2023 PROFIT Plan hardship withdrawal for Hurricane Idalia

Sep. 14, 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 Idalia, beginning Aug. 27, 2023.

President Joe Biden has declared areas in Florida and South Carolina as states of emergency. Residents in Citrus, Columbia, Dixie, Gilchrist, Hamilton, Hernando, Jefferson, Lafayette, Levy, Madison, Pasco, Pinellas, Suwannee and Taylor counties of Florida may be eligible for the Federal Emergency Management Agency (FEMA) Individual Assistance Program. For additional information and an updated list of counties approved for assistance, visit FEMA.gov.

What the withdrawal covers

Damages caused by Hurricane Idalia 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 March 28, 2025.

Request form and information

Contact the retirement department at (863) 688-7407, ext. 52327; outside the Lakeland calling area, dial 1-800-741-4332 (toll-free). You must submit a natural disaster hardship withdrawal request form with supporting documentation for the amount requested to satisfy the financial hardship.

Distribution of funds if approved

Approved distributions are made from the PROFIT Plan on Fridays during open periods, which are:

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
March 7 – 28, 2025