What you need to know
BAE Systems offers a range of benefit options designed to address the diverse needs of you and your family throughout your career with us. As your life changes, your benefits can change with you to meet your evolving needs.
Expanded coverage for disabled dependents
We are pleased to be expanding our offerings for employees who have disabled dependents. Going forward, if you have a dependent who was deemed totally and permanently disabled prior to age 26, you are able to add them to your benefit coverage during Annual Enrollment or during the year if you experience a qualified event. This applies to all employees who are eligible for our benefits. For more information, contact the Benefit Center 1 888 900 4223.
Savings account contribution limits are increasing
Flexible Spending Accounts (FSAs)
Contribute up to $3,200 in a Health Care Flexible Spending Account in 2025. FSAs are use-it-or-lose-it accounts. You must spend your FSA dollars by December 31, 2025, and you will have until April 30, 2026, to submit your 2025 claims for reimbursement.
Contribute up to $5,000 to a Dependent Care FSA ($2,500 if your spouse or domestic partner contributes to one as well). Please note that if your compensation is $155,000 or more, your 2025 contributions are limited to $2,000. Note that you can no longer use Dependent Care FSA funds for a child once they turn age 13, unless they are disabled.
Remember, FSA contributions do not carry over and must be elected during Annual Enrollment each year if you want to participate.
Voluntary supplemental benefits
Your medical plan insurance is your primary source for comprehensive coverage for the care you need to stay healthy or to treat an injury or illness. But, when you’re sick or injured, you may also need help with other expenses, like child care, groceries, or transportation. That’s where voluntary supplemental benefits can make a big difference. You can enroll in voluntary supplemental plans only during Annual Enrollment or if you have a qualified life event during the year.
Important: Voluntary supplemental coverage is not medical insurance
These supplemental benefits are 100% employee-paid plans. They provide financial assistance that can help with miscellaneous expenses, but you will still need medical insurance to pay for the majority of your health care.
Keep loved ones protected with the right amount of life insurance
How much is enough? Your life insurance needs can change over time as your life and family situation changes. Visit The Hartford microsite for a life insurance needs calculator, as well as other life insurance resources that can help you determine what’s right for yourself and your family.
Do you need to add more coverage? Our plans allow you to elect Supplemental Employee Life Insurance only during Annual Enrollment or if you have a qualified life event during the year. You may need to complete the Evidence of Insurability (EOI) questionnaire and be approved before a higher coverage amount may become effective.
Keep your beneficiaries up to date
Many of our benefit plans offer a payout to your loved ones in the event of your death. But you must have your beneficiary details on file in advance for the benefits to be distributed according to your wishes.
You can update your beneficiary information at any time. Be sure to keep your beneficiaries up to date, particularly if you experience a significant life event such as a divorce, birth of a child, or death of a loved one. It only takes a few minutes to get peace of mind that your wishes will be followed if the unthinkable happens.
How to update your beneficiaries for these benefits at any time:
Life insurance
Life insurance
On BenefitsNavigator, select the Health & Insurance menu entry at the top, and a Health & Insurance Summary page will load. Under the Take Action menu, click on Manage Beneficiaries to view your Beneficiary Summary, and use the buttons to update your beneficiaries.
401(k) Savings Plan
401(k) Savings Plan
Visit the MyRetirement website and select Account Overview from the drop-down menu. From this page, you can update your beneficiaries, change your 401(k) contribution rate, and review your investment strategy.
Questions?
Questions about your medical, dental or vision plans, life insurance, or FSA details? During Benefit Center business hours, chat with a benefits representative while on BenefitsNavigator (click on the “Chat” link in the website footer under “Get in Touch”), or call the BAE Systems Benefit Center at 1 888 900 4223, 8 a.m. – 8 p.m. Eastern time, Monday through Friday.
Questions about your 401(k) Savings Plan? Call the BAE Systems Retirement Center at 1 800 622 5533. Representatives are available Monday through Friday from 8 a.m. – 10 p.m. ET and Saturdays from 9 a.m. – 5:30 p.m. ET.
Si usted necesita información en español, por favor llame a la Benefit Center a 1 888 900 4223.
Important! For those whose benefits are governed by a Collective Bargaining Agreement (CBA): As provided by your CBA, certain benefits may differ from those described on the Benefits website, so some benefits and provisions may not apply to you.