Company ownership is one of the greatest benefits an employer can offer its associates. And it’s another reason Publix is a great place to work — we own our company through the PROFIT Plan.
Mr. George passionately believed when you own something, you tend to take better care of it. The same is true today. As company owners, we know it takes all of us doing the right thing — like carrying on the legacy of Mr. George and executing our strategic tasks — to make Publix successful. When our customers come back to shop with us again and again, our company continues to be successful. And when Publix is successful, we reap the benefits through our PROFIT Plan accounts.
Owning the best company in the world!
Publix contributed 8.5 percent of participants’ eligible wages to the PROFIT Plan for the 2014 plan year. This means each eligible associate received a new contribution of Publix stock to their PROFIT Plan account valued at 8.5 percent of their eligible wages for the 2014 plan year. This contribution is made by Publix at no cost to you.
You automatically participate in the PROFIT Plan after completing one year of service in which you’re credited with at least 1,000 work credit hours. As a participant, you were eligible to share in Publix’s contribution to the PROFIT Plan if you worked at least 1,000 hours during your anniversary year that ended in 2014. If you weren’t vested in your PROFIT Plan account, you had to be employed with Publix as of Dec. 31, 2014, to share in the contribution.
In addition to Publix’s contribution to the PROFIT Plan, the value of Publix stock increased 29.5 percent for the 2014 plan year, excluding dividends. This percent is based on the $8.90 increase (from $30.15 per share to $39.05) in the Publix stock valuation for the fiscal fourth quarter ended Dec. 28, 2013 (stock valuation effective March 1, 2014), through the fiscal fourth quarter ended Dec. 27, 2014 (stock valuation effective March 1, 2015). Please remember, past performance is no guarantee of future results.
Company ownership gives back too
Last month, Publix announced a semi-annual dividend of $0.39 per share to stockholders of record as of April 30, 2015. The dividend will be paid June 1, 2015, either through direct deposit or mailed as a check to stockholders.
Your PROFIT Plan dividend will be direct deposited in your primary account on PASSport on the dividend payment date, unless you elect an alternate payment option.
For the Publix stock you’ve purchased through the Employee Stock Purchase Plan, save yourself a trip to the bank. You can have your dividend automatically deposited in your bank account on the dividend payment date. Access the online direct deposit election form by visiting PASSport > Benefits > Publix Stock > Stock Account Direct Deposit. Complete the online form, print and sign the form as indicated, and send it along with a voided check to stockholder services. Please be sure to carefully follow the instructions on the form so stockholder services can accept and process your form.
The group benefits stories in Publix News are published to assist associates in understanding Publix’s benefits plans. The information is in summary form only and does not replace the provisions in the benefit plan documents. If there is any conflict between the content of Publix News and the plans themselves, the terms of the plans will be the final authority.
