Benefits for BIT Systems, a CACI company
BIT Systems (BITS), a CACI company offers a comprehensive benefits package designed to meet the needs of our employees and their families. In addition to competitive salaries, BITS offers a generous retirement plan,
401(k), company-paid health care, and a flexible vacation/holiday/sick day policy.
401(k) and Profit Sharing Plan (PSP)
If hired specifically into BIT Systems, a CACI company, employees are offered the option to participate in a 401(k) plan, administered by Charles Schwab. The Plan offers a great investment lineup, custom portfolio capabilities, and a brokerage window option. Employees can take advantage of a choice between pre-tax and Roth after-tax options. Plan participants who are or will turn 50 years of age during the calendar year are eligible to make catch-up contributions up to the IRS limit. The maximum elective deferral is 90% (subject to IRS limits) through semi-monthly payroll deductions. Additionally BITS contributes 25% of an employee’s base salary to the PSP. Employees are immediately vested in all contributions. All full-time benefits-eligible employees are eligible to participate in the plan.
Individual Benefits Accounts (IBAs)
If hired specifically into BIT Systems, a CACI company, employees are offered a unique benefit plan called an IBA. BITS funds employees' accounts to offer them the flexibility to choose how they want to spend the money in this account based on their needs.
These accounts are used to pay for:
Voluntary Benefits Offerings Outside of the IBA
BITS employees can also take advantage of numerous voluntary benefits plans paid for outside of the IBA via payroll deduction. Voluntary plan offerings include:
Finally, benefits-eligible BITS employees are eligible to receive a discretionary year-end bonus.