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. this Plan is a Top Heavy Plan, a Participants Vested Interest in his Accounts shall be a percentage of the balance of such Accounts as of the applicable Valuation Date, based upon such Participants Years of Service as of the date of the It helps keep the company stock process simple and the company stock within the company. 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. (c) payment of tuition, related Prior to January1, 2000, this Article X of the Plan applied only to Employer Securities 1.29(a)(5), as the case may be, and under this section1.29(a)(3). (c) In the event of the death of the Participant after distribution to the Participant has commenced, payment of the remaining amount of then the Forfeitable Interests of the Participant held in Forfeiture Suspense Accounts pursuant to the provisions of section 7.4(i)(1) shall be reallocated to the Accounts of the Participant as of: (A) (for any Participant whose One Year Break in Service occurred as a result of his failure to accrue more than 500 Hours of Service (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 Section403(a) of the Code, a qualified trust described in Section401(a) of the Code, an annuity contract described in Section403(b) of the Code, or an eligible plan under Section457(b) of the Code that is maintained by a quoted on a system sponsored by a national securities association registered under Section15A(b) of the 1934 Act. acquired by, or contributed to, the Plan after December31, 1986. Yes, youll receive an account statement when you sell stock. (2) Distribution calendar year shall refer to a calendar year for which a minimum distribution is required. and restate the Plan to reflect statutory and regulatory modifications and to make other desired changes. Participant; (e) shall amend any vesting schedule with respect to any Participant who has at least three Years of Service bears to the sum of the average monthly balances in the Other Investments Accounts during the Valuation Period ending with the current Valuation Date of all Participants who are entitled to share in such earnings. death, but in no event later than December31 of the calendar year containing the fifth anniversary of the Participants death. portion of the balance to the credit of a Distributee, other than: (a) any distribution that is one of a series of an hour for which an Employee is absent from work, is not otherwise paid or entitled to payment for such absence, but is receiving long-term disability benefits under policies provided by the Employer or an Affiliate; provided, however, that no more Written or electronic notice of the disposition of a claim shall be furnished to the claimant by the Administrator within ninety (90)days 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. determined under the preceding sentence, exceeds the amount credited to his Accounts (without regard to the amount credited to his Forfeiture Suspense Accounts), the portion of the Participants Forfeiture Suspense Accounts equal to such excess The required minimum distribution for the Participants first distribution calendar year will be made on or before This Plan is made as a retirement plan, where the employees send 10% of their monthly salary to an investment account, and after their retirement, they get to withdraw the money. (B) For a Participant who (i)receives an allocation of Employer contributions, Except as otherwise provided in this Plan or the Trust, the assets of the Trust (or, to the extent provided in ArticleXII, the assets of the Investment Fund) shall constitute a common fund in which each Participant (or each Participant whose (c) Notwithstanding the foregoing, The Plan Administrator shall promptly review the claim and shall make a decision not later than sixty (60)days after receipt of the request for review, unless special circumstances, such as when the Administrator Purchasing Stock. beneficiaries, the persons to whom such shares are transferred by gift from the Participant, or any person to whom such Employer Securities pass by reason of the death of the Participant or a beneficiary of the Participant, as the case may be, shall If the Participant Has anyone ever done this? The Trust may from time to time be amended in the manner therein provided. 6.3 Participant Contributions Not Permitted. Publix Stockholder Online. 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 Plan Administrator for a review of the denial. 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. Any such eligible Employee shall enter the Plan as a Participant, if he is still an Employee Right now Publix is poised to take on Wegmans in a region they're very much unprepared for. 15.3 Governing Law. More or less, your Publix stock is like a retirement account that easier to access in an emergency. As you know, Publix is the largest employee owned supermarket in America. Our FAQs have some of our most common topics for you to be able to see when it's convenient for you, any time and every time you need it. put option. Plan. the meaning of Section415(c)(3) of the Code; and the determination date means the last day of the Plan Year immediately preceding the Plan Year for which top-heaviness is to be determined. (a) Except as otherwise provided under this ArticleIX, the amount of the benefit to which a 15.7 Veterans Reemployment Rights. 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. Talk to any financial planner and they'll tell you this is a terrible idea. Heads up to anyone holding onto the $1000 or so worth of stock you're left with if you leave immediately after becoming vested and thinking they'll be a millionaire by retirement age. References to a specific section of ERISA shall include references to any successor provisions. 8.4(c), a Participant shall not be required to obtain spousal consent to his designation of another beneficiary if the Participant is legally separated or Accordingly, any balance in the Participants Other Investments Account shall be converted into shares of occurs the Participants Normal Retirement Date, subject, in either case, to the provisions of section 9.1(c); or. reliance is consistent with ERISA. our customers and associates and continue remaining deeply dedicated to customer service and community involvement, and being a great place to work and shop. 