Booz Allen Hamilton 401(k) match, vesting and fees
What Booz Allen Hamilton's 401(k) plan says about matching contributions
Participants employed on the last day of the plan year as well as certain classes of participants who terminated during the plan year, as provided by plan provisions, are eligible to receive employer matching contributions equal to 100% of their voluntary employee contributions up to 6% of eligible compensation. These employer matching contributions are made on an annual basis.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 29 ↗ |
| Match vesting | Participants are vested immediately in their contributions and the Company's contributions plus actual earnings thereon. | Audit report, p. 30 ↗ |
| Automatic enrollment | The Plan includes an automatic enrollment provision whereby all newly eligible employees who do not actively elect to participate or waive participation in the Plan within 60 days of becoming eligible to contribute are enrolled in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a fund or funds designated by the Benefits Plans Committee, until changed by the participant. During the 30-day period after the automatic contributions are first withheld, a participant can elect to withdraw the automatic deferral election and request a reimbursement of the contribution made. | Audit report, p. 29 ↗ |
| Roth contributions | Each year, participants may elect a deferral percentage of no less than 1% up to 50% of compensation with respect to Roth contributions and no less than 1% up to 80% of compensation with respect to pre-tax contributions, provided that Roth and pre-tax contributions collectively for any participant cannot exceed 80% of compensation, as defined in the plan document, up to the maximum limits of the Internal Revenue Code (IRC). | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $200 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balance in the participant's account. The loan interest rate, determined monthly, is set at the prime rate published by the Wall Street Journal as of the end of the month prior to the initiation date of the loan, as defined. | Audit report, p. 30 ↗ |
| Recordkeeper | Voya Institutional Plan Services | Schedule C ↗ |
| Independent auditor | Baker Tilly US, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 16 defined-contribution plans in professional, scientific, and technical services with 50,000 or more participants.
| Booz Allen Hamilton: employer contribution per participant | $4,401 | |
| Peer median | $2,523 |
| Booz Allen Hamilton: average balance | $170,835 | |
| Peer median | $154,750 |
| Booz Allen Hamilton: admin expenses ÷ assets | 0.06% | |
| Peer median | 0.04% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $8B at the end of plan year 2023 to $9.3B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 56,540 | $9.3B | $240M | $4,401 | 0.06% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 54,520 | $8B | $212M | $4,047 | 0.06% | Not published | Form 5500 ↗ |
Common questions
Does Booz Allen Hamilton match 401(k) contributions?
The audit report attached to the Booz Allen Hamilton Inc. Employees' Capital Accumulation Plan's plan year 2024 Form 5500, page 29 says: “Participants employed on the last day of the plan year as well as certain classes of participants who terminated during the plan year, as provided by plan provisions, are eligible to receive employer matching contributions equal to 100% of their voluntary employee contributions up to 6% of eligible compensation. These employer matching contributions are made on an annual basis.” Plan terms may have changed; check your current Summary Plan Description.
When is the Booz Allen Hamilton 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 30 says: “Participants are vested immediately in their contributions and the Company's contributions plus actual earnings thereon.”
Who manages the Booz Allen Hamilton 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Voya Institutional Plan Services. The plan administrator is Booz Allen Hamilton Inc..
I left Booz Allen Hamilton. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Booz Allen Hamilton Inc., (703) 902-5000) or the recordkeeper, Voya Institutional Plan Services. The Booz Allen Hamilton old 401(k) page lists the contacts from every plan filing. Find an old Booz Allen Hamilton 401(k)
Data from the public Form 5500 annual reports Booz Allen Hamilton filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Booz Allen Hamilton. Not financial advice. Report a correction · Methodology