PROFIT Plan hardship withdrawal for Hurricane Ian
Sep. 30, 2022
The PROFIT Plan, our employee stock ownership plan, has temporarily expanded its hardship withdrawal provision to assist Publix associates and/or their family members impacted by Hurricane Ian in the areas declared natural disaster areas by President Biden.
President Biden declared 9 counties in the State of Florida as major disaster areas beginning Sept. 23. Four additional counties were added Sept. 30.
Residents in the designated counties are eligible for the Federal Emergency Management Agency (FEMA) Individual Assistance program. For a list of the eligible counties, visit FEMA.gov.
What hardship withdrawals help cover
Damages to the primary residences, personal vehicles or both for eligible associates and/or their eligible family members. The costs covered include insurance deductibles and uninsured repairs.
Eligibility
To receive a hardship withdrawal, you must be an active associate who
- is vested in your PROFIT Plan account and
- has no other means to satisfy your financial hardship, including
- money that is readily available through assets you own or
- financial assistance available through FEMA and/or individual insurance policies.
Expiration date for this temporary provision
March 29, 2024
Request form and information
Contact the retirement department at (863) 688-7407, ext. 52327; outside the Lakeland calling area dial toll-free 1‑800‑741-4332. Supporting documentation for the amount requested to satisfy the financial hardship must be submitted with the form.
Distribution of funds if approved
Approved distributions are made from the PROFIT Plan on Fridays during open periods, which are
- Nov. 11 – Dec. 16, 2022
- March 10 – 31, 2023
- May 5 – June 30, 2023
- Aug. 11 – Sept. 29, 2023
- Nov. 10 – Dec. 22, 2023
- March 8 – 29, 2024