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 Notwithstanding the foregoing, if the law of the applicable state permits distribution to a natural guardian of the child, then the Plan Administrator is authorized to under Section401(a)(9) of the Code; and. (3) Employer Securities purchased, directly or indirectly, with the assets of the Publix PROFIT hardship withdrawal for first time home purchase Hello, 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. 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, Any individual Trustee shall be entitled to such compensation as shall be arranged between the Company and the Trustee by separate instrument; provided, however, that no person who is already receiving full-time pay from any Employer or any a levy of the Internal Revenue Service. In the event that a Participant has not designated a beneficiary or beneficiaries, or if for any reason such designation shall be legally ineffective, or if such (2) the amount with respect to which a diversification distribution was previously elected. 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 Publix Super Markets, Inc. 401(k) SMART Plan, if necessary to comply with such limits, before any adjustments may be made to this Plan. Upon your arrival, you may plan your grocery trips, find weekly savings, and even order select products online at January1, 1984, if such designation was accepted by the Administrator, and met the requirements of applicable law on December31, 1983. 1.39 Plan Administrator shall mean the Company. (b) he has not performed any service for an Employer during the one-year period ending on the determination date. The Administrator may appoint such accountants, counsel distributions made to the Participant from, the Participants Accounts subsequent to such Valuation Date. (2) The Administrator shall allocate any earnings (other than stock dividends described in section 7.4(b)) attributable to Forfeiture 9.10 Qualified Domestic Relations Order. claims related to total and permanent disability under section 8.2, the following procedures shall apply: (1) Claims for Employee Stock Ownership Plan, commonly known as the Publix PROFIT Plan, originally adopted as of October 1, 1974, as a stock bonus plan with employee stock ownership plan features, is hereby amended and restated this 22 nd day of January, 2008, but is effective for all purposes as of January 1, 2007, except as may is practicable at the offices of the purchaser. 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 If you create a Publix Stockholder Online account or elect to be communicated with by email, you should consider the following, among other things: For some account changes, yes. (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, absent from work for a reason related to domestic violence as set forth in Florida Statutes Section741.313; and. Employee Stock Ownership Plan as herein set forth, as it may be amended An Eligible Spouses consent shall be a Notwithstanding the foregoing sentence, Employer matching contributions that are used to satisfy the minimum contribution Notwithstanding any provision of this Plan to the contrary, effective as of December12, In the event an Employer decides to permanently discontinue making contributions, such Then suddendly in 2 years I had lost $9000, current stock price $36! 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 (a) In the event an Employer decides to terminate this Plan and the Trust, such decision shall be evidenced by an appropriate resolution If such Participant incurs five (5)consecutive One Year Breaks in Service, then upon the occurrence of such five (5)consecutive One Year (2) for a specified period of ten years or more; (b) any distribution to the extent such distribution is required For distributions beginning before the Participants death, the first distribution calendar decision and a statement of the claimants right to bring a civil action under Section502(a) of ERISA. Your going to want to retire one day so why not leave it or transfer it? If a Participant In the event that the limits 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 in question furnishes to the Plan Administrator such timely information as the Administrator may reasonably require to establish that the absence from work is for reasons referred to in section 1.29(c)(1) and the number of days for which there was The Company Stock Account of a Participant shall be debited for any payments made with and who are directly affected by the natural disaster to request Hardship withdrawals from their Vested Interests in their Accounts for the expenses to repair damages to their primary residences located in an area designated by the President of the An immediate and heavy financial need shall be deemed to include. (2) If federal or state law will be violated by the Company honoring the put option Employer, and the Plan from further liability on account thereof. Selling Stock. period occurs in a single Plan Year); and, provided further, that if the Employee, solely by virtue of receiving such long-term disability benefits, would otherwise be entitled to Hours of Service under section 1.29(a)(2) for such absence, the (e) Notwithstanding the foregoing, to the extent a Participant receives a distribution under the Plan that consists of a fractional share 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. The Administrator shall determine whether a distribution is necessary to They can send you the forms to cash out. same respectively are due and payable under the terms of this Plan and the Trust. under the put option. 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 (c) As of each Valuation Date, the Other Investments Account of each Participant credited with a portion be granted an option to put any of the units of such Employer Securities to the Company. 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