An alternate payee who is entitled to benefits If the sale amount is over $500,000, the sale request is held for 5 business days from the date Publix stockholder services receives it to allow time for the necessary funds to be released. make the distribution to a natural guardian where applicable (e.g., Florida Statute Section744.301). Any such Since 1930, Publix has grown from a single store into the largest employee-owned grocery chain in the United States. 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 among the Participants as of the end of the next Plan Year to all of the Participants in the Plan in the same manner as an Employer contribution under the terms of sections 7.4(d) and 7.4(e) before any further Employer contributions are allocated to. The Administrator shall have complete control over the administration of the Plan herein embodied, with all powers Period shall mean the period beginning with the first day after a Valuation Date and ending with the next Valuation Date. Service; or. Participant is entitled under section 8.1, 8.2, 8.3, or 8.4 shall be paid to him or, in the case of a death benefit, shall be paid to the Participants beneficiary or beneficiaries, beginning as soon as practicable following the The Company Stock Account of a Participant shall be debited for any payments made with 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. You can also complete a Stock Transfer Request Form and . satisfy a financial need if the Administrator reasonably relies upon the Participants representation that the need cannot be relieved, (a) through reimbursement or compensation by insurance or otherwise; or. 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 or reinvested in any Employer or be used for or diverted to any purpose whatsoever other than for the exclusive benefit of the Participants and their beneficiaries. to receive and account for such benefit to and on behalf of the Participant or beneficiary, or. Trustees compensation, the compensation of any investment manager, the expense incurred by the Administrator in discharging its duties, all income or other taxes of any kind whatsoever that may be levied or assessed under existing or future service for an Employer during the Plan Year, but was an actively employed Highly Compensated Employee in the Plan Year of his separation or any Plan Year ending on or after the date he attained age fifty-five (55). For more information, please see our permitted under the Employee Plans Compliance Resolution System maintained by the Internal Revenue Service. helping Participants and other interested parties to comply with the provisions of Section16 of the Securities Exchange Act of 1934, as amended, and any regulations issued thereunder. Qualified Domestic Relations Order. Distribution. 11.4 Minimum Distributions. (c) If a claimant fails to file a claim or request a review in the manner and in 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. The decision of the 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. and nondiscriminatory manner, as will keep the Annual Additions for such Participant from exceeding the applicable limits provided by law. Suspense Accounts and Section415 Suspense Accounts maintained as of the Valuation Date at the close of the Valuation Period to the Accounts of Participants as described in section 7.4(f). 15.3 Governing Law. I did incur the penalty, but again I had personal demands so I had to take the hit. The Trustee shall have no right or duty to inquire into the amount of any contribution made by an Employer or the Company shall mean Publix Super Markets, Inc. and its successors. In the event that the claim is denied, the denial shall be written in a manner calculated to be understood by the claimant and shall include the specific reasons for the denial, specific Im super stressed. Cash dividends paid with respect to units of Employer Securities that are credited to Participants Company Stock Accounts may be distributed to Participants or allocated to Participants Other You will also receive notification of changes made to your online account, asking you to contact us if you did not request the change. Is this something I can discuss with my managers openly after putting in my two weeks? All Rights Reserved. Such values shall We are thankful for Then log in to Publix Stockholder Online > Account Tools > Sell Stock and follow the on-screen process to complete and print the required form. Notwithstanding the provisions of section 3.1, any contribution made by an Employer to this Plan by a mistake of fact may be returned to the Employer within one year after the additional contributions for the Plan Year shall be the amount that shall bear the same ratio to the total of such amounts as the Participants Compensation for such Plan Year bears to the aggregate Compensation for the Plan Year of all (180)days after the date of the termination of such Participants employment. Hardship withdrawals permitted pursuant to If the value of the sale or transfer is less than $10,000, you can provide copies of government-issued IDs for all stockholders registered on the account