Decode Your BP Benefits: The ESP, EBP, and SVP Optimization Blueprint

Extract Maximum Value from Your BP Benefits

During this webinar, Abrin will show you how to:

• Master ESP Contribution Strategies. Understand the difference between pre-tax, Roth, and after-tax contributions, and learn which strategy works best for your tax situation.
• Navigate the Excess Benefit Plan (EBP). See how BP's 7% company match extends beyond the 401(k) limits through the non-qualified EBP and what this means for your total savings.
• Execute the After-Tax Rollover Strategy. Discover how to contribute after-tax dollars to your ESP, then convert them to tax-free Roth growth.
• Understand the Roth Catch-Up Requirement. If you earn over $150K and are 50+, learn why your catch-up contributions must go to Roth and how to plan accordingly.
• Optimize Your BP Stock Holdings. Learn about Net Unrealized Appreciation (NUA) strategies that can save substantial taxes on concentrated BP stock positions.
• Diversify Your Share Value Plan. Understand SVP vesting schedules and when to consider diversifying your holdings through tax-efficient strategies.
• Implement Backdoor Roth Strategies. Access Roth IRA contributions regardless of your income level, and navigate the pro-rata rule that trips up many high earners.

Walk away knowing your exact contribution amounts, rollover timing, and account priorities to maximize your BP benefits package. You'll have a clear roadmap for using tax-advantaged accounts, avoiding the most common costly mistakes, and positioning your retirement savings for tax-efficient growth.

If you’ve built a career at BP, you should ensure you’re building a retirement future using the options it provides. Don't wait to save. Watch now by filling out the form. 

Do you know someone at BP looking to save and invest more effectively?
Share this with a colleague.