If you’ve resolved to make this the year you take control of your finances, Honeywell can help.
Each January, people write resolutions designed to improve their well-being in the new year.
According to Fidelity, 92% of people who are planning a financial resolution for the year ahead said they’re thinking about their finances differently given the events of the last few years. One-third are planning to make their finances more of a priority, and 38% are considering more conservative goals.
January is Financial Well-being Month
Even if your finances aren’t a focus for 2025, make them a focus this month.
Check out the 31 Days of Financial Wellness for daily financial tips
Attend a workshop to help you maximize your savings opportunities
Honeywell is committed to providing resources to help, whatever your financial concern.
Manage your finances
Manage your finances
Fidelity provides many online tools and resources to help you improve your financial well-being. Visit the Plan and Learn tab to get assistance with a variety of financial concerns, including planning for college and retirement, developing an investment strategy, building emergency savings and more.
Be sure to log in and visit the Financial Wellness hub to:
- Take the Financial Wellness Checkup
- Sign Up for upcoming workshops & events
- Get fun, daily financial tips
- Set up goals, and more!
Manage financial stress
Manage financial stress
Take advantage of the wide range of services offered by the Employee Assistance Program (EAP), including up to eight face-to-face counseling sessions per issue — including financial concerns — per year. In addition, the EAP has online resources and tools to help you manage the stress that comes with financial issues and more. Get help finding solutions and restore your peace of mind. Call a Health Advocate at 800-944-4887, option 4, or visit the HealthResource website.
Manage your retirement savings
Manage your retirement savings
Your Honeywell 401(k) plan is administered by Fidelity. Visit Fidelity’s website to:
- Change your contributions or investment fund strategy.
- Check out the many online tools and resources they offer to support and improve your financial well-being and future.
Make the most of your Health Savings Account
Make the most of your Health Savings Account
If you don’t already have an HSA, open one today. An HSA is used to pay for qualified medical expenses now and in the future, because the balance rolls over from year to year. Plus, Honeywell will contribute $200 for all employees with an annual salary of up to $50,000, who open an account.
Or maybe you have an HSA – and you make a personal contribution too. But could your HSA be doing more for you? You can begin investing your account balance once it exceeds $500 with a variety of investment options available through Bank of America.
Visit Bank of America’s website.
*HSA employer contributions are available only to Futureshapers enrolled in the Honeywell Medical Plan. This does not apply to collectively bargained employees of FM&T.
Take another look at your life insurance
Take another look at your life insurance
Honeywell automatically provides you with basic life insurance equal to 1 time your annual base pay. In the event you die while working at Honeywell, this amount is paid to your beneficiary. In addition to basic life insurance, we also give you the option of purchasing additional group universal life (GUL) insurance.
Visit the Securian Life website to learn more. Use the interactive BenefitScout tool to find the right insurance fit for you and your family.
