Ready to Make the Most of Your Shell Benefits?

Financial Planning for BMC 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
Job Insecurity

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

Are you unsure about your future at Shell, or wondering how an untimely layoff could impact your financial big picture? We will help you evaluate your current financial situation, set and/or reconsider your goals, and help determine how you can optimize your financial outlook.

Being Recruited?
Being recruited to a new company is an exciting opportunity, but how can you know if it’s the right move – for your wallet and your health? We can help you map out the difference in value between your current job and the one you are being offered. Often times, 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 decided to take the job or not, we’ll help you optimize your elections from Shell as well as 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.

  • Liability Protection for LLCs
  • Tax Deferral Strategies for Solo 401(k), Sep IRA and Solo Pension Plans
  • Negotiating compensation with an understanding of how consultants get taxed (1099) over W2 employees

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®

PRESIDENT & CEO
713-439-1200
wjohnson@wjohnsonassociates.com
https://www.linkedin.com/in/willis-johnson-10589114/
Thoughts From Willis:
Are You Ready for the Big Game? How to Avoid Financial Planning Risks and a Nail-Biting Finish Market Corrections Revisited and the Lessons We Learned

Willis Johnson serves as the president and CEO of Willis Johnson & Associates. As a Certified Financial Planner®, Mr. Johnson provides a full complement of financial services to individuals as they go through the transitions in their corporate life. Most corporate professionals will retire once in their life, but Mr. Johnson has assisted hundreds of clients to navigate through the retirement process over the course of his career.

In the span of over 35 years, Mr. Johnson has honed decades of experience assisting clients as they struggle with almost every important financial decision you can imagine. He has helped these corporate professionals to overcome their emotions and objectively assess their available options.

Mr. Johnson’s ability to listen to his clients’ motivations, paired with his acquired wisdom enable him to guide clients down a retirement path that maximizes their benefits while taking advantage of their unique opportunities along the way. Mr. Johnson considers himself both a financial advisor and a life counselor as he assists his clients in prioritizing their personal needs, offers realistic advice, and accompanies them on their path to financial success.

During his 35 years as an advisor, 13 years with a national financial advisory firm and 22 years as a principal at his own firm, Mr. Johnson implemented exclusive estate and financial planning techniques. His structured methodology-- customized for each client-- is still the basis of his approach today.

Building grounded, long-term relationships while understanding client objectives and goals is the foundation of Willis’ success as a Certified Financial Planner® professional. Mr. Johnson received a Bachelor of Business Administration in accounting from the University of Houston. He also practiced with a national CPA firm before obtaining his CFP® designation.

Nick Johnson, CFA®, CFP®

VICE PRESIDENT
713-439-1200
njohnson@wjohnsonassociates.com
https://www.linkedin.com/in/nick-johnson-cfa®-cfp®-585bb716
What Nick’s Reading
How Waiting 15 Days to Retire May Save You $50,000 in Taxes on Your BRP Payouts What You Need to Know When Contributing to Your Company’s 401(k) Plan

Nick Johnson CFA®, CFP® believes that financial planning is more than numbers on a balance sheet and a standardized process. People are unique and should be treated as such. As vice president and wealth manager at Willis Johnson & Associates, Nick’s goal is to develop a solid understanding of his clients while providing a proactive approach to comprehensive wealth management.

Nick is responsible for monitoring the financial health of his clients and providing timely updates regarding changes to their financial plans. To effectively monitor a client’s financial well-being, an advisor must have a firm grasp of the life passions and/or goals specific to that individual. It is Nick’s job to initiate productive conversations where he can combine his own financial planning wisdom with the unique emotional elements of a corporate professional’s life.

Overall, Nick measures financial planning success by his ability to help corporate professionals maximize their hard-earned money. However, Nick considers himself successful as an advisor when clients naturally turn to him for financial advice as they would like a trusted family member or close friend. In addition to serving as an advisor, Nick serves an integral role as a member of Willis Johnson & Associates Investment Committee.

The Investment Committee makes all of the decisions in regards to asset allocation, style/theme distribution, and security selection for their client portfolios. Nick’s strong analytical skills, dedication to the fundamentals of investing, and Chartered Financial Analyst designation bring unique insight to their investment decisions.

In school, Nick always had a passion for analytic research and analysis but found within himself the need to balance that with personal connections. These desires led him to pursue a dual major in finance and drama, along with a minor in economics from Trinity University. He thrived in the finance and economics classes, often finding himself leading study groups and teaching concepts that came easily to him.

While concurrently studying finance, Nick spent most of his free time in the theater department working on over 40 stage productions both in the department and the community at large. This in-depth study of the humanities let him deepen his understanding of the motivations and inter-workings of people, a skill he uses very much to this day.

After graduating from Trinity University, Nick began working as an investment analyst at Willis Johnson & Associates He started his studies for the CFA® exam during this time as well. After gaining experience on the investments side, researching funds, tracking investments, and trading large blocks of client accounts, he moved over to the financial planning arm of the company and later transitioned into a financial advisory role.

