Page 18 - Marcus & Millichap Benefit Guide 2019-2020 (revised 01.02.2020)

Commuter Benefits

Flex Today | Commuter Benefits
Marcus & Millichap sponsors the Commuter Choice program to help you pay for certain parking and transportation expenses
you incur to commute to work. The commuter benefits are offered to you through Flex Today. You can enroll or make
changes at any time.

Plan Features:
• The Parking Account allows you to set aside up to $270 per month pre-tax to pay for your parking expenses at or near
your primary, long-term business location, or parking at or near a “park and ride” or similar location if you use mass-
transit.
• The Transit Account allows you to set aside up to $270 per month pre-tax to pay for transportation by train, light-rail or
by a public or subscription bus or the costs of an eligible vanpool. An eligible vanpool transports 7 or more adults,
including the driver, for the majority of the commute.

Retirement Plans

SIPs are not eligible for this coverage

Newport Group | 401(k)
All employees are encouraged to participate in Marcus & Millichap’s 401(k) plan. This plan allows you to fund for your
retirement with pre-tax and/or after-tax dollars. MMI matches dollar for dollar of your deferral per pay period, up to an
annual maximum of $4,000. The 2020 IRS employee deferral limit for those up to age 50 is $19,500. Employees who are 50
years or older during the plan year may contribute $26,000 ($19,500 + $6,500 catch up deferral). Enroll any time after your
first pay date.

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