Los Angeles California 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: Los Angeles
• 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 Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. aims to provide a comprehensive and structured retirement savings plan for employees of Polaris Industries, Inc. working in the Los Angeles area. This trust agreement serves as the legal foundation for managing the retirement funds and ensuring optimal investment strategies for plan participants. The establishment of the trust involves Polaris Industries, Inc., a leading global manufacturer of power sport vehicles and Fidelity Management Trust Co., a reputable financial management company with expertise in retirement plans. By entering into this agreement, Polaris Industries, Inc. shows an unwavering commitment to supporting their employees' long-term financial security. Key provisions of the Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Plan Objectives: The agreement outlines the primary goals of the retirement savings plan, including providing employees with a platform to accumulate retirement savings. 2. Trustee Appointment: Fidelity Management Trust Co. is appointed as the trustee of the retirement savings plan and responsible for administering the trust assets in accordance with the plan's provisions. 3. Funding and Contributions: The agreement establishes guidelines for employee contributions, employer matches, and any additional contributions made to the plan. It also stipulates the frequency and methods of these contributions. 4. Vesting Schedule: The agreement details the vesting schedule, which determines the degree of ownership employees have over their retirement funds based on their length of service. 5. Investment Options: It specifies the investment options available to plan participants, which may include various mutual funds, stocks, bonds, and other financial instruments, subject to applicable regulatory and legal requirements. 6. Administrative Duties: The agreement outlines the responsibilities and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. in terms of maintaining accurate records, reporting, and communication with plan participants. Different types of Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreements may exist based on specific plan features, employee eligibility criteria, or financial objectives. For instance, different agreements might be in place for employees in various age groups, giving them access to tailored investment options aligning with their retirement goals. Additionally, there might be variations in the agreement based on employee tenure or contribution levels, providing options and incentives for long-term savings. In conclusion, the Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreement enables Polaris Industries, Inc. to offer their employees a comprehensive retirement savings plan managed by Fidelity Management Trust Co. With specific provisions addressing contributions, investments, and administrative duties, this agreement solidifies the commitment to employee financial security, allowing individuals to plan and work towards a secure retirement future.

Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. aims to provide a comprehensive and structured retirement savings plan for employees of Polaris Industries, Inc. working in the Los Angeles area. This trust agreement serves as the legal foundation for managing the retirement funds and ensuring optimal investment strategies for plan participants. The establishment of the trust involves Polaris Industries, Inc., a leading global manufacturer of power sport vehicles and Fidelity Management Trust Co., a reputable financial management company with expertise in retirement plans. By entering into this agreement, Polaris Industries, Inc. shows an unwavering commitment to supporting their employees' long-term financial security. Key provisions of the Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Plan Objectives: The agreement outlines the primary goals of the retirement savings plan, including providing employees with a platform to accumulate retirement savings. 2. Trustee Appointment: Fidelity Management Trust Co. is appointed as the trustee of the retirement savings plan and responsible for administering the trust assets in accordance with the plan's provisions. 3. Funding and Contributions: The agreement establishes guidelines for employee contributions, employer matches, and any additional contributions made to the plan. It also stipulates the frequency and methods of these contributions. 4. Vesting Schedule: The agreement details the vesting schedule, which determines the degree of ownership employees have over their retirement funds based on their length of service. 5. Investment Options: It specifies the investment options available to plan participants, which may include various mutual funds, stocks, bonds, and other financial instruments, subject to applicable regulatory and legal requirements. 6. Administrative Duties: The agreement outlines the responsibilities and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. in terms of maintaining accurate records, reporting, and communication with plan participants. Different types of Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreements may exist based on specific plan features, employee eligibility criteria, or financial objectives. For instance, different agreements might be in place for employees in various age groups, giving them access to tailored investment options aligning with their retirement goals. Additionally, there might be variations in the agreement based on employee tenure or contribution levels, providing options and incentives for long-term savings. In conclusion, the Los Angeles California Polaris 401(k) Retirement Savings Plan Trust Agreement enables Polaris Industries, Inc. to offer their employees a comprehensive retirement savings plan managed by Fidelity Management Trust Co. With specific provisions addressing contributions, investments, and administrative duties, this agreement solidifies the commitment to employee financial security, allowing individuals to plan and work towards a secure retirement future.