Michigan 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 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.

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.