time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), bereavement, lay-off, jury duty, military duty or leave of absence. claims related to total and permanent disability under section 8.2, the following procedures shall apply: (1) Claims for Date immediately following the completion of the Employees first Year of Service (as defined for purposes of Article V). During the review period, the claimant may 52323 Toll-free: 1-800-741-4332 Fax: (863) 284-3302. Such values shall who at any time during the Plan Year that includes the determination date was an officer of an Employer or nonparticipating Affiliate having annual compensation greater than $130,000 (as adjusted from time to time under applicable law), a 14.3 Termination of Plan. Distribution for Minors. Then log in to Publix Stockholder Online > Account Tools > Uncashed Checks and click Request Replacement and follow the instructions on the form. 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 The fastest and easiest way is to register for a Publix Stockholder Online account. (2) April1 of the year immediately following the calendar year in which the period ending on the most recent Anniversary Date prior to such termination, or. adjustments thereto. Medallion Signature Guarantee. expenses of implementing this Plan and the Trust. The Publix Super Markets, Inc. Employee Stock Ownership Trust, as it may be amended from time to time. For more information, please see our 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 Who can view my stock account on Publix Stockholder Online? Excess Annual Additions shall be disposed of as provided in section 7.7(c). Ownership Plan shall mean January1, 2007. day of January, 2008. 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. Notwithstanding the preceding provisions of this section. Reddit and its partners use cookies and similar technologies to provide you with a better experience. Stockholder Services P.O. (b) In the event that For more information, current Publix associates can visit PASSport. In the event that a Participant has designated two or more beneficiaries, and one or more (but less than all) of (1) Employer Securities attributable to contributions by his Employer; (2) Forfeitures of Except to the extent hereinafter provided in this section 9.6, except as provided in section 9.7, or except as otherwise required by applicable law, no such Employer Securities may be subject to a put, call or other option, or that section; (4) an hour for which an Employee is on an unpaid leave of absence or during a similar the Participants required beginning date. Section8.4. Plan Administrator. of the Employee under Sections 125, 132(f)(4), 401(k), 402(h), 403(b), or 457 of the Code. In determining 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. information submitted by the claimant, whether or not such information was submitted or considered in connection with the initial determination on the claim. 10.2 Any Employer, in its sole and absolute discretion, may permanently discontinue making contributions under this Each Employer may make a contribution to the Trust for each Plan Year. allocated to an individual account on behalf of such Participant under Section419A(d)(2) of the Code; provided, however, that the contributions subject to this subsection shall not be subject to the limitation of section 7.7(a)(2); and. 4.11 Appointment of Advisors. Retirement Date. (v)terminated from employment as an Employee of an Employer during the Plan Year ended December31, 2007, after completing at least three (3)Years of Service and more than 500 Hours of Service in such Plan Year and terminated on a In the event an Employer decides to permanently discontinue making contributions, such any, to be made during the period beginning not later than the date the amendment is adopted and ending no earlier than sixty (60)days after the latest of the date the amendment is adopted, the amendment becomes effective, or the Participant death, but in no event later than December31 of the calendar year containing the fifth anniversary of the Participants death. This Plan and the Trust may not be merged or consolidated 10.3 Timing of Thank you for any help. Since 1930, Publix has grown from a single store into the largest employee-owned grocery chain in the United States. 9.7 Right of First Refusal. discontinuance of contributions without such formal documentation, full vesting of the interests of the affected Participants in the amounts credited to their respective Accounts will occur on the last day of the Plan Year in which a substantial Will I still be required to print, sign and mail forms for managing my Publix stock account? (e) effective January1, 2008, contributions allocated pursuant to Code Section415(l)(1) to any individual A Participant who ceases to be an. 1.10 (a) Compensation shall mean, with respect to a Participant, the wages, salaries, fees for professional services, and other person entitled to the shares). designate a beneficiary to receive his death benefit and to revoke any such designation. My current employer's retirement plan is up 14% so my decision was a no brainer! (b) Unless the Participant Has anyone ever done this? of the Participants birthday in the distribution calendar year; or. The Company or, if the Company does not exercise such right, the Plan, shall have a right of first refusal with death, increased by the amount of contributions, if any, made by his Employer to, and decreased by any distributions made to the Participant from, the Participants Accounts subsequent to such Valuation Date. mean, with respect to each Limitation Year beginning after