Utah 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 Utah Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement sets forth the terms and conditions under which the trust will operate, ensuring that funds are properly managed and distributed for the benefit of the plan participants. Keywords: Utah, Polaris 401(k) Retirement Savings Plan, Trust Agreement, Polaris Industries, Inc., Fidelity Management Trust Co., establishment of trust There can be different types of Utah Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. depending on specific provisions and objectives. Some examples of different types of trust agreements that may be included are: 1. Defined Contribution Trust Agreement: This agreement establishes a trust fund where contributions are defined and fixed, typically based on a percentage of employees' salaries or wage amounts. The investment and distribution of the funds are governed by the terms defined in the trust agreement. 2. Investment Options Trust Agreement: In this type of trust agreement, the focus is on providing a range of investment options for participants within the 401(k) retirement plan. The agreement may outline specific guidelines and criteria for the selection and monitoring of investment options to ensure participants have access to a diversified portfolio. 3. Vesting Trust Agreement: A vesting trust agreement dictates the conditions under which employees become entitled to the employer's contributions made to their retirement accounts. This type of agreement typically outlines a vesting schedule that determines the percentage of employer contributions that employees have a non-forfeitable right to based on their length of service. 4. Participant Communication Trust Agreement: This agreement focuses on the communication between the plan sponsor (Polaris Industries, Inc.) and the plan participants. It ensures that participants receive all necessary information about the retirement plan, including updates on investment options, fund performance, and any changes to the plan's terms. It's important to note that the specific types of trust agreements can vary depending on the requirements and needs of the plan sponsor and participants. The Utah Polaris 401(k) Retirement Savings Plan Trust Agreement will be tailored to meet the objectives and provisions outlined by Polaris Industries, Inc. and Fidelity Management Trust Co.

The Utah Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement sets forth the terms and conditions under which the trust will operate, ensuring that funds are properly managed and distributed for the benefit of the plan participants. Keywords: Utah, Polaris 401(k) Retirement Savings Plan, Trust Agreement, Polaris Industries, Inc., Fidelity Management Trust Co., establishment of trust There can be different types of Utah Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. depending on specific provisions and objectives. Some examples of different types of trust agreements that may be included are: 1. Defined Contribution Trust Agreement: This agreement establishes a trust fund where contributions are defined and fixed, typically based on a percentage of employees' salaries or wage amounts. The investment and distribution of the funds are governed by the terms defined in the trust agreement. 2. Investment Options Trust Agreement: In this type of trust agreement, the focus is on providing a range of investment options for participants within the 401(k) retirement plan. The agreement may outline specific guidelines and criteria for the selection and monitoring of investment options to ensure participants have access to a diversified portfolio. 3. Vesting Trust Agreement: A vesting trust agreement dictates the conditions under which employees become entitled to the employer's contributions made to their retirement accounts. This type of agreement typically outlines a vesting schedule that determines the percentage of employer contributions that employees have a non-forfeitable right to based on their length of service. 4. Participant Communication Trust Agreement: This agreement focuses on the communication between the plan sponsor (Polaris Industries, Inc.) and the plan participants. It ensures that participants receive all necessary information about the retirement plan, including updates on investment options, fund performance, and any changes to the plan's terms. It's important to note that the specific types of trust agreements can vary depending on the requirements and needs of the plan sponsor and participants. The Utah Polaris 401(k) Retirement Savings Plan Trust Agreement will be tailored to meet the objectives and provisions outlined by Polaris Industries, Inc. and Fidelity Management Trust Co.