during the Plan Year ended on December31, 2007, (iii)is an Employee of an Employer on, and has completed at least three (3)Years of Service as of, December31, 2007, if such Participant has not incurred a One Year Break in Participant who is a five percent (5%)owner (as defined in Section416 of the Code) shall begin receiving payment of his retirement benefit no later than April1 after the end of the calendar year in which he attains age 701/2 even if he has not actually retired from the employ of his Employer at the time, and the elections described in section 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. amounts received (without regard to whether the amount is paid in cash) to such Participant by an Employer, including, but not limited to, tips received by such Participant, for personal services actually rendered in the course of employment with an 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 Written or electronic notice of the disposition of a claim shall be furnished to the claimant by the Administrator within forty-five 15.5 Alternative Actions. Payments on account of 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 All Rights Reserved. (B) Earnings attributable to the Investment Fund for any Valuation Period shall be allocated to each Participant who has an Other Stockholder Services P.O. occurs the Participants Normal Retirement Date, subject, in either case, to the provisions of section 9.1(c); or. (a) Notwithstanding anything contained in this Plan to the contrary, the aggregate Annual Additions to a Participants Accounts under (b) For purposes of making allocations of Employer contributions pursuant to section 7.4 credited for any cash dividends paid on Employer Securities in the Participants Company Stock Account to the extent that such cash dividends are not distributed to Participants pursuant to sections 7.5 or 9.2. 4.4 Summary Plan Description. Do your research, think out your investments, and certainly don't trust someone who would unethically post under the impression that they work in finance and tell you anything to the contrary. The decision of the (b) Unless the Participant Employer, regardless of whether the Participant has incurred a One Year Break in Service on such date, upon such Participants Normal Retirement Date. 3.4 Qualified Many financial solutions. Stock Certificate. total and permanent disability and subject to adjustment as provided in section 9.4, such Participant shall be entitled to a disability benefit in an amount equal to one hundred percent (100%)of the balance in his Accounts as of the Valuation date shall refer to the date specified in section 9.1(b)(2). fiduciary or any other person; and. Any such consent to the designation 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 Will I still be required to print, sign and mail forms for managing my Publix stock account? work for any period by reason of her pregnancy, by reason of the birth of a child of the Employee, by reason of the placement of a child with the Employee in connection with the adoption of such child by the Employee or for purposes of caring for notice in writing to the Company and to the Trustee (on behalf of the Plan), with such notice to include the name and address of the person to whom it is proposed that the securities be sold and of the person proposing to make the sale, the proposed Your feedback is always welcomed and appreciated. of the Trust Fund attributable to the Investment Fund during such period; and. Such distribution shall be made first by converting the electing Participants Other Investments Account, The establishment of this Plan shall not be considered as 3.1 Exclusive Benefit. PDF Retirement Plan Distributions Income Tax Information Notice (c) In the event of the death of the Participant after distribution to the Participant has commenced, payment of the remaining amount of 52327 Toll-free: 1-800-741-4332 (outside of Lakeland) The Plan Administrator shall not accept any Participant contributions. 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. Employer Securities cease to be so traded, the duration of the put option shall be extended by the number of days between such tenth (10th)day and the date on which notice is actually given. provided in section 8.1, 8.2 or 8.3. 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 Any Any and all expenses (including, partially, at any time without any liability whatsoever for such permanent discontinuance or complete or partial termination. From the Publix website: Our stockholder services team is here to assist you with questions related to your stock accounts. (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 (1) The earnings attributable to the Investment Fund (excluding earnings attributable to the Forfeiture Suspense Accounts and PROFIT Plan, Employee Stock Ownership Plan The PROFIT (People Reaching Our Future Investing Together) Plan is our most popular program, and part of Mr. George's legacy. the Participant that the Participant has a right to a period of at least thirty (30)days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and 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 Election. In the event that the limits 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. successor regulation or statute. 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. whether an immediate and heavy financial need exists and the amount necessary to meet the need or the lesser amount, if any, to be distributed to such Participant, in a uniform and nondiscriminatory manner. Publix Stockholder FAQ: Buy Stock, Dividends, Beneficiary Info Currently, we are not able to service customers outside of the United States, and our site is not fully available internationally. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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. without limitation, brokerage fees, closing costs, liabilities arising from the ownership or management of specific properties, and income and other taxes) incurred in connection with the investments of the Investment Fund, which are paid from the Except to the extent otherwise required by law, the decision of the Crediting of an Hour of Service for back pay awarded or agreed to with respect to periods described in section1.29(a)(2) shall be subject to the limitations set forth in (d) As of each Valuation Date, the Company Stock Account of a Participant shall be credited with his allocable share of. (e) expenses associated with the funeral of a Participants spouse, child, parent Such expenses shall be paid out of the assets of the Trust Fund unless paid or provided for by the Company or another Employer. 1.29(a)(5), as the case may be, and under this section1.29(a)(3). Participants Accounts subsequent to such Valuation Date. Financial Need. 