Such payments may be made by a contributing Employer at any time, but payment of the contribution for any Plan Year shall be completed on or The Plan Administrator shall provide each Participant entitled to a distribution of more than $1,000 with a written notice of his rights, which shall include an explanation of the alternative dates for distribution of By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. contribution shall be made regardless of whether or not it is deductible in whole or in part in any taxable year under applicable provisions of the Code. of the Investment Fund shall be credited or charged, as the case may be, with a share of the earnings of the Trust Fund attributable to the Investment Fund for the Valuation Period ending with such current Valuation Date. (c) any distribution on account of Hardship. 1.32 Limitation Year shall mean the 12-month period ending on each December31. The account balance of any Participant shall not be taken into account if: (a) he is a Non-Key Employee for any Plan Year, but was a Key Employee for any prior Plan Year, or. Securities subject to the right of first refusal (whether or not such person received such securities from the Trust or as a result of a gift, a pledge or otherwise) desires to sell such securities, or any portion thereof, such person shall provide beneficiary or all such beneficiaries shall predecease the Participant, then the Participants surviving Eligible Spouse, and if none, then the estate of such Participant shall be deemed to be the beneficiary designated to receive such death (3) The earnings attributable to Participants Other Investments Accounts shall not balance or contribution that is not the Participants Vested Interest. 6.3 Participant Contributions Not Permitted. transfer, appropriate, encumber, commute, anticipate or otherwise alienate his interest in this Plan or the Trust or any payments to be made thereunder; no benefits, payments, rights, or interests of a Participant or beneficiary of a Participant of simply don't have faith that they won't further decline in value. Any penalties will depend on your age. www.publix.com. What was your experience using your profit plan stock as a down payment. The Trustee shall have no right or duty to inquire into the amount of any contribution made by an Employer or the Service for each twelve (12)continuous months of service commencing with his most recent employment commencement date prior to October1, 1975, and ending October1, 1975. In the event that a Participant does not consent to a distribution of a benefit in excess of $1,000 to which he is entitled under section 8.1, 8.2, or 8.3, the Then log in to Publix Stockholder Online > Account Tools > Uncashed Checks and click Request Replacement and follow the instructions on the form.. You can also fax or mail a letter of instruction to Publix stockholder services that includes the. Box 32040 Lakeland, Florida 33802-2040, Corporate address 3300 Publix Corporate Pkwy Lakeland, Florida 33811-3311, Phone numbers Telephone: (863) 688-7407, ext. five-percent owner of an Employer or nonparticipating Affiliate, or a one-percent owner of an Employer or nonparticipating Affiliate having annual compensation of more than $150,000. 2007, except as may be otherwise noted herein, by Publix Super Markets, Inc. (the Company). in unfairly benefiting one Participant or group of Participants at the expense of another or in improperly discriminating between Participants similarly situated or in the application of different rules to substantially similar sets of facts. to the Participants and others hereunder. the first day of the Plan Year in which he completes a Year of Service after a One Year Break in Service. Employees Anniversary Date in which an Employee has 500 or fewer Hours of Service, and it shall be deemed to occur on the last day of any such year. hundred eighty (180)days after the application is filed with the Administrator; and, in the event that no action has been taken within such ninety (90)or one hundred eighty (180)day period, the claimant shall be permitted to (a) Except as otherwise required in the Trust, for purposes of all computations required by this ArticleVII, the accrual method of As you know, Publix is the largest employee owned supermarket in America. (e) effective January1, 2008, contributions allocated pursuant to Code Section415(l)(1) to any individual How and when you can take from 401 (k) is determined by the IRS. reported by the National Association of Securities Dealers Automated Quotation System (NASDAQ), or NASDAQs successor, or if not reported on NASDAQ, the fair market value of the securities as determined in good faith and based on We would like to show you a description here but the site won't allow us. for matters beyond the control of the Administrator, including cases where a claim is incomplete. form, and the notice of the denial shall include the specific reasons for the denial, the specific Plan provisions on which the denial is based, a description of any additional material or information necessary for the claim to be granted, an distribution is in excess of the amount required to relieve the financial need or to the extent such need may be satisfied from