Riverside California 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: Riverside
• 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 Riverside California Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the details and provisions of the trust established between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement aims to facilitate the management and administration of the retirement savings plan for Polaris employees. The trust agreement stipulates the responsibilities and roles of both Polaris Industries, Inc. and Fidelity Management Trust Co. in maintaining and safeguarding the assets held within the trust. It establishes Fidelity as the appointed trustee, responsible for overseeing the investment options and ensuring compliance with legal regulations. The trust agreement encompasses several key areas, including investment options, contribution guidelines, distribution regulations, and administrative procedures. It outlines the options available to participants for investing their retirement savings, detailing the various funds and asset classes offered under the plan. This allows participants to make informed decisions concerning their investments based on their risk tolerance and financial goals. Additionally, the agreement specifies the contribution guidelines, including the eligibility criteria, contribution limits, and any additional employer matching or profit-sharing contributions provided by Polaris Industries. It ensures that all participants are treated fairly and that the plan remains compliant with IRS regulations. Furthermore, the trust agreement details the distribution rules and options available to participants upon reaching the applicable retirement age or meeting other qualifying events. It ensures that individuals can access their retirement savings in a manner that suits their financial needs while adhering to any tax implications associated with early withdrawals. The establishment of the Riverside California Polaris 401(k) Retirement Savings Plan Trust Agreement provides a secure and structured framework for the administration of the retirement savings plan. By partnering with Fidelity Management Trust Co., Polaris Industries aims to leverage their expertise in managing retirement assets and ensuring the long-term growth and security of participants' savings. Different types of Riverside California Polaris 401(k) Retirement Savings Plan Trust Agreements may include variations specific to the nature of the plan offered to employees. For example, there might be distinct agreements for different employee groups or varying provisions based on employment status. However, the key aspects mentioned above are essential components that would be included in all variations of the agreement.

The Riverside California Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the details and provisions of the trust established between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement aims to facilitate the management and administration of the retirement savings plan for Polaris employees. The trust agreement stipulates the responsibilities and roles of both Polaris Industries, Inc. and Fidelity Management Trust Co. in maintaining and safeguarding the assets held within the trust. It establishes Fidelity as the appointed trustee, responsible for overseeing the investment options and ensuring compliance with legal regulations. The trust agreement encompasses several key areas, including investment options, contribution guidelines, distribution regulations, and administrative procedures. It outlines the options available to participants for investing their retirement savings, detailing the various funds and asset classes offered under the plan. This allows participants to make informed decisions concerning their investments based on their risk tolerance and financial goals. Additionally, the agreement specifies the contribution guidelines, including the eligibility criteria, contribution limits, and any additional employer matching or profit-sharing contributions provided by Polaris Industries. It ensures that all participants are treated fairly and that the plan remains compliant with IRS regulations. Furthermore, the trust agreement details the distribution rules and options available to participants upon reaching the applicable retirement age or meeting other qualifying events. It ensures that individuals can access their retirement savings in a manner that suits their financial needs while adhering to any tax implications associated with early withdrawals. The establishment of the Riverside California Polaris 401(k) Retirement Savings Plan Trust Agreement provides a secure and structured framework for the administration of the retirement savings plan. By partnering with Fidelity Management Trust Co., Polaris Industries aims to leverage their expertise in managing retirement assets and ensuring the long-term growth and security of participants' savings. Different types of Riverside California Polaris 401(k) Retirement Savings Plan Trust Agreements may include variations specific to the nature of the plan offered to employees. For example, there might be distinct agreements for different employee groups or varying provisions based on employment status. However, the key aspects mentioned above are essential components that would be included in all variations of the agreement.