PROFIT Plan hardship withdrawal for by Hurricane Nicole

Jan. 19, 2023

The PROFIT Plan, our employee stock ownership plan, has temporarily expanded its hardship withdrawal provision to assist Publix associates and/or their family members affected by Hurricane Nicole in the 6 Florida counties declared major disaster areas by President Biden.

President Biden declared the following counties as major disaster areas beginning Nov. 7, 2022:

Brevard
Flagler
Lake
Putnam
St. Johns and
Volusia.

Residents in these counties are eligible for the Federal Emergency Management Agency (FEMA) Individual Assistance Program. For additional information, visit FEMA.gov.

What the PROFIT Plan hardship withdrawal helps 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: This provision will expire June 28, 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

March 10 – 31, 2023
May 5 – June 30, 2023
Aug. 11 – Sept. 29, 2023
Nov. 10 – Dec. 22, 2023
March 8 – 29, 2024
May 10 – June 28, 2024