2020 PROFIT Plan results

March 02, 2021

Publix is pleased to announce its PROFIT Plan contribution is 8% of eligible wages for the 2020 plan year. The PROFIT Plan is an employee stock ownership plan (ESOP) — a type of retirement plan.

You automatically become a participant in the PROFIT Plan once you complete one year of employment in which you receive at least 1,000 work credit hours. You receive work credit hours for hours for which you’re paid and for certain company-approved leaves of absence. 

Publix’s contribution to the PROFIT Plan is made in Publix stock at no cost to associates. If you received at least 1,000 work credit hours in your anniversary year that ended during 2020 and were employed as of Dec. 31, 2020, you were eligible to share in Publix’s contribution for the 2020 plan year. 

Your share of the contribution is valued at 8% of your eligible wages. Your eligible wages are generally the pay you received from the date you became a PROFIT Plan participant in 2020 through Dec. 31, 2020. If you were a participant prior to 2020, your eligible wages are generally the pay you received during 2020.

Over 144,000 full- and part-time associates shared in Publix’s contribution to the PROFIT Plan for the 2020 plan year. The value of the average contribution was approximately $2,900 per associate. 

“Our associates are vital to Publix’s success, and I’m proud we invest in them through contributions to our PROFIT Plan,” said Vice President of Benefits Administration Linda Kane. “It’s one of the many reasons why Publix is considered a great place to work.” 

Associates can view their PROFIT Plan account balance by visiting Publix Stockholder Online or the 401(k) SMART Plan website.

In addition to the Publix contribution, the value of Publix stock increased 23% for the 2020 plan year, excluding dividends. This percentage is based on the $11.30 increase (from $48.90 per share to $60.20) in the Publix stock valuation for the fiscal fourth quarter ended Dec. 28, 2019 (stock valuation effective March 1, 2020), through the fiscal fourth quarter ended Dec. 26, 2020 (stock valuation effective March 1, 2021).

Over the last 10 years, the growth of Publix stock has averaged 11% per year (excluding dividends and determined as of March 1, 2021). Please remember, past performance is no guarantee of future results.