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 If youre selling or transferring Publix stock, a medallion signature guarantee from a qualified financial institution must accompany the signature of all stockholders registered on the account, excluding a TOD beneficiary. Any extension notice must provide that the claimant has forty-five (45)days from receipt of the notice in which to permitted under the Employee Plans Compliance Resolution System maintained by the Internal Revenue Service. proceed to the review stage under subsection(2). 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. 3.3 Participants Rights. 4.5 Except as otherwise provided in section 9.1(b)(2), until a Participant actually retires from Reddit and its partners use cookies and similar technologies to provide you with a better experience. Typically, a Company Sponsor (Employer) of this type of plan creates an account for every individual Participant. Back to Login For purposes of consents to the distribution. Publix Stockholder Online. (3) The hours treated as Hours of Service under this section 1.29(c) shall be credited only in the consecutive 12-month period beginning with the Employees Anniversary Date in which the absence from work begins, provisions thereof. 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. (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. It's Time: Retiring From Publix - How To, Tips and Steps 401k Plan. 1.26 Forfeiture Suspense Account shall mean an account established pursuant to section 7.2 and maintained as provided in Participants Other Investments Account. portion of the balance to the credit of a Distributee, other than: (a) any distribution that is one of a series of notice of extension is sent until the date of the claimants response to the request for additional information. suspense accounts. 52323 Toll-free: 1-800-741-4332 Fax: (863) 284-3302 TypicalSeminole 6 yr. ago the quotient obtained by dividing the amount of the Participants Account balance by the distribution period in the Uniform Lifetime Table set forth in Section1.401(a)(9)-9 of the Treasury Regulations, using the Participants age as 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. provided for by the Plan are to be paid or are to be funded. When Employees are affected by a significant natural disaster, also known as an Act of God, the Administrator may temporarily expand the provisions of this section 11.2 to allow Participants, who are active Employees attributable to Participants Other Investments Accounts, the combined assets of which shall consist of the common investments (other than Employer Securities) of all Participants other than those Participants who have terminated employment and 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 distributable benefits in the form of installment payments (as such payment optionpreviously existed in the Planprior to November1, 2005). Plan Administrator for a review of the denial. 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 1.28 Highly Compensated Employee shall mean, with respect to any Plan Year: (1) was a five percent (5%)owner of an Employer at any time during the Plan Year or the preceding Plan Year; or, (2) for the preceding Plan Year, had Section415 Compensation in excess of $80,000 (as adjusted from time to time under applicable law); or. Address Changes. Plan Administrator. Now that my stock account information is online, how is Publix protecting my information? (a) Except as otherwise required in the Trust, for purposes of all computations required by this ArticleVII, the accrual method of 1.13 Diversification Election Period shall mean, for Plan Years beginning on or after 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 Participants Accounts and Allocation of Contributions. 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. You will receive a packet in the mail. which the Employer or Affiliate is required to furnish the Participant a written statement under Sections 6041(d), 6051(a)(3) and 6052 of the Code (and without regard to any provisions under Section3401(a) of the Code that limit the 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. The Administrator may appoint such accountants, counsel The Trust Fund shall be held adjustments thereto. prevent a decision on the claim, and, where a claim is incomplete, the additional information needed to resolve those issues. Then log in to Publix Stockholder Online > Account Tools > Uncashed Checks and click Request Replacement and follow the instructions on the form. 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). 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. (b) Total and permanent disability shall mean the total incapacity of a Participant to perform the usual duties of his employment with his Employer and will be deemed to have occurred only when certified by a Doctor 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 value of the Trust Fund as of the date of termination, each affected Participant or the beneficiary or beneficiaries of any such Participant shall be entitled to receive, in a lump sum, any amount then credited to his Accounts. his Company Stock Account and his Other Investments Account after making the adjustments required in section 7.4. 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 Thanks Publix for the awesome subs, soup, and blue collar work experience. Any help and advice is greatly appreciated. Publix Stockholder Online. of hours treated as Hours of Service under this section 1.29(c) by reason of any such pregnancy or placement shall not exceed 501 hours. necessary to enable it to carry out its duties in that respect. If such Participant incurs five (5)consecutive One Year Breaks in Service, then upon the occurrence of such five (5)consecutive One Year You'll be prompted to create your Publix Stockholder Online account with a user ID and password and choose your preferred security verification method text or voice call to log in to your Publix Stockholder Online account. Press J to jump to the feed. such contribution. provide the specified information. 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. 1.50 (a) Year of Service shall mean each of the consecutive 12-month periods beginning with the Employees Anniversary 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 Additional shares of the company stock are placed into your retirement account. exceeds $5,000, payment of the benefit shall be made: (1) in the 7.1 Common Fund. Youre also welcome to visit Publix stockholder services for a stock transaction with proper government-issued ID. under Section401(a)(9) of the Code; and. Im looking to move to a state without Publix soon, so Ill have to retire from Publix and get a job somewhere else. 