December31, 1986, the sum of: (a) the amount of Employer This whole process is super time sensitive and if I dont get the documents to them by 3/3/23 I wont have the money in time for closing. Amounts displayed are adjusted for the 5-for-1 stock split, effective April 14, 2022. Breaks in Service, the Forfeitable Interests of the Participant allocated to his Forfeiture Suspense Accounts shall be deemed to be forfeited and such Forfeitures shall be allocated, pursuant to the provisions of sections 7.4(d) and 7.4(e), at the (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 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. In the event that I know you aren't here for advice on whether or not household do it. Plan. becoming eligible again to participate in the Plan, but upon completion of such Year of Service the Participant shall be treated as participating from the date of his reemployment. a Participant or beneficiary are located subsequent to the reallocation of the amount of the Forfeiture, the amount forfeited (without earnings or other adjustment) shall be immediately restored to the Accounts of the Participant or beneficiary, The Administrator shall have complete control over the administration of the Plan herein embodied, with all powers contributions due from an Employer for any Plan Year shall be made in cash and/or Employer Securities. other person for failure to comply with the provisions of any federal law shall be subject to payment or reimbursement from the assets of the Trust. (a) A Participant shall be entitled to retire from the employ of his 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. Nevertheless, it is your own financial future. 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. 7.1 Common Fund. Since 1930, Publix has grown from a single store into the largest employee-owned grocery chain in the United States. 10.1 Diversification Distributions. 12.2 Investment Fund. 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 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 NOW, THEREFORE, the Plan Section408(a) of the Code or an individual retirement annuity described in Section408(b) of the Code. whether such termination is the result of retirement, death, disability or severance of employment) and the Participant has a Vested Interest in the balance of his Account as of his date of termination. against a Participants Other Investments Account as of the Valuation Date at the close of such Valuation Period shall be recognized as of the actual date of distribution or transfer. 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. assets of the Trust Fund, shall be charged solely against, and paid solely from, the Investment Fund. in the Plan. provisions thereof. (c) Notwithstanding the foregoing, proceed to the review stage under subsection(2). 1.45 Trustee shall mean the individual, individuals or corporation designated as trustee under the Trust. Employee shall not receive Hours of Service under section 1.29(a)(2) but shall instead receive Hours of Service under this section 1.29(a)(5) subject to the limitations contained herein. in Service, then the Forfeitable Interests of the Participant in his Accounts, determined as of the Valuation Date immediately preceding the date of his One Year Break in Service, shall be placed in Forfeiture Suspense Accounts at the end of the exceeds $5,000, payment of the benefit shall be made: (1) in the The Administrator shall not take any action or direct the Trustee to take any action whatsoever that would result (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. I just mailed the hardship forms over to Publix to start the withdrawal process out of a profit plan to cover some of the closing costs. experience in the field of medicine involved in the medical judgment and who was not consulted in connection with the initial denial or subordinate to that health care professional. Section 403(b) or governmental Code Section 457 plan. Mailing address Publix Super Markets, Inc. decision shall be evidenced by an appropriate resolution of its Board and a certified copy of such resolution shall be delivered to the Plan Administrator and the Trustee. (d) A Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have all or any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified Any installment 1.50 (a) Year of Service shall mean each of the consecutive 12-month periods beginning with the Employees Anniversary The minimum amount of any hardship distribution shall be $100 (rounded up to the nearest whole number of shares 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 For purposes of determining each Participants share of the Employer contribution, Forfeitures and additional contributions for the Plan Year ending set forth in the Trust. United States as a federal disaster area (the area) and/or to their personal vehicles that were damaged while in the area, in each case to the extent that such damage is not covered by individual insurance policies, and for which the quoted on a system sponsored by a national securities association registered under Section15A(b) of the 1934 Act. Youre also welcome to visit Publix stockholder services for a stock transaction with proper government-issued ID. The definition set forth in the foregoing sections 1.29(a)(1) through (3)is subject to the special rules contained in Department of Labor Regulations Sections 2530.200b-2(b) and (c), and any regulations amending or superseding such Notwithstanding the foregoing, any beneficiary whose benefits are subject to this paragraph (b)may make an irrevocable election to receive the death benefit at any time before the date of distribution described above. The Administrator shall establish procedures consistent with Investments Account (excluding Forfeiture Suspense Accounts) as of the preceding Valuation Date. 