Hawaii 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 Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement sets forth the terms and conditions under which the trust will operate, ensuring the proper management and administration of the retirement savings plan for Polaris Industries, Inc. employees in Hawaii. The main purpose of the Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement is to safeguard the assets held within the plan and to ensure compliance with relevant laws and regulations. This agreement outlines the roles and responsibilities of both parties involved, specifically Polaris Industries, Inc. as the employer and Fidelity Management Trust Co. as the designated trustee. The trust agreement establishes a fiduciary relationship between Polaris Industries, Inc. and Fidelity Management Trust Co., whereby the trustee is tasked with managing and investing the assets in the plan. It also outlines the procedures for contributions, participant eligibility, vesting, and the distribution of benefits. The Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement may have variations depending on specific circumstances. For example, there could be different agreements for different employee groups or unionized workers within Polaris Industries, Inc. In such cases, the trust agreement would account for the unique needs and requirements of these distinct groups while still adhering to the overall framework established by the main trust agreement. Overall, the Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial document that ensures the proper establishment, operation, and administration of the retirement savings plan for Polaris Industries, Inc. employees in Hawaii. By entrusting Fidelity Management Trust Co. with the management of the plan assets, Polaris Industries, Inc. can provide its employees with a secure and well-regulated retirement savings plan.

The Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement sets forth the terms and conditions under which the trust will operate, ensuring the proper management and administration of the retirement savings plan for Polaris Industries, Inc. employees in Hawaii. The main purpose of the Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement is to safeguard the assets held within the plan and to ensure compliance with relevant laws and regulations. This agreement outlines the roles and responsibilities of both parties involved, specifically Polaris Industries, Inc. as the employer and Fidelity Management Trust Co. as the designated trustee. The trust agreement establishes a fiduciary relationship between Polaris Industries, Inc. and Fidelity Management Trust Co., whereby the trustee is tasked with managing and investing the assets in the plan. It also outlines the procedures for contributions, participant eligibility, vesting, and the distribution of benefits. The Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement may have variations depending on specific circumstances. For example, there could be different agreements for different employee groups or unionized workers within Polaris Industries, Inc. In such cases, the trust agreement would account for the unique needs and requirements of these distinct groups while still adhering to the overall framework established by the main trust agreement. Overall, the Hawaii Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial document that ensures the proper establishment, operation, and administration of the retirement savings plan for Polaris Industries, Inc. employees in Hawaii. By entrusting Fidelity Management Trust Co. with the management of the plan assets, Polaris Industries, Inc. can provide its employees with a secure and well-regulated retirement savings plan.