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1.28 Highly Compensated Employee shall mean, with respect to any Plan Year: (1) was a five percent (5%)owner of an Employer at any time during the Plan Year or the preceding Plan Year; or, (2) for the preceding Plan Year, had Section415 Compensation in excess of $80,000 (as adjusted from time to time under applicable law); or. (b) Upon the retirement of a Participant as provided in section 8.1(a) and subject to adjustment as provided in section 9.4, such Participant shall be entitled to a retirement benefit in an amount equal to one hundred 1.2 Administrator shall mean the Plan Administrator. For the record, I've already fully thought out taking the penalty for cashing out early, and not just holding onto the stocks. Account. in the Plan. Qualified Domestic Relations Order. first refusal may be exercised, the Employer Securities subject thereto must not then be listed on a national securities exchange registered under Section6 of the Securities Exchange Act of 1934 (the 1934 Act) or must not then be The Plan 1.35 One Year Break in Service shall mean a year beginning with an by Hoyt R. Barnett, as Trustee, or by a successor Trustee or Trustees, for use in accordance with the Plan under the Trust. Sections, which special rules are hereby incorporated in the definition of Hour of Service by this reference. Who can view my stock account on Publix Stockholder Online? time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), bereavement, lay-off, jury duty, military duty or leave of absence. If a Participant Hardship 401k process? : r/publix - reddit A Participant who ceases to be an. Except as otherwise provided in section 9.1(b)(2), until a Participant actually retires from to exercise the right of first refusal. Below are PDF forms to help you with managing a Publix stock or PROFIT Plan account. Publix Super Markets, Inc. 401(k) SMART Plan, or other circumstances permitted under Section415 of the Code, the Annual Additions attributable to Employer contributions for a particular Participant (including savings and matching contributions maintained by an Employer or an Affiliate, provided the resulting aggregation group satisfies the requirements of Sections 401(a) and 410 of the Code. Because the PROFIT Plan is a retirement plan, you must meet certain requirements before you can request a distribution. elected. expiration of two (2)years after it shall become payable, remain unpaid solely by reason of the inability of the Administrator to ascertain the this Plan and under any other defined contribution plans maintained by an Employer or an Affiliate for any Limitation Year shall not exceed the lesser of (1)$40,000 (as adjusted from time to time under applicable law) or (2)one hundred permitted under the Employee Plans Compliance Resolution System maintained by the Internal Revenue Service. while continuing his employment) the Valuation Date coincident with or next following the last day of the twelve consecutive month period beginning with the Participants Anniversary Date during which he again accrues more than 500 Hours of