Chicago Illinois 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
• City: Chicago
• 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 Chicago Illinois Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a legally binding document that outlines the establishment of a trust for the purpose of managing retirement savings on behalf of Polaris employees in the Chicago area. This agreement ensures that the 401(k) plan is administered in accordance with the provisions set forth by both parties involved. The primary objective of this trust agreement is to provide a secure and efficient avenue for employees to save for their retirement years. By entrusting the management of the plan to Fidelity Management Trust Co., Polaris Industries, Inc. aims to optimize the investment options and ensure the proper administration of the funds. This trust agreement introduces a fiduciary relationship between Polaris Industries, Inc. and Fidelity Management Trust Co., whereby Fidelity is appointed as the trustee responsible for the management and oversight of the 401(k) plan. Fidelity is charged with making investment decisions, processing contributions, and distributing funds in accordance with the plan's guidelines and legal requirements. As for the different types of Chicago Illinois Polaris 401(k) Retirement Savings Plan Trust Agreement, they may include: 1. Standard Trust Agreement: This is the typical trust agreement that outlines the basic framework and provisions for the administration of the 401(k) plan. It covers essential aspects such as investment options, contribution limits, and vesting schedules. 2. Amended Trust Agreement: This type of agreement is a modification or revision of an existing trust agreement. It may be necessary to amend the agreement to accommodate changing laws, regulations, or specific requirements of Polaris Industries, Inc. 3. Customized Trust Agreement: In some cases, Polaris Industries, Inc. and Fidelity Management Trust Co. may decide to tailor the trust agreement to meet specific needs or preferences. This may involve incorporating additional provisions or modifying existing clauses to align with unique circumstances. Overall, the Chicago Illinois Polaris 401(k) Retirement Savings Plan Trust Agreement is critical in establishing a legally binding framework for the management of employee retirement savings. It ensures that both Polaris Industries, Inc. and Fidelity Management Trust Co. are aligned in their responsibilities, obligations, and objectives, ultimately benefiting the participants of the 401(k) plan.

The Chicago Illinois Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a legally binding document that outlines the establishment of a trust for the purpose of managing retirement savings on behalf of Polaris employees in the Chicago area. This agreement ensures that the 401(k) plan is administered in accordance with the provisions set forth by both parties involved. The primary objective of this trust agreement is to provide a secure and efficient avenue for employees to save for their retirement years. By entrusting the management of the plan to Fidelity Management Trust Co., Polaris Industries, Inc. aims to optimize the investment options and ensure the proper administration of the funds. This trust agreement introduces a fiduciary relationship between Polaris Industries, Inc. and Fidelity Management Trust Co., whereby Fidelity is appointed as the trustee responsible for the management and oversight of the 401(k) plan. Fidelity is charged with making investment decisions, processing contributions, and distributing funds in accordance with the plan's guidelines and legal requirements. As for the different types of Chicago Illinois Polaris 401(k) Retirement Savings Plan Trust Agreement, they may include: 1. Standard Trust Agreement: This is the typical trust agreement that outlines the basic framework and provisions for the administration of the 401(k) plan. It covers essential aspects such as investment options, contribution limits, and vesting schedules. 2. Amended Trust Agreement: This type of agreement is a modification or revision of an existing trust agreement. It may be necessary to amend the agreement to accommodate changing laws, regulations, or specific requirements of Polaris Industries, Inc. 3. Customized Trust Agreement: In some cases, Polaris Industries, Inc. and Fidelity Management Trust Co. may decide to tailor the trust agreement to meet specific needs or preferences. This may involve incorporating additional provisions or modifying existing clauses to align with unique circumstances. Overall, the Chicago Illinois Polaris 401(k) Retirement Savings Plan Trust Agreement is critical in establishing a legally binding framework for the management of employee retirement savings. It ensures that both Polaris Industries, Inc. and Fidelity Management Trust Co. are aligned in their responsibilities, obligations, and objectives, ultimately benefiting the participants of the 401(k) plan.