Retirement Plans

12 Months Ended

Jun. 30, 2025

Retirement Benefits [Abstract]

Retirement Plans

Retirement Plans

The Company sponsors various defined contribution plans, in which most employees are eligible to participate. The total plan expense for fiscal 2025, 2024, and 2023 was $84.4 million, $78.7 million, and $99.0 million, respectively.

CACI $MART Plan

The Company offers the CACI $MART Plan, a defined contribution plan to its eligible employees. The Company makes minimum matching contributions that vest after three years of continuous service. Contribution expense for the plan for fiscal 2025, 2024, and 2023 was $74.7 million, $65.8 million, and $52.7 million, respectively.

Supplemental Retirement Savings Plan

The Company maintains the CACI International Inc Group Executive Retirement Plan (the Supplemental Retirement Savings Plan). The Supplemental Retirement Savings Plan is a non-qualified defined contribution supplemental retirement savings plan for certain key employees whereby participants may elect to defer a portion of their compensation. The Company contributes 5% of participant annual compensation exceeding the limit as set forth in IRC 401(a)(17) (currently $350,000 per year) and may make additional discretionary contributions. These contributions vest over five-years from enrollment but vest immediately upon a change of control. Participant accounts are credited with the rate of return based on the investment options and asset allocations selected by the Participant. Distributions from the Supplemental Retirement Savings Plan are available upon retirement, termination, death, total disability, or through in-service withdrawals.

As of June 30, 2025 and 2024, Supplemental Retirement Savings Plan obligations due to participants totaled $125.4 million and $122.5 million, respectively, of which the current portion is included in accrued compensation and benefits. Supplemental Retirement Savings Plan expense for fiscal 2025, 2024, and 2023 was $7.2 million, $6.9 million, and $4.5 million, respectively.

We invest in corporate owned life insurance (COLI) products that are held in a Rabbi Trust to fund the Supplemental Retirement Savings Plan obligations. The COLI investments are recorded at cash surrender value and are presented as supplemental retirement savings plan assets on the consolidated financial statements. Gains and losses recognized on the COLI products are recorded in Indirect costs and selling expenses on the consolidated statements of operations. We recorded a net gain of $5.2 million, $5.2 million, and $3.3 million for fiscal 2025, 2024, and 2023, respectively.