Exempt Party in Interest Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| EBP 003 | |
| EBP, Related Party and Party-in-Interest Transactions [Line Items] | |
| Exempt Party in Interest Transactions | Exempt Party in Interest Transactions The Plan has a short-term investment fund managed by the Trustee. The balance in the fund at December 31, 2025 and 2024 was $3,292,182 and $5,451,384, respectively. The Plan recorded interest income of $203,058 for the year ended December 31, 2025 related to this fund. The Plan, through its interest in the Master Trust (see Note 3), was the beneficial owner of 2,812,897 and 3,111,144 shares of common stock of Marsh, the sponsoring employer, at December 31, 2025 and 2024, respectively. The fair value of the shares at December 31, 2025 and 2024 was $521,848,602 and $660,838,115, respectively. The cost of these shares at December 31, 2025 and 2024 was $114,493,080 and $115,991,093, respectively. The Plan recorded dividend income of $10,167,362 and $10,077,957 for the years ended December 31, 2025 and 2024, respectively, from the shares of Marsh. The Plan issues loans to participants which are secured by the vested balances in the participant's account. Certain administrative, investment and investment advisory functions are performed by officers and employees of the Company and its subsidiaries (who may also be participants in the Plan) at no cost to the Plan. Certain of these functions are performed by unaffiliated third parties who might have other roles with respect to the Plan. These transactions are not deemed prohibited party-in-interest transactions because they are covered by statutory and/or administrative exemptions from the IRC and ERISA rules on prohibited transactions.
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