Travis Texas 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: Travis
• 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 Travis Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document between Polaris Industries, Inc. and Fidelity Management Trust Co. It outlines the establishment of a trust that will serve as the vehicle for holding and managing the retirement savings of Polaris employees. This trust agreement is designed to ensure the safekeeping and proper management of the 401(k) retirement savings of eligible employees of Polaris Industries, Inc., a leading manufacturer of off-road vehicles, motorcycles, and snowmobiles. The agreement establishes the fiduciary relationship between Polaris Industries, Inc. as the plan sponsor and trustee, and Fidelity Management Trust Co. as the designated trustee and custodian of the retirement savings plan. Fidelity Management Trust Co. is responsible for overseeing the investment options offered within the plan and safeguarding the assets held in trust. Key provisions of the Travis Texas Polaris 401(k) Retirement Savings Plan Trust Agreement may include: 1. Establishment of the Trust: The agreement details the creation of the trust and provides the legal framework for its operations. 2. Roles and Responsibilities: It clearly defines the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. in administering the plan and managing the retirement savings. 3. Contribution Guidelines: The agreement outlines the rules and regulations governing the contributions made by employees to the 401(k) plan, including eligibility criteria, contribution limits, and any matching contributions provided by Polaris Industries, Inc. 4. Vesting: The trust agreement may include provisions related to the vesting of employer contributions, specifying how and when employees become fully vested in their retirement savings. 5. Investment Options: It outlines the investment options available within the plan, including a diverse range of funds, stocks, bonds, and other investment vehicles. The agreement may also stipulate any restrictions or guidelines for investment selection. 6. Distribution Rules: The agreement defines the rules and parameters for distributions made from the trust, such as age requirements for withdrawals, loan provisions, and hardship withdrawal provisions. 7. Amendment and Termination: The agreement includes provisions for amending or terminating the trust, outlining the process and necessary steps to be taken. Different types of Travis Texas Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may vary based on the unique requirements, preferences, and needs of the organization. These agreements can be modified and customized to align with specific plan features, investment options, and regulatory compliance.

The Travis Texas Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document between Polaris Industries, Inc. and Fidelity Management Trust Co. It outlines the establishment of a trust that will serve as the vehicle for holding and managing the retirement savings of Polaris employees. This trust agreement is designed to ensure the safekeeping and proper management of the 401(k) retirement savings of eligible employees of Polaris Industries, Inc., a leading manufacturer of off-road vehicles, motorcycles, and snowmobiles. The agreement establishes the fiduciary relationship between Polaris Industries, Inc. as the plan sponsor and trustee, and Fidelity Management Trust Co. as the designated trustee and custodian of the retirement savings plan. Fidelity Management Trust Co. is responsible for overseeing the investment options offered within the plan and safeguarding the assets held in trust. Key provisions of the Travis Texas Polaris 401(k) Retirement Savings Plan Trust Agreement may include: 1. Establishment of the Trust: The agreement details the creation of the trust and provides the legal framework for its operations. 2. Roles and Responsibilities: It clearly defines the roles and responsibilities of both Polaris Industries, Inc. and Fidelity Management Trust Co. in administering the plan and managing the retirement savings. 3. Contribution Guidelines: The agreement outlines the rules and regulations governing the contributions made by employees to the 401(k) plan, including eligibility criteria, contribution limits, and any matching contributions provided by Polaris Industries, Inc. 4. Vesting: The trust agreement may include provisions related to the vesting of employer contributions, specifying how and when employees become fully vested in their retirement savings. 5. Investment Options: It outlines the investment options available within the plan, including a diverse range of funds, stocks, bonds, and other investment vehicles. The agreement may also stipulate any restrictions or guidelines for investment selection. 6. Distribution Rules: The agreement defines the rules and parameters for distributions made from the trust, such as age requirements for withdrawals, loan provisions, and hardship withdrawal provisions. 7. Amendment and Termination: The agreement includes provisions for amending or terminating the trust, outlining the process and necessary steps to be taken. Different types of Travis Texas Polaris 401(k) Retirement Savings Plan Trust Agreements between Polaris Industries, Inc. and Fidelity Management Trust Co. may vary based