Honeywell International 401(k) match, vesting and fees

The audit report attached to the Honeywell 401(k) Plan's plan year 2024 Form 5500, page 22 says: “Depending on the rate designated for the participant’s Participating Unit, as defined below, the Company makes matching contributions with respect to a participant’s contributions. A Participating Unit is a group of employees which has been designated as participating in the Plan. The Company may contribute on behalf of each participant between 0 percent and 87.5 percent of such participant’s contribution to the Plan, up to 8 percent of the participant’s base pay, depending upon the rate designated for the participant’s Participating Unit. The Company does not match catch-up contributions. All of the Company’s matching contributions are initially invested in the Honeywell Common Stock Fund. Vested participants may subsequently direct such matching contributions into any investment option available within the Plan. There are two forms of Company matching contributions: (i) variable Company matching contributions and (ii) non-variable Company matching contributions. Participating Units whose employees are covered by collective bargaining agreements or government contracts, the terms of which may change the Company match from time to time, receive variable Company matching contributions, unless the collective bargaining agreement or government contract provides that the employees are eligible for non-variable Company matching contributions. Participating Units whose employees are not covered by collective bargaining agreements or government contracts (unless the collective bargaining agreement or government contract provides otherwise) are generally eligible for non-variable Company matching contributions. Participating Units covered by a non-variable match receive basic matching contributions whereby the Company matches 87.5 percent up to the first 8 percent of base pay that the participant contributes to the Plan (excluding rollover and catch-up contributions). Employer matching contributions for non-variable match participants are made annually in a lump sum by the end of the January following the calendar year end. Participants must be actively employed on December 15th, disabled, or deceased to receive such match. There is no minimum service requirement to receive the annual match. Accordingly, the Statement of Net Assets Available for Benefits at December 31, 2024 and Statement of Changes in Net Assets Available for Benefits for the year ended December 31, 2024 include $236 million for company matching contributions earned in 2024 and paid by the Company to the Plan in January 2025. Employer matching contributions for variable match participants are made on a per-payroll period basis, beginning with a participant’s first month of participation.” Plan terms may have changed; check your current Summary Plan Description.

The audit report attached to the plan year 2024 Form 5500, page 23 says: “A participant will become 100 percent vested in any Company contributions upon completion of three years of vesting service or upon attainment of age 65 while an employee of the Company or an affiliated company. In addition, a participant’s account will become 100 percent vested if the participant’s termination with the Company or an affiliated company was due to any one of the following (i) retirement under the terms of a Honeywell pension plan in which the participant participates; (ii) disability (as defined under the plan provisions); (iii) death; (iv) a reduction in force or layoff (as determined by the Company); or (v) a participant’s business unit is sold or divested (in the Plan Administrator’s sole discretion). A participant will also become 100 percent vested in any Company contributions in the event the Company terminates or permanently discontinues contributions to the Plan.”

The filing names Honeywell International Inc as plan administrator; it does not list a recordkeeper.

Your account stays in the plan until you move it. Contact the plan administrator (Honeywell International Inc, (877) 258-3699). The Honeywell International old 401(k) page lists the contacts from every plan filing. Find an old Honeywell International 401(k)