Middlesex Massachusetts 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: Middlesex
• 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 Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. It serves as the foundation for the establishment of a trust to manage the retirement savings of eligible participants. This Trust Agreement outlines the responsibilities, rights, and obligations of both parties involved in the implementation and administration of the Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan. It stipulates the terms and conditions under which the trust is created, funded, and operated. Some key aspects covered by the Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment of Trust: The agreement details the formation and establishment of the trust, highlighting its purpose, objectives, and intended benefits. It outlines the timeline and procedure for creating the trust and clarifies the roles of Polaris Industries, Inc. and Fidelity Management Trust Co. 2. Funding and Contributions: The Trust Agreement defines the methods and frequency of contributions made by both employees and Polaris Industries, Inc. to the trust fund. It may include information on salary deferrals, employer matching contributions, and profit-sharing contributions. 3. Investment and Management of Funds: This agreement sets forth the guidelines and requirements for the investment and management of trust funds. It may outline authorized investment options and strategies, the role of Fidelity Management Trust Co. as the fiduciary for investment decisions, and the process for managing participant-directed investments. 4. Distribution of Benefits: The Trust Agreement describes the distribution rules and options available to participants upon reaching retirement age or in the event of retirement, disability, termination, or death. It may include provisions for lump-sum distributions, annuity options, and rollovers to other qualified retirement plans. 5. Plan Administration: The agreement delineates the administrative responsibilities and obligations of both parties. It covers record-keeping, reporting, legal compliance, and any necessary amendments and modifications to the plan. In addition to the Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan Trust Agreement, there may be variations or different types of trust agreements based on specific plan provisions, participant eligibility criteria, or employer contributions. These variations could include plan-specific provisions for early retirement options, vesting schedules, catch-up contributions, or unique investment options. It is crucial to refer to the specific agreement associated with a particular Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan for accurate information.

The Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. It serves as the foundation for the establishment of a trust to manage the retirement savings of eligible participants. This Trust Agreement outlines the responsibilities, rights, and obligations of both parties involved in the implementation and administration of the Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan. It stipulates the terms and conditions under which the trust is created, funded, and operated. Some key aspects covered by the Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment of Trust: The agreement details the formation and establishment of the trust, highlighting its purpose, objectives, and intended benefits. It outlines the timeline and procedure for creating the trust and clarifies the roles of Polaris Industries, Inc. and Fidelity Management Trust Co. 2. Funding and Contributions: The Trust Agreement defines the methods and frequency of contributions made by both employees and Polaris Industries, Inc. to the trust fund. It may include information on salary deferrals, employer matching contributions, and profit-sharing contributions. 3. Investment and Management of Funds: This agreement sets forth the guidelines and requirements for the investment and management of trust funds. It may outline authorized investment options and strategies, the role of Fidelity Management Trust Co. as the fiduciary for investment decisions, and the process for managing participant-directed investments. 4. Distribution of Benefits: The Trust Agreement describes the distribution rules and options available to participants upon reaching retirement age or in the event of retirement, disability, termination, or death. It may include provisions for lump-sum distributions, annuity options, and rollovers to other qualified retirement plans. 5. Plan Administration: The agreement delineates the administrative responsibilities and obligations of both parties. It covers record-keeping, reporting, legal compliance, and any necessary amendments and modifications to the plan. In addition to the Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan Trust Agreement, there may be variations or different types of trust agreements based on specific plan provisions, participant eligibility criteria, or employer contributions. These variations could include plan-specific provisions for early retirement options, vesting schedules, catch-up contributions, or unique investment options. It is crucial to refer to the specific agreement associated with a particular Middlesex Massachusetts Polaris 401(k) Retirement Savings Plan for accurate information.