Harris 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: Harris
• 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 Harris Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document between Polaris Industries, Inc. and Fidelity Management Trust Co. It represents the establishment of a trust that will manage the retirement savings plan for employees of Polaris Industries located in Harris, Texas. This trust agreement outlines the terms and conditions under which the assets of the retirement savings plan will be managed and protected. It ensures that the contributions made by employees, as well as any employer matching contributions, are handled and invested responsibly to secure a comfortable retirement for the plan participants. The agreement defines the roles and responsibilities of both Polaris Industries and Fidelity Management Trust Co. Polaris Industries, as the plan sponsor, has the duty to administer the plan and ensure that all contributions and distributions comply with the regulations set by the Internal Revenue Service (IRS) and the Employee Retirement Income Security Act (ERICA). Fidelity Management Trust Co., as the trustee, is tasked with managing and investing the trust's assets in accordance with the investment guidelines specified in the agreement. By entering into this trust agreement, the plan participants can have peace of mind knowing that their retirement savings are being handled by a reputable trust company with the expertise and experience necessary to prudently manage investments. Though the specific details of the Harris Texas Polaris 401(k) Retirement Savings Plan Trust Agreement may vary based on individual circumstances, such as the investment options and vesting schedules, the main goal remains the same — to establish a trust that safeguards the retirement savings of the plan participants. It is important to note that this description refers to a specific type of trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. Other types of trust agreements may exist between different entities for various purposes, such as estate planning or charitable trusts. The key is to ensure that the specific trust agreement being discussed is the one related to the Harris Texas Polaris 401(k) Retirement Savings Plan.

The Harris Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document between Polaris Industries, Inc. and Fidelity Management Trust Co. It represents the establishment of a trust that will manage the retirement savings plan for employees of Polaris Industries located in Harris, Texas. This trust agreement outlines the terms and conditions under which the assets of the retirement savings plan will be managed and protected. It ensures that the contributions made by employees, as well as any employer matching contributions, are handled and invested responsibly to secure a comfortable retirement for the plan participants. The agreement defines the roles and responsibilities of both Polaris Industries and Fidelity Management Trust Co. Polaris Industries, as the plan sponsor, has the duty to administer the plan and ensure that all contributions and distributions comply with the regulations set by the Internal Revenue Service (IRS) and the Employee Retirement Income Security Act (ERICA). Fidelity Management Trust Co., as the trustee, is tasked with managing and investing the trust's assets in accordance with the investment guidelines specified in the agreement. By entering into this trust agreement, the plan participants can have peace of mind knowing that their retirement savings are being handled by a reputable trust company with the expertise and experience necessary to prudently manage investments. Though the specific details of the Harris Texas Polaris 401(k) Retirement Savings Plan Trust Agreement may vary based on individual circumstances, such as the investment options and vesting schedules, the main goal remains the same — to establish a trust that safeguards the retirement savings of the plan participants. It is important to note that this description refers to a specific type of trust agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. Other types of trust agreements may exist between different entities for various purposes, such as estate planning or charitable trusts. The key is to ensure that the specific trust agreement being discussed is the one related to the Harris Texas Polaris 401(k) Retirement Savings Plan.