Minnesota 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 Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial legal document that establishes a trust relationship between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement outlines the terms and conditions under which the trust is established and operated, specifically focusing on retirement savings. The purpose of the Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement is to ensure that employees of Polaris Industries have a trustworthy and reliable means of saving for their retirement. By partnering with Fidelity Management Trust Co., Polaris Industries can offer its employees a secure and professionally managed retirement savings plan. The trust agreement outlines various key components such as the roles and responsibilities of both parties involved. Polaris Industries, Inc. serves as the plan sponsor, responsible for designing and administering the 401(k) plan, while Fidelity Management Trust Co. assumes the role of the trustee, overseeing the assets held within the trust. In addition to the establishment of the trust, the Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement defines the investment options available to plan participants. This may include a range of diversified investment vehicles such as mutual funds, stocks, bonds, or other market instruments, carefully selected and managed by Fidelity Management Trust Co. Furthermore, the trust agreement outlines the eligibility criteria, contribution limits, and vesting periods for employees wishing to participate in the retirement savings plan. It also provides details regarding the matching contributions that Polaris Industries may make, thus encouraging employees to save more for their retirement. It is worth noting that there may be different variations of the Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. These variations may arise due to specific circumstances or modifications required to align with changing regulations or the unique needs of the employees. Furthermore, it is essential for both Polaris Industries and Fidelity Management Trust Co. to ensure that the trust agreement is meticulously drafted, incorporating all necessary legal provisions to safeguard the retirement savings of employees. By establishing a transparent and well-structured trust, potential conflicts and disputes can be mitigated, helping to maintain the trust's integrity and the peace of mind of participating employees.

The Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial legal document that establishes a trust relationship between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement outlines the terms and conditions under which the trust is established and operated, specifically focusing on retirement savings. The purpose of the Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement is to ensure that employees of Polaris Industries have a trustworthy and reliable means of saving for their retirement. By partnering with Fidelity Management Trust Co., Polaris Industries can offer its employees a secure and professionally managed retirement savings plan. The trust agreement outlines various key components such as the roles and responsibilities of both parties involved. Polaris Industries, Inc. serves as the plan sponsor, responsible for designing and administering the 401(k) plan, while Fidelity Management Trust Co. assumes the role of the trustee, overseeing the assets held within the trust. In addition to the establishment of the trust, the Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement defines the investment options available to plan participants. This may include a range of diversified investment vehicles such as mutual funds, stocks, bonds, or other market instruments, carefully selected and managed by Fidelity Management Trust Co. Furthermore, the trust agreement outlines the eligibility criteria, contribution limits, and vesting periods for employees wishing to participate in the retirement savings plan. It also provides details regarding the matching contributions that Polaris Industries may make, thus encouraging employees to save more for their retirement. It is worth noting that there may be different variations of the Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. These variations may arise due to specific circumstances or modifications required to align with changing regulations or the unique needs of the employees. Furthermore, it is essential for both Polaris Industries and Fidelity Management Trust Co. to ensure that the trust agreement is meticulously drafted, incorporating all necessary legal provisions to safeguard the retirement savings of employees. By establishing a transparent and well-structured trust, potential conflicts and disputes can be mitigated, helping to maintain the trust's integrity and the peace of mind of participating employees.