Oakland Michigan 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: Oakland
• 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 Oakland Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document between Polaris Industries, Inc. (the employer) and Fidelity Management Trust Co. (the trustee), which outlines the establishment and administration of the retirement savings plan trust. This agreement defines the terms, conditions, and responsibilities of both parties involved in managing the trust. The main objective of the trust agreement is to serve as a vehicle for employees of Polaris Industries, Inc. to save and invest funds for their retirement. By participating in the Oakland Michigan Polaris 401(k) Retirement Savings Plan, employees can contribute a portion of their salary on a pre-tax basis, which is then invested according to the investment options provided by the plan. The trust agreement specifies the duties and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. In general, Polaris Industries, Inc. is responsible for making contributions to the plan on behalf of participating employees. They also determine the eligibility requirements, vesting rules, and contribution limits. Fidelity Management Trust Co., on the other hand, acts as the trustee and is responsible for managing the assets of the trust. This includes the investment of funds according to the investment options chosen by the participants and maintaining accurate records of each participant's account. Additionally, the trust agreement may also include provisions regarding the administration of the plan, including the distribution of benefits upon retirement, disability, or termination of employment. It may also outline the procedures for loans and hardships, as well as the rights and responsibilities of the plan participants. It is important to note that while the Oakland Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is specific to Polaris Industries, Inc. and Fidelity Management Trust Co., similar agreements may exist between different employers and financial institutions. These agreements may vary in terms of specific provisions and details, but they generally serve the same purpose of providing employees with a retirement savings plan and establishing the responsibilities of the employer and trustee in managing the plan. In conclusion, the Oakland Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that governs the establishment, management, and administration of the retirement savings plan for employees of Polaris Industries, Inc. It clarifies the roles and responsibilities of both parties involved and ensures the proper handling and investment of participants' contributions for their future retirement needs.

The Oakland Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legal document between Polaris Industries, Inc. (the employer) and Fidelity Management Trust Co. (the trustee), which outlines the establishment and administration of the retirement savings plan trust. This agreement defines the terms, conditions, and responsibilities of both parties involved in managing the trust. The main objective of the trust agreement is to serve as a vehicle for employees of Polaris Industries, Inc. to save and invest funds for their retirement. By participating in the Oakland Michigan Polaris 401(k) Retirement Savings Plan, employees can contribute a portion of their salary on a pre-tax basis, which is then invested according to the investment options provided by the plan. The trust agreement specifies the duties and obligations of both Polaris Industries, Inc. and Fidelity Management Trust Co. In general, Polaris Industries, Inc. is responsible for making contributions to the plan on behalf of participating employees. They also determine the eligibility requirements, vesting rules, and contribution limits. Fidelity Management Trust Co., on the other hand, acts as the trustee and is responsible for managing the assets of the trust. This includes the investment of funds according to the investment options chosen by the participants and maintaining accurate records of each participant's account. Additionally, the trust agreement may also include provisions regarding the administration of the plan, including the distribution of benefits upon retirement, disability, or termination of employment. It may also outline the procedures for loans and hardships, as well as the rights and responsibilities of the plan participants. It is important to note that while the Oakland Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is specific to Polaris Industries, Inc. and Fidelity Management Trust Co., similar agreements may exist between different employers and financial institutions. These agreements may vary in terms of specific provisions and details, but they generally serve the same purpose of providing employees with a retirement savings plan and establishing the responsibilities of the employer and trustee in managing the plan. In conclusion, the Oakland Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that governs the establishment, management, and administration of the retirement savings plan for employees of Polaris Industries, Inc. It clarifies the roles and responsibilities of both parties involved and ensures the proper handling and investment of participants' contributions for their future retirement needs.