth funds
|
335,803,333
|
|
|
—
|
|
|
—
|
|
|
335,803,333
|
|
|
||||
International funds
|
244,530,695
|
|
|
—
|
|
|
—
|
|
|
244,530,695
|
|
|
||||
Value funds
|
579,280,320
|
|
|
—
|
|
|
—
|
|
|
579,280,320
|
|
|
||||
Total Mutual funds
|
$
|
1,494,598,525
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
1,494,598,525
|
|
|
Investments measured at NAV
|
|
|
|
|
|
|
1,047,581,533
|
|
|
|||||||
Total investments
|
$
|
1,495,246,227
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
2,542,827,760
|
|
|
•
|
Short-term investment funds: High-grade money market instruments valued at NAV at year-end.
|
•
|
Mutual funds: Valued at quoted market prices at year-end on an active market.
|
•
|
Investments measured at NAV: Includes Common/collective trusts and the Mercer Emerging Market Equity Fund valued at NAV at year-end.
|
|
Master Trust Assets
|
|||||||||||||||
|
Fair Value Measurements at December 31, 2015
|
|||||||||||||||
|
Quoted Prices in Active Markets for Identical
Assets
(Level 1)
|
Significant Other Observable Inputs
(Level 2)
|
Significant Unobservable Inputs
(Level 3)
|
Total
|
||||||||||||
Marsh & McLennan Companies common stock
|
$
|
400,734,932
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
400,734,932
|
|
|
Short-term investment fund
|
38,314,118
|
|
|
—
|
|
|
—
|
|
|
38,314,118
|
|
|
||||
Total Master Trust Investments at Fair Value
|
$
|
439,049,050
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
439,049,050
|
|
|
|
Master Trust Assets
|
|||||||||||||||
|
Fair Value Measurements at December 31, 2014
|
|||||||||||||||
|
Quoted Prices in Active Markets for Identical
Assets
(Level 1)
|
Significant Other Observable Inputs
(Level 2)
|
Significant Unobservable Inputs
(Level 3)
|
Total
|
||||||||||||
Marsh & McLennan Companies common stock
|
$
|
453,708,281
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
453,708,281
|
|
|
Short-term investment fund
|
32,692,439
|
|
|
—
|
|
|
—
|
|
|
32,692,439
|
|
|
||||
Total Master Trust Investments at Fair Value
|
$
|
486,400,720
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
486,400,720
|
|
|
•
|
Common stock: Valued at the closing price reported on an active market where the securities are traded.
|
•
|
Short-term investment funds: High-grade money market instruments valued at NAV at year-end.
|
|
Fair Value
|
|
|
|
||||||
|
2015
|
|
2014
|
Unfunded
Commitments
|
Redemption
Frequency
|
Redemption Notice Period
|
||||
|
|
|
|
|
|
|
||||
S&P 500 Index Fund (a)
|
$
|
365,384,379
|
|
|
$
|
356,361,966
|
|
—
|
Daily
|
None
|
Target Retirement Funds (b)
|
346,079,651
|
|
|
316,944,718
|
|
—
|
Daily
|
None
|
||
US Bond Index Fund (c)
|
137,319,324
|
|
|
100,281,284
|
|
—
|
Daily
|
None
|
||
T. Rowe Blue Chip Growth Trust (d)
|
239,213,059
|
|
|
217,919,722
|
|
—
|
Daily
|
None
|
||
US Extended Equity Market Index Fund (e)
|
36,423,544
|
|
|
627,667
|
|
—
|
Daily
|
None
|
||
Non-U.S. Equity Index Fund (f)
|
128,356,114
|
|
|
54,880,938
|
|
—
|
Daily
|
None
|
||
|
$
|
1,252,776,071
|
|
|
$
|
1,047,016,295
|
|
|
|
|
(a)
|
This category includes investments in U.S. equity securities and collective investment funds that seek to approximate the return of the S&P 500 Composite Stock Price Index. The fair value of the investment in this category has been estimated using the quoted market prices of the underlying securities.
|
(b)
|
This category includes investments in a mix of index funds designed to provide income for selected retirement years. The fair value of the investments in this category has been estimated using the quoted market prices of the underlying securities.
|
(c)
|
This category includes investments in U.S. government and agency securities, investment grade corporate and yankee bonds, and mortgage-backed and asset-backed securities. The fair value of the investments in this category has been estimated using the quoted market prices of the underlying securities.
|
(d)
|
This category includes investments in U.S. and non-U.S. equity securities. The fair value of investments in this category has been estimated using the quoted market prices of the underlying securities.
|
(e)
|
This includes investments in U.S. equity securities that seek to approximate the return of the Russell Small Cap Completion Index. The fair value of the investment in this category has been estimated using the quoted market prices of the underlying securities.
|
(f)
|
This category includes investments in non-U.S. equity securities that seek to approximate the return of the Morgan Stanley Capital International All Country World Ex-U.S. index (MSCI ACW Ex-USA Index). The fair value of the investment in this category has been estimated using the quoted market prices of the underlying securities.
