Stock Certificate. benefits and the optional forms of benefit available to the Participant. You can manage your PROFIT Plan dividend payment preference (if you want to use an account other than your primary account as shown in PASSport), manage online document delivery preferences and view tax documents in Publix Stockholder Online. under Section401(a)(9) of the Code; and. (e) effective January1, 2008, contributions allocated pursuant to Code Section415(l)(1) to any individual 1.30 Investment Fund shall mean an investment fund established under section 12.2 and quoted on a system sponsored by a national securities association registered under Section15A(b) of the 1934 Act. Does anyone have these documents or know where I can find them? include any appreciation, depreciation, dividends, other income or loss attributable to the Plans investment in Employer Securities. without limitation, brokerage fees, closing costs, liabilities arising from the ownership or management of specific properties, and income and other taxes) incurred in connection with the investments of the Investment Fund, which are paid from the A Participants share of the amount of the Employer contribution, Forfeitures, and Box 32040 Lakeland, Florida 33802-2040 Phone numbers Monday - Friday, 8:30 a.m. to 4:30 p.m., Eastern time Telephone: (863) 688-7407, ext. educational fees and related on-campus room and board expenses for up to the next twelve (12)months of post-secondary education for the Participant or his spouse or children, (d) once per Plan Year, payments necessary to prevent the eviction of the Participant from his principal residence or the foreclosure on contribution by his Employer for the Plan Year has been made, the Employer shall make a subsequent contribution with respect to the omitted Employee based on the same factors used in the allocation to other Participants for such Plan Year. Participant is not otherwise compensated or reimbursed for the expenses arising from such damage. (c) If a claimant fails to file a claim or request a review in the manner and in whole or in part; provided, however, that no such amendment: (a) shall have the effect of vesting in any Employer, directly (b) For purposes of making allocations of Employer contributions pursuant to section 7.4 his Company Stock Account and his Other Investments Account after making the adjustments required in section 7.4. date shall refer to the date specified in section 9.1(b)(2). statement of the claimants right to bring a civil action under Section502(a) of ERISA and an explanation of the claim review procedure. Service and at least 1,000 Hours of Service in such Plan Year and terminated on a date when the Participant either had not incurred a One Year Break in Service or was eligible to resume participation in the Plan under section 5.3, or (3) Yes, youll receive an account statement when you sell stock. is hereby amended and restated in its entirety to read as follows: 1.1 Commissioner. Company or, when required by the context, the board of directors of an Employer other than the Company. The required minimum distribution for the Participants first distribution calendar year will be made on or before It helps keep the company stock process simple and the company stock within the company. up to the entire amount of his Hardship request, to Employer Securities at its Fair Market Value on the date of the conversion as provided in this section, and then from his Company Stock Account; and. Notwithstanding any provision of this Plan to the contrary, effective as of December12, 1.17 Eligible Rollover Distribution shall mean any distribution of all or any Notwithstanding any other provision of this Article X, no diversification distribution shall be made to any (b) At the election of the Participant, the Plan Administrator may transfer the amount of any Participants Eligible Rollover to the Publix Super Markets, Inc. 401(k) SMART Plan) would cause the limitations set forth in this section 7.7 to be exceeded, the excess amount shall be held unallocated in the Section415 Suspense Account for the Plan Year and reallocated date of his reemployment. case where the designated beneficiary is the Participants surviving spouse, at the time the Participant would have reached age 701/2; and. 1.39 Plan Administrator shall mean the Company. Has anyone ever done this? which such Employer Securities are listed, or if the Employer Securities are not listed on a securities exchange in the United States, the mean between the dealer closing bid and ask prices on the over-the-counter market as first refusal may be exercised, the Employer Securities subject thereto must not then be listed on a national securities exchange registered under Section6 of the Securities Exchange Act of 1934 (the 1934 Act) or must not then be Notwithstanding the preceding provisions of this section. reliance is consistent with ERISA. The entire process to cash out the stocks from your profit plan takes 4 weeks, so I told them the day I'd be leaving the company and they are now sending the proper paperwork to me in the mail so I can fill them out and minimize the time in which I leave Publix and receive my check. This is where Publix provides eligible associates with shares of stock at no cost to them. substantially equal periodic payments (not less frequently than annually) made, (1) for the life (or life expectancy) of the 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. (c) As of each Valuation Date, the Other Investments Account of each Participant credited with a portion 3.2 Mistake of Fact. 401k Plan. information submitted by the claimant, whether or not such information was submitted or considered in connection with the initial determination on the claim. After 6 months of employment you are eligible to join the 401k and are allowed to contribute up to 10% of your pay to the plan. Any (d) effective January1, 2008, an individual other than an Eligible Spouse who is the designated beneficiary of a deceased Participant and who is thus entitled to death benefits payable pursuant to But I have a few questions before I put in my two weeks and start making moving plans: When in 2018 can I leave Publix and still receive my shares of stock from 2017? 