Make the Most of Your Money

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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

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

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

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.

Fidelity Investor Centers

If you’re nearing retirement, or have multiple financial needs, time spent with a Fidelity Representative can help you develop a plan to help make your goals a reality. Just call your local Investor Center to schedule a complimentary one-on-one consultation. Dive into more broad- based retirement planning outside of the Honeywell 401(k) plan and determine how it fits into your overall retirement strategy.

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

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. 

Take advantage of employee banking benefits

Employees have special access to enroll in the Bank of America Preferred Rewards®️ program and receive Gold tier benefits without the combined qualifying balance of $20,000. With Preferred Rewards, you'll enjoy benefits and rewards designed around the ways you save, spend and borrow with Bank of America and invest with Merrill.

Here’s how to get your benefits:

  1. Have an existing or new eligible personal Bank of America®️ checking account.
  2. Set up your Honeywell payroll direct deposit into an eligible Bank of America®️ checking or savings account.
  3. Once your direct deposit is confirmed, enroll in Preferred Rewards through Mobile or Online Banking.

To learn more, visit the Honeywell program page or watch a video.