Pima Arizona 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: Pima
• 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 Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial legal document that outlines the specific terms and conditions for the establishment and administration of a retirement savings trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement serves as the foundation for ensuring the proper management and safeguarding of employees' retirement funds in compliance with applicable laws and regulations. The purpose of the Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreement is to provide a framework for the fiduciary responsibilities, investment management, and overall operation of the retirement savings plan. The agreement defines the roles and responsibilities of Polaris Industries, Inc. as the plan sponsor and Fidelity Management Trust Co. as the trustee, clarifying their respective obligations and obligations towards plan participants. Key provisions within the trust agreement include the establishment of the trust itself, which acts as a separate legal entity to hold and manage the retirement assets. This provision ensures that the retirement savings are segregated from the employer's assets and protected for the exclusive benefit of plan participants. The agreement also outlines the procedures for contributions, investment options, participant withdrawals or distributions, and any potential amendments or termination of the trust. Different types of Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may vary based on specific plan features and customization options. For instance, the agreement could provide for various investment options tailored to individual participant's risk preferences, including mutual funds, target-date funds, or company stock. Additionally, the agreement may address the inclusion of specific company contributions such as matching or profit-sharing arrangements. In summary, the Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreement is a comprehensive legal document that defines the structure, responsibilities, and processes related to the establishment and administration of a retirement savings plan. By entering into this agreement, Polaris Industries, Inc. and Fidelity Management Trust Co. establish a clear framework for the proper management and governance of employees' retirement funds.

The Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreement is a crucial legal document that outlines the specific terms and conditions for the establishment and administration of a retirement savings trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement serves as the foundation for ensuring the proper management and safeguarding of employees' retirement funds in compliance with applicable laws and regulations. The purpose of the Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreement is to provide a framework for the fiduciary responsibilities, investment management, and overall operation of the retirement savings plan. The agreement defines the roles and responsibilities of Polaris Industries, Inc. as the plan sponsor and Fidelity Management Trust Co. as the trustee, clarifying their respective obligations and obligations towards plan participants. Key provisions within the trust agreement include the establishment of the trust itself, which acts as a separate legal entity to hold and manage the retirement assets. This provision ensures that the retirement savings are segregated from the employer's assets and protected for the exclusive benefit of plan participants. The agreement also outlines the procedures for contributions, investment options, participant withdrawals or distributions, and any potential amendments or termination of the trust. Different types of Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may vary based on specific plan features and customization options. For instance, the agreement could provide for various investment options tailored to individual participant's risk preferences, including mutual funds, target-date funds, or company stock. Additionally, the agreement may address the inclusion of specific company contributions such as matching or profit-sharing arrangements. In summary, the Lima Arizona Polaris 401(k) Retirement Savings Plan Trust Agreement is a comprehensive legal document that defines the structure, responsibilities, and processes related to the establishment and administration of a retirement savings plan. By entering into this agreement, Polaris Industries, Inc. and Fidelity Management Trust Co. establish a clear framework for the proper management and governance of employees' retirement funds.