The Contra Costa California Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement ensures the proper administration and management of employees' retirement savings within the Polaris 401(k) plan. The trust agreement serves as a binding contract that sets forth the terms and conditions for the operation of the trust. It specifies the roles of each party involved and details the fiduciary responsibilities, investment options, and distribution procedures. By establishing the trust, Polaris Industries, Inc. aims to provide a robust retirement savings program for their employees in Contra Costa, California. The partnership with Fidelity Management Trust Co. ensures professional trust management services and expertise in overseeing the investments held within the plan. The Contra Costa California Polaris 401(k) Retirement Savings Plan Trust Agreement may have different types or provisions, depending on the specific needs and requirements of the plan. These may include: 1. Basic Trust Agreement: This type establishes the foundational framework for the trust, covering the core elements of investment management, administration, and benefit distributions. 2. Vesting Schedule Trust Agreement: This type incorporates a vesting schedule that outlines the gradual ownership of retirement benefits based on an employee's length of service. It determines the portion of the employer's contributions that become non-forfeitable over time. 3. Profit Sharing Trust Agreement: In addition to the regular 401(k) contributions, a profit sharing trust agreement allows for discretionary employer contributions based on the company's profitability. This type is designed to enhance employee savings through additional contributions. 4. Matching Contributions Trust Agreement: This type specifies the terms for employer matching contributions, where the employer matches a percentage of the employee's contributions, encouraging increased participation and savings from employees. 5. Roth 401(k) Trust Agreement: This type incorporates provisions for a Roth 401(k) option within the retirement savings plan. It allows employees to make after-tax contributions, potentially resulting in tax-free withdrawals in retirement. These different types of trust agreements under the Contra Costa California Polaris 401(k) Retirement Savings Plan provide flexibility and customization options, ensuring that the retirement offerings align with the goals and preferences of both Polaris Industries, Inc. and its employees. Through the partnership with Fidelity Management Trust Co., the trust agreement strives to maintain the integrity and security of the plan, helping employees save for a financially secure future.