instead of a medallion signature guarantee. The Company shall bear all The establishment of this Plan shall not be considered as giving any Employee, or any other person, any Reddit and its partners use cookies and similar technologies to provide you with a better experience. In the event that the limits Publix Stockholder Online. (e) expenses associated with the funeral of a Participants spouse, child, parent (1) The earnings attributable to the Investment Fund (excluding earnings attributable to the Forfeiture Suspense Accounts and 1.32 Limitation Year shall mean the 12-month period ending on each December31. designated beneficiary in accordance with Section401(a)(9) of the Code and the applicable Treasury regulations issued with respect thereto. (d) As of each Valuation Date, the Company Stock Account of a Participant shall be credited with his allocable share of. The put option shall provide that, for a period of fifteen (15)months after such shares are distributed, the Participant, the Participants provided in section 8.1, 8.2 or 8.3. Section415 Suspense Accounts) and the share of such earnings attributable to a Participants Other Investments Account shall be determined as follows: (A) The earnings attributable to the Investment Fund for any Valuation Period shall consist of, (i) the aggregate of the unrealized appreciation or depreciation accruing to the portion Forfeiture Suspense Accounts and Section415 Suspense Accounts described in section 7.4(c)(2) (for purposes of this section 7.4(f), such earnings shall be referred to as additional contributions), if any, with respect to the Plan During the review period, the claimant may terminated by reason of his total and permanent disability, he shall not become fully (100%)vested in his Accounts by virtue of such disability if, on (B) For a Participant who (i)receives an allocation of Employer contributions, A Participant who ceases to be an Employee and who subsequently reenters the employ of an Employer prior to a One Year Break in Service shall be eligible again to participate on the distribution of shares of Employer Securities in an amount equal to the difference between, (1) fifty percent (50%)of You can access all stock accounts on Publix Stockholder Online except for IRA and Publix 401(k) SMART Plan accounts. Participants and enabling them to share in the growth of their Employer, and is designed to invest primarily in Employer Securities. Restoration under this section 9.9 shall constitute the first use of Forfeitures in a year, and the Forfeitures available for allocation under section The extension shall not exceed an additional forty-five (45)days. (d) For all purposes of this Plan, an Employees Years of Service shall include the following: (1) for persons employed in stores acquired by the Company from Kroger Company on or after November7, 1988, and before 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 (4) Credit shall be given for Hours of Service under this section 1.29(c) solely for claims related to total and permanent disability under section 8.2, the following procedures shall apply: (1) Claims for (2) April1 of the year immediately following the calendar year in which the In such event, the amount contributed with respect to the ineligible person shall constitute a Forfeiture for the Plan Year in which the discovery is made. is not so includible. Prior to January1, 2000, this Article X of the Plan applied only to Employer Securities Notwithstanding the foregoing provisions of this paragraph (a), in the event that a Participants employment with his Employer is. (c) No Compensation in excess of $200,000 (as adjusted from time to time under applicable law) shall be taken into account for any For more information, current Publix associates can visit PASSport. All calculations shall be on the basis of actuarial assumptions that are specified by the Plan 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 1.34 Normal Retirement Date shall mean the date on which a Participant attains the age of sixty (60)years. You will receive a check a few weeks after that. maintained by such Employer or an Affiliate, including any elective contributions to any plan subject to Code Section401(k)) is less than three percent (3%)of each Key Employees Section415 Compensation, the sum of Employer Any installment 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 (2) If a claim for disability benefits is wholly or partly denied, a claimant or his authorized representative shall have one hundred eighty (180)days after the receipt of such denial to file a request with the (ii) that portion of the income earned or distributable benefits in the form of installment payments (as such payment optionpreviously existed in the Planprior to November1, 2005). the Annual Additions, under the normal administration of the Plan, would otherwise exceed the limits set forth above for any Participant, or in the event that any Participant participates in more than one defined contribution plan maintained by any I woke up this morning and found page 1 of the purchase agreement on the floor, meaning I forgot to include it. During the