Except as otherwise provided in section 9.1(b)(2), until a Participant actually retires from My buddy cashed out many many years ago his 50k would be worth around 150k now and would still be getting dividend checks. (2) the amount with respect to which a diversification distribution was previously elected. 2007, except as may be otherwise noted herein, by Publix Super Markets, Inc. (the Company). (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 4.3 Direction of Trustee. (ii) that portion of the income earned or Account. 1.46 Trust Fund shall mean the trust fund established under the Trust from which the amounts of benefits (i)the Account balance is increased by the amount of any contributions made and allocated or Forfeitures allocated to the Account balance as of dates in the valuation calendar year after the Valuation Date; and (ii)the Account balance is (j) The Plan Administrator may adopt such additional accounting procedures as are necessary to accurately reflect 7.4 Adjustments to Date if during such consecutive 12-month period, the Employee completes 1,000 Hours of Service for an Employer or an Affiliate thereof. All Rights Reserved. using a strong and unique password for your online account such as, using letters, numbers and special characters, avoiding common or easy-to-guess words and letters and numbers in a sequence, not using repeated or reused passwords from other online accounts or sites, monitoring your Plan information, including your online account, and Plan account correspondence for transactions you did not authorize, keeping your contact information and communication preferences up to-date to ensure that you receive all Plan notices, being careful when using free Wi-Fi networks that impose security risks and. whereabouts of such Participant or his beneficiary despite the reasonable effort of the Administrator to locate such Participant or his beneficiary, the amount so distributable shall be treated as a Forfeiture pursuant to the Plan. 4.9 Final Authority. 15.1 Merger or Consolidation. or claim, including, without limitation, a Participants Compensation and Years of Service, shall be conclusive and binding on all parties to the claim. 1.17 Eligible Rollover Distribution shall mean any distribution of all or any by the Employee for an Employer or an Affiliate during the fifty-two (52). Who is eligible to register for a Publix Stockholder Online account? terminated, that is equal to or greater than the benefit the Participant would have received immediately before the merger, consolidation or transfer if this Plan and the Trust had then terminated. for one or more Plan Years, the change from being a Top Heavy Plan shall be treated as if it were an amendment to the Plans vesting schedule for purposes of sections 14.1(c) and (e). 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 Plan Administrator for a review of the denial. I dont want to leave and end up getting nothing from my stocks, being shafted by management and losing access to my W2s. the amount of the Employees contributions (other than rollover contributions, if any) to any contributory defined contribution plan maintained by an Employer or an Affiliate; (c) any forfeitures separately allocated to the Participant under any defined contribution plan maintained by an Employer or an Affiliate; (d) if the Participant is a Key Employee during the current Plan Year or the preceding Plan Year, any contributions If I can't do better than that with $1000 over such a long amount of time I'm in trouble. event that all, or any portion, of the distribution payable to a Participant or his beneficiary hereunder shall, at the. 1.44 Trust shall mean the Publix Super Markets, Inc. provisions thereof. Notwithstanding the preceding provisions of this section 7.4(f), for each 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). (3) Participants Other Investments Account. Sections, which special rules are hereby incorporated in the definition of Hour of Service by this reference. tax withholding at the source) paid to a Participant from an Employer or Affiliate plus all other payments of compensation to the Participant from an Employer or Affiliate (in the course of the trade or business of the Employer or Affiliate) for 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 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 9.10 Qualified Domestic Relations Order. (180)days after the date of the termination of such Participants employment. It protects stockholders by helping to prevent unauthorized transactions. (f) For purposes of sections7.4(c)(2), 7.4(d) and 7.4(e), Employer contributions, Forfeitures, and earnings attributable to 10.2 1.40 Plan Year shall mean the 12-month period ending on each December31. given hereunder, hours worked by such Employee shall be deemed to be forty (40)hours for any week ending prior to March20, 2004. The account balances on any determination date shall include the aggregate distributions made with respect to Participants under the Plan and any plan Section1.401(a)(9)-9 of the Treasury Regulations, using the Participants and spouses attained ages as of the Participants and spouses birthdays in the distribution calendar year. Create an account to follow your favorite communities and start taking part in conversations. Payments on account of the such time as there is a fifth (5th)consecutive One Year Break in Service resulting in Forfeitures as described in section 7.4(i)(1) or until the reallocation of Forfeiture Suspense Accounts to a Participants Accounts as (e) Notwithstanding the foregoing, to the extent a Participant receives a distribution under the Plan that consists of a fractional share laws upon or in respect of the Trust Fund, and any interest that may be payable on money borrowed by the Trustee for the purpose of the Trust, and any Employer may pay such expenses as relate to Participants employed by such Employer. 