Honeywell Aerospace Benefits Transition FAQs

There are no changes to your selected benefits. You will continue to be enrolled in the same plans you selected during Annual Enrollment for the remainder of 2026.

This early transition, prior to the anticipated official separation in Q3, allowed us to complete required administrative updates while avoiding disruption to your coverage.

Yes, Honeywell Aerospace is using a similar Benefits Center website to what Honeywell currently has. You will need to register as a first-time user on this new site to view your current coverage. You will be able to view and make changes mid-year if you have a qualifying life event.

No. You can only make mid-year changes to your benefits coverage if you have a qualifying life event (for example marriage, add a newborn, lost coverage through spouse’s employer). The creation of Honeywell Aerospace as its own company, by itself, does not give you the opportunity to change your healthcare benefits.

No, there are no changes to your premium deductions post-separation. You will pay the same amount for the remainder of the 2026 plan year unless you make a change due to a qualifying life event.

No, your medical plan benefits stayed the same under Honeywell Aerospace.

Yes. During the month of April your YTD deductibles and out-of pocket maximums were moved over to the Honeywell-Aerospace policy at your medical carrier (CIGNA/Horizon/Kaiser) and prescription drug carrier (CVS/Optum).

Yes. New digital ID cards are available online by visiting your benefit plan website or app. You should have received physical ID cards in the mail in late March from some vendors. For those enrolled with Cigna, you will only see a change to your digital ID card on their website or app on 4/1. No physical ID cards will be mailed by Cigna unless you call and request one.

No, your prescription coverage will continue under your Honeywell Aerospace Medical Plan. For those covered by Cigna/Horizon, you may visit CVS Caremark’s website to learn more: https://www.caremark.com/ For those covered by Kaiser Permanente, please refer to the Kaiser website for information on your prescription drugs.

No, your dental benefits will stay the same under Honeywell Aerospace. You may review your dental benefits at anytime by connecting with Cigna if you are enrolled in the DHMO, or MetLife if you are enrolled in the Dental PPO plans.

Yes, you should have received new ID cards in the mail for Cigna DHMO and MetlIfe, and new digital cards will be available online through your dental carrier’s website portal or app.

No, your vision plan benefits stay the same. You may access more information about your vision plan benefits at https://www.vsp.com.

Yes, you and your family and/or dependents still have full access to My Medical Ally resources. You may visit https://mymedicalally.alight.com/ to request support at any time for yourself or a family member/dependent(s).

Yes, you are still able to take advantage of Employee Assistance Program (EAP) services, including up to eight counseling sessions per issue per year.

Yes. Honeywell Aerospace is continuing the Biometrics Program. You will receive information regarding the 2026 Biometric Screening campaign in early June.

Yes, you will have access to an employee discounts platform with employee discount benefit offers. You may visit www.beneplace.com or access through HR Direct to learn about monthly offers.

Benefits provided by Bright Horizons, such as child care, elder care, college admissions counseling, continue to be available to Honeywell Aerospace employees.

Yes, you still have access to free Teladoc services if you are enrolled with Cigna or Horizon. You may visit www.TeladocHealth.com to learn more.

Yes, your beneficiaries on file transferred to your new Aero policy.

Yes, your existing coverage and beneficiary information transferred to the Honeywell Aerospace policy.

Yes, all benefit deductions continue as they were under Honeywell unless you make a change. Note: Some of you may have erroneously received a letter from Securian stating you would need to pay your premiums directly to Securian. You may ignore this letter.

This was done in two waves, depending on where you work. The first wave included employees that are part of the following entities:

• Baker Electronics Inc.
• EMS Defense Technologies, Inc
• Grimes Aerospace Company
• CAES Mission Systems, CAES Systems, Colorado Engineering
• Rocky Research

The blackout period for this group was 3/23-3/27. We encouraged you not to submit HSA claims or complete withdrawals from your account during this time period. If you used your HSA throughout the blackout period, you may have been asked to complete an individual transfer with Bank of America at a later date.

