Wyoming 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 Wyoming Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document that establishes a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This trust agreement is specifically designed to govern the retirement savings plan offered by Polaris Industries, Inc. to its employees. The purpose of this trust agreement is to outline the terms and conditions under which the trust will be established, operated, and maintained. It covers various aspects related to the management and administration of the retirement savings plan, ensuring compliance with applicable laws and regulations. Key provisions of the Wyoming Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment of Trust: The agreement highlights the establishment of the trust as a separate legal entity, distinct from Polaris Industries, Inc. and Fidelity Management Trust Co. It outlines the purpose of the trust, which is to hold and invest the assets of the retirement savings plan. 2. Trustee Responsibilities: The agreement specifies the roles and responsibilities of the trustee, which is Fidelity Management Trust Co. The trustee is responsible for managing the assets of the plan, ensuring compliance with legal requirements, and making investment decisions on behalf of the plan participants. 3. Contributions and Vesting: The agreement outlines the rules for employee contributions to the plan and the employer's matching contributions, if any. It also defines the vesting schedule, which determines the percentage of employer contributions that participants are entitled to upon termination of employment. 4. Investment Options: The agreement identifies the investment options available to plan participants. These options may include a range of mutual funds, stocks, bonds, and other investment vehicles deemed suitable for retirement savings. 5. Plan Distributions: The agreement covers the rules and procedures for plan distributions, including the options available to participants upon reaching retirement age or experiencing certain life events such as disability or death. 6. Amendment and Termination: The agreement outlines the process for amending the trust agreement, including the conditions and requirements for making changes. It also addresses the circumstances under which the trust may be terminated. While the description above focuses on the basic components of a Wyoming Polaris 401(k) Retirement Savings Plan Trust Agreement, it is important to note that there may be different types of these agreements depending on specific plan provisions, investment options, and other factors determined by Polaris Industries, Inc. and Fidelity Management Trust Co.

The Wyoming Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document that establishes a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This trust agreement is specifically designed to govern the retirement savings plan offered by Polaris Industries, Inc. to its employees. The purpose of this trust agreement is to outline the terms and conditions under which the trust will be established, operated, and maintained. It covers various aspects related to the management and administration of the retirement savings plan, ensuring compliance with applicable laws and regulations. Key provisions of the Wyoming Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment of Trust: The agreement highlights the establishment of the trust as a separate legal entity, distinct from Polaris Industries, Inc. and Fidelity Management Trust Co. It outlines the purpose of the trust, which is to hold and invest the assets of the retirement savings plan. 2. Trustee Responsibilities: The agreement specifies the roles and responsibilities of the trustee, which is Fidelity Management Trust Co. The trustee is responsible for managing the assets of the plan, ensuring compliance with legal requirements, and making investment decisions on behalf of the plan participants. 3. Contributions and Vesting: The agreement outlines the rules for employee contributions to the plan and the employer's matching contributions, if any. It also defines the vesting schedule, which determines the percentage of employer contributions that participants are entitled to upon termination of employment. 4. Investment Options: The agreement identifies the investment options available to plan participants. These options may include a range of mutual funds, stocks, bonds, and other investment vehicles deemed suitable for retirement savings. 5. Plan Distributions: The agreement covers the rules and procedures for plan distributions, including the options available to participants upon reaching retirement age or experiencing certain life events such as disability or death. 6. Amendment and Termination: The agreement outlines the process for amending the trust agreement, including the conditions and requirements for making changes. It also addresses the circumstances under which the trust may be terminated. While the description above focuses on the basic components of a Wyoming Polaris 401(k) Retirement Savings Plan Trust Agreement, it is important to note that there may be different types of these agreements depending on specific plan provisions, investment options, and other factors determined by Polaris Industries, Inc. and Fidelity Management Trust Co.