Honeywell International Pension Plan
corporate plan · Honeywell International · Greensboro, NC
Funding History
What This Means for You
Honeywell International Pension Plan is in excellent financial health at 86% funded. This means for every dollar the plan owes in future benefits, it has 86 cents in assets to cover it. This plan is also covered by the PBGC, providing an additional safety net. Participants in this plan have relatively low risk of benefit reductions.
Year-by-Year Funding
| Year | Assets | Liabilities | Funding Ratio | Contributions |
|---|---|---|---|---|
| 2025 | $23.8B | $27.8B | 85.9% | $1.3B |
| 2024 | $22.7B | $27.1B | 84.0% | $956.5M |
| 2023 | $21.9B | $24.2B | 90.6% | $1.1B |
| 2022 | $20.6B | $24.7B | 83.4% | $1.1B |
| 2021 | $19.9B | $24.0B | 82.9% | $1.2B |
Frequently Asked Questions
Honeywell International Pension Plan is 86% funded, meaning it has 86 cents in assets for every dollar in future benefit obligations. This is considered healthy by actuarial standards.
Honeywell International Pension Plan has 123,152 total participants, including 61,565 active employees and 61,587 retirees currently receiving benefits.
Yes, Honeywell International Pension Plan is covered by the Pension Benefit Guaranty Corporation (PBGC), which provides a backstop if the plan cannot pay benefits. The PBGC risk level is currently "low."
The Pension Health Score (0-100, A-F) measures a pension plan's financial strength based on funding ratio (50%), funding trend over 3 years (30%), and PBGC risk level (20%). Higher scores indicate more secure retirement benefits.
Pension Health Score is calculated from funding ratio, 3-year funding trend, and PBGC risk classification.