other resources that are reasonably available to the Participant. distributions made to the Participant from, the Participants Accounts subsequent to such Valuation Date. From time to time, the Administrator shall furnish to each Participant a statement containing the value of his interest in the Trust Fund and such other information as may be required by law. Plan Administrator. I know taking money out for a downpayment counts as a hardship withdrawal and 30 percent of it will have to be paid back in taxes. from time to time (as amended to date, the Plan); and, WHEREAS, the Company is authorized and empowered to amend the (b) A person who has satisfied the eligibility requirements of this Article V Stock Certificate. given hereunder, hours worked by such Employee shall be deemed to be forty (40)hours for any week ending prior to March20, 2004. Participants Accounts subsequent to such Valuation Date. electronic notice of any extension, including the reasons for the extension and the date by which a decision by the Plan Administrator is expected to be made. (3) Employer Securities purchased, directly or indirectly, with the assets of the 1.42 Section 415 Suspense If such an extension is required because of special circumstances, written or electronic notice of the extension shall be furnished to the claimant prior to the commencement of the extension. The profit sharing plan is funded with year end bonuses. 1.9 Company Stock Any help and advice is greatly appreciated. Register for a Publix Stockholder Online account. Dumb idea. absent from work for a reason related to domestic violence as set forth in Florida Statutes Section741.313; and. on account of a period during which no duties are performed shall not be credited under this section 1.29(a)(2) to the Employee if such payment is made or due under a plan maintained solely for the purpose of complying with applicable workers 15.5 Alternative Actions. Employee Stock Ownership Trust, as it may be amended from time to time. paragraph (a), in the event that a Participants employment with his Employer is terminated by reason of his death, he shall not become fully be reallocated as of the end of the next Plan Year and any succeeding Plan Years until all amounts in the Section415 Suspense Account are exhausted. Plan. such an absence. (2)the Participant had reentered the employ of an Employer but had not yet become eligible to resume participation in the Plan under section 5.3 at the time of his termination. exceed twelve (12)weeks reduced by any time for which the Employee receives sick pay from an Employer or an Affiliate for the FMLA leave; (B) any time for which an Employee is on an unpaid military leave, which period shall not exceed twelve (12)weeks; (C) any time for which an Employee is absent from work due to a workers compensation injury, which period shall not exceed fifty-two (52)weeks reduced by any time for which the Employee receives sick pay For purposes of determining each Participants share of the Employer contribution, Forfeitures and additional contributions for the Plan Year ending year is the calendar year immediately preceding the calendar year which contains the Participants required beginning date. That's my plan :). and restate the Plan to reflect statutory and regulatory modifications and to make other desired changes. (b) any former Employee who separated from service (or was deemed to have separated from service) prior to the Plan Year and performs no If the Participant Crediting of an Hour of Service for back pay awarded or agreed to with respect to periods described in section1.29(a)(2) shall be subject to the limitations set forth in Eligible Retirement Plan specified by the Distributee. Medallion Signature Guarantee. defined in Section414(p) of the Code, should die before receiving the entire balance under the Accounts established for such alternate payee, then the balance in his Accounts as of the Valuation Date immediately preceding or concurring with assets of the Trust Fund, shall be charged solely against, and paid solely from, the Investment Fund. The Trust may from time to time be amended in the manner therein provided. than such Employer that is a member of an affiliated service group, within the meaning of Section414(m) of the Code, of which such Employer is a member; any other organization that is required to be aggregated with such Employer under 14.2 Amendment of Plan. All such Vested Interests shall be nonforfeitable. (b) Within ninety (90)days after the close of the second, third, fourth and fifth Plan Years (b) At the election of the Participant, the Plan Administrator may transfer the amount of any Participants Eligible Rollover may arise as to the status and rights of the Participants and others hereunder. A hardship withdrawal authorized for and received by you but no longer needed to satisfy the financial hardship for which you requested the withdrawal must be refunded to the Plan by returning the withdrawal to the Plan Administrator (Publix). Press question mark to learn the rest of the keyboard shortcuts. Im looking to move to a state without Publix soon, so Ill have to retire from Publix and get a job somewhere else. Employer or any Affiliate and the aggregate Annual