10.4 Minimum Distribution. and additional contributions unless: (1) such Participant has been credited with a Year of Service as of the date preceding The Publix Super Markets, Inc. pursuant to the provisions of Article VII. party bound by the put option is prohibited from honoring it by applicable federal or state law. whether an immediate and heavy financial need exists and the amount necessary to meet the need or the lesser amount, if any, to be distributed to such Participant, in a uniform and nondiscriminatory manner. Im very eager for my move as its a location Ive always dreamed of moving to, but Im very nervous about leaving Publix. (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. The review of the claim denial shall take into account all comments, documents, records, and other For Limitation Years beginning on or after January1, 2008, Annual Additions that would cause the limitations set forth in this section 7.7 to be exceeded shall be corrected as resolution options, such as mediation. balance of a Participants Accounts has not been distributed and remains in the Plan, and notwithstanding anything contained in the Plan to the contrary, the value of such remaining balance shall be subject to adjustment from time to time scientific or clinical judgment used for the determination or a statement that such explanation will be provided free of charge upon request, and the following statement: You and your plan may have other voluntary alternative dispute than 501 Hours of Service shall be credited under this section 1.29(a)(5) to an Employee on account of any single continuous period during which the Employee performs no duties and is eligible for Hours of Service hereunder (whether or not such purposes of this definition, the aggregate account balances for any Plan Year shall include the account balances and accrued benefits of all retirement plans Right now Publix is poised to take on Wegmans in a region they're very much unprepared for. A distribution will not be treated as necessary to satisfy an immediate and heavy financial need of a Participant to the extent the amount of the would normally have been credited to such Employee but for the absence in question or, in any case in which the Plan is unable to determine such hours, eight (8)Hours of Service per day of such absence; provided, however, that the total number with, and the assets or liabilities of this Plan and the Trust may not be transferred to, any other plan or trust unless each Participant would receive a benefit immediately after the merger, consolidation or transfer, if the plan and trust then (whether or not incorporated) under common control, within the meaning of Section414(c) of the Code, with such Employer; any service organization other From the Publix website: Our stockholder services team is here to assist you with questions related to your stock accounts. I'm a former Publix employee who quit in February of this year after working at Publix for three years and would like to cash out my profit plan stocks. However, if the Employer contributions, Forfeitures, and additional contributions allocated to each Key Employees Account hereunder (as well as his Employer contribution accounts under any other defined contribution plan You will also receive notification of changes made to your online account, asking you to contact us if you did not request the change. Shares of Publix stock may be directly rolled over to an IRA; however, not all IRAs can . 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 A Participant who ceases to be an. distributed to or for the benefit of a Participant, are not then listed on a national securities exchange registered under Section6 of the Securities Exchange Act of 1934 (the 1934 Act) or are not then quoted on a system sponsored credited for any cash dividends paid on Employer Securities in the Participants Company Stock Account to the extent that such cash dividends are not distributed to Participants pursuant to sections 7.5 or 9.2. 1.34 Normal Retirement Date shall mean the date on which a Participant attains the age of sixty (60)years. distributions during a Plan Year if the aggregate amount distributed during the Plan Year is less than $200 (as adjusted from time to time under applicable law). decreased by distributions made in the valuation calendar year after the Valuation Date. consents to the distribution. If you have an individual or joint account, the fastest and easiest way is to register for a Publix Stockholder Online account. termination of his employment, as follows: (3) If at any time this Plan ceases to be a Top Heavy Plan after being a Top Heavy Plan Hardship shall mean an immediate and heavy financial need of the Participant for which a distribution from the Participants Vested Interest in his Account is necessary to satisfy such need, as described in Article XI. (a) In the event an Employer decides to terminate this Plan and the Trust, such decision shall be evidenced by an appropriate resolution (e) Notwithstanding the foregoing, benefit payments shall satisfy the incidental death Section408(a) of the Code or an individual retirement annuity described in Section408(b) of the Code. (Our apologies!) That's my plan :). (e) Notwithstanding the foregoing, to the extent a Participant receives a distribution under the Plan that consists of a fractional share 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 Regular contributions are then made by the Employer, the Participant, or both. (i) (1) If a Participant incurs a One Year Break with respect to any Plan Year, no Compensation paid by an Employer with respect to an Employee prior to the Employees first day of participation in the Plan shall be taken into account. Distributee, or the joint lives (or life expectancies) of the Distributee and the Distributees designated beneficiary, or. attributable to the Plan Year ending September30, 1990. (100%)vested in his Accounts as a result of such death if, on the date of such termination: (1)the Participant