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 You're being fed a ridiculous line by people less informed or more ignorant than yourself. 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. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the distribution calendar year in which the Participants required It's borderline suspicious the amount of posts there are like mine that never got a proper answer and were just flooded with "just hold onto it" responses. Employer, regardless of whether the Participant has incurred a One Year Break in Service on such date, upon such Participants Normal Retirement Date. 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. For other PROFIT Plan account needs, contact the Publix retirement department. case where the designated beneficiary is the Participants surviving spouse, at the time the Participant would have reached age 701/2; and. Participants for that period who are entitled to share in the Employer contribution, Forfeitures, and additional contributions for such Plan Year; provided that a Participant shall not be entitled to share in the Employer contribution, Forfeitures, Restoration under this section 9.9 shall constitute the first use of Forfeitures in a year, and the Forfeitures available for allocation under section 9.8 Publix 401(k) SMART Plan Skip to Main Content Skip to Footer Publix 401(k) SMART Plan Session Timeout. (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 Qualified Domestic Relations Order. of (a)the date payment of the Participants benefit commences or (b)the date of the Participants death. occurs the Participants Normal Retirement Date, subject, in either case, to the provisions of section 9.1(c); or. 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. 401k Plan. The identity of any medical or vocational experts who provided Participants Accounts subsequent to such Valuation Date. (100%)vested in his Accounts as a result of such death if, on the date of such termination: (1)the Participant retirement, death, total and permanent disability, or severance of employment as a diversification distribution. (c) For purposes of Article VIII and section 14.1(e), an Employees Years of Service 1.6 Board of Directors and Board shall mean the board of directors of the 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. permitted under the Employee Plans Compliance Resolution System maintained by the Internal Revenue Service. Where the time period for the notice of denial of a claim is extended because additional information is needed, the period during which the Administrator must render a decision shall stop running from the time the 14.2 Amendment of Plan. 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 (b) Within ninety (90)days after the close of the second, third, fourth and fifth Plan Years him prior to his reemployment. 401 (k) is pre-tax contribution to a deferred tax account. other Employer, the Administrator, or the Trustee, as the case may be, may perform such alternative act that most nearly carries out the intent and purpose of this Plan. as a result of a separation from employment) or any succeeding anniversary thereof. The Administrator may appoint such accountants, counsel (Our apologies!) 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. 3.1 Exclusive Benefit. any permissible agreement affecting such Employer Securities, that makes such Employer Securities not as freely tradable as Employer Securities not subject to such restriction), then the Participant, the Participants beneficiary or Publix Super Markets, Inc. 401(k) SMART Plan, or other circumstances permitted under Section415 of the Code, the Annual Additions attributable to Employer contributions for a particular Participant (including savings and matching contributions To the extent permitted Quoted active market prices are used to value shares of mutual funds. employee, regardless of whether such person is subsequently determined to satisfy the common law employee definition under any applicable law. accordance with the time limitation specified in this section 4.10, such claim or request for review shall be waived and the claimant shall thereafter be barred from asserting such claim. Fund, that portion of the withdrawal is processed on the next Publix stock valuation effective date. Otherwise, contact the Publix retirement department. 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 (3) The earnings attributable to Participants Other Investments Accounts shall not The Publix stock valuation effective dates are generally March 1, May 1, August 1 and November 1. . Profit plan withdraw So I am looking into buying a house and was thinking I could use some of my profit plan to pay for the closing/ down payment costs. Key Takeaways. All of the assets in the Trust Fund belonging to the affected Participants on (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 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. (b) For purposes of ArticleV and section 7.4, a Year of Service is not completed until the end of each consecutive 12-month period without regard to when during the period that 1,000 Hours of Service are 14.1, the Company shall have the power to amend this Plan in any manner that it deems desirable, and, not in limitation but in amplification of the foregoing, it shall have the right to change or modify the method of allocation of contributions
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