Bexar 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
• County: Bexar
• 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 Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the terms and conditions between Polaris Industries, Inc. and Fidelity Management Trust Co. for the establishment of a trust. This agreement is crucial for ensuring the efficient management and protection of employees' retirement savings within the Bexar Texas Polaris 401(k) Retirement Savings Plan. In regard to the establishment of the trust, the Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement covers various important aspects. The agreement specifies the roles and responsibilities of Polaris Industries, Inc. as the plan sponsor and Fidelity Management Trust Co. as the trustee. It outlines the processes involved in transferring and investing funds contributed by employees, as well as managing investment options within the plan. The Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement also addresses the allocation of assets within the trust, including any specific investment guidelines or restrictions agreed upon by Polaris Industries, Inc. and Fidelity Management Trust Co. It ensures that the trust's assets are handled in accordance with relevant legal and regulatory requirements, including compliance with the Employee Retirement Income Security Act (ERICA). Furthermore, this agreement may include provisions regarding the distribution of retirement savings to employees upon reaching retirement age or other qualifying events, such as disability or death. It outlines the process for calculating benefits, handling beneficiary designations, and any applicable tax implications. Different types of Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement may exist based on specific provisions and customization required by Polaris Industries, Inc. and Fidelity Management Trust Co. For example, there might be distinct agreements based on employee eligibility criteria, contribution matching policies, vesting schedules, or additional provisions for company contributions. In conclusion, the Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a vital legal document that governs the establishment, management, and distribution of employees' retirement savings within the Bexar Texas Polaris 401(k) Retirement Savings Plan. It ensures that Polaris Industries, Inc. and Fidelity Management Trust Co. collaborate effectively to safeguard the interests of plan participants while adhering to legal obligations and best practices in retirement savings management.

The Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the terms and conditions between Polaris Industries, Inc. and Fidelity Management Trust Co. for the establishment of a trust. This agreement is crucial for ensuring the efficient management and protection of employees' retirement savings within the Bexar Texas Polaris 401(k) Retirement Savings Plan. In regard to the establishment of the trust, the Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement covers various important aspects. The agreement specifies the roles and responsibilities of Polaris Industries, Inc. as the plan sponsor and Fidelity Management Trust Co. as the trustee. It outlines the processes involved in transferring and investing funds contributed by employees, as well as managing investment options within the plan. The Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement also addresses the allocation of assets within the trust, including any specific investment guidelines or restrictions agreed upon by Polaris Industries, Inc. and Fidelity Management Trust Co. It ensures that the trust's assets are handled in accordance with relevant legal and regulatory requirements, including compliance with the Employee Retirement Income Security Act (ERICA). Furthermore, this agreement may include provisions regarding the distribution of retirement savings to employees upon reaching retirement age or other qualifying events, such as disability or death. It outlines the process for calculating benefits, handling beneficiary designations, and any applicable tax implications. Different types of Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement may exist based on specific provisions and customization required by Polaris Industries, Inc. and Fidelity Management Trust Co. For example, there might be distinct agreements based on employee eligibility criteria, contribution matching policies, vesting schedules, or additional provisions for company contributions. In conclusion, the Bexar Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a vital legal document that governs the establishment, management, and distribution of employees' retirement savings within the Bexar Texas Polaris 401(k) Retirement Savings Plan. It ensures that Polaris Industries, Inc. and Fidelity Management Trust Co. collaborate effectively to safeguard the interests of plan participants while adhering to legal obligations and best practices in retirement savings management.