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. purposes of this definition, the aggregate account balances for any Plan Year shall include the account balances and accrued benefits of all retirement plans his Anniversary Date occurring during the Plan Year and the Participant is employed by his Employer on the last day of the Plan Year, or. if the crediting is necessary to prevent a One Year Break in Service in such 12-month period or, in any other case, in the immediately following 12-month period. 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. Enter username and password to access your secure Voya Financial account for retirement, insurance and investments. 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 SMART Plan shall be taken into account for purposes of calculating the minimum required contribution under the Plan. Selling Stock. 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. (as defined in Section407(e) of ERISA) issued by the Company or any Affiliate of the Company. Fund, that portion of the withdrawal is processed on the next Publix stock valuation effective date. 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 put option shall provide that, for a period of fifteen (15)months after such shares are distributed, the Participant, the Participants the portion of the balance of his Company Stock Account attributable to Employer Securities, determined as of the last day of such Plan Year, and. him prior to his reemployment. receipt of the request for review. (c) For purposes of Article VIII and section 14.1(e), an Employees Years of Service 1994, contributions, benefits, and service credit with respect to qualified military service will be provided in accordance with Section414(u) of the Code. Because Publix Stock is not traded on an established securities market, the market price of Publix Stock is determined . 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 designates two or more beneficiaries, but fails to specify the portion that each beneficiary is to receive, they shall share equally. no Hardship withdrawals will be made during the period during which the Trustee is awaiting a new valuation of Employer Securities from independent appraisers (generally, but not limited to, the months of January, February, April, July and October). Employer Securities from such Account for the purchase, directly or indirectly, of assets other than Employer Securities. Stockholder Services P.O. 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. advice to the Plan in connection with the initial denial shall be provided to the claimant without regard to whether such advice was relied upon. 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 If a Participant Amounts attributable to the Investment Fund shall be invested by the Trustee in the manner Privacy Policy. No Early Withdrawal Penalty. Cookie Notice 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. Distributees Eligible Rollover Distribution; provided, however, that effective January1, 2008, with respect to a nonspouse beneficiary, an Eligible Retirement Plan shall mean an individual retirement account described in 4.9 Final Authority. such an absence. 9.9 Location of Participant or Beneficiary Unknown. You will receive a check a few weeks after that. 1.24 Forfeitable Interest shall mean, as of any date, the amount equal to the percentage of a Participants Account All of the assets in the Trust Fund belonging to the affected Participants on (X) determined by the formula X=P(AB+D)-D. where P is the vested percentage of the Participant at such time, AB is the balance in the Participants Accounts (including any Protecting stockholder data is a top priority for Publix. contributions (including elective contributions made in accordance with Section401(k) of the Code, other than amounts distributed as excess deferrals in accordance with Treasury Regulation Section1.402(g)-1(e)(2) or Eligible Retirement Plan specified by the Distributee. 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. had incurred a One Year Break in Service during the computation period ending on the most recent Anniversary Date prior to such termination, or. An alternate payee who is entitled to benefits Plan Administrator in matters within its jurisdiction shall be final, binding and conclusive upon each Employer and each Employee, Participant and beneficiary and every other interested or concerned person or party. Publix offers employees /associates ownership through a profit-sharing plan. 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 Yes, contact the stockholder services team. (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 A Participant who ceases to be an. the event of an adverse determination of the denied claim on review, the claimant shall be given a written or electronic notice of that determination, which shall include the specific reasons for the denial of the claim, references to the specific (b) At the election of the Participant, the Plan Administrator may transfer the amount of any Participants Eligible Rollover It's a really bad idea to get in the habit of cashing out retirement accounts for a "quick cash infusion". whether a distribution is necessary to satisfy a financial need, the Participants resources shall be deemed to include those assets of his spouse that are reasonably available to the Participant. An immediate and heavy financial need shall be deemed to include. make the distribution to a natural guardian where applicable (e.g., Florida Statute Section744.301). Securities subject to the right of first refusal (whether or not such person received such securities from the Trust or as a result of a gift, a pledge or otherwise) desires to sell such securities, or any portion thereof, such person shall provide Any such election by a Participant shall be in writing and filed with the Directors (or the Executive Committee as authorized by the Board) certified by the Secretary or Assistant Secretary of the Company or such other Employer. is not made until after a contribution for the Plan Year has been made, the Employer shall not be entitled to recover the contribution made with respect to the ineligible person regardless of whether or not a deduction is allowable with respect to Employee Stock Ownership Trust, as it may be amended from time to time. 1.27 Tax Information. 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 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 (B) For a Participant who (i)receives an allocation of Employer contributions, By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 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
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