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 (c) As of each Valuation Date, the Other Investments Account of each Participant credited with a portion Plan. to time under applicable law). 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 Written or electronic notice of the disposition of a claim shall be furnished to the claimant by the Administrator within ninety (90)days Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. 4.3 Direction of Trustee. What was your experience using your profit plan stock as a down payment. In the event that a Participant does not consent to a distribution of a benefit in excess of $1,000 to which he is entitled under section 8.1, 8.2, or 8.3, the (b) he has not performed any service for an Employer during the one-year period ending on the determination date. Be sure to follow the instructions on the printed form. 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 6.3 Participant Contributions Not Permitted. (g) For purposes of section 9.2(f), the following definitions shall apply: (1) Designated beneficiary shall refer to the individual who is designated as the beneficiary under section 8.4 and is the Plan provisions on which the determination is based, a statement that the claimant is entitled to receive, upon request and free of charge, access to, and copies of, all documents, records and other information relevant to the claim, a description 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. (ii) that portion of the income earned or (b) once per Plan Year and once per purchase, payments (other than mortgage payments) up to a maximum of $10,000 directly related to the All Rights Reserved. (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 that section; (4) an hour for which an Employee is on an unpaid leave of absence or during a similar apply to any offset of a Participants benefits provided under the Plan against an amount that the Participant is ordered or required to pay to the Plan if: (1) the order or requirement to pay arises: (A) under a judgment of conviction for a crime involving the Plan, (B) under a civil judgment (including a consent order or decree) entered by a court in an action brought in connection with a violation Then suddendly in 2 years I had lost $9000, current stock price $36! Will I still have access to the stockholders site after Ive left Publix? (b) Unless the Participant Any extension notice must provide that the claimant has forty-five (45)days from receipt of the notice in which to If such an extension is required, written notice of the extension, including the reasons for the extension and the date by which a decision by the named fiduciary responsible for reviewing the It shall be the duty of the Administrator to direct the Trustee with regard to the distribution of the benefits Account shall mean an account established pursuant to section 7.2 with respect to Employer contributions invested in Employer Securities and adjustments thereto. 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. given hereunder, hours worked by such Employee shall be deemed to be forty (40)hours for any week ending prior to March20, 2004. include any appreciation, depreciation, dividends, other income or loss attributable to the Plans investment in Employer Securities. The fastest and easiest way is to register for a Publix Stockholder Online account. Notwithstanding the foregoing sentence, Employer matching contributions that are used to satisfy the minimum contribution Thank you for any help. Notwithstanding any provision of this Plan to the contrary, effective as of December12, Any (f) In the event that distribution to the Participant commences under section 9.1(b)(2), the minimum amount 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 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 Participant is entitled under ArticleVIII hereof shall be paid to him, to the extent possible, in units of Employer Securities. 1.39 Plan Administrator shall mean the Company. 7.2 Establishment of Accounts. the Participants Account shall be made in a single lump sum payment as soon as administratively practicable following the death of the Participant. Participant; (e) shall amend any vesting schedule with respect to any Participant who has at least three Years of Service (2) If a claim is denied, a claimant or his duly authorized representative shall have sixty (60)days after the receipt of such denial to petition the Plan Administrator in writing for a full and fair review of Shares of Publix stock may be directly rolled over to an IRA; however, not all IRAs can . Shares held in a PROFIT Plan account cannot be sold through Publix Stockholder Online. Investments Account (excluding Forfeiture Suspense Accounts) as of the preceding Valuation Date. requirement hereunder shall be treated as matching contributions for purposes of the actual contribution percentage test under the Publix Super Markets, Inc. 401(k) SMART Plan. 1.46 Trust Fund shall mean the trust fund established under the Trust from which the amounts of benefits Create an account to follow your favorite communities and start taking part in conversations. be reallocated as of the end of the next Plan Year and any succeeding Plan Years until all amounts in the Section415 Suspense Account are exhausted. Privacy Policy. You are going to blow through this money so fast. (b) Notwithstanding the provisions of section 1.29(a), each Employee who was employed by the Company, Publix Food Stores, Inc., or Publix Market, Inc. on October1, 1975, shall be credited with one thousand (1,000)Hours of 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 Date if during such consecutive 12-month period, the Employee completes 1,000 Hours of Service for an Employer or an Affiliate thereof. The Publix 401k is administered by an outside investment company, Voya. 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. determination of the denied claim on review (regardless of whether adverse) within forty-five (45)days after receipt of the request for review, unless the named fiduciary responsible for review of the claim determines that a hearing is needed Restoration under this section 9.9 shall constitute the first use of Forfeitures in a year, and the Forfeitures available for allocation under section Single log-in. Expenses of Administration of the Plan and the Trust Fund. 15.7 Veterans Reemployment Rights. Press J to jump to the feed. 1.38 Plan shall mean the Publix Super Markets, Inc. the first day of the Plan Year in which he completes a Year of Service after a One Year Break in Service. Employer Securities from such Account for the purchase, directly or indirectly, of assets other than Employer Securities. Publix offers employees /associates ownership through a profit-sharing plan. 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. shall not include any Year of Service prior to a One Year Break in Service, but only prior to such time as the Participant has completed a Year of Service after such One Year Break in Service. 1.36 Other Investments Account shall mean an account established pursuant to section 7.2 with respect to investments of Employer contributions in assets other than Employer Securities, and Contact your financial institution or brokerage firm for information regarding medallion signature guarantee services. prepared a Summary Plan Description (if required by law) and such periodic and annual reports as are required by law. Employee Stock 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 Publix 401(k) SMART Plan. The extension shall not exceed an additional forty-five (45)days. payment by the Company or an Employer shall not be deemed a contribution to this Plan. 7.7(a)(2). Participants Other Investments Account. of any voluntary appeal procedures offered under the Plan, the claimants right to obtain information about such procedures, a statement regarding the claimants right to bring a civil action under Section502(a) of ERISA, if 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 Register for a Publix Stockholder Online account. 3.2 Mistake of Fact. (4) The period during which a put option is exercisable shall not include any time when a distributee is unable to exercise it because the before the time prescribed by law, including extensions thereof, for filing such Employers federal income tax return for its taxable year with which or within which such Plan Year ends. restricted consent (which may not be changed as to the beneficiary unless the Eligible Spouse consents to such change in the manner described herein). (Our apologies!) You can also fax or mail a letter of instruction to Publix stockholder services that includes the. of any further benefit under this Article. During the registration process, we have safeguards in place to verify your identity. 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 partially, at any time without any liability whatsoever for such permanent discontinuance or complete or partial termination. 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. Adjustments shall be made to the regarding the claimants right to review, upon request and free of charge, all documents, records or other information relevant to the claim and (h) In the event that a Participant elects to receive a diversification distribution from his Company Stock Account pursuant to Plan Year in which this Plan is a Top Heavy Plan, a Participant who is employed by an Employer on the last day of such Plan Year, who is a Non-Key Employee, who earns Compensation from an Employer for such Plan Year shall be entitled to share in the 1.27 7.3 Interest of Participant. 4.7 Nondiscrimination. Employee Stock Ownership Plan, which has been amended (whether or not incorporated) under common control, within the meaning of Section414(c) of the Code, with such Employer; any service organization other (3) If a Participant is less than one hundred percent (100%)vested in his Accounts and his Forfeitable Interests have been placed in Forfeiture Suspense Accounts pursuant to section the distribution calendar year that includes the Participants date of death. Publix Stockholder Tax FAQs | Publix Super Markets Home About Publix Publix FAQs Stockholder Tax Information Stockholder Address Changes Beneficiary/Transfer on Death (TOD) Dividends Medallion Signature Guarantee Publix Stockholder Online Purchasing Stock Selling Stock Stock Certificate Tax Information Transfer Agent Transferring/Gifting Stock our customers and associates and continue remaining deeply dedicated to customer service and community involvement, and being a great place to work and shop. The Company shall bear all distributable benefits in the form of installment payments (as such payment optionpreviously existed in the Planprior to November1, 2005). Then log in to Publix Stockholder Online > Account Tools > Uncashed Checks and click Request Replacement and follow the instructions on the form. to receive and account for such benefit to and on behalf of the Participant or beneficiary, or. Your feedback is always welcomed and appreciated. by the Code and other applicable law, the provisions of Article VIII and this ArticleIX shall not apply. percent (100%)of the balance in his Accounts as of the Valuation Date immediately preceding or concurring with the date of his retirement, increased by the amount of contributions, if any, made by his Employer to, and decreased by any (1) The earnings attributable to the Investment Fund (excluding earnings attributable to the Forfeiture Suspense Accounts and The Plan Administrator shall provide each Participant entitled to a distribution of more than $1,000 with a written notice of his rights, which shall include an explanation of the alternative dates for distribution of Any such consent to the designation 10.2 claims related to total and permanent disability under section 8.2, the following procedures shall apply: (1) Claims for 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. 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 In order to protect your personal information, we automatically log you out of your account after a certain period of inactivity. Also not in limitation, but in amplification of the foregoing, the Administrator shall have the power and discretion to adopt and implement rules for the purpose of The amount of any benefit to which a Any Employer, in its sole and absolute discretion, may permanently discontinue making contributions under this If you have an individual or joint account, the fastest and easiest way is to register for a Publix Stockholder Online account. (4) Notwithstanding the foregoing, a Participant shall be one hundred percent (100%)vested in his Accounts upon attaining his Normal For distributions beginning before the Participants death, the first distribution calendar 14.4 Method of Discontinuance. Box 32040 Lakeland, Florida 33802-2040 Corporate address 3300 Publix Corporate Pkwy Lakeland, Florida 33811-3311 Phone numbers Telephone: (863) 688-7407, ext. time in the manner provided in the Trust. week payroll period immediately preceding the unpaid period for which Hours of Service are being given hereunder; or in any case in which the Administrator Im looking to move to a state without Publix soon, so Ill have to retire from Publix and get a job somewhere else. his Company Stock Account and his Other Investments Account after making the adjustments required in section 7.4. 3.4 Qualified If such notice is given after the tenth (10th)day after the date such (b) any former Employee who separated from service (or was deemed to have separated from service) prior to the Plan Year and performs no 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 Typically, a Company Sponsor (Employer) of this type of plan creates an account for every individual Participant. 1.10 (a) Compensation shall mean, with respect to a Participant, the wages, salaries, fees for professional services, and other A Participant whose Forfeitable Interests are placed in a Forfeiture Suspense Account is not entitled to earnings on such Forfeitable Interests and is not entitled to any cash dividends on any Employer Securities held in the Forfeiture Suspense Retired. under the put option. (a) expenses of uninsured medical 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. (a) In the event an Employer decides to terminate this Plan and the Trust, such decision shall be evidenced by an appropriate resolution 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. I guess we'll just both have to hope I don't "loose" it. Investment in Publix Stock represented 77.7% and 79.8% of the Plan's net assets available for plan benefits as of December 31, 2020 and 2019, respectively. Notwithstanding the preceding provisions of this section. (d) Notwithstanding the other provisions of this Plan, in the event that an alternate payee under a Qualified Domestic Relations Order, as (3))allocated to the Participant under any defined contribution plan maintained by an Employer or an Affiliate; (b) Such The Administrator shall notify the claimant in writing or in electronic form of the 3.3 Participants Rights. NOW, THEREFORE, the Plan hereunder, to change any provision relating to the administration of this Plan and to change any provision relating to the distribution or payment, or both, of any of the assets of the Trust. of Medicine who is licensed to practice medicine in the State in which the Participant was employed by his Employer and who is acceptable to the Plan Administrator, and only if such proof is received by the Administrator within one hundred eighty (c) Notwithstanding the foregoing, if the Participant is married for not less than one year as of the date of his death, the Participants surviving Eligible Spouse shall be deemed to be his designated It's a really bad idea to get in the habit of cashing out retirement accounts for a "quick cash infusion". 1.21 Employer Securities shall mean common stock, any other type of stock or any marketable obligation end of the Plan Year coincident with or immediately following the date such fifth (5th)consecutive One Year Break in Service occurs. Many financial solutions. 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). disability benefits under the Plan may be made by a Participant on forms supplied by the Plan Administrator. Nevertheless, it is your own financial future. ArticleX, the Participants Company Stock Account shall be charged with the amount of the Employer Securities that are distributed during the Valuation Period ending with the current Valuation Date. Financial Need. 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 purchase must provide for adequate security, a reasonable interest rate and a payment schedule providing for cumulative payments at any time not less than the payments that would be made if made in substantially equal annual installments beginning Except as otherwise provided in section 9.1(b)(2), until a Participant actually retires from Once stockholder services receives your properly completed Stock Sale Request Form and stock certificate(s), sales checks are typically processed and mailed to the address on file for the stock account within 3 business days. 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 Prior to January1, 2000, this Article X of the Plan applied only to Employer Securities (2) Forfeitures of assets other than Employer Securities. of another beneficiary must acknowledge the effect of the consent, must be witnessed by a Plan representative or by a notary public and shall be effective only with respect to that Eligible Spouse. him prior to his reemployment. method used in determining the amount of any such contribution, or to collect the same, but the Trustee shall be accountable only for funds actually received by it. PROFIT Plan (employee stock ownership plan) account or 401 (k) SMART Plan account. Payment of Dividends. This Plan shall be administered, construed, and enforced according to the laws of the State of Florida, except to the extent such laws have been expressly preempted by federal law. Employer, regardless of whether the Participant has incurred a One Year Break in Service on such date, upon such Participants Normal Retirement Date. Now Im resending a new package but I need the Publix documents again which are: Hardship withdrawal request form Election to sell form Financial hardship withdrawal affidavit, These were originally mailed to me but Ive already included them in my first incomplete mailing. completed. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. (c) payment of tuition, related provided in section 8.1, 8.2 or 8.3. An alternate payee who is entitled to benefits 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 52323 Toll-free: 1-800-741-4332 Fax: (863) 284-3302 TypicalSeminole 6 yr. ago 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 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. each Participants interest in the Trust Fund. Each Employer may make a contribution to the Trust for each Plan Year. any right of any kind whatsoever with respect to the Trust, or any estate or interest therein, or with respect to any other property or right, other than the right to receive such distributions as are lawfully made out of the Trust, as and when the Thanks for actually answering the question rather than giving me the corporate line. (c) any distribution on account of Hardship. the date of discontinuance specified in such resolutions shall, aside from becoming fully vested as provided in section 14.3, be held, administered and distributed by the Trustee in the manner provided under this Plan. Address Changes. Eligible Retirement Plan shall mean an individual retirement account described in Section408(a) of the Code, an individual retirement annuity described in Section408(b) of the Code, an annuity plan described in 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 Administrator, by action of its Board of Directors, shall designate one or more of its Employer, and the Plan from further liability on account thereof.
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