Additions to such plans, under the normal administration of such plans, would otherwise exceed the limits provided by law, then the Plan Administrator shall take such actions, applied in a uniform (b) Unless the Participant Plan Year in which this Plan is a Top Heavy Plan, a Participant who is employed by an Employer on the last day of such Plan Year, who is a Non-Key Employee, who earns Compensation from an Employer for such Plan Year shall be entitled to share in the (b) Notwithstanding the provisions of section 1.29(a), each Employee who was employed by the Company, Publix Food Stores, Inc., or Publix Market, Inc. on October1, 1975, shall be credited with one thousand (1,000)Hours of Participants retirement, disability, severance of employment or death, as the case may be. When Employees are affected by a significant natural disaster, also known as an Act of God, the Administrator may temporarily expand the provisions of this section 11.2 to allow Participants, who are active Employees is issued written notice of the amendment by his Employer or the Plan Administrator; or. Then log in to Publix Stockholder Online > Account Tools > Sell Stock and follow the on-screen process to complete and print the required form. 1.7 Code shall mean the Internal Revenue Code of 1986, as amended, or any costs due at closing for the purchase of a Participants primary residence. Section502(a) of ERISA, and, if applicable, a copy of any internal rule, guideline, protocol, or similar criterion that was relied upon in making the adverse determination on the claim, or a statement that an internal rule, guideline, remuneration included in wages based on the nature or location of the employment or the services performed), together with any amount that is contributed by an Employer at the election of the Employee and that is not includible in the gross income Participants Company Stock Account and/or Other Investments Account established pursuant to section 7.2 with respect to Employer contributions made pursuant to ArticleVI, and shall include amounts credited to the account of a Participant For its services, any corporate Trustee shall be entitled to receive reasonable compensation in accordance with its rate schedule in effect from time to time for the handling of a retirement trust. December31 and such other date(s) as may be selected by the Administrator for such purpose. our customers and associates and continue remaining deeply dedicated to customer service and community involvement, and being a great place to work and shop. that section; (4) an hour for which an Employee is on an unpaid leave of absence or during a similar that will be distributed for each distribution calendar year during the Participants lifetime is the lesser of: (1) If you have reached retirement age you just pay normal taxes, but if you cash out before retirement age you will pay both taxes and penalties. be granted an option to put any of the units of such Employer Securities to the Company. This Plan and the Trust are intended to qualify under the Code as a tax-free employees plan and trust, and particularly as an employee stock ownership plan within the meaning of Section4975(e)(7) of the Code, and the is hereby amended and restated in its entirety to read as follows: 1.1 1.29(a)(5), as the case may be, and under this section1.29(a)(3). (a) expenses of uninsured medical 4.6 Conflict in Terms. care that are not elective cosmetic in nature incurred by the Participant or his spouse or children or necessary for such persons to obtain such uninsured medical care. buy-sell or similar arrangement while held by and when distributed from the Plan. (2) The Hours of Service to be credited to an Employee under the provisions of section 1.29(c)(1) are the Hours of Service that otherwise Commissioner. I am currently waiting on the actual transaction to take place, but taking a 60 day roll over option would avoid all the taxes and penalties. of any further benefit under this Article. In the tax year 2021 for single taxpayers, these range from 10 percent for income up to $9,950 and to 37 percent for income over $523,600 . WHEREAS, the Company has previously adopted the Publix Super Markets, Inc. whole or in part; provided, however, that no such amendment: (a) shall have the effect of vesting in any Employer, directly or indirectly, any interest, ownership or control in any of the present or subsequent funds held subject to the terms of the Trust; (b) shall cause or permit any property held subject to the terms of the Trust to be diverted to purposes other than the exclusive benefit of the Participants and their beneficiaries or for the administrative expenses of the Plan is not so includible. About Publix Publix FAQs Stockholder Selling Stock Stockholder Address Changes Beneficiary/Transfer on Death (TOD) Dividends Medallion Signature Guarantee Publix Stockholder Online Purchasing Stock Selling Stock Stock Certificate Tax Information Transfer Agent Transferring/Gifting Stock Selling Stock FAQ How do I sell stock? The Administrator shall determine period ending on the most recent Anniversary Date prior to such termination, or. Notwithstanding the preceding provisions of this section 7.4(f), for each determining the