|
|
2015
|
|
2014
|
|
||||
Statements of net assets available for benefits:
|
|
|
|
|
||||
Net assets available for benefits per the financial statements
|
$
|
3,574,487,011
|
|
|
$
|
3,579,395,839
|
|
|
Add/(less): Adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
—
|
|
|
6,144,159
|
|
|
||
Less: Amounts allocated to withdrawing participants
|
(358,047
|
)
|
|
(3,112,650
|
)
|
|
||
Net assets available for benefits per the Form 5500, at fair value
|
$
|
3,574,128,964
|
|
|
$
|
3,582,427,348
|
|
|
|
|
|
|
|
||||
The following is a reconciliation of benefits paid to participants per the financial statements to Form 5500 for the year ended December 31, 2015:
|
|
|
|
|
||||
|
|
|
|
|
||||
Benefits paid to participants per the financial statements
|
$
|
270,737,466
|
|
|
|
|
||
Add: Amounts allocated to withdrawing participants and accrued on Form 5500
|
358,047
|
|
|
|
|
|||
Less: Prior year amounts allocated to withdrawing participants
|
(3,112,650
|
)
|
|
|
|
|||
Benefits paid to participants per Form 5500
|
$
|
267,982,863
|
|
|
|
|
||
|
|
|
|
|
||||
Amounts allocated to withdrawing participants are recorded on Form 5500 for benefit distributions that have been processed and approved for payment prior to December 31, 2015 but not reflected as paid as of that date.
|
|
|
|
|
||||
The following is a reconciliation of the increase in net assets available for benefits per the financial statements to Form 5500 for the year ended December 31, 2015:
|
|
|
|
|
||||
|
|
|
|
|
||||
Statement of changes in net assets available for benefits:
|
|
|
|
|
||||
Increase in net assets per the financial statements
|
$
|
305,226
|
|
|
|
|
||
Add: Amounts allocated to withdrawing participants
|
2,754,603
|
|
|
|
|
|||
Plus: Net adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
(6,144,159
|
)
|
|
|
|
|||
Net Income per Form 5500
|
$
|
(3,084,330
|
)
|
|
|
|
(a)
|
|
(b)
Identity of Issue, Borrower, Lessor
or Similar Party
|
|
(c)
Description of Investment, including Maturity Date, Rate of Interest, Collateral, and Par or Maturity Value
|
|
(e)
Current Value
|
||
|
|
|
|
|
|
|
||
*
|
|
SHORT-TERM INVESTMENT FUND
|
|
Common/Collective Trust
|
|
$
|
648,123
|
|
|
|
S&P 500 INDEX FUND
|
|
Common/Collective Trust
|
|
365,384,379
|
|
|
|
|
US BOND INDEX FUND
|
|
Common/Collective Trust
|
|
137,319,324
|
|
|
|
|
T. ROWE PRICE BLUE CHIP GROWTH TRUST
|
|
Common/Collective Trust
|
|
239,213,059
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2020 FUND
|
|
Common/Collective Trust
|
|
35,631,928
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2025 FUND
|
|
Common/Collective Trust
|
|
44,429,597
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2030 FUND
|
|
Common/Collective Trust
|
|
53,511,142
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2035 FUND
|
|
Common/Collective Trust
|
|
46,035,024
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2040 FUND
|
|
Common/Collective Trust
|
|
41,264,136
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2045 FUND
|
|
Common/Collective Trust
|
|
35,902,481
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2050 FUND
|
|
Common/Collective Trust
|
|
39,683,763
|
|
|
|
|
BLACKROCK LIFEPATH INDEX 2055 FUND
|
|
Common/Collective Trust
|
|
22,351,677
|
|
|
|
|
BLACKROCK LIFEPATH INDEX RETIREMENT FUND
|
|
Common/Collective Trust
|
|
27,269,904
|
|
|
|
|
NON-US EQUITY INDEX FUND
|
|
Common/Collective Trust
|
|
128,356,114
|
|
|
|
|
US EXTENDED EQUITY MARKET INDEX FUND
|
|
Common/Collective Trust
|
|
36,423,544
|
|
|
|
|
PUTNAM EQUITY INCOME FUND
|
|
Registered Investment Company
|
|
63,860,104
|
|
|
|
|
DODGE & COX STOCK FUND
|
|
Registered Investment Company
|
|
245,710,621
|
|
|
|
|
GOLDMAN SACHS SMALL CAP FUND
|
|
Registered Investment Company
|
|
98,713,090
|
|
|
|
|
PIMCO TOTAL RETURN FUND
|
|
Registered Investment Company
|
|
136,654,447
|
|
|
|
|
T. ROWE PRICE INSTITUTIONAL MID CAP EQUITY GROWTH FUND
|
|
Registered Investment Company
|
|
277,755,070
|
|
|
|
|
VANGUARD SELECTED VALUE ACCT FUND
|
|
Registered Investment Company
|
|
86,918,884
|
|
|
|
|
CENTURY SMALL CAP SELECT FUND
|
|
Registered Investment Company
|
|
65,544,853
|
|
|
|
|
AMERICAN FUNDS EUROPACIFIC GROWTH FUND
|
|
Registered Investment Company
|
|
194,987,216
|
|
|
|
|
PIMCO INFLATION RESPONSE MULTI-ASSET FUND
|
|
Registered Investment Company
|
|
1,788,584
|
|
|
*
|
|
MERCER EMERGING MARKETS EQUITY FUND
|
|
Registered Investment Company
|
|
4,138,257
|
|
|
|
|
VANGUARD WELLINGTON FUND
|
|
Registered Investment Company
|
|
189,602,444
|
|
|
*
|
|
VARIOUS PARTICIPANTS
|
|
Participant Loans maturing through 2033 at interest rates from 4.25% to 10.50%.
|
|
38,024,906
|
|
|
|
|
|
|
|
|
$
|
2,657,122,671
|
|
1 Year Marsh and McLennan Compa... Chart |
1 Month Marsh and McLennan Compa... Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions