Miscellaneous income etc.

Retired half a year or so, I just got in the mail a surprise Honeywell JP Morgan Chase Bank paper check for about $2K minus taxes for who-knows-what. No included explanation, with "HSOPSSP" and "Fair Mkt Value Shr" on the pay stub.

While I was in Aero, my head was unfortunately in too much of a swirl to stay on top of the miscellaneous benefits, stock options, whatever. I should have made sure I got everything together before I left, although in fairness, I did not get much notice.

I do see a (quite modest) Honeywell-provided Morgan Stanley account. As best I can tell, that is from the 2006 Stock Incentive Plan that vested in 2010 that has been making me declare a dollar or two in dividends every year on my taxes, but that account appears unchanged by this check.

Does anyone have any insights on that check that I just received, or into any other miscellaneous salary and MIP add-ons (Band 4 in my case) that I (and maybe others) need to track down and clean up?

I can call Honeywell, and get an appointment to talk to someone in a couple weeks, but the informational comments on this site are so often of great value, and I thought this might be of general interest, thanks.

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Ah, I wondered about that “Fair Market” portion that was included in the stub figures but somehow left out of the check. Thanks, Anonymous @3uaf+19agfl9E.

You will also get a notification from Wells Fargo that the Fair Market portion is stocks that will be deposited to a Wells Fargo account in a couple of weeks.

Looks like it was in fact the supplemental savings plan that I had thought was just wrapped into the rest of the 401K. Thanks, Anonymous @2itw+19agfl9E

This is the scam that made Milton Waddams rich in Office Space. Be leery.

I had the same thing. It was a supplemental savings plan that took contributions when you made more than was allowed at the time for the full 401K contributions.

The quantum computer was installed and discover restructuring cost rounding error to the 4 decimal associated with 140,000+ US jobs transferred to off shore sites since 2006.

After stock options and bonuses to executives, here is your $2,000!

During one of the many downturn cycles, where there was no funding pool for raises or incentives (MIP), Aerospace provided the senior staff / managers a small stock incentive to be realized several years later if you were still with the company.

Your forgotten money has grown well, but you could have done better. For comparison, by leaving it alone as Honeywell stock for 10 years, it has grown roughly 4X. If you put that money into Netflix in 2010, it would have grown 53X in that same time.

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Miscellaneous income etc.

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