average hours worked by a non-exempt, hourly-paid, part-time Employee for an Employer or an Affiliate during the fifty-two (52)week payroll period immediately preceding the unpaid period for which Hours of Service are being Plan provisions on which the determination is based, a statement that the claimant is entitled to receive, upon request and free of charge, access to, and copies of, all documents, records and other information relevant to the claim, a description all relevant factors; provided, however, that the Fair Market Value of Employer Securities not readily tradable on an established securities market shall be determined by an independent appraiser as required by Section401(a)(28)(C) of the (a) Any Employee of an Employer shall be eligible to become a Participant in the Plan upon completing one Year of Service. hereunder, to change any provision relating to the administration of this Plan and to change any provision relating to the distribution or payment, or both, of any of the assets of the Trust. of any voluntary appeal procedures offered under the Plan, the claimants right to obtain information about such procedures, a statement regarding the claimants right to bring a civil action under Section502(a) of ERISA, if Company or, when required by the context, the board of directors of an Employer other than the Company. Press J to jump to the feed. references to pertinent provisions of the Plan on which the denial is based, a description of the material information, if any, necessary for the claimant to perfect the claim, an explanation of why such material information is necessary, a Section 403(b) or governmental Code Section 457 plan. pursuant to a Qualified Domestic Relations Order as defined in Section414(p) of the Code shall be entitled to receive payment of such benefits at the time specified in such order, whether or not the Participant has attained his earliest Many financial solutions. 4.1 Administration of the Plan. Box 32040 Lakeland, Florida 33802-2040 Corporate address 3300 Publix Corporate Pkwy Lakeland, Florida 33811-3311 Phone numbers Telephone: (863) 688-7407, ext. Trust (with respect to all Employers if it is the Company, or with respect to itself alone if it is an Employer other than the Company), completely or Employee Stock Ownership Plan, which has been amended The Plan Thank you for any help. 15.7 Veterans Reemployment Rights. Retired. Account or Accounts shall mean, as required by the context, the entire amount held from time to time for the benefit of any one Participant, or the portion thereof attributable to a party bound by the put option is prohibited from honoring it by applicable federal or state law. Will I still be required to print, sign and mail forms for managing my Publix stock account? The Account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the (3) If any such Employer Securities are publicly traded without restriction when distributed, but cease to be so traded within fifteen (15)months after distribution, the Company shall notify each holder of such I simply don't have faith that they won't further decline in value and as someone fresh out of college I could use the quick cash infusion. They can send you the forms to cash out. (2) Distribution calendar year shall refer to a calendar year for which a minimum distribution is required. Plan, originally adopted as of October1, 1974, as a stock bonus plan with employee stock ownership plan features, is hereby amended and restated this 22nd day of January, 2008, but is effective for all purposes as of January1, 1.4 Anniversary Date But, the next time you travel to Florida, Georgia, Alabama, South Carolina, North Carolina, Tennessee, or Virginiamake sure you visit the store where shopping is a pleasure during your stay. such restoration to be made from Forfeitures and, if necessary, by contributions of his Employer. Im super stressed. (4) for persons employed by Care Systems Corporation acquired by the Company on December27, 1996, service with such predecessor employer if such person became an Employee of the Company on December28, attributable to the Plan Year ending September30, 1990. 14.1 Restrictions on Amendment and Termination of the necessary to enable it to carry out its duties in that respect. Currently, we are not able to service customers outside of the United States, and our site is not fully available internationally. value of the Trust Fund as of the date of termination, each affected Participant or the beneficiary or beneficiaries of any such Participant shall be entitled to receive, in a lump sum, any amount then credited to his Accounts. under the terms of the Publix Super Markets, Inc. Profit Sharing Plan at the time of the merger of that plan with this Plan effective as of the close of business on December31, 1999. 6.6 Inclusion of Ineligible Employee. 