By Emily - April 1, 2021

Three ways to become a company owner

We own it

You’ve probably heard the saying, “Money doesn’t grow on trees.” But your money has the opportunity to grow when you save in one or all of our three paths to company ownership.

PROFIT Plan
We get it. Saving is hard — spending money at your favorite coffee shop is easier. Thanks to Publix offering the PROFIT Plan, you’re enrolled in this retirement plan just by working here. After you complete 1 year of continuous employment and work at least 1,000 hours, you become eligible to participate. Publix makes a contribution each year in early March that participants share in based on their eligible wages for the prior year.

Once you register for your Publix Stockholder Online (PSO) account, you can view your balance at any time after Publix makes the first contribution to your PROFIT Plan account. And the contribution is automatic — so it’s easier than your coffee order!

401(k) SMART Plan
So, your PROFIT Plan has started growing, and you’re seeing the benefits of saving. You’ve decided to double down on your budget by sacrificing a few coffees per month to contribute your pay to the 401(k) SMART Plan. Talk about a smart decision!

You can enroll in this retirement plan after 6 months of employment. It allows you to contribute up to 30% of your eligible pay on a pre-tax basis to your SMART plan account — including up to 30% of your holiday bonus. You have 12 investment fund options in which you can elect to invest your money, and this includes investing up to 25% in the Publix Stock Fund. And Publix offers a matching contribution, too, with the same eligibility as the PROFIT Plan!

The sooner you start contributing, the more you can save toward your retirement. So, don’t wait — enroll in the 401(k) SMART Plan today.

Employee Stock Purchase Plan (ESPP)
Have you cut out your $5-per-day cold brew completely? Way to go! You may want to consider investing your extra cash in Publix stock through the ESPP.

The ESPP is offered by Publix to associates who have 1 year of continuous employment and have not sold stock back to Publix within the last year. You can purchase Publix stock in an individual, joint or custodial account during 4 offering periods each year. To get started, visit your PSO account and complete a purchase agreement form.