2023 PROFIT Plan hardship withdrawal for Broward County
May 04, 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 severe storms, tornadoes and flooding in Florida from
April 12 – April 14, 2023.
On April 28, 2023, President Biden declared Broward County as a major disaster area. Residents in Broward County are eligible for the Federal Emergency Management Agency (FEMA) Individual Assistance Program. For additional information, visit FEMA.gov.
What the withdrawal covers
Damages to primary residences, personal vehicles or both for eligible associates and/or their eligible family members are covered. The covered costs also 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 Dec. 20, 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
- May 5 – June 30, 2023
- Aug. 11 – Sept. 29, 2023
- Nov. 10 – Dec. 22, 2023
- March 8 – 29, 2024
- May 10 – June 28, 2024
- Aug. 9 – Sept. 27, 2024
- Nov. 8 – Dec. 20, 2024