The built-in lens profile, according to Adobe, does handle chromatic aberration, distortion and vignetting. It is easy to see for Z50S files opened in Capture NX-D (the free download at Nikon) that there is visibly some barrel distortion and some vignetting, both being corrected after settings are changed from off to auto.
Chromatic aberration correction didn't do that much (for the limited number of files I examined).
B.t.w. Capture NX-D respects the camera settings; it takes over both settings for distortion and vignetting.