Honeywell Employee Benefit: 401K Plan | Glassdoor

Honeywell 401K Plan

Updated Jan 24, 2019

543 employees reported this benefit

3.1
StarStarStarStarStar

Employer Summary

A 401(K) plan is available to help save for retirement, and Honeywell provides generous matching contributions.


Employer Verified
Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 211
  • Mar 16, 2019
    StarStarStarStarStar Current Senior Product Marketing Manager in Pittsburgh, Pennsylvania

    Company match is good but only pays into the employee account once a year, with the full match. Investment options are good with one option to invest in company stock.

  • Mar 06, 2019
    StarStarStarStarStar Current Global Account Director in Houston, Texas

    good match, 87.5% match up to 8% contribution

  • Feb 18, 2019
    StarStarStarStarStar Current Employee in Torrance, California

    Best: Good match worst: They hold the match until the end of the year

  • Feb 09, 2019
    StarStarStarStarStar Former Employee in Minneapolis, Minnesota

    Limited match on 401k; no real pension any more

  • Feb 07, 2019
    StarStarStarStarStar Current Aerospace Technician in Phoenix, Arizona

    Match is 7% paid annually, so you can't benefit from in-year gains. Also, if an employee is laid off or not working on or after December 15, they forfeit the entire year of company match!

  • Jan 21, 2019
    StarStarStarStarStar Current Senior Project Engineer in Phoenix, Arizona

    401K Plan looks very competitive with other large companies to me

  • Jan 17, 2019
    StarStarStarStarStar Current Employee in Atlanta, Georgia

    The entire systems doesn't benefit the employees anymore, its looked at more like a mechanism to help them hit profit numbers if they need to.

  • Jan 09, 2019
    StarStarStarStarStar Current Software Engineer in Redmond, Washington State

    7% match but only awarded once per year, and only to people who stay until December(if you leave or retire before December you don't get the match). It also takes 3 years to vest, so if you leave before 3 years you get nothing. The good thing is they no longer require you to contribute for one year before contributing themselves. Contribution lump sum begins to accumulate as soon as you start contributing 8%.

  • Dec 28, 2018
    StarStarStarStarStar Current Engineer in Orange, Texas

    Industry standard - not many options to buy other stocks like Apple

  • Dec 16, 2018
    StarStarStarStarStar Current Marketimg in Minneapolis, Minnesota

    Good match at 7%, recently changed to pay only if the employee is still with the company in December 15 each year. Overall, this will result in a slightly greater pay into 401k, however, it hardly seems fair to those who leave or worse yet, get laid off before that date.


Work at Honeywell? Share Your Experiences

Honeywell
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or