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The world of investing is very subjective--the investment plan that’s right for you depends largely upon the level of comfort that you have when it comes to risk. We'd like our clients from Honeywell International Inc. to remember that you can’t completely avoid risk when it comes to investing, but it's possible for you to manage it.
There are two aspects of risk tolerance for Honeywell International Inc. employees to consider: (1) the capacity of your investment plan itself to absorb losses, and (2) how comfortable you are personally with risk. The first aspect can be quantified--the more flexibility your investment plan has when it comes to potential loss, the more risk your plan can tolerate. For example, as we’ve discussed, a long investment time horizon may allow you to take on more risk than a short time horizon.
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The second aspect, how comfortable you are personally with risk, is more of an emotional measure, and depends on many factors, including your objectives, life stage, personality, and investment experience. Some investors are comfortable with a high degree of risk, while others can tolerate only minimal risk. Individual risk tolerance is an important factor for Honeywell International Inc. employees in deciding which individual investments are appropriate for them, as well as how their investment dollars should be allocated among different investment classes.
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Investors are typically grouped into three categories for purposes of discussing risk tolerance: aggressive (those who have a high degree of risk tolerance); moderate (those willing to accept some degree of risk), and conservative (those who are risk averse).
What type of retirement savings plan does Honeywell International Inc. offer to its employees?
Honeywell International Inc. offers a 401(k) retirement savings plan to its employees.
Does Honeywell International Inc. provide a company match for employee contributions to the 401(k) plan?
Yes, Honeywell International Inc. provides a company match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at Honeywell International Inc. enroll in the 401(k) plan?
Employees at Honeywell International Inc. can enroll in the 401(k) plan through the company's benefits portal or by contacting the HR department.
What is the eligibility criteria for Honeywell International Inc. employees to participate in the 401(k) plan?
Most employees of Honeywell International Inc. are eligible to participate in the 401(k) plan after completing a specified period of service.
Can employees of Honeywell International Inc. take loans against their 401(k) savings?
Yes, Honeywell International Inc. allows employees to take loans against their 401(k) savings, subject to the plan's terms and conditions.
What investment options are available in the Honeywell International Inc. 401(k) plan?
The Honeywell International Inc. 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and company stock.
How often can employees at Honeywell International Inc. change their 401(k) contribution amounts?
Employees at Honeywell International Inc. can change their 401(k) contribution amounts at any time, subject to plan rules.
What is the vesting schedule for employer contributions in the Honeywell International Inc. 401(k) plan?
The vesting schedule for employer contributions in the Honeywell International Inc. 401(k) plan varies, and employees should refer to the plan documents for specific details.
Are there any fees associated with the Honeywell International Inc. 401(k) plan?
Yes, there may be fees associated with the Honeywell International Inc. 401(k) plan, which can include administrative fees and investment fund expenses.
How does Honeywell International Inc. communicate changes to the 401(k) plan to its employees?
Honeywell International Inc. communicates changes to the 401(k) plan through official company emails, newsletters, and updates on the employee benefits portal.
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