Publix announces 2018 PROFIT Plan results

March 04, 2019

Publix is pleased to announce its PROFIT Plan contribution is 8 percent of eligible wages for the 2018 plan year. This means each eligible associate received a new contribution of Publix stock to their PROFIT Plan account valued at 8 percent of their eligible wages.

Over 134,000 full- and part-time associates shared in Publix’s contribution to the PROFIT Plan for the 2018 plan year. The value of the average contribution was approximately $2,550 per associate. This contribution was made by Publix at no cost to our associates.

“One of the reasons Publix is a Great Place to Work is our PROFIT Plan benefits. We are committed to investing in our associates’ futures through the PROFIT Plan,” said Vice President of Benefits Administration Linda Kane. “From the very beginning, Mr. George believed in company ownership and investing in our associates. Our PROFIT Plan continues to successfully perpetuate these cornerstones of Publix’s culture.”

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 3.5 percent for the 2018 plan year, excluding dividends. This percentage is based on the $1.45 increase (from $41.40 per share to $42.85) in the Publix stock valuation for the fiscal fourth quarter ended Dec. 30, 2017 (stock valuation effective March 1, 2018), through the fiscal fourth quarter ended Dec. 29, 2018 (stock valuation effective March 1, 2019).

Over the last 10 years, the growth of Publix stock has averaged 10.3 percent per year (excluding dividends and determined as of March 1, 2019). Please remember, past performance is no guarantee of future results.