The South Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement focuses on the establishment and management of a trust to safeguard the retirement savings of Polaris Industries' employees. The trust agreement outlines the responsibilities and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. in ensuring the effective administration of the retirement savings plan. It provides a detailed framework for how the trust will be established, funded, and managed in compliance with federal and state laws. As a retirement savings plan trust, the South Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement is designed to provide security and growth opportunities for employees' retirement funds. The trust agreement ensures that the contributions made by employees to their 401(k) accounts are held and invested prudently to maximize the potential returns. The South Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement may have different types, depending on the specific provisions and requirements set forth by Polaris Industries, Inc. and Fidelity Management Trust Co. It is important to note that these types may vary from plan to plan, addressing the unique needs and preferences of the plan participants. Some potential variations of the South Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement could be: 1. Traditional Trust Agreement: This type of agreement would outline the standard provisions for the establishment and administration of the trust, including investment options, contribution limits, and distribution rules. 2. Roth Trust Agreement: In this type of agreement, specific provisions would be included to accommodate Roth 401(k) contributions, which are made on an after-tax basis. It would address the unique tax implications and distribution rules associated with Roth contributions. 3. Safe Harbor Trust Agreement: A Safe Harbor trust agreement is designed to meet certain non-discrimination requirements set forth by the IRS. It would include provisions that ensure all participants receive the maximum allowed contributions, regardless of their income or position within the company. 4. Employer Match Trust Agreement: This type of agreement would focus on the provisions related to employer matching contributions. It would outline the specific formula used by Polaris Industries, Inc. to determine the amount of matching funds that will be awarded to employees based on their individual contributions. The South Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement, in any of its variations, serves as a critical document in safeguarding employees' retirement savings and providing them with a secure and financially sound future. It underscores the commitment of Polaris Industries, Inc. and Fidelity Management Trust Co. to the long-term financial well-being of their employees.