The second wave included all remaining employees transitioning to Honeywell Aerospace. The blackout period was 4/6 - 4/10. We encouraged you not to submit HSA claims or complete withdrawals from your account during this time period. If you used your HSA throughout the blackout period, you may have been asked to complete an individual transfer with Bank of America at a later date.

Yes, new debit cards were provided to you after the blackout periods mentioned above were completed and your balance transferred. You will need to create a new login on the Bank of America site at that time. Note: Those of you with HSA and FSA accounts will receive more than one card. The first card is for your HSA only. Once the FSA blackout was completed (4/24), another debit card was sent to you that you can use for both accounts. Once you receive this 2nd card, you may activate and then discard the HSA only card.

Once your new debit card was issued by Bank of America, your existing card was still functional for up to 10 days. Upon receipt of your new card, you can activate it and begin using immediately.

No, your current balance and investment selections, if applicable, automatically transferred to a new account under Honeywell Aerospace during one of the two waves mentioned above.

Yes, you can make changes to your HSA goal amount during the year for any reason, but no more than once per month.

No fees were extracted from your account due to this transition. You may have recently received a notification from BofA regarding a change to your employment status and potential fees associated with this account. This notification was sent in error during your HSA’s transition to Honeywell Aerospace and can be ignored.

The blackout to submit FSA claims began at the end of March. The transition has been completed and the blackout lifted as of 4/24/26. New debit cards were sent the last week of April.

Once the blackout is over in mid-April you can submit any claims incurred during 2026.

Yes, if you only have a Limited Purpose FSA or Dependent Care FSA you got a new card from Bank of America and are required to set up new login credentials.

Note: Those of you with HSA and FSA accounts will receive more than one card. The first card is for your HSA only. Once the FSA blackout completed (4/24/26), another debit card was sent to you that you can use for both accounts. Once you receive this 2nd card, you may activate and then discard the HSA only card.

No. You can only make mid-year changes to your FSA if you have a qualifying life event. The separation of Honeywell Aerospace itself does not allow you to make a change.

Yes, the transition of 401(k) balances to new Honeywell Aerospace plans occurred on 3/31 for all Honeywell Aerospace employees, including nonunion and union employees of FM&T, and Puerto Rico.

Yes, you can access your new plan account using the same ID/password that you used for your Honeywell 401(k) plan.

Yes, the 401(k) percentage match remains the same for both Honeywell and Honeywell Aerospace.

Because Aerospace will cease to be affiliated with Honeywell following the Spin-Off, investments into the Honeywell Common Stock Fund will be frozen as of 4:00 p.m. Eastern time June 26th, 2026. Matching contributions moving forward will be made in units of the Honeywell Aerospace Common Stock Fund instead of the Honeywell Common Stock Fund.

No. After June 26th, the HON Common Stock Fund within the Honeywell Aerospace 401k Plans will be closed to new investments. As a frozen fund, you will be able to transfer/distribute out of this fund and invest elsewhere, but you will not be able to add funds to the HON Common Stock Fund.

Following legal spin on June 29th, there will be a short restriction period where you will temporarily be unable to elect a distribution or exchange out of the HON Common Stock Fund. We anticipate the Restriction Period to last only a few business days, after which you will be able to take distributions from the frozen HON Common Stock Fund if you so choose.

The Honeywell Aerospace (HONA) Common Stock Fund will be the new company stock fund in the Honeywell Aerospace 401k Plans effective June 29th.  All the Plan terms that previously applied to the Honeywell Common Stock Fund under the Honeywell Aerospace 401(k) Plan (restrictions, ability to take in-kind distributions, voting and tender rights, dividend payments, etc.) will apply to the HONA Common Stock Fund.

Once the restriction period post-spin is lifted, you will have the opportunity to transfer funds from other investments in the 401k plan lineup into the HONA Common Stock Fund. You may also choose to change your future investment elections on the NetBenefits website to include the HONA Common Stock Fund. If you had previously elected to invest in the HON Common Stock Fund a part of your investment election strategy, you will need to elect the HONA Common Stock Fund as an investment election. It will not be automatically elected for you.

HONA is the new ticker symbol for trading Honeywell Aerospace stock effective June 29th.

Honeywell shareholders of record as of the close of business on June 15, 2026 (the “Record Date”) will receive a stock dividend based on a ratio of one share of Honeywell Aerospace Inc. common stock (ticker symbol HONA) for every two shares of Honeywell common stock (HON).

Yes, if you wish to move funds out of the HON Common Stock Fund after the Restriction period is lifted, you may do so by connecting with Fidelity online or by phone to sell your HON Common Stock units and move them to other funds in the Honeywell Aerospace 401(k) Plan’s lineup, including the new Honeywell Aerospace Common Stock Fund.

No. The HON Common Stock Fund will only remain in the Honeywell Aerospace 401(k) Plan temporarily. After approximately 1 year from the Spin Date, also called the Sunset Period, any remaining shares that you have in the HON Common Stock Fund will be liquidated and reinvested in the Honeywell Aerospace Common Stock Fund automatically, without action by you.

Yes, for those with a pension benefit under HON, your benefits will be transferred to Honeywell Aerospace when the official separation (hard spin) occurs. Until that date, you can continue to view information on your pension benefit through the Honeywell Benefits Center.

Yes, the pension benefits you have accrued are protected by the PBGC (Pension Benefit Guaranty Corporation) of the federal government. By law you cannot lose benefits that you have already earned/accrued.

We expect that pension benefits will remain the same immediately following the spin. After the spin is complete, each separate company and its respective retirement plan fiduciary committee will make decisions about the plans independently.

Yes, your years of service will be honored.

Yes. If your pension benefit is fully vested as of the spin-off date, it will remain fully vested after the transaction.

There are no changes to pension formulas as part of the spin. Employees will remain in their current formula, and accrual calculations will continue as they do today.

Through 2026, there will be no changes. After the separation, future decisions will be made independently by the Honeywell Aerospace and Honeywell benefits teams as part of their ongoing strategic planning processes. Each company will continue an annual review of benefits.

You can view, and print, your payment details by navigating to the “Pension” tab on the Honeywell pension website or by calling the Honeywell Benefit Center prior to the spinoff. After the spinoff, you will not have access to the Honeywell pension plan (either by accessing the Honeywell pension plan website or by calling the Honeywell Benefit Service Center).

Post spinoff, contact the Honeywell Aerospace Benefit Service Center at 1-833-205-6020, or visit the Aero website to request any information, or documentation, about of your pension benefit.

No, all pension benefits will be transferred to a Honeywell Aerospace pension plan for all former employees, and their beneficiaries, who are identified as part of the Honeywell Aerospace business.

Honeywell will transfer assets and liabilities to the respective Honeywell Aerospace pension plan so that they will be more than fully funded on or about the spinoff date. As a result, Honeywell Aerospace’s pension plans will start out with assets greater than their respective liabilities. While we cannot guarantee financial performance of the investments, Honeywell Aerospace’s pension plans are expected to have no contribution requirements for several years after the spinoff using current actuarial assumptions.

Honeywell Aerospace will be solely responsible for making required or desired contributions to their pension plan/s after the spinoff date.  Honeywell Aerospace fully intends to follow the strict legal requirements regarding the funding of U.S. pension plans. Honeywell Aerospace anticipates that funding levels will remain sufficient to pay all pension benefits as they come due.

The funds for Honeywell Aerospace pension plans will be held in a trust for the exclusive purpose of funding pension benefits for the Honeywell Aerospace plan participants. Honeywell Aerospace cannot use or access the U.S. pension plan assets for any other purpose while participants and their beneficiaries are due benefits.