Hennepin Minnesota 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: Hennepin
• 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 Hennepin Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement is an important legal document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement ensures that employees of Polaris Industries in Hennepin County, Minnesota, have access to a reliable and secure retirement savings plan. The trust agreement provides a detailed framework for the management and administration of the Polaris 401(k) Retirement Savings Plan. It outlines the roles and responsibilities of both Polaris Industries, Inc. as the plan sponsor and administrator, and Fidelity Management Trust Co. as the trustee. This agreement ensures that employees have the opportunity to contribute a portion of their salary on a pre-tax basis to their retirement accounts, thus enabling them to save for their future. The trust agreement also ensures that Polaris Industries, Inc. can make contributions to the plan on behalf of eligible employees, either in the form of matching contributions or profit-sharing contributions. Furthermore, the trust agreement establishes the investment options available to plan participants. It outlines the various investment vehicles, such as mutual funds or company stock, that employees can choose from in order to grow their retirement savings. The agreement also includes provisions for the periodic review and evaluation of investment options, ensuring that participants have access to a diverse range of investment opportunities. Additionally, the Hennepin County Polaris 401(k) Retirement Savings Plan Trust Agreement includes provisions for the distribution of retirement benefits. It outlines the eligibility criteria for participants to receive their benefits and establishes the rules for the timing and forms of distribution. The agreement also addresses any applicable tax implications and the procedures for handling beneficiary designations in the event of a participant's death. It is important to note that while the information provided here reflects a general understanding of the Hennepin Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement, there may be variations and additional provisions specific to individual employees or groups within Polaris Industries, Inc. Therefore, it is essential for employees to review the official trust agreement and consult with professional advisors for personalized guidance. Other types of Hennepin Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreements may include variations of the agreement specific to different employee groups or divisions within Polaris Industries, Inc. These agreements may have slight modifications to accommodate unique needs, eligibility requirements, or investment options for specific employees or departments.

The Hennepin Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement is an important legal document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement ensures that employees of Polaris Industries in Hennepin County, Minnesota, have access to a reliable and secure retirement savings plan. The trust agreement provides a detailed framework for the management and administration of the Polaris 401(k) Retirement Savings Plan. It outlines the roles and responsibilities of both Polaris Industries, Inc. as the plan sponsor and administrator, and Fidelity Management Trust Co. as the trustee. This agreement ensures that employees have the opportunity to contribute a portion of their salary on a pre-tax basis to their retirement accounts, thus enabling them to save for their future. The trust agreement also ensures that Polaris Industries, Inc. can make contributions to the plan on behalf of eligible employees, either in the form of matching contributions or profit-sharing contributions. Furthermore, the trust agreement establishes the investment options available to plan participants. It outlines the various investment vehicles, such as mutual funds or company stock, that employees can choose from in order to grow their retirement savings. The agreement also includes provisions for the periodic review and evaluation of investment options, ensuring that participants have access to a diverse range of investment opportunities. Additionally, the Hennepin County Polaris 401(k) Retirement Savings Plan Trust Agreement includes provisions for the distribution of retirement benefits. It outlines the eligibility criteria for participants to receive their benefits and establishes the rules for the timing and forms of distribution. The agreement also addresses any applicable tax implications and the procedures for handling beneficiary designations in the event of a participant's death. It is important to note that while the information provided here reflects a general understanding of the Hennepin Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreement, there may be variations and additional provisions specific to individual employees or groups within Polaris Industries, Inc. Therefore, it is essential for employees to review the official trust agreement and consult with professional advisors for personalized guidance. Other types of Hennepin Minnesota Polaris 401(k) Retirement Savings Plan Trust Agreements may include variations of the agreement specific to different employee groups or divisions within Polaris Industries, Inc. These agreements may have slight modifications to accommodate unique needs, eligibility requirements, or investment options for specific employees or departments.