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 Georgia Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment and management of a retirement savings trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement ensures that employees of Polaris Industries, Inc. can contribute pre-tax income to their retirement savings plan through a 401(k) account. The trust agreement sets out the terms and conditions for the establishment and administration of the trust, including the responsibilities and roles of both Polaris Industries, Inc. and Fidelity Management Trust Co. It also addresses the contribution limits, investment options, and withdrawal provisions for plan participants. The primary goal of the trust agreement is to provide a secure and reliable vehicle for employees to save for retirement. By partnering with Fidelity Management Trust Co., Polaris Industries, Inc. aims to ensure that participants have access to a variety of investment options and professional management of their retirement savings. Within the Georgia Polaris 401(k) Retirement Savings Plan Trust Agreement, there may be different variations or types based on the specific provisions and features agreed upon by the two parties. These may include: 1. Employee Contribution Options: The agreement may allow employees to choose between traditional 401(k) contributions or Roth 401(k) contributions, each offering different tax advantages and withdrawal options. 2. Vesting Schedule: The trust agreement may outline a vesting schedule, which determines the percentage of employer contributions that employees are entitled to, based on their length of service with the company. 3. Employer Matching Contributions: The agreement may specify the terms and conditions for employer matching contributions, including any maximum limits, eligibility criteria, and vesting requirements. 4. Loan and Withdrawal Provisions: The agreement may include provisions for employees to take loans or make hardship withdrawals from their 401(k) accounts, subject to certain restrictions and eligibility criteria. 5. Investment Options: The trust agreement may outline the investment options available to participants, which can include a mix of mutual funds, stocks, bonds, and other investment vehicles. The specific investment options offered may vary based on the agreement. It's important for both employees and employers to thoroughly review and understand the Georgia Polaris 401(k) Retirement Savings Plan Trust Agreement to ensure compliance with the terms and to make informed decisions about their retirement savings. Consultation with legal and financial professionals is advisable.
The Georgia Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment and management of a retirement savings trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement ensures that employees of Polaris Industries, Inc. can contribute pre-tax income to their retirement savings plan through a 401(k) account. The trust agreement sets out the terms and conditions for the establishment and administration of the trust, including the responsibilities and roles of both Polaris Industries, Inc. and Fidelity Management Trust Co. It also addresses the contribution limits, investment options, and withdrawal provisions for plan participants. The primary goal of the trust agreement is to provide a secure and reliable vehicle for employees to save for retirement. By partnering with Fidelity Management Trust Co., Polaris Industries, Inc. aims to ensure that participants have access to a variety of investment options and professional management of their retirement savings. Within the Georgia Polaris 401(k) Retirement Savings Plan Trust Agreement, there may be different variations or types based on the specific provisions and features agreed upon by the two parties. These may include: 1. Employee Contribution Options: The agreement may allow employees to choose between traditional 401(k) contributions or Roth 401(k) contributions, each offering different tax advantages and withdrawal options. 2. Vesting Schedule: The trust agreement may outline a vesting schedule, which determines the percentage of employer contributions that employees are entitled to, based on their length of service with the company. 3. Employer Matching Contributions: The agreement may specify the terms and conditions for employer matching contributions, including any maximum limits, eligibility criteria, and vesting requirements. 4. Loan and Withdrawal Provisions: The agreement may include provisions for employees to take loans or make hardship withdrawals from their 401(k) accounts, subject to certain restrictions and eligibility criteria. 5. Investment Options: The trust agreement may outline the investment options available to participants, which can include a mix of mutual funds, stocks, bonds, and other investment vehicles. The specific investment options offered may vary based on the agreement. It's important for both employees and employers to thoroughly review and understand the Georgia Polaris 401(k) Retirement Savings Plan Trust Agreement to ensure compliance with the terms and to make informed decisions about their retirement savings. Consultation with legal and financial professionals is advisable.