In addition to being a CFA®, Nick earned his designation as a CERTIFIED FINANCIAL PLANNER™ after completing the board’s preliminary financial planning experience requirements and certification exam in April 2018.

Nick is a Houston native and uses his passion for learning to inspire the personal and professional development of the city’s working professionals and executives. He believes in the power of education to impact both the individual and their community by enabling more informed decision making in terms of their careers, their money, and most importantly, their life goals.

Nick is a strong proponent of continued education, which is reflected via his heavy investment in his personal career, the careers of the WJA team, and the lifetime careers of the clients he serves.

During his free time, Nick lectures as an adjunct professor at the University of Houston Bauer College of Business, is involved in the CFA® Professional Mentorship Program, and is an active participant in the University of Houston Bauer College of Business’s SURE Program, which fosters a partnership between students and Houston’s business thought leaders and aspiring entrepreneurs from under-resourced communities.

When he’s not teaching or being taught, Nick enjoys spending time outdoors and embarking on weekend rock climbing excursions across the states.

Alexis Long, MBA, CFP®

WEALTH MANAGER
713-439-1200
along@wjohnsonassociates.com
https://www.linkedin.com/in/alexishazellong/

Alexis Long is currently a wealth manager with Willis Johnson & Associates, which allows her to meet people from diverse backgrounds with different goals and to assist them in reaching those goals as efficiently as possible.

For Alexis, financial planning combines her interest in producing detail-oriented financial plans with a desire to help people reach their goals, whether it be retiring early, paying for their grandchildren’s educations, buying a second home, or leaving a legacy for their children. Understanding what is truly important to a client is key to good financial planning, along with providing solid technical advice.

Previously, Alexis worked at another wealth management firm which was her first job in the financial planning and advising industry. She was able to learn the basics of financial planning from the ground up and quickly expanded her knowledge as a paraplanner.

After graduating with a BBA from Texas Tech University, Alexis held positions ranging from real estate to bankruptcy law while searching for her true career passion. It was not until her attendance in the MBA program at the University of Saint Thomas that she started learning more about the financial planning and advising industry. Alexis recognized financial planning and advising was the career that best suited her.

Jason Mishaw, MSF, CFA®

WEALTH MANAGER
713-439-1200
jmishaw@wjohnsonassociates.com
https://www.linkedin.com/in/jasonmishaw/

As a wealth manager at Willis Johnson & Associates, Jason Mishaw is actively involved in both the financial planning role and the investment management role. On the financial planning side, he helps to implement customized financial plans for WJA clients that maximize tax efficiencies through retirement and estate planning.

On the investment management side, under the supervision of a senior wealth manager, he assesses the financial goals of WJA clients by considering income generation and risk tolerance, and assists in creating a customized strategy to further those goals.

Jason first gained experience in the asset management world during his internship at Merrill Lynch, where he gained initial exposure to active portfolio management. He began to see the value that he could provide for clients in establishing proper allocations among asset classes based on their risk tolerance. He also began to see the value of model-based investing that removes the element of emotion from the investing process.

Jason received a Master of Science degree in finance from the University of Houston C.T. Bauer College of Business. He received a BA in economics and a BS in biochemistry and cell biology from Rice University.

Bobby Cope, MS

ASSOCIATE WEALTH MANAGER
713-439-1200
rcope@wjohnsonassociates.com
https://www.linkedin.com/in/robert-p-cope-m-s-a6673b74/

Robert (Bobby) Cope joined Willis Johnson & Associates as a financial paraplanner in May of 2017 after recently graduating from the University of Alabama. For Bobby, entering the financial planning profession allows him to both assist the associate wealth managers of the firm in handling daily operations, and, more importantly, assist clients in various facets of their lives as they prepare for retirement.

During college, Bobby interned with Prospera Financial, a broker-dealer based in Dallas, which ultimately led to his decision to enter the wealth management profession in a financial planner position, specifically with a fee-based RIA as opposed to a traditional brokerage operation.

Bobby liked the idea of pursuing an opportunity where he could spend time working under experienced wealth management professionals and learn aspects of the industry that cannot be taught in a classroom.

While he has every intention of moving from the paraplanner role into the wealth manager role (sooner rather than later), he did not feel that he was ready to effectively add value to client’s lives by taking on the financial advisor role offered by so many traditional brokerage firms.

Rather than focusing on gathering assets, he wanted to begin his career path with the opportunity to focus on the technical planning side, before moving more into addressing clients directly face-to-face as an advisor.

Bobby graduated Summa Cum Laude from the University of Alabama Honors College in May of 2017. He completed a dual degree program that awarded him an M.S. in Human Environmental Sciences, with a concentration in Family Financial Planning and Counseling, as well as a B.S. in Human Environmental Sciences, with a concentration in Consumer Sciences. At Alabama, Bobby was a member of Delta Kappa Epsilon social fraternity, as well as many other groups and honor societies on campus.

In his spare time, Bobby enjoys playing golf, despite his unfortunate chipping ability. He likes to clear his head while jogging, throwing a baseball, and spending time with friends. When he is back in Birmingham, he enjoys spending time with his family and attending the church where he grew up.

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

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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.