Houston 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
• City: Houston
• 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 Houston Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. The purpose of this agreement is to establish a trust that will serve as the framework for managing and administering the retirement savings plan for Polaris employees. The trust agreement outlines the specific terms and conditions that govern the establishment, operation, and management of the 401(k) retirement plan. It ensures that both Polaris Industries, Inc. and Fidelity Management Trust Co. fulfill their respective roles and responsibilities in maintaining and safeguarding the plan assets. Key provisions outlined in the trust agreement include: 1. Establishment of Trust: The agreement establishes the trust as a separate legal entity and outlines its purpose, objectives, and scope of authority. It identifies Fidelity Management Trust Co. as the trustee responsible for overseeing the administration of the plan and managing the investment assets on behalf of plan participants. 2. Investment Management: The trust agreement delineates the roles and responsibilities of Fidelity Management Trust Co. as the investment manager. It sets guidelines for the selection, monitoring, and documentation of investment options offered within the 401(k) plan, ensuring compliance with applicable laws and regulations. 3. Contribution and Vesting: The trust agreement defines the contribution methods, eligibility criteria, and vesting schedules for employees participating in the 401(k) plan. It specifies the employer's matching contribution policy and any other employer-contributed funds. 4. Participant Rights and Benefits: The agreement outlines the rights, obligations, and benefits afforded to plan participants, including the availability of investment education resources, access to account information, and options for distribution and rollover of funds. 5. Plan Governance and Amendments: The trust agreement defines the procedures for plan governance and outlines the mechanisms for making plan amendments, including provisions for notifying participants of any changes. Different types of Houston Texas Polaris 401(k) Retirement Savings Plan Trust Agreements may exist depending on the specific needs and requirements of Polaris Industries and Fidelity Management Trust Co. These types may include variations in plan provisions, investment options, employer contributions, and participant benefits. It is crucial to review the individual trust agreement to understand the unique terms and conditions governing that particular plan.

The Houston Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. The purpose of this agreement is to establish a trust that will serve as the framework for managing and administering the retirement savings plan for Polaris employees. The trust agreement outlines the specific terms and conditions that govern the establishment, operation, and management of the 401(k) retirement plan. It ensures that both Polaris Industries, Inc. and Fidelity Management Trust Co. fulfill their respective roles and responsibilities in maintaining and safeguarding the plan assets. Key provisions outlined in the trust agreement include: 1. Establishment of Trust: The agreement establishes the trust as a separate legal entity and outlines its purpose, objectives, and scope of authority. It identifies Fidelity Management Trust Co. as the trustee responsible for overseeing the administration of the plan and managing the investment assets on behalf of plan participants. 2. Investment Management: The trust agreement delineates the roles and responsibilities of Fidelity Management Trust Co. as the investment manager. It sets guidelines for the selection, monitoring, and documentation of investment options offered within the 401(k) plan, ensuring compliance with applicable laws and regulations. 3. Contribution and Vesting: The trust agreement defines the contribution methods, eligibility criteria, and vesting schedules for employees participating in the 401(k) plan. It specifies the employer's matching contribution policy and any other employer-contributed funds. 4. Participant Rights and Benefits: The agreement outlines the rights, obligations, and benefits afforded to plan participants, including the availability of investment education resources, access to account information, and options for distribution and rollover of funds. 5. Plan Governance and Amendments: The trust agreement defines the procedures for plan governance and outlines the mechanisms for making plan amendments, including provisions for notifying participants of any changes. Different types of Houston Texas Polaris 401(k) Retirement Savings Plan Trust Agreements may exist depending on the specific needs and requirements of Polaris Industries and Fidelity Management Trust Co. These types may include variations in plan provisions, investment options, employer contributions, and participant benefits. It is crucial to review the individual trust agreement to understand the unique terms and conditions governing that particular plan.