Colorado 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 Colorado Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a legally binding document that outlines the establishment and operation of a trust fund for retirement savings. This agreement ensures that employees of Polaris Industries have access to a comprehensive retirement plan managed by Fidelity Management Trust Co. Here are key details and types of trust agreements related to the Colorado Polaris 401(k) Retirement Savings Plan: 1. Establishment of Trust: The agreement establishes the trust as a separate legal entity, distinct from both Polaris Industries, Inc. and Fidelity Management Trust Co. It clearly defines the roles and responsibilities of each party involved in managing the trust. 2. Purpose of Trust: The primary purpose of the trust is to provide retirement benefits to eligible employees of Polaris Industries. It lays out the objectives and guidelines for managing the trust fund to ensure it stays in line with statutory and regulatory requirements. 3. Contributions and Vesting: The agreement specifies the contribution amounts and timing of these contributions by both the employees and Polaris Industries. It also outlines the vesting schedule, which determines when employees gain ownership of the contributed funds. 4. Investment Management: Fidelity Management Trust Co. is appointed as the trustee responsible for managing the investment of the trust funds. The agreement defines the scope of their authority and establishes guidelines for investment choices, ensuring compliance with the Employee Retirement Income Security Act (ERICA). 5. Distribution and Withdrawals: The agreement describes the process and conditions for distributing funds to retirees or beneficiaries, including provisions for required minimum distributions (Rods) and hardship withdrawals. 6. Amendments and Termination: It outlines the procedures for making amendments to the trust agreement and provides mechanisms for the termination of the trust if necessary. Any changes made to the agreement must follow specific protocols to protect the interests of the plan participants. 7. Named Trust Agreements: While the Colorado Polaris 401(k) Retirement Savings Plan Trust Agreement is specific to Polaris Industries, there may be other trust agreements established between Fidelity Management Trust Co. and different companies in Colorado. These agreements would be tailored to the respective companies' retirement plans and would differ in terms of contribution limits, investment options, and other plan-specific provisions. In summary, the Colorado Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. provides a framework for the establishment, management, and operation of a retirement savings trust fund. It ensures that employees have access to a well-managed retirement plan and defines the roles and responsibilities of all parties involved in its administration.

The Colorado Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a legally binding document that outlines the establishment and operation of a trust fund for retirement savings. This agreement ensures that employees of Polaris Industries have access to a comprehensive retirement plan managed by Fidelity Management Trust Co. Here are key details and types of trust agreements related to the Colorado Polaris 401(k) Retirement Savings Plan: 1. Establishment of Trust: The agreement establishes the trust as a separate legal entity, distinct from both Polaris Industries, Inc. and Fidelity Management Trust Co. It clearly defines the roles and responsibilities of each party involved in managing the trust. 2. Purpose of Trust: The primary purpose of the trust is to provide retirement benefits to eligible employees of Polaris Industries. It lays out the objectives and guidelines for managing the trust fund to ensure it stays in line with statutory and regulatory requirements. 3. Contributions and Vesting: The agreement specifies the contribution amounts and timing of these contributions by both the employees and Polaris Industries. It also outlines the vesting schedule, which determines when employees gain ownership of the contributed funds. 4. Investment Management: Fidelity Management Trust Co. is appointed as the trustee responsible for managing the investment of the trust funds. The agreement defines the scope of their authority and establishes guidelines for investment choices, ensuring compliance with the Employee Retirement Income Security Act (ERICA). 5. Distribution and Withdrawals: The agreement describes the process and conditions for distributing funds to retirees or beneficiaries, including provisions for required minimum distributions (Rods) and hardship withdrawals. 6. Amendments and Termination: It outlines the procedures for making amendments to the trust agreement and provides mechanisms for the termination of the trust if necessary. Any changes made to the agreement must follow specific protocols to protect the interests of the plan participants. 7. Named Trust Agreements: While the Colorado Polaris 401(k) Retirement Savings Plan Trust Agreement is specific to Polaris Industries, there may be other trust agreements established between Fidelity Management Trust Co. and different companies in Colorado. These agreements would be tailored to the respective companies' retirement plans and would differ in terms of contribution limits, investment options, and other plan-specific provisions. In summary, the Colorado Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. provides a framework for the establishment, management, and operation of a retirement savings trust fund. It ensures that employees have access to a well-managed retirement plan and defines the roles and responsibilities of all parties involved in its administration.