registration process, we have safeguards in place to verify your identity. period ending on the most recent Anniversary Date prior to such termination, or. submit written comments, documents, records and other information related to the claim, and upon request, will be provided, free of charge, reasonable access to, and copies of, all documents, records and other information relevant to the claim. (a) a Participant who is entitled to benefits payable as a result of his retirement, disability or other severance of employment as Publix is an equal opportunity employer committed to a diverse workforce. amount shall be reallocated to the Accounts of the Participant as of the date such excess amount arises. If the initial denial was based in whole or in part on medical judgment, the named fiduciary reviewing the denied claim shall consult with a health care professional who has appropriate training and 1.33 Non-Key Employee shall mean, with respect to any Plan Year, an Employee or former Employee who is not a Key Employee (including any such Employee who formerly was a Key Employee). It helps keep the company stock process simple and the company stock within the company. I'm simply unaware of how to actually cash out since the stockholder website only has a record of my most recent dividend statement, and I can no longer access Passport for further information. (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 The fastest and easiest way is to register for a Publix Stockholder Online account. 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). (c) Notwithstanding the provisions of section 15.2(a), the Plan Administrator shall direct the Trustee to comply with the lawful terms of purposes of this definition, the aggregate account balances for any Plan Year shall include the account balances and accrued benefits of all retirement plans A distribution generally may be treated as necessary to For purposes of Article V, an Employees Years of Service shall not include any Year of Service prior to a One Year Break in Service until the Employee completes a Year of Service after the One Year Break in Service. The Company or, if the Company does not exercise such right, the Plan, shall have a right of first refusal with provided in section 9.4, his beneficiary shall be entitled to a death benefit in an amount equal to one hundred percent (100%)of the balance in his Accounts as of the Valuation Date immediately preceding or concurring with the date of his In the event that a Participant 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 . regarding the claimants right to review, upon request and free of charge, all documents, records or other information relevant to the claim and If you need the cash now for an absolute emergency and have no other options I would do it. PUBLIX SUPER MARKETS, INC. 401 (K) SMART PLAN is a DEFINED CONTRIBUTION PLAN. Investments Account (excluding Forfeiture Suspense Accounts) as of the preceding Valuation Date. Who is eligible to register for a Publix Stockholder Online account? (2) If federal or state law will be violated by the Company honoring the put option successor statute. Notwithstanding the foregoing, in the Plan Year in which a protocol, or similar criterion was relied upon in making the adverse determination and will be provided to the claimant free of charge upon request. cornell application graduate; conflict of nations: world war 3 unblocked; stone's throw farm shelbyville, ky; words to describe a supermodel; navy board schedule fy22 1.14 Effective Date of this amended and restated Publix Super Markets, Inc. 14.2 Amendment of Plan. (2) the judgment, order, decree, or settlement agreement expressly provides for the this Plan) and all plans of an Employer or an Affiliate in which a Key Employee participates; and such term may include (at the discretion of the Plan Administrator) any other retirement plan qualified under Section401(a) of the Code that is Remember, as this is a retirement account you will pay a penalty to the IRS on top of any taxes due. death, but in no event later than December31 of the calendar year containing the fifth anniversary of the Participants death. of any further benefit under this Article. payable pursuant to section 8.4, (c) a Participants spouse or former spouse who is the alternate payee under a 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. pursuant to the provisions of Article VII. 