North Dakota 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 North Dakota Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding contract between Polaris Industries, Inc. and Fidelity Management Trust Co. It outlines the terms and conditions for the establishment of a trust to manage the retirement savings of employees participating in the Polaris 401(k) plan. This document plays a crucial role in ensuring the smooth administration of the plan and safeguarding the interests of the plan participants. The trust agreement clearly defines the roles and responsibilities of both parties involved. Polaris Industries, Inc. acts as the plan sponsor, responsible for the design, operation, and maintenance of the 401(k) plan. Fidelity Management Trust Co. assumes the role of the trustee, who will hold, manage, and invest the plan assets on behalf of the participants. The agreement covers various important aspects related to the establishment and administration of the trust, including fund selection, investment guidelines, contribution rules, participant eligibility criteria, and plan distributions. It outlines the fiduciary duties of the trustee and provides guidelines on trust investments and monitoring. Additionally, the North Dakota Polaris 401(k) Retirement Savings Plan Trust Agreement may have different types or sections depending on specific provisions or optional features chosen by the plan sponsor. While the core elements of trust agreement remain consistent, some variations may exist to accommodate the unique needs of the plan and its participants. These variations could include options for employer contributions, catch-up contributions for older participants, loan provisions, and vesting schedules. Overall, the North Dakota Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial legal document that ensures the effective management of retirement savings within the framework of applicable laws and regulations. It establishes a clear understanding between Polaris Industries, Inc. and Fidelity Management Trust Co., fostering transparency and trust while securing the financial well-being of eligible employees.

The North Dakota Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding contract between Polaris Industries, Inc. and Fidelity Management Trust Co. It outlines the terms and conditions for the establishment of a trust to manage the retirement savings of employees participating in the Polaris 401(k) plan. This document plays a crucial role in ensuring the smooth administration of the plan and safeguarding the interests of the plan participants. The trust agreement clearly defines the roles and responsibilities of both parties involved. Polaris Industries, Inc. acts as the plan sponsor, responsible for the design, operation, and maintenance of the 401(k) plan. Fidelity Management Trust Co. assumes the role of the trustee, who will hold, manage, and invest the plan assets on behalf of the participants. The agreement covers various important aspects related to the establishment and administration of the trust, including fund selection, investment guidelines, contribution rules, participant eligibility criteria, and plan distributions. It outlines the fiduciary duties of the trustee and provides guidelines on trust investments and monitoring. Additionally, the North Dakota Polaris 401(k) Retirement Savings Plan Trust Agreement may have different types or sections depending on specific provisions or optional features chosen by the plan sponsor. While the core elements of trust agreement remain consistent, some variations may exist to accommodate the unique needs of the plan and its participants. These variations could include options for employer contributions, catch-up contributions for older participants, loan provisions, and vesting schedules. Overall, the North Dakota Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial legal document that ensures the effective management of retirement savings within the framework of applicable laws and regulations. It establishes a clear understanding between Polaris Industries, Inc. and Fidelity Management Trust Co., fostering transparency and trust while securing the financial well-being of eligible employees.