Mecklenburg North Carolina 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: Mecklenburg
• 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 Mecklenburg North Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document drafted between Polaris Industries, Inc. and Fidelity Management Trust Co. It serves as the foundation for establishing a trust to manage the retirement savings plan for employees of Polaris Industries in Mecklenburg County, North Carolina. This agreement outlines the terms and conditions under which the trust is created, managed, and operated. It establishes the roles and responsibilities of both parties involved in the agreement, ensuring compliance with legal and regulatory requirements. Key elements covered in the Mecklenburg North Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment of Trust: The agreement provides detailed information on the establishment and creation of the trust. It outlines the purpose, objectives, and structure of the trust for the retirement plan. 2. Trustees' Duties and Powers: It defines the duties and responsibilities of the trustees, who are responsible for ensuring proper administration of the funds. This includes investment management, record-keeping, compliance, and reporting. 3. Contributions and Vesting: The agreement describes the rules and procedures for employee contributions, employer matching contributions, and vesting schedules. It specifies the conditions under which employees become eligible to receive their contributions and any associated employer matching funds. 4. Investment Options: The agreement outlines the investment options available to plan participants. It may detail different investment funds, including stocks, bonds, index funds, and mutual funds, offered by Fidelity Management Trust Co. to participants. 5. Distribution of Funds: The agreement includes provisions for the distribution of funds upon retirement, termination, disability, or death of a plan participant. It specifies eligibility criteria, forms of payment, and any tax implications related to distributions. 6. Amendments and Termination: The agreement outlines the procedures for making amendments to the trust agreement and terminating the trust if necessary. It may require written notice and consent from both parties. It is important to note that the Mecklenburg North Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement may have variations depending on specific provisions negotiated between Polaris Industries, Inc. and Fidelity Management Trust Co. Additionally, there may be other types of trust agreements established by the same entities for different employee retirement plans. However, specific details of these other agreements were not provided in the query.

The Mecklenburg North Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document drafted between Polaris Industries, Inc. and Fidelity Management Trust Co. It serves as the foundation for establishing a trust to manage the retirement savings plan for employees of Polaris Industries in Mecklenburg County, North Carolina. This agreement outlines the terms and conditions under which the trust is created, managed, and operated. It establishes the roles and responsibilities of both parties involved in the agreement, ensuring compliance with legal and regulatory requirements. Key elements covered in the Mecklenburg North Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment of Trust: The agreement provides detailed information on the establishment and creation of the trust. It outlines the purpose, objectives, and structure of the trust for the retirement plan. 2. Trustees' Duties and Powers: It defines the duties and responsibilities of the trustees, who are responsible for ensuring proper administration of the funds. This includes investment management, record-keeping, compliance, and reporting. 3. Contributions and Vesting: The agreement describes the rules and procedures for employee contributions, employer matching contributions, and vesting schedules. It specifies the conditions under which employees become eligible to receive their contributions and any associated employer matching funds. 4. Investment Options: The agreement outlines the investment options available to plan participants. It may detail different investment funds, including stocks, bonds, index funds, and mutual funds, offered by Fidelity Management Trust Co. to participants. 5. Distribution of Funds: The agreement includes provisions for the distribution of funds upon retirement, termination, disability, or death of a plan participant. It specifies eligibility criteria, forms of payment, and any tax implications related to distributions. 6. Amendments and Termination: The agreement outlines the procedures for making amendments to the trust agreement and terminating the trust if necessary. It may require written notice and consent from both parties. It is important to note that the Mecklenburg North Carolina Polaris 401(k) Retirement Savings Plan Trust Agreement may have variations depending on specific provisions negotiated between Polaris Industries, Inc. and Fidelity Management Trust Co. Additionally, there may be other types of trust agreements established by the same entities for different employee retirement plans. However, specific details of these other agreements were not provided in the query.