Fairfax Virginia 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: Fairfax
• 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 Fairfax Virginia Polaris 401(k) Retirement Savings Plan Trust Agreement is an essential document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. specifically for the purpose of managing employees' retirement savings. This agreement ensures that the assets contributed by employees for their retirement are properly safeguarded and invested for their future benefit. The agreement highlights the roles and responsibilities of each party involved. Polaris Industries, Inc. acts as the plan sponsor and administrator, responsible for managing the retirement plan on behalf of its eligible employees. Fidelity Management Trust Co. acts as the trustee, entrusted with the duty of overseeing the investment of the plan assets and ensuring compliance with all applicable regulations. This comprehensive trust agreement covers various aspects related to the establishment and operation of the Fairfax Virginia Polaris 401(k) Retirement Savings Plan. It outlines the eligibility criteria for employees to participate in the plan, the contribution limits, and the vesting schedule for employer matching contributions, if applicable. Furthermore, the agreement delineates the investment options available to participants, providing details on the various investment funds and their associated risks and potential returns. It also includes information on how participants can change their investment allocations and exercise any voting rights related to the plan's investments. Additionally, the trust agreement addresses the distribution rules, including the circumstances under which employees can access their retirement savings, such as retirement, disability, or termination of employment. It outlines any applicable penalty or tax implications for early withdrawals and provides instructions on how to request a distribution from the plan. It is important to note that there may be different variations of the Fairfax Virginia Polaris 401(k) Retirement Savings Plan Trust Agreement, depending on specific plan provisions tailored to meet the needs of different employee groups within Polaris Industries, Inc. These variations may be based on factors such as employee classifications, compensation levels, or unique plan features. In conclusion, the Fairfax Virginia Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a vital document that ensures the proper establishment, administration, and management of retirement funds for eligible employees. By entering into this trust agreement, Polaris Industries, Inc. demonstrates its commitment to providing a robust and secure retirement savings plan for its workforce, while Fidelity Management Trust Co. assumes the role of trustee, diligently safeguarding and investing the plan assets for the participants' future financial well-being.

The Fairfax Virginia Polaris 401(k) Retirement Savings Plan Trust Agreement is an essential document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. specifically for the purpose of managing employees' retirement savings. This agreement ensures that the assets contributed by employees for their retirement are properly safeguarded and invested for their future benefit. The agreement highlights the roles and responsibilities of each party involved. Polaris Industries, Inc. acts as the plan sponsor and administrator, responsible for managing the retirement plan on behalf of its eligible employees. Fidelity Management Trust Co. acts as the trustee, entrusted with the duty of overseeing the investment of the plan assets and ensuring compliance with all applicable regulations. This comprehensive trust agreement covers various aspects related to the establishment and operation of the Fairfax Virginia Polaris 401(k) Retirement Savings Plan. It outlines the eligibility criteria for employees to participate in the plan, the contribution limits, and the vesting schedule for employer matching contributions, if applicable. Furthermore, the agreement delineates the investment options available to participants, providing details on the various investment funds and their associated risks and potential returns. It also includes information on how participants can change their investment allocations and exercise any voting rights related to the plan's investments. Additionally, the trust agreement addresses the distribution rules, including the circumstances under which employees can access their retirement savings, such as retirement, disability, or termination of employment. It outlines any applicable penalty or tax implications for early withdrawals and provides instructions on how to request a distribution from the plan. It is important to note that there may be different variations of the Fairfax Virginia Polaris 401(k) Retirement Savings Plan Trust Agreement, depending on specific plan provisions tailored to meet the needs of different employee groups within Polaris Industries, Inc. These variations may be based on factors such as employee classifications, compensation levels, or unique plan features. In conclusion, the Fairfax Virginia Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a vital document that ensures the proper establishment, administration, and management of retirement funds for eligible employees. By entering into this trust agreement, Polaris Industries, Inc. demonstrates its commitment to providing a robust and secure retirement savings plan for its workforce, while Fidelity Management Trust Co. assumes the role of trustee, diligently safeguarding and investing the plan assets for the participants' future financial well-being.