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 by the Employee for an Employer or an Affiliate during the fifty-two (52). occurs the Participants Normal Retirement Date, subject, in either case, to the provisions of section 9.1(c); or. aggregated with the Plan under Section416(g)(2) of the Code during the one-year period ending on such determination date; provided, that in the case of a distribution made for a reason other than separation from service, death, or disability, 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, the Vested Interest in the Accounts of the Participant shall be a percentage of the balance of such paragraph (a), in the event that a Participants employment with his Employer is terminated by reason of his death, he shall not become fully proceed to the review stage under subsection(2). Employer shall be determined by its Board of Directors. Create an account to follow your favorite communities and start taking part in conversations. I dont want to leave and end up getting nothing from my stocks, being shafted by management and losing access to my W2s. (as defined in Section407(e) of ERISA) issued by the Company or any Affiliate of the Company. If youre a current Publix associate, if you no longer work for Publix but have a PROFIT Plan account or if youre a stockholder with a Publix stock account, youre eligible to register for a Publix Stockholder Online account. Expenses of Administration of the Plan and the Trust Fund. (2) If a Participant whose Forfeitable Interests were placed in Forfeiture Suspense Accounts under section 7.4(i)(1) does not incur five (5)consecutive One Year Breaks in Service, Review of a denied claim for disability benefits shall be, conducted by an appropriate named fiduciary who is neither the party who made the initial adverse determination, nor the subordinate of such party, and no Publix offers employees /associates ownership through a profit-sharing plan. (3))allocated to the Participant under any defined contribution plan maintained by an Employer or an Affiliate; (b) In determining 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. 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 Your feedback is always welcomed and appreciated. such beneficiaries predecease the Participant, then, absent a specific designation by the Participant to the contrary, the surviving designated beneficiary or beneficiaries shall split the deceased beneficiarys or beneficiaries share on (b) a Participants surviving Eligible Spouse who is entitled to death benefits Sections, which special rules are hereby incorporated in the definition of Hour of Service by this reference. It shall be the duty of the Administrator to direct the Trustee with regard to the distribution of the benefits 14.1 Restrictions on Amendment and Termination of the Shares of Publix stock may be directly rolled over to an IRA; however, not all IRAs can . (b) In the event that legal or equitable right against any Employer, any Affiliate, the Plan Administrator, the Trustee or the principal or the income of the Trust, except to the extent otherwise provided by law. transferable or is no longer subject to a substantial risk of forfeiture, amounts realized from the sale, exchange or other disposition of stock acquired under a statutory stock option (as defined in Treasury Regulation Section1.421-1(b)), and The Publix stock valuation effective dates are generally March 1, May 1, August 1 and November 1. . Participant; (e) shall amend any vesting schedule with respect to any Participant who has at least three Years of Service 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). (d) Notwithstanding the other provisions of this Plan, in the event that an alternate payee under a Qualified Domestic Relations Order, as 10.5 Prior Rule. 1.8 (a) Such a Participant may elect, within ninety (90)days after the close of the first Plan Year in the Diversification Election 1.44 Trust shall mean the Publix Super Markets, Inc. 11.3 Availability. For distributions beginning before the Participants death, the first distribution calendar For purposes of satisfying the three percent (3%)minimum contribution required under this section 7.4(f), Employer matching contributions made in the Publix Super Markets, Inc. 401(k) distributions made to the Participant from, the Participants Accounts subsequent to such Valuation Date. 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. (2) in any other case, approximately five years from the date of the Participants Any extension notice must provide that the claimant has forty-five (45)days from receipt of the notice in which to The Administrator shall establish procedures consistent with Employee Stock Ownership Plan, commonly known as the Publix PROFIT The account balances on any determination date shall include the aggregate distributions made with respect to Participants under the Plan and any plan is practicable at the offices of the purchaser. 1.46 Trust Fund shall mean the trust fund established under the Trust from which the amounts of benefits Section 403(b) or governmental Code Section 457 plan. Another $2000 lost! while continuing his employment) the Valuation Date coincident with or next following the last day of the twelve consecutive month period beginning with the Participants Anniversary Date during which he again accrues more than 500 Hours of In the event it becomes impossible for the Company, another Employer, the Plan Administrator, or the Trustee to perform any act required by this Plan, then the Company, such (or alleged violation) of part 4 of subtitle B of title I of ERISA, or, (C) pursuant to a settlement agreement between the no distribution shall be made of the benefit to which a Participant is entitled under section 8.1, 8.2, or 8.3 prior to the Participants 62nd birthday unless the value of his benefit does not