Plan Ledger DOL Form 5500 · updated monthly

Honeywell International Inc.401(k) + ESOP (KSOP)

HONEYWELL 401(K) PLAN · CHARLOTTE, NC · plan year 2024

Employer contribution per participant · 2024
$5,348

Honeywell International Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $16,316,486,587 across 58,605 participant accounts, with employer contributions averaging $5,348 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 2nd-largest of 2,005 plans among North Carolina employers on file, and the 18th of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 40,004 to 44,069 since 2022.

Plan summary
Net assets, end of year$16,316,486,587
Participants with balances58,605
Active participants44,069
Employer contributions$235,668,656
Employee contributions$429,817,989
Employer contribution per active participant$5,348
Average account balance$278,415
Benefits paid to participants$1,877,952,503
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.3B · 58,605 accts · $235.7M emplr
2023$15.4B · 56,062 accts · $226.8M emplr
2022$14.6B · 57,075 accts · $207.1M emplr
The Honeywell International Inc. 401(k) match · 2024
Employer contribution per active participant$5,348
Median for plans this size$5,259
2024$5,348 per active participant
2023$5,746 per active participant
2022$5,177 per active participant

Honeywell International Inc.'s 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022Not separately reported
All plans at this employer3
HONEYWELL 401(K) PLAN401(k) + ESOP (KSOP)
HONEYWELL SECURED BENEFIT PLANProfit-sharing plan
HONEYWELL PUERTO RICO SAVINGS PLANESOP
Same employer
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Pfizer Inc NY$22.0B · 0.05%
Chevron Corporation CA$20.4B · 0.02%
Pepsico, Inc. NY$16.7B · 0.01%
L3HARRIS Technologies, Inc. FL$16.3B · 0.02%
Merck & Co., Inc. NJ$15.0B · 0.00%
Dell Inc. TX$14.6B · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222640650 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.