Benefits
To meet the needs of its highly diverse staff, Booz Allen Hamilton offers a choice of benefit plans and levels of coverage, including flexible health benefits, family-friendly policies and programs, profit-sharing, and savings plan.
Booz Allen's continued success depends on the Firm's ability to meet its employees' evolving needs. Booz Allen's benefit package offers a comprehensive spectrum of choices designed to protect the welfare of each employee and their families and to meet their different needs.
Booz Allen's benefit package includes:
Comprehensive Health Benefits
Booz Allen offers flexible health benefits that enable staff to choose from a variety of plans to meet their own needs and those of their families.
Family-Friendly Programs
In keeping with its commitment to a work/life balance, Booz Allen has family-friendly policies and programs that help staff balance their personal and professional lives. These include:
- Flexible work arrangement policy.
- Paid personal leave to meet specified personal commitments.
- An Employee Assistance Program that provides individual and family counseling.
- Paid Parental leave.
- Family and medical leave.
- Short- and long-term disability (including short-term disability for new mothers).
- A Resource and Referral Service to provide educational material and expert referrals to assist staff in meeting the demands of their personal lives
- Reimbursement accounts for tax savings on medical and dependent care expenses.
- Employee-centric approach to Community Relations.
Profit-Sharing and Savings Plan
Booz Allen's profit-sharing and savings plan, the Employee Capital Accumulation Plan or ECAP, is a tax-deferred, defined contribution plan that has two parts:
- A 401K plan that allows staff to shelter from taxes up to 10% (to the legal limit) of their salary via payroll deductions, beginning two months after they join the firm
- Profit sharing in which the firm can make an annual contribution of up to 10% of a staff member's eligible compensation and an additional 5.7% of their eligible compensation over the Social Security wage base, if applicable.