Rhode Island 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 Rhode Island Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding contract between Polaris Industries, Inc. and Fidelity Management Trust Co. It serves as the foundation for the establishment and operation of a trust specifically designed to manage retirement savings for employees of Polaris Industries, Inc. in Rhode Island. The purpose of the trust agreement is to ensure that the retirement savings of Polaris employees are handled with utmost care and in accordance with the prevailing laws and regulations. It outlines the roles, responsibilities, and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. to ensure the successful administration and management of the retirement savings plan. The trust agreement is designed to provide employees with a secure and reliable avenue to save for their retirement. Through the trust, employees can contribute a portion of their salary to the plan, which is then invested and managed by Fidelity Management Trust Co. The trust agreement outlines the terms and conditions under which these contributions are made, including any limits, eligibility requirements, and withdrawal provisions. Additionally, the trust agreement details the investment options available to plan participants. It may include a range of investment vehicles such as mutual funds, stocks, bonds, and other assets approved by the trustees. The agreement will also include information about the policies and procedures governing the investment decisions made by Fidelity Management Trust Co. to ensure the optimal growth and preservation of the retirement savings. The Rhode Island Polaris 401(k) Retirement Savings Plan Trust Agreement may come in various types, depending on the specific provisions and modifications made to cater to the needs of Polaris Industries, Inc. and its employees. Some potential variations may include: 1. Basic Trust Agreement: This is the standard version of the agreement that establishes the basic framework of the retirement savings plan and sets out the general terms and conditions. 2. Amended and Restated Trust Agreement: This version of the agreement is created when there are significant changes or updates to the original trust agreement. It incorporates any amendments or modifications made to the plan over time. 3. Termination Trust Agreement: If Polaris Industries, Inc. decides to terminate the retirement savings plan, a termination trust agreement may be established to outline the necessary steps and procedures for the distribution of assets to plan participants. 4. Frozen Trust Agreement: In certain circumstances, the retirement savings plan may be frozen, meaning that new contributions are no longer accepted. A frozen trust agreement would outline the specifics of the freeze and how the existing assets are managed until the plan is either terminated or reinstated. These are just a few examples of potential variations of the trust agreement; however, the specifics would depend on the unique requirements and circumstances of Polaris Industries, Inc. and its Retirement Savings Plan.

The Rhode Island Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding contract between Polaris Industries, Inc. and Fidelity Management Trust Co. It serves as the foundation for the establishment and operation of a trust specifically designed to manage retirement savings for employees of Polaris Industries, Inc. in Rhode Island. The purpose of the trust agreement is to ensure that the retirement savings of Polaris employees are handled with utmost care and in accordance with the prevailing laws and regulations. It outlines the roles, responsibilities, and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. to ensure the successful administration and management of the retirement savings plan. The trust agreement is designed to provide employees with a secure and reliable avenue to save for their retirement. Through the trust, employees can contribute a portion of their salary to the plan, which is then invested and managed by Fidelity Management Trust Co. The trust agreement outlines the terms and conditions under which these contributions are made, including any limits, eligibility requirements, and withdrawal provisions. Additionally, the trust agreement details the investment options available to plan participants. It may include a range of investment vehicles such as mutual funds, stocks, bonds, and other assets approved by the trustees. The agreement will also include information about the policies and procedures governing the investment decisions made by Fidelity Management Trust Co. to ensure the optimal growth and preservation of the retirement savings. The Rhode Island Polaris 401(k) Retirement Savings Plan Trust Agreement may come in various types, depending on the specific provisions and modifications made to cater to the needs of Polaris Industries, Inc. and its employees. Some potential variations may include: 1. Basic Trust Agreement: This is the standard version of the agreement that establishes the basic framework of the retirement savings plan and sets out the general terms and conditions. 2. Amended and Restated Trust Agreement: This version of the agreement is created when there are significant changes or updates to the original trust agreement. It incorporates any amendments or modifications made to the plan over time. 3. Termination Trust Agreement: If Polaris Industries, Inc. decides to terminate the retirement savings plan, a termination trust agreement may be established to outline the necessary steps and procedures for the distribution of assets to plan participants. 4. Frozen Trust Agreement: In certain circumstances, the retirement savings plan may be frozen, meaning that new contributions are no longer accepted. A frozen trust agreement would outline the specifics of the freeze and how the existing assets are managed until the plan is either terminated or reinstated. These are just a few examples of potential variations of the trust agreement; however, the specifics would depend on the unique requirements and circumstances of Polaris Industries, Inc. and its Retirement Savings Plan.