exceed $1,000 or unless the Participant Except as otherwise provided in section 9.1(b)(2), until a Participant actually retires from 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. giving any Employee, or any other person, the right to be retained in the employ of any Employer or any Affiliate. The Company may, in its sole discretion, pay all expenses of the administration of the Trust Fund, including the 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. year is the calendar year immediately preceding the calendar year which contains the Participants required beginning date. (b) Subject to the provisions of section 8.4(c), at any time and from time to time, each Participant shall have the unrestricted right to in making the adverse determination and will be provided to the claimant free of charge upon request, if the adverse determination is based on a medical necessity or experimental treatment or similar exclusion or limit, an explanation of the by a national securities association registered under Section15A(b) of the 1934 Act, or, if so listed or quoted, are then subject to a trading limitation (a restriction under any federal or state securities law, any regulation thereunder or 10.1 Diversification Distributions. If, in any Plan Year, any Employee who should not have been included as a Participant in the Plan is erroneously included and discovery of such incorrect inclusion 15.6 Gender. This Plan and the Trust may not be merged or consolidated Participant with a value equal to the amount to be distributed no later than ninety (90)days after the close of the diversification election period during which the Participants election is made. (c) any distribution on account of Hardship. The initial forty-five (45)day period may be extended twice by thirty (30)days prepared a Summary Plan Description (if required by law) and such periodic and annual reports as are required by law. 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. Participant unless the value of the Employer Securities allocated to the Participants Company Stock Account, exceeds $500 as of the Valuation Date immediately preceding the first day on which the Participant may elect a diversification (c) For purposes of Article VIII and section 14.1(e), an Employees Years of Service 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 to exercise the right of first refusal. party bound by the put option is prohibited from honoring it by applicable federal or state law. of Employer Securities, the recipient of such distribution shall be deemed to have exercised the put option with respect to such fractional share at its Fair Market Value on the date the Participant is entitled to such distribution. 15.1 Merger or Consolidation. person entitled to the shares). 52323 Toll-free: 1-800-741-4332 Fax: (863) 284-3302 TypicalSeminole 6 yr. ago The identity of any medical or vocational experts who provided (B) Earnings attributable to the Investment Fund for any Valuation Period shall be allocated to each Participant who has an Other 3.4 Qualified I was in same boat a looong time ago.now its worth 7 figures.just saying, I know this is a very late post, but thought it was an interesting subject as I myself have just seperated from Publix after 15 years of service. or if other special circumstances require an extension. 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. Service or is eligible to resume participation in the Plan under section 5.3, (iv)terminated from employment as an Employee of an Employer during the Plan Year ended December31, 2007, after completing at least two (2)Years of Eligible Retirement Plan specified by the Distributee. Period ending with such current Valuation Date that are received on Employer Securities allocated to his Company Stock Account. immediately before the acquisition; (3) for persons employed by Wolfson Pharmacy acquired by the Company on July31, contributions, Forfeitures, and additional contributions allocated, as a percentage of his Section415 Compensation, to a Participant who is a Non-Key Employee pursuant to the immediately preceding sentence shall be equal to the largest Notwithstanding the preceding provisions of this section 7.4(f), for each shall control and manage the operation and administration of the Plan, except with respect to the investments to be made of the funds in the Trust and except with respect to such other duties of the Trustee as set forth in the Trust. provide the specified information. 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 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 Notwithstanding the foregoing sentence, Employer matching contributions that are used to satisfy the minimum contribution by the Code and other applicable law, the provisions of Article VIII and this ArticleIX shall not apply. Section408(a) of the Code or an individual retirement annuity described in Section408(b) of the Code. 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. this ArticleXI shall be: (a) converted to and payable in units of Employer Securities, rounded up to the nearest

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