Montgomery Maryland 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: Montgomery
• 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 Montgomery Maryland Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a legally binding document that outlines the establishment and management of a trust for the retirement savings plan. This agreement ensures that the assets contributed by employees of Polaris Industries, Inc. are protected and managed responsibly. The purpose of the trust agreement is to secure the retirement benefits of participating employees. It sets out the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. in administering the trust. The agreement outlines the investment guidelines, contribution limits, eligibility requirements, and distribution rules that govern the trust. Some key elements and provisions covered in the Montgomery Maryland Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment and Funding: The agreement outlines the establishment of the trust, including the initial funding process, which may include both employer and employee contributions. 2. Administration and Investment: It defines the roles and responsibilities of both parties involved in the administration and investment of the trust. This includes selecting investment options, monitoring investment performance, and providing regular reports to plan participants. 3. Contribution Guidelines: The agreement specifies the guidelines for employee contributions, including any matching contributions offered by Polaris Industries, Inc., and the process for making changes to contribution amounts. 4. Vesting and Eligibility: It details the eligibility requirements for employees to participate in the Polaris 401(k) plan, as well as the vesting schedule that governs their ownership rights to the contributed funds based on their length of service. 5. Distribution and Withdrawal Rules: The agreement outlines the rules governing the distribution of retirement benefits, including the options available for participants upon reaching retirement age or in the event of a qualified hardship or termination of employment. 6. Amendment and Termination: It provides procedures for making amendments to the agreement and under what circumstances it may be terminated. In addition to the Montgomery Maryland Polaris 401(k) Retirement Savings Plan Trust Agreement, other types of trust agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may include variations specific to different retirement plans, such as profit-sharing plans or pension plans. These documents serve to establish the trust, define the terms, and ensure compliance with applicable laws and regulations for each respective plan.

The Montgomery Maryland Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. is a legally binding document that outlines the establishment and management of a trust for the retirement savings plan. This agreement ensures that the assets contributed by employees of Polaris Industries, Inc. are protected and managed responsibly. The purpose of the trust agreement is to secure the retirement benefits of participating employees. It sets out the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. in administering the trust. The agreement outlines the investment guidelines, contribution limits, eligibility requirements, and distribution rules that govern the trust. Some key elements and provisions covered in the Montgomery Maryland Polaris 401(k) Retirement Savings Plan Trust Agreement include: 1. Establishment and Funding: The agreement outlines the establishment of the trust, including the initial funding process, which may include both employer and employee contributions. 2. Administration and Investment: It defines the roles and responsibilities of both parties involved in the administration and investment of the trust. This includes selecting investment options, monitoring investment performance, and providing regular reports to plan participants. 3. Contribution Guidelines: The agreement specifies the guidelines for employee contributions, including any matching contributions offered by Polaris Industries, Inc., and the process for making changes to contribution amounts. 4. Vesting and Eligibility: It details the eligibility requirements for employees to participate in the Polaris 401(k) plan, as well as the vesting schedule that governs their ownership rights to the contributed funds based on their length of service. 5. Distribution and Withdrawal Rules: The agreement outlines the rules governing the distribution of retirement benefits, including the options available for participants upon reaching retirement age or in the event of a qualified hardship or termination of employment. 6. Amendment and Termination: It provides procedures for making amendments to the agreement and under what circumstances it may be terminated. In addition to the Montgomery Maryland Polaris 401(k) Retirement Savings Plan Trust Agreement, other types of trust agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may include variations specific to different retirement plans, such as profit-sharing plans or pension plans. These documents serve to establish the trust, define the terms, and ensure compliance with applicable laws and regulations for each respective plan.