PROFIT Plan
The PROFIT Plan is an Employee Stock Ownership Plan (ESOP), which is a qualified defined contribution plan that invests in primarily Publix stock. You become a company owner just by working here. Publix contributes Publix stock to this plan each year. All you have to do is choose your beneficiary. Review the plan comparison to learn the differences between Publix’s retirement and stock plans.
Eligibility
You automatically become a participant in the PROFIT Plan once you complete one year of employment during which you reach 1,000 or more work credit hours.
Publix’s contribution
Publix’s contribution to the PROFIT Plan is determined and approved by the Publix board of directors each year and is generally made in the form of Publix stock.
As a participant, you’re eligible to receive Publix’s contribution for a plan year (Jan. 1 – Dec. 31) if you reach 1,000 or more work credit hours in your anniversary year that ends in that plan year. If you’re not vested, you must also be employed with Publix as of Dec. 31 of that plan year.
Manage your account
Since you do not contribute to this plan, there’s little required to maintain it. Register for a secure and confidential Publix Stockholder Online account. There, you can:
- view your account balance, dividend payment history and tax documents
- sign up for or manage direct deposit for dividends and
- manage online delivery preferences.
You can also view information on your PROFIT plan account by viewing your annual Publix Retirement Benefits Summary.
The following are work credit hours that accumulate toward your completion of a year of credited service.
- Hours paid to you for regular, overtime, holiday, vacation, sick, jury duty and bereavement pay
- Hours allotted to you for company-approved leaves of absence for the Family and Medical Leave Act (FMLA), workers' compensation, domestic/sexual violence leave and military leave.
If you're on disability leave, you do not receive work credit hours unless you're receiving sick pay during the leave.
Un plan cualificado de contribución definida es un tipo de plan de jubilación que requiere que usted tenga derechos en su cuenta para recibir contribuciones de la empresa al momento de la jubilación. Este plan se rige por las leyes federales, como la Ley de Seguridad de Ingresos de Jubilación para empleados, conocida como ERISA (por sus siglas en Ingles).
Se obtiene un año de servicio acreditado cuando alcanza 1,000 de crédito laboral en su aniversario. Su aniversario se basa en su fecha de contratación.
Las siguientes son horas de crédito laboral que se acumulan para completar un año de servicio acreditado.
- Horas pagadas a usted por tiempo regular, tiempo extra, día feriado, vacaciones, enfermedad, servicio de jurado y pago por duelo.
- Horas asignadas a usted para los permisos de ausencia aprobados por la compañía para la Ley de Ausencia Familiar y Médica (FMLA), compensación para trabajadores, licencia por violencia doméstica / sexual y licencia militar.
Si tiene permiso de ausencia por discapacidad, no recibirá horas de crédito laboral a menos que reciba un pago por enfermedad durante el permiso.
The information provided on this website is intended to assist associates in understanding Publix's benefits. The information is in summary form and does not cover all details of the benefits. For specific benefit details, please see Your Associate Handbook or the Benefits Plan Documents. If there is a conflict between the information on this website and the contents of the handbook or plan documents, the terms of the handbook or plan documents control.
