Our history of company ownership began more than 90 years ago with our founder, Mr. George. He knew if he took care of his associates, they would take care of their customers. So, he came up with a plan to help his associates own shares of Publix.

Today, this culture of company ownership is perpetuated through the PROFIT Plan, 401(k) SMART Plan and Employee Stock Purchase Plan (ESPP).

PROFIT Plan
The PROFIT Plan is a type of retirement plan known as an employee stock ownership plan (ESOP). This plan is comprised of Publix stock contributed by Publix for the benefit of its associates. Full- and part-time associates automatically participate in the plan once they meet the eligibility requirements. And associates directly receive dividends paid on Publix stock.

If you’ve completed 1 year of continuous employment with Publix in which you worked at least 1,000 hours, we have great news — you’re a participant in the PROFIT Plan.

Publix contributes Publix stock to your retirement account as long as you work 1,000 hours in each anniversary year of employment and are employed on Dec. 31. For the year you become a participant, your contribution is based on your eligible wages upon becoming a participant through Dec. 31. Each subsequent year is based on your eligible wages from Jan. 1 through Dec. 31.

The PROFIT Plan is an essential part of our company ownership culture!

401(k) SMART Plan
The SMART plan is a type of retirement plan where you can save for your retirement, and Publix offers a matching contribution to eligible associates.

If you’re at least 18 years old and you’ve reached 6 months of employment with Publix, you’re eligible to enroll in this plan. You can contribute up to 30% of your eligible pay each pay period on a pretax basis up to the IRS limit – that includes your holiday bonus too.

The SMART plan offers 12 investment fund options, including the Publix Stock Fund. You can elect to invest up to 25% of your contributions in the Publix Stock Fund. This is just another way you can become a company owner! And dividends paid on Publix stock held in the Publix Stock Fund are reinvested in your SMART plan account.

Employee Stock Purchase Plan (ESPP)
This plan gives you the opportunity to directly purchase Publix stock in an individual account, joint account with your spouse or custodial account for the benefit of your child. Unlike the PROFIT and 401(k) SMART plans, it’s not a retirement plan.

You’re eligible to purchase Publix stock after you’ve completed 1 year of continuous employment with Publix, subject to certain restrictions.

To learn more about our culture of company ownership, talk with your manager. You also can visit PASSport for more information on the plans and complete eligibility details.

Be on the lookout next month for our annual PROFIT Plan contribution. If you’re eligible, you’ll receive a contribution of Publix stock to your PROFIT Plan account — at no cost to you!

Your 2022 Publix Retirement Benefits Summary will be posted on PASSport by the end of March.