California Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. regarding establishment of trust

• Category: Corporations - Public - Agreements - Trusts
• State: Multi-State
• Control #: US-EG-9323
• Format: Word; Rich Text

Description

Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Company regarding the establishment of a trust to hold and invest Plan assets under the Plan for the exclusive benefit of participants The California Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document between Polaris Industries, Inc. and Fidelity Management Trust Co., defining the specific terms and conditions surrounding the establishment and operation of a trust for employee retirement savings. This agreement outlines the responsibilities and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. in managing and administering the retirement savings plan for eligible employees of Polaris Industries, Inc. within the state of California. The purpose of the trust agreement is to ensure that employees' contributions and employer matching contributions are managed and invested in accordance with applicable laws and regulations, safeguarding their retirement savings and facilitating the growth of their investment portfolios. Key provisions of the California Polaris 401(k) Retirement Savings Plan Trust Agreement may include the following: 1. Establishment and Funding: The agreement outlines the initial funding of the trust and subsequent contributions made by eligible employees and Polaris Industries, Inc. 2. Investment Management: It defines the investment options available to plan participants and establishes guidelines for the selection, monitoring, and replacement of investment options. 3. Vesting: The agreement may specify the vesting schedule for employee contributions and employer matching contributions, determining when participants become entitled to the full value of their accounts. 4. Distribution Rules: The agreement outlines the circumstances and conditions under which participants can make withdrawals or receive distributions from their retirement savings accounts. This typically includes provisions for retirement, disability, death, and other qualifying events. 5. Plan Administration: The agreement stipulates the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co., including the maintenance of accurate records, participant communication, and compliance with applicable laws and regulations. Different types of California Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may exist based on specific variations in plan design, provisions, and features. These variations can include plan eligibility criteria, contribution matching formulas, investment options offered, and distribution rules among others. It is essential for both employers and employees to review and understand the specific terms of their trust agreement to ensure compliance, take advantage of available benefits, and make informed decisions regarding their retirement savings within the context of the California Polaris 401(k) plan.

The California Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document between Polaris Industries, Inc. and Fidelity Management Trust Co., defining the specific terms and conditions surrounding the establishment and operation of a trust for employee retirement savings. This agreement outlines the responsibilities and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. in managing and administering the retirement savings plan for eligible employees of Polaris Industries, Inc. within the state of California. The purpose of the trust agreement is to ensure that employees' contributions and employer matching contributions are managed and invested in accordance with applicable laws and regulations, safeguarding their retirement savings and facilitating the growth of their investment portfolios. Key provisions of the California Polaris 401(k) Retirement Savings Plan Trust Agreement may include the following: 1. Establishment and Funding: The agreement outlines the initial funding of the trust and subsequent contributions made by eligible employees and Polaris Industries, Inc. 2. Investment Management: It defines the investment options available to plan participants and establishes guidelines for the selection, monitoring, and replacement of investment options. 3. Vesting: The agreement may specify the vesting schedule for employee contributions and employer matching contributions, determining when participants become entitled to the full value of their accounts. 4. Distribution Rules: The agreement outlines the circumstances and conditions under which participants can make withdrawals or receive distributions from their retirement savings accounts. This typically includes provisions for retirement, disability, death, and other qualifying events. 5. Plan Administration: The agreement stipulates the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co., including the maintenance of accurate records, participant communication, and compliance with applicable laws and regulations. Different types of California Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may exist based on specific variations in plan design, provisions, and features. These variations can include plan eligibility criteria, contribution matching formulas, investment options offered, and distribution rules among others. It is essential for both employers and employees to review and understand the specific terms of their trust agreement to ensure compliance, take advantage of available benefits, and make informed decisions regarding their retirement savings within the context of the California Polaris 401(k) plan.