The Shell Provident Fund (SPF) is Shell’s savings plan for U.S. employees and is one component of your Retirement Readiness. Although Shell contributes to your SPF account based on your years of service, it is important that you contribute a portion of your pay as well.
Employer Verified Available to US-based employees (Change location)
good match that increases with time
they match well your contributions as an intern
10% company contribution after 10 years
401K Plan (US Based Staff) Company contributes a percentage of salary (based on years of accredited employment) regardless of whether or not employee makes a contribution. 0 - 5 years: 2.5% 6 - 9 years: 5.0% 10+ years: 10.0% The 401K is administered through Fidelity, and there is a wide array of investment options. Via Fidelity’s BrokerageLink option, you can select nearly any investment product (stock, bond, fund, option) typically available to retail investors. In addition to pre-tax and Roth contributions, Shell allows for After-Tax contributions up to a limit. This limit is typically calculated as half the 401K total max limit as set by IRS ($56,000 in 2019) less the pre-tax/Roth contribution limit as set by the IRS ($19,000 in 2019). For example, in 2019 an employee could contribute $9,000 in After Tax contributions in addition to $19,000 in pre-Tax/Roth contributions. $56,000 / 2 = $28,000; $28,000 - $19,000 = $9,000 This enables the option for a “Mega Back Door Roth” within the 401k Plan. In addition to the aforementioned, Shell maintains a Benefit Restoration Plan (BRP) so that if your entitled company contributions would exceed IRS limits, the money is channeled into a separate fund and paid at a later date as taxable deferred compensation. Overall, this 401k Plan is above average when compared to competitor plans both within Oil and Gas, and across industries. //SLRA
Full match on 401K and pension
good 401K plan available for employees.
The best think about the 401 K is the company matching.
Low in the early years but increased above 7% in the later years.
10% company donation with no matching required after 10 years. 2.5% after a year and 5% after 5 years no matching required
they match your contributions up to a certain percent