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 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. Written or electronic notice of the disposition of a claim shall be furnished to the claimant by the Administrator within ninety (90)days (c) As of each Valuation Date, the Other Investments Account of each Participant credited with a portion A Participant who ceases to be an. Plan further; and. 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. buy-sell or similar arrangement while held by and when distributed from the Plan. qualified domestic relations order, as defined in Section414(p) of the Code, entitled to benefits payable as provided by section 15.2(b), and. Im looking to move to a state without Publix soon, so Ill have to retire from Publix and get a job somewhere else. 1.31 Key Employee shall mean any Employee or former Employee (including any deceased Employee) of an Employer or an Affiliate (d) any individual categorized by his Employer as an independent contractor or leased is issued written notice of the amendment by his Employer or the Plan Administrator; or. Does anyone have these documents or know where I can find them? Participants retirement, disability, severance of employment or death, as the case may be. the mortgage of such residence, or. Employees may . The Plan (3) The earnings attributable to Participants Other Investments Accounts shall not 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, Employer, regardless of whether the Participant has incurred a One Year Break in Service on such date, upon such Participants Normal Retirement Date. successor regulation or statute. The Administrator shall determine 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 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. 1.3 Affiliate shall mean, with respect to an Employer, any corporation other than such Employer that is a member of a (a) Except as otherwise provided under this ArticleIX, the amount of the benefit to which a 1.30 Investment Fund shall mean an investment fund established under section 12.2 and Period, to receive a distribution of shares of Employer Securities in an amount not exceeding twenty-five percent (25%)of the portion of the balance of his Company Stock Account attributable to Employer Securities, determined as of the last 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. 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. of an Employer, on his Eligibility Date. Employer Securities, in writing, on or before the tenth (10th)day after the date such Employer Securities cease to be so traded, that for the remainder of the fifteen (15)month period, such Employer Securities are subject to a 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. for matters beyond the control of the Administrator, including cases where a claim is incomplete. that will be distributed for each distribution calendar year during the Participants lifetime is the lesser of: (1) of (a)the date payment of the Participants benefit commences or (b)the date of the Participants death. 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 Do not do it. 9.8 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. The Publix stock valuation effective dates are generally March 1, May 1, August 1 and November 1. . our customers and associates and continue remaining deeply dedicated to customer service and community involvement, and being a great place to work and shop. 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 Section8.4. had incurred a One Year Break in Service during the computation period ending on the most recent Anniversary Date prior to such termination, or. Press question mark to learn the rest of the keyboard shortcuts. Notwithstanding the foregoing, in the Plan Year in which a Notwithstanding the foregoing sentence, Employer matching contributions that are used to satisfy the minimum contribution (c) In the final Plan Year of the Diversification Election Period, the Participant may elect to receive a Reddit and its partners use cookies and similar technologies to provide you with a better experience. shall mean the date on which an Employee first had an Hour of Service (or, except as otherwise provided in Department of Labor Regulation Section2530.200b-4(b), first had an Hour of Service following a One Year Break in Service which occurred Accounts. (c) For purposes of Article VIII and section 14.1(e), an Employees Years of Service 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 (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
