401(k) SMART PLAN DON T WAIT. START TODAY. C40070 (7-14)

401(k) SMART PLAN DON T WAIT. START TODAY. C40070 (7-14)

Congratulations! You can now enroll in Publix s 401(k) SMART Plan! Saving for your future is important and the SMART Plan is here to make it easier for you. Whether you re new to saving or an experienced investor, this guide explains the advantages of the SMART Plan and why it s important to not wait and enroll today. By enrolling in the SMART Plan, you can take advantage of saving what you can afford as you always have the option to change your contribution elections at any time. lowering your current income taxes with pretax contributions. making contributions to investment fund options that meet your retirement goals and risk tolerance. receiving a Publix matching contribution, if you re eligible. Every penny you put in your SMART Plan account and the related investment earnings always belongs to you even if you leave Publix. Why do I need to save for retirement? I ll receive Social Security when I retire. The truth is Social Security is expected to cover only one-third of the needs of those retiring in the next few years maybe even less by the time you retire. Visit www.ssa.gov to learn more.

Want to Start Today? Enrolling is easy. Simply 1 log in to the SMART Plan website from www.publix.org or call the Information Line at 1-888-401k-PLN (1-888-401-5756) 2 have your Social Security number and password handy (you should receive your password at your mailing address) 3 choose your mail preferences electronic delivery with Go Green or paper mail 4 select your contribution rates these are the amounts that will be taken from your regular pay and holiday bonus if you re eligible to receive one 5 choose the investment fund option(s) in which you want your contributions invested 6 confirm your elections (you ll receive an enrollment confirmation letter by email if you select Go Green; otherwise a paper letter will be mailed to you) and 7 complete and return the enclosed beneficiary designation card to the Publix retirement department in the return envelope. Didn t receive your password in the mail? Verify your mailing address is correct on PASSport. If it s incorrect, update it on PASSport and allow approximately one week for the address to be reflected on the SMART Plan s recordkeeping system. Select the Forgot Password? link on the SMART Plan website, and a new password will be mailed to you within two business days to the mailing address on PASSport. Be on the look out your password will arrive in a small security envelope. Convenient access when you need it. Once you enroll in the SMART Plan, you can conveniently access your plan. Online SMART Plan website from www.publix.org Mobile By downloading the Voya Retire app on your mobile device from your app store Phone Call the Information Line at 1-888-401k-PLN (1-888-401-5756) to speak with a Participant Services Representative Monday through Friday from 8 a.m. to 8 p.m., Eastern time (except on stock market holidays)

Three Great Reasons to Start Today Great reason #1 Save for your future while giving yourself a tax break When you invest in the SMART Plan, your contributions are deducted from your pay before income taxes. This means you get to take home more money than if you saved the same amount after tax. Take a look. Pretax Savings After-tax Savings Weekly pay $600 $600 Pretax contribution -$18 -$0 Taxable income $582 $600 Income taxes at 20% -$116 -$120 Weekly take-home pay $466 $480 After tax contribution -$0 -$18 Net take-home pay per week $466 $462 Net take-home pay per year $24,232 $24,024 Extra take-home pay per year from pretax savings $208 You pay federal and, if applicable, state income taxes on your SMART Plan contributions and the related earnings at the time of withdrawal or distribution from the plan. This example doesn t consider FICA taxes or other deductions that may be taken from your take-home pay. Worried you ll need your money before retiring? You may be eligible to take a loan from your SMART Plan account. For more information, take a look at the SMART Plan at a Glance section.

Great reason #2 Publix contributes too For every dollar you save in the SMART Plan, up to 3% of your eligible pay, Publix contributes 50 cents to your account up to a maximum of $750 a year if you re eligible. It s like getting free money! % of pay you contribute If your weekly pay is $600 Your annual contribution Publix annual match Total in your SMART Plan account before earnings 1% of pay $312 $156 $468 3% of pay $936 $468 $1,404 5% of pay $1,560 $468* $2,028 10% of pay $3,120 $468* $3,588 * The Publix match is limited to 3% of your eligible pay per year. Great reason #3 The sooner you start, the more you could have Starting now can make a huge difference. Why? Because, the earlier you enroll and start saving, the more time your savings has to grow. The money you save is invested to help you earn more money, and those earnings are reinvested to help you earn even more money! It s called compounding. So, the earlier you begin investing in your future, the more money you can have for your future. Even saving as little as $18 each week can add up over time. Start saving at age 20 30 35 Weekly contribution $18 $18 $18 Years contributed 10 15 30 Total associate contribution $9,360 $14,040 $28,080 SMART Plan account balance at age 65 $235,028 $134,110 $117,034 This example assumes an 8% annual rate of return compounded weekly and does not include the Publix match. This example is for illustrative purposes only and is not intended to predict the return of any actual investment. Remember you can make changes to your contribution and investment elections as often as you like. Saving even a little bit today is better than waiting another moment to plan for your future.

