Mississippi 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 Mississippi Polaris 401(k) Retirement Savings Plan Trust Agreement is a contractual agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement outlines the establishment of a trust, specifically designed to manage the retirement savings plan of eligible employees at Polaris Industries. The trust agreement serves as a legally binding document that sets out the rules, obligations, and responsibilities of both Polaris Industries and Fidelity Management Trust Co., as the trustee. It ensures that the assets and contributions made by participants in the Mississippi Polaris 401(k) Retirement Savings Plan are properly managed and safeguarded. This trust agreement aims to provide a secure and favorable environment for employees to save for their retirement. It outlines the terms and conditions of the plan, including eligibility requirements, contribution limits, investment options, and distribution rules. By entering into this agreement, Polaris Industries demonstrates its commitment to helping employees build a financially secure future. The Mississippi Polaris 401(k) Retirement Savings Plan Trust Agreement may contain various types or provisions, depending on the specific needs and preferences of Polaris Industries and the participants. Some possible types of trust agreements could include: 1. Standard Trust Agreement: This is the most common type of trust agreement, which covers the basic provisions and requirements of the retirement savings plan. It typically comprises the establishment of the trust, participant eligibility, investment options, and distribution rules. 2. Customized Trust Agreement: In certain cases, Polaris Industries may request amendments or additional provisions specific to their requirements. This customized trust agreement could include tailored investment options, unique contribution matching formulas, or alternative distribution strategies. 3. Amendment and Restatement Agreement: Over time, the trust agreement may require updates or revisions to reflect changes in laws, regulations, or company policies. An amendment and restatement agreement is used to modify or restate the original trust agreement while keeping its foundation intact. In summary, the Mississippi Polaris 401(k) Retirement Savings Plan Trust Agreement is a critical document that establishes the framework for the retirement savings plan offered by Polaris Industries. It ensures that the plan is administered according to the agreed-upon terms, offering employees an opportunity to save for their retirement with confidence.

The Mississippi Polaris 401(k) Retirement Savings Plan Trust Agreement is a contractual agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement outlines the establishment of a trust, specifically designed to manage the retirement savings plan of eligible employees at Polaris Industries. The trust agreement serves as a legally binding document that sets out the rules, obligations, and responsibilities of both Polaris Industries and Fidelity Management Trust Co., as the trustee. It ensures that the assets and contributions made by participants in the Mississippi Polaris 401(k) Retirement Savings Plan are properly managed and safeguarded. This trust agreement aims to provide a secure and favorable environment for employees to save for their retirement. It outlines the terms and conditions of the plan, including eligibility requirements, contribution limits, investment options, and distribution rules. By entering into this agreement, Polaris Industries demonstrates its commitment to helping employees build a financially secure future. The Mississippi Polaris 401(k) Retirement Savings Plan Trust Agreement may contain various types or provisions, depending on the specific needs and preferences of Polaris Industries and the participants. Some possible types of trust agreements could include: 1. Standard Trust Agreement: This is the most common type of trust agreement, which covers the basic provisions and requirements of the retirement savings plan. It typically comprises the establishment of the trust, participant eligibility, investment options, and distribution rules. 2. Customized Trust Agreement: In certain cases, Polaris Industries may request amendments or additional provisions specific to their requirements. This customized trust agreement could include tailored investment options, unique contribution matching formulas, or alternative distribution strategies. 3. Amendment and Restatement Agreement: Over time, the trust agreement may require updates or revisions to reflect changes in laws, regulations, or company policies. An amendment and restatement agreement is used to modify or restate the original trust agreement while keeping its foundation intact. In summary, the Mississippi Polaris 401(k) Retirement Savings Plan Trust Agreement is a critical document that establishes the framework for the retirement savings plan offered by Polaris Industries. It ensures that the plan is administered according to the agreed-upon terms, offering employees an opportunity to save for their retirement with confidence.