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BAH Retirment Plan
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5/25/2018 ECAP Basics
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Macdill AFB1 June 2006
Employees Capital Accumulation Plan
This document is confidential and is intended solely for the use and
information of the client to whom it is addressed.
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What is ECAP?
Employees Capital Accumulation PlanBooz Allen Hamiltons 401(k)
Tax-deferred retirement plan
Employee pre-tax contribution
Maximum of $15,000 in 2006
>50 catch-up provision = $5,000
Firm contribution
Booz Allen has historically contributed 10% of your compensation
ECAP operates on a calendar year basis
Typically, firm contributions will be made to your account in early February
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Participation in ECAPWho is Eligible?
Employee contribution Booz Allen employees are eligible to contribute as soon as practicable after
joining the firm.
Firm contribution
All regular employees, age 21 or older, working in the U.S. or U.S. citizens
working abroad that have completed one year. Enrollment is automatic after one year at Booz Allen Hamilton.
If I started in October 2005, when will my contributions start?
Contributions will be invested in the core investment funds of your choice
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Why Should I Contribute?
Social Security is not enough
Contributions reduce taxable income
Annual salary $50,000401(k) contribution 7,000Taxable income $43,000
Contributions reduce your tax bill!
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Why Should I Contribute?
Tax-deferred growth
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Why Now?
Reaching your goal gets more costly as time goes by
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Contributing To ECAP
Any percentage of your base salary up to the maximum annual IRS limit ($15,000)
unless you are Highly Compensated Employee (HCE) as defined by the IRS ($100,000 for 2006)
HCEs are limited to contribute the lesserof 10% of base salary or the annual IRS contribution limit
Contribution percentage changes will take effect with your next pay
You may make a lump sum contribution if you have not made any contributions during the Plan
Year or if you were hired during the Plan Year and wish to make up for lost time Lump sum contributions can be made only via payroll deductions from June or November pay;
Only one lump sum contribution election per year is allowed;
Lump sum tax deferred voluntary 401(k) contribution elections must be submitted in writing by June 1 or
November 1. Contact Helen Trgala via e-mail at [email protected]
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Catch-up Contributions
Employees who are age 50 or older are eligible to contribute an additional $5,000 above themaximum 401(k) amount allowed by ECAP and the Internal Revenue Service. In order to takeadvantage of this option, you must already be making normal 401(k) contributions from yourpay. Catch-up contribution elections carry over to the next year, unless a new election ismade.
Your election must be in a dollar format and keep in mind that the amount you elect is a perpayamount. For example, if you elect $4,000, $4,000 will be withheld from one pay; if youelect $334, this amount will be deducted from each pay until $4,000 is met.
Refer to of the ECAP Summary Plan Descriptionin the Formssection ofhttps://ecap.csplans.com/portal/PortalLogin.jspfor more information about Contributions
https://info.plan.csplans.com/default.asp?cl=BOOZALPE&pl=510001&page=formsforms&domain=ecap.csplans.com&plan=510001&jsessionid=76D82BF980CA297747A687ADD84214B4&act_type=P&s=2A85A111D159F0E030392615BA84B006&d=MCwCFA+OfUO3OF6llPgGed099OqxVz87AhRtcRHp87AmglVkoQbOXfDJUQWOZg==https://ecap.csplans.com/portal/PortalLogin.jsphttps://ecap.csplans.com/portal/PortalLogin.jsphttps://info.plan.csplans.com/default.asp?cl=BOOZALPE&pl=510001&page=formsforms&domain=ecap.csplans.com&plan=510001&jsessionid=76D82BF980CA297747A687ADD84214B4&act_type=P&s=2A85A111D159F0E030392615BA84B006&d=MCwCFA+OfUO3OF6llPgGed099OqxVz87AhRtcRHp87AmglVkoQbOXfDJUQWOZg==5/25/2018 ECAP Basics
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Vesting In The Plan
Vesting = assuming full ownership of firm contributions
includes investment income associated with such contributions
If your employment terminates prior to age 60, you will be entitled to the vested portion of youremployer contributions
Vesting is determined by your Years of Service* and your age at the time your employmentterminates, as shown below:
Yrs of Service Vested Portion < Age 40 Vested Portion > Age 40
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Distributions
Retirement Eligible upon reaching age 59
Mandatory upon reaching age 70
Distributions made prior to age 59 are subject to 10% penalty, unless
certain conditions are met
Loans against your 401(k) are immediately payable, with interest
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Accessing Your Accounts
Account access requires SSN and PIN
PIN is assigned by CitiStreet and mailed toyour home of record
PIN reset is available if you have activatedthis feature beforehand
You can create an alternate username byclicking on "My Preferences"
Most plan transactions and informationrequests can be made through the website orby calling the ECAP Information Line at(888) 530-ECAP
A confirmation statement will be mailed to your
home address of record every time you make atransaction.
Irwin M. Fletcher
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Investment Options
10 Core Funds
Stable Value Fund
Bond Fund
Balanced Fund
S&P 500 Stock Index Fund
U.S. Stock Fund
Russell 1000 Value Index Fund
Russell 1000 Growth Index Fund
Russell 2000 Stock Index Fund
EAFE Stock Index Fund
EuroPacific Growth Fund
Self-Directed Account Option
Minimum initial transfer = $1,000;
Minimum for subsequent transfers = $250
Maximum of 50% of your total ECAP account balance
Fund Information for S&P 500 Stock
Index Fund
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Account Balances
Broken down by fund
Employee and firm contributions separated
Vested balance calculated
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Questions?
Please feel free to provide feedback via e.mail