Willis Johnson & Associates is not endorsed by nor affiliated with Shell.

Financial Planning for Shell Employees

As a professional at Shell, you probably have several lingering questions about your plans and benefits. By coordinating company benefits with your outside assets, we help you understand each offering so you can maximize your benefits and achieve your personal financial goals.

Provident Fund (Shell’s 401k Plan)

We can help ensure you are maxing out both pre-tax and after-tax in the Provident Fund, annually converting after-tax money from your Provident Fund to a Roth IRA for tax-free growth, and ensuring you have the proper allocation for your goals. In addition, we can coordinate annual backdoor Roth contributions in conjunction with your workplace savings.

Did you know we can actively manage the funds in your Provident Fund? No more “set it and forget it.” No more complex workarounds to adjust your funds. Through Fidelity Brokeragelink® accounts, you’ll gain access to additional funds and our expertise to help guide and actively manage your investments in coordination with your non-company, or outside,-workplace assets. Unlike other ‘advisors’, we don’t push you to roll out to an IRA when it’s not in your best interest.

 

Shell Incentive Plans

We can help you understand the vesting and taxation of awards, guide your savings prioritization plan and strategize on how to best take advantage of your awards while minimizing your taxes.

Are you a letter grade employee with minimum holding requirements? We get it. Let us help you set up a diversification strategy, while ensuring you maintain the required holding of company stock.

  • Performance Share Plan (PSP)
  • Long Term Incentive Plan (LTIP)
  • General Employee Stock Purchase Plan (GESPP)

Shell Health Plans

We can help you understand the tradeoffs of specific plans, maximize your take home pay by optimizing your health care and dependent care FSA accounts, and guide your contributions for health care costs and retiree medical costs in the most tax-efficient manner.

  • Hospital Surgical Medical (HSM)
  • Be Well Kelsey Plan
  • Regional Health Maintenance Organization (HMO)

Shell Protection

We can help you understand each insurance option and decide on a plan that works best for you to ensure you are paying for what you need, but not buying what you don’t.

  • Disability Protection Plan & Income Protection Insurance Program (IPI)
  • Long-Term Disability Program (LTD)
  • Group Life Insurance vs Term

Active Management Inside Your Shell 401(k)

Did you know we can actively manage the funds in your Provident Fund? Through use of a Fidelity Brokeragelink® accounts, you’ll gain access to additional funds, along with our team's expertise to actively manage your investments in coordination with your non-company, or outside, assets.

Hiring, Firing and Layoffs at Shell

Life is full of surprises. They can be especially stressful when they concern your finances and career. If you have been offered a layoff or voluntary severance package from Shell, we can help you understand the critical decisions about company benefits elections and if retirement is a viable option.

Are you unsure about your future at Shell, or wondering how an unexpected layoff could impact your family’s finances? Our team can help you understand the big picture of your finances, your goals and how you can optimize your financial plan.

Being Recruited?

We can help you map out the difference in value between your current job and the one you’re being offered. Oftentimes, it is hard to directly compare the value of two compensation packages. Pensions, deferred compensation plans and stock benefits are just a few of the benefits you may be considering. Whether you decide to take the job or not, we’ll help you optimize your elections at Shell ors at your new company.

Retirement Plans for Shell Employees

Retirement is as much a new personal and emotional chapter and it is a financial one. We’ve been there before with countless other Shell employees. We will walk you through your retirement wealth plan and ensure all elections are handled correctly so you avoid losing any benefits and minimize tax liability.

Provident Fund (Shell’s 401k)

We can help ensure you’re maxing out pre- and after-tax in the Provident Fund, annually converting after-tax money from your fund to a Roth IRA for tax-free growth, and ensure you have the proper allocation for your goals. In addition, we can coordinate annual backdoor Roth contributions in conjunction with your workplace savings.

Do you know we can actively manage the funds in your Provident Fund? No more “set it and forget it.” No more complex workarounds to adjust your funds. Through Fidelity Brokeragelink® accounts, you’ll gain access to additional funds and our expertise to help guide and actively manage your investments in coordination with your non-company assets. Unlike other “advisors,” we don’t push you to roll out to an IRA when it’s not in your best interest.

 

Provident Fund BRP and Pension BRP

We can assist you with your Provident Fund Benefit Restoration Plan (BRP) and Pension BRP, including how these plans are impacted by the timing of your retirement. Sometimes, retiring 15 days later can save you a huge amount of taxes on these plans.

 

Shell Trading Executive Plan

We can help you select the appropriate distribution options to ensure you get your money in a timely manner, while reducing your tax liability by spreading out distributions.

 

80 Point Shell Pension Plan

We can help you make the appropriate decisions about your Shell 80 Point Pension, including whether to begin payments immediately, delay to age 60, and take the 100% or 50% survivorship option.

 

Alternative Pension Formula (APF) Plan

We can help you make the appropriate decisions about your APF Pension Plan. Understanding the tradeoffs between a lump sum or annuity is not the only consideration. When to begin distribution, how interest rates affect the size of the lump sum and understanding this income stream in coordination with your other assets are all important as well.

 

Setting Up Your Consulting Practice

Upon retirement from Shell, many of our clients choose to continue working as a consultant. If you plan to do this, we can help you understand how to structure your finances and retirement to fit your new role.

  • Negotiating Compensation With an Understanding of How Consultants Get Taxed (1099)
  • Tax Deferral Strategies for Solo 401(k), Sep IRA and Solo Pension Plans
  • Liability Protection for LLCs

Am I Ready to Retire From Shell?

When you decide to retire from your position at Shell may impact your retirement payout. Sometimes, it may be in your best interest to wait a few more weeks or even opt to retire just one month earlier. By understanding the payouts and tax implications of your Shell benefits, we can determine a tax-efficient retirement date.

 

Our WJA Shell Advisor Specialists

Willis Johnson, CFP®

CEO

Nick Johnson, CFA®, CFP®

PRESIDENT

Alexis Long, MBA, CFP®

DIRECTOR OF WEALTH MANAGEMENT

Jason Mishaw, MSF, CFA®

WEALTH MANAGER
SCHEDULE YOUR COMPLIMENTARY SHELL OIL BENEFITS REVIEW

Willis Johnson & Associates is not endorsed by nor affiliated with Shell.

Why Willis Johnson & Associates?

Since 1996 we’ve been helping Shell executives and professionals with their comprehensive financial planning needs. Our thorough understanding of the transitions in your corporate life allows us to appreciate where you have been and assist with where you are headed.