Kansas 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 Kansas 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 management of a trust account to hold retirement savings for employees of Polaris Industries in Kansas. This agreement ensures that the retirement funds contributed by employees are appropriately invested and managed to help them achieve financial security during their retirement years. The trust agreement serves as a safeguard for employees' retirement savings, guaranteeing that the funds will be administered according to the rules and regulations set forth by the plan. The agreement also outlines the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. in managing the trust and ensuring its compliance with applicable laws. The document covers various important aspects, including contribution guidelines, investment options, distribution rules, and administrative procedures. It establishes the framework for contributions made by employees, including the applicable limits and the eligibility criteria for participation in the plan. The agreement also specifies the rights and responsibilities of employees in terms of managing their retirement accounts and accessing their funds. The trust agreement encompasses a wide range of topics to ensure the smooth operation of the retirement savings plan. It may include provisions for employer matching contributions, vesting schedules, and options for rollovers or transfers from other retirement accounts. The document may also outline the procedures for making investment choices within the plan, such as the selection of investment funds or the availability of self-directed brokerage accounts. It is important to note that there might be various types or versions of the Kansas Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co., depending on the specific plan details or employer preferences. Examples of potential variations could include differences in eligibility requirements, contribution matching structures, or investment options offered within the plan. Each variation aims to address the unique needs and preferences of the employer and its employees. In conclusion, the Kansas Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. provides a comprehensive framework for the establishment, management, and administration of retirement savings for employees. It ensures that all parties involved understand their rights and obligations, fostering transparency, and accountability in the management of employee retirement funds.

The Kansas 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 management of a trust account to hold retirement savings for employees of Polaris Industries in Kansas. This agreement ensures that the retirement funds contributed by employees are appropriately invested and managed to help them achieve financial security during their retirement years. The trust agreement serves as a safeguard for employees' retirement savings, guaranteeing that the funds will be administered according to the rules and regulations set forth by the plan. The agreement also outlines the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. in managing the trust and ensuring its compliance with applicable laws. The document covers various important aspects, including contribution guidelines, investment options, distribution rules, and administrative procedures. It establishes the framework for contributions made by employees, including the applicable limits and the eligibility criteria for participation in the plan. The agreement also specifies the rights and responsibilities of employees in terms of managing their retirement accounts and accessing their funds. The trust agreement encompasses a wide range of topics to ensure the smooth operation of the retirement savings plan. It may include provisions for employer matching contributions, vesting schedules, and options for rollovers or transfers from other retirement accounts. The document may also outline the procedures for making investment choices within the plan, such as the selection of investment funds or the availability of self-directed brokerage accounts. It is important to note that there might be various types or versions of the Kansas Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co., depending on the specific plan details or employer preferences. Examples of potential variations could include differences in eligibility requirements, contribution matching structures, or investment options offered within the plan. Each variation aims to address the unique needs and preferences of the employer and its employees. In conclusion, the Kansas Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. provides a comprehensive framework for the establishment, management, and administration of retirement savings for employees. It ensures that all parties involved understand their rights and obligations, fostering transparency, and accountability in the management of employee retirement funds.