SMART Plan at a Glance Here is some basic information about the SMART Plan. You can learn more and enroll by going to the SMART Plan website through www.publix.org or you can call the Information Line at 1-888-401k-PLN (1-888-401-5756). For even more information on the SMART Plan, take a look at the Summary Plan Description in your Associate Benefits Book, Volume Two. Eligibility You can enroll in the SMART Plan six months after your hire date if you re at least 18 years old. You can elect to begin participating on the first day of the month after the month you meet the eligibility requirements this is called your entry date or any time after that. The earliest your payroll deduction may start is the pay period beginning the Saturday on or after your entry date. Contributions You can elect to contribute 1% to 10% of your eligible pay on a pretax basis, up to the annual IRS limit. Your contributions to the SMART Plan are automatically deducted from your pay and deposited in your SMART Plan account. The SMART Plan does not accept after-tax or rollover contributions. Publix Match For every dollar you save in the SMART Plan, up to 3% of your eligible pay, Publix contributes 50 cents to your SMART Plan account, up to a maximum match of $750 a year. The match is determined and approved by the Publix Board of Directors each year. You re eligible to receive the Publix match if you re credited with 1,000 or more work credit hours in your anniversary year and you re employed on December 31 (not required in the year of separation for participants who have vested Publix matching contributions).

Managing Your Investments The SMART Plan offers flexibility when it comes to selecting your investment fund options. It s important you understand the investment fund options available to you. Whether you re a conservative, moderate or aggressive investor, the SMART Plan offers investment fund options to fit your needs. Be sure to review the Investment Fund Fact Sheets and the 401(k) SMART Plan Participant Disclosures for important information, including fees and trading restrictions associated with the investment fund options. You also can review this information on the SMART Plan website under Investments. Investment Asset Classes Fixed income Intermediate term bond Large cap blend Large cap growth Large cap value Mid cap blend Small cap blend International Employer stock Balanced conservative Balanced moderate Balanced aggressive Save without realizing you re saving. SMART Plan contributions are deducted directly from your pay and deposited in your SMART Plan account, so saving feels effortless _ you can t spend the money you don t see in your pay.

Vesting Being vested means you re entitled to the full value of your SMART Plan account, regardless of when you separate from employment with Publix. You re always vested in your payroll contributions to the plan and the related investment earnings. You become fully vested in the Publix match and the related earnings once you complete three years of credited service, reach age 60, become disabled or pass away. (If you become disabled, you must provide the Publix retirement department with acceptable documentation of your disability within 180 days of separating from employment.) A year of credited service is earned when you reach 1,000 work credit hours in your anniversary year. Beneficiary Designation It s important to name a beneficiary for your SMART Plan account. This person(s) will receive the money in your SMART Plan account in the event of your death. Complete the enclosed beneficiary designation card and promptly return it to the Publix retirement department. Loans The time may come when you need extra money for something important. If that s the case, you may be able to borrow money from your SMART Plan account (a minimum of $1,000; and a maximum of either 50% of your account balance or $50,000 reduced by your highest outstanding loan balance in the previous 12 months, whichever is less). You can only take out one loan each year. A loan processing fee will be deducted from your SMART Plan account balance. In addition, if you live in Florida, a documentary stamp tax also will be deducted from your account for remittance to the State of Florida. A loan has an impact on the growth potential of your savings, and you will need to repay the loan amount plus interest to your SMART Plan account through automatic, after-tax payroll deductions. The repayments are deposited in your SMART Plan account based on your current investment elections. Withdrawals Once you reach age 59 1 / 2 and prior to separating from employment, you may make a withdrawal of all or a portion of your SMART Plan account balance. For information, including the tax consequences of a withdrawal, refer to the Summary Plan Description in your Associate Benefits Book, Volume Two or the Special Tax Notice on the SMART Plan website in the Plan Information > Forms section. Take an important step for those you love. After completing the online enrollment process, be sure to complete the enclosed card to designate a beneficiary(ies) for your SMART Plan account. A beneficiary will receive your account balance in the event of your death.

Go Green. There are a number of communications you can elect to receive electronically. Find out about them on the SMART Plan website. Quarterly Account Statements You have access to statements online at any time, including the ability to generate a statement based on the timeframe you select. Quarterly statements can be accessed through your online mailbox if you select Go Green; otherwise, paper statements will be mailed to you. Tools and Resources The SMART Plan website provides you with convenient access to a powerful array of tools, educational materials, calculators and other resources to help you make decisions about saving for your future. Explore the SMART Plan website to learn more. This brochure is intended to assist associates in understanding the Publix Super Markets, Inc. 401(k) SMART Plan. It does not describe all of the provisions of the plan and all of the possible fact situations that may occur. Therefore, in case of any conflict between the content of this brochure and the content of the plan documents, the plan documents control.