The Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that establishes a trust relationship between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement serves as the foundation for the management and administration of the retirement savings plan offered by Polaris Industries to its employees. The purpose of the trust agreement is to outline the rights, responsibilities, and obligations of both Polaris Industries and Fidelity Management Trust Co. in relation to the establishment and maintenance of the retirement savings plan. It governs the investments made on behalf of plan participants, the distribution of funds, and the fiduciary duties of both parties involved. This agreement is carefully constructed to ensure compliance with applicable state and federal laws, such as the Employee Retirement Income Security Act (ERICA) of 1974. It provides guidelines regarding the selection and monitoring of investment options offered in the plan, as well as the disclosure of information to plan participants. In addition, the Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement emphasizes the importance of prudence and diligence in the management of plan assets. Both Polaris Industries and Fidelity Management Trust Co. are required to act in the best interests of plan participants and exercise a high level of care when making investment decisions. Different types of Michigan Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co., regarding the establishment of trust, might include: 1. Initial Trust Agreement: This type of agreement is executed when the retirement savings plan is first established. It lays down the fundamental terms and conditions under which the trust will operate. 2. Amendments to Trust Agreement: Over time, the trust agreement may need to be modified to reflect changes in legislation, plan provisions, or administrative procedures. Amendments ensure that the trust remains in compliance and relevant to the evolving needs of the retirement savings plan. 3. Restated Trust Agreement: A restated trust agreement is created when the existing agreement is completely rewritten to incorporate multiple amendments or updates. This consolidated document provides a comprehensive and up-to-date outline of the trust relationship. These various types of trust agreements ensure the effective and secure management of the Michigan Polaris 401(k) Retirement Savings Plan, offering employees a robust and dependable platform to save for retirement.
Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. regarding establishment of trust
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How to fill out Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement Between Polaris Industries, Inc. And Fidelity Management Trust Co. Regarding Establishment Of Trust?
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FAQ
The first screen you'll see is the Account Summary page. From the top menu of options on Account Summary, click on 'Manage Investments'. 4. Then choose 'Move or withdraw cash' under the 'Cash' heading.
Go to Fidelity.com or call 800-343-3548. Use this form to request a one-time withdrawal from a Fidelity Self-Employed 401(k), Profit Sharing, or Money Purchase Plan account. Possible requests include a one-time, immediate distribution; a qualified or direct conversion to a Roth IRA; or a direct rollover.
If you get a new job and your new employer offers a 401(k) plan, you may be able to cash out or roll funds over from your old plan to your new plan. No matter what you choose, you'll have to contact your plan provider to cash out or roll over your funds.
The basic plan document contains all the non-elective provisions and can't include any options or blanks for the employer to complete. The adoption agreement contains the options (and blanks) for the employer to complete and is also where the employer signs the plan.
Yes, you can withdraw money early for unexpected needs. But you need to know what to expect from the IRS.
Trust Agreement The trustee essentially has legal title to the plan assets. The plan's assets are protected from the creditors of the Plan Sponsor. As such, if the employer was to become financially insolvent, the assets would be available to the plan participants and their beneficiaries.
If you are under age 59½, your earnings may be subject to the 10% early withdrawal penalty. If you are over age 59½, you may withdraw before-tax funds (excluding your TVA matching funds) from the 401(k) Plan. You will not pay an early withdrawal penalty; however, your distribution will be taxed as ordinary income.
Go to Fidelity.com/rmd or call 800-343-3548. Use this form to request automatic withdrawals on a regular basis or to request Fidelity to calculate and establish a required minimum distribution (RMD) plan for a Fidelity Self-Employed 401(k), Profit Sharing, or Money Purchase Plan account.