Texas 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 Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document between Polaris Industries, Inc. and Fidelity Management Trust Co. that outlines the establishment of a trust specifically for the Texas Polaris 401(k) Retirement Savings Plan. This agreement serves to protect the interests of employees participating in the plan by ensuring that their retirement funds are managed and invested in accordance with the provisions set forth in the agreement. The agreement includes various terms and conditions related to the trust, its creation, administration, and termination. It establishes Fidelity Management Trust Co. as the appointed trustee responsible for managing the assets of the trust. Fidelity Management Trust Co. acts as a fiduciary, holding the assets on behalf of the plan participants and making investment decisions in accordance with the investment guidelines outlined in the agreement. The trust agreement also outlines the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. Polaris Industries, Inc. is the sponsor of the Texas Polaris 401(k) Retirement Savings Plan and is responsible for selecting and monitoring the investment options available to plan participants. Fidelity Management Trust Co., as the trustee, must exercise prudence, loyalty, and act solely in the best interest of the plan participants. The agreement includes provisions regarding contributions to the trust, rules for the allocation and distribution of the assets, and procedures for amending or terminating the trust. It also addresses the reporting and disclosure requirements, ensuring that plan participants have access to the necessary information about the trust and its investments. It is important to note that while this detailed description applies to the Texas Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co., similar agreements may exist for other states or different retirement plans established by Polaris Industries, Inc. and Fidelity Management Trust Co. These agreements would specifically cater to the requirements and regulations of the respective jurisdictions or plan structures, but would likely share similar objectives and provisions related to the establishment and management of the trust.

The Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document between Polaris Industries, Inc. and Fidelity Management Trust Co. that outlines the establishment of a trust specifically for the Texas Polaris 401(k) Retirement Savings Plan. This agreement serves to protect the interests of employees participating in the plan by ensuring that their retirement funds are managed and invested in accordance with the provisions set forth in the agreement. The agreement includes various terms and conditions related to the trust, its creation, administration, and termination. It establishes Fidelity Management Trust Co. as the appointed trustee responsible for managing the assets of the trust. Fidelity Management Trust Co. acts as a fiduciary, holding the assets on behalf of the plan participants and making investment decisions in accordance with the investment guidelines outlined in the agreement. The trust agreement also outlines the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. Polaris Industries, Inc. is the sponsor of the Texas Polaris 401(k) Retirement Savings Plan and is responsible for selecting and monitoring the investment options available to plan participants. Fidelity Management Trust Co., as the trustee, must exercise prudence, loyalty, and act solely in the best interest of the plan participants. The agreement includes provisions regarding contributions to the trust, rules for the allocation and distribution of the assets, and procedures for amending or terminating the trust. It also addresses the reporting and disclosure requirements, ensuring that plan participants have access to the necessary information about the trust and its investments. It is important to note that while this detailed description applies to the Texas Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co., similar agreements may exist for other states or different retirement plans established by Polaris Industries, Inc. and Fidelity Management Trust Co. These agreements would specifically cater to the requirements and regulations of the respective jurisdictions or plan structures, but would likely share similar objectives and provisions related to the establishment and management of the trust.