Nevada 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 Nevada Polaris 401(k) Retirement Savings Plan Trust Agreement is an essential document that outlines the terms and conditions for the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement enables Polaris Industries employees to contribute a portion of their income towards a retirement savings plan, ensuring their financial security in the future. The trust agreement, in compliance with Nevada laws and regulations, sets forth the roles and responsibilities of both parties involved. Polaris Industries, Inc., as the sponsor of the retirement savings plan, appoints Fidelity Management Trust Co. as the trustee to manage the assets contributed by employees. The trust agreement establishes the foundation for the efficient administration and operation of the plan, ensuring transparency, security, and fiduciary accountability. The primary purpose of the Nevada Polaris 401(k) Retirement Savings Plan Trust Agreement is to provide a mechanism for employees to contribute to a tax-advantaged retirement savings plan. By directing a portion of their pre-tax income towards the plan, employees can accumulate savings over time, which will be invested and grow until their retirement. The trust agreement specifies the rights and benefits that employees are entitled to as participants in the plan, including contribution limits, investment options, and potential employer matching contributions. Furthermore, the trust agreement defines the role of Fidelity Management Trust Co. as the trustee. It outlines their fiduciary duties and responsibilities, including the prudent management of the trust assets and the execution of investment strategies in line with the objectives of the retirement plan. Fidelity Management Trust Co. ensures that the assets are appropriately safeguarded, invested, and distributed according to the provisions outlined in the trust agreement and applicable laws. It is important to note that while the above description pertains specifically to the Nevada Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co., other types of similar trust agreements may exist with different parties and within different jurisdictions. These may include agreements established by other companies or organizations, varying in terms of contributions, vesting schedules, and investment options tailored to their specific needs and preferences.

The Nevada Polaris 401(k) Retirement Savings Plan Trust Agreement is an essential document that outlines the terms and conditions for the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement enables Polaris Industries employees to contribute a portion of their income towards a retirement savings plan, ensuring their financial security in the future. The trust agreement, in compliance with Nevada laws and regulations, sets forth the roles and responsibilities of both parties involved. Polaris Industries, Inc., as the sponsor of the retirement savings plan, appoints Fidelity Management Trust Co. as the trustee to manage the assets contributed by employees. The trust agreement establishes the foundation for the efficient administration and operation of the plan, ensuring transparency, security, and fiduciary accountability. The primary purpose of the Nevada Polaris 401(k) Retirement Savings Plan Trust Agreement is to provide a mechanism for employees to contribute to a tax-advantaged retirement savings plan. By directing a portion of their pre-tax income towards the plan, employees can accumulate savings over time, which will be invested and grow until their retirement. The trust agreement specifies the rights and benefits that employees are entitled to as participants in the plan, including contribution limits, investment options, and potential employer matching contributions. Furthermore, the trust agreement defines the role of Fidelity Management Trust Co. as the trustee. It outlines their fiduciary duties and responsibilities, including the prudent management of the trust assets and the execution of investment strategies in line with the objectives of the retirement plan. Fidelity Management Trust Co. ensures that the assets are appropriately safeguarded, invested, and distributed according to the provisions outlined in the trust agreement and applicable laws. It is important to note that while the above description pertains specifically to the Nevada Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co., other types of similar trust agreements may exist with different parties and within different jurisdictions. These may include agreements established by other companies or organizations, varying in terms of contributions, vesting schedules, and investment options tailored to their specific needs and preferences.