5.1 Current Participants. Payment of the purchase price shall be made by the Company, at the election of the Company, either in cash within thirty (30)days after the date of exercise or by an installment purchase. Distribution. permitted under the Employee Plans Compliance Resolution System maintained by the Internal Revenue Service. If such notice is given after the tenth (10th)day after the date such Publix Stockholder Tax FAQs | Publix Super Markets Home About Publix Publix FAQs Stockholder Tax Information Stockholder Address Changes Beneficiary/Transfer on Death (TOD) Dividends Medallion Signature Guarantee Publix Stockholder Online Purchasing Stock Selling Stock Stock Certificate Tax Information Transfer Agent Transferring/Gifting Stock The Plan Administrator (c) In the final Plan Year of the Diversification Election Period, the Participant may elect to receive a 9.1(b)(2)(A) and (B)shall not apply to such Participant. 7.7 Limitation on Allocation of Contributions. death, but in no event later than December31 of the calendar year containing the fifth anniversary of the Participants death. contribution is made to the Trust. The unofficial subreddit for people that like to shop and/or work at Publix super markets. Notwithstanding any other provision of this Article X, no diversification distribution shall be made to any Publix Stockholder Resources | Tools for Publix Shareholders Current Stock Price $13.19 per share Effective Date: November 1, 2022 Stockholder Resources The tools you need, right at your fingertips Publix offers several resources to help stockholders manage their Publix stock accounts. ownership plan is hereby amended and restated in accordance with the terms hereof and shall continue to be known as the PUBLIX SUPER MARKETS, INC. The review of the claim denial shall take into account all comments, documents, records, and other Section408(a) of the Code or an individual retirement annuity described in Section408(b) of the Code. liabilities of the Trustee without its written consent. IN WITNESS WHEREOF, this Amendment and Restatement has been executed this 22nd any act, it shall be done and performed by or at the direction of the Board of Directors of the Company or such other Employer (or the Executive Committee as authorized by the Board) and shall be evidenced by proper resolution of such Board of References to a specific section of the Code shall include references to any successor provisions. Investments Accounts in accordance with the terms of section 9.2 and the Trust. Notwithstanding the foregoing sentence, Employer matching contributions that are used to satisfy the minimum contribution Has anyone ever done this? (3) Employer contribution, Forfeitures, and additional contributions to the extent such allocation does not exceed at least three percent (3%)of his Section415 Compensation regardless of whether such Plan Year constitutes a Year of Service last four digits of the Social Security number for all stockholders on the account, request to stop payment on the lost sales check and reissue a sales check, signature of all stockholders on the account listed in the registration and. beneficiary and shall receive the full amount of the death benefit attributable to the Participant unless the Eligible Spouse consents or has consented to the Participants designation of another beneficiary. For this purpose, annual compensation means compensation within Expenses of Administration of the Plan and the Trust Fund. These millionaires you hear about were around for significant stock splits of 10 to 1 or 5 to 1 during times of great growth in a very different market. 1.43 Top Heavy Plan shall mean this Plan if the aggregate account balances (not including voluntary rollover contributions made by any Participant from an unrelated plan) of the Key Employees We want to make sure you have the most up to date information at your fingertips. 2005, and who became an employee of Publix Employees Federal Credit Union as of January1, 2006, shall be one hundred percent (100%)vested in his Accounts as of January1, 2006. (5) Upon your arrival, you may plan your grocery trips, find weekly savings, and even order select products online at 7.4(c)(1)(B), each Participants average monthly balance in his Other Investments Account shall be equal to the portion of the Investment Fund credited to his Other Investments Account at the commencement of each calendar month. In the event of a permanent with Hours of Service pro-rata based on 40 hours for a full payroll period (one week), and non-exempt, hourly-paid, part-time Employees shall be credited with Hours of Service pro-rata based on a full payroll period equal to the average hours worked (4) on Annual Additions for any Participant would be exceeded before all of the amounts in the Section415 Suspense Account are allocated among the Participants, then such excess amounts shall be retained in the Section415 Suspense Account to the quotient obtained by dividing the amount of the Participants Account balance by the distribution period in the Uniform Lifetime Table set forth in Section1.401(a)(9)-9 of the Treasury Regulations, using the Participants age as (45)days after the application is filed with the Administrator, unless the Administrator determines that an extension of time is necessary to process the claim, in which event the Administrator will provide the claimant with written or Thanks for actually answering the question rather than giving me the corporate line. the Participant that the Participant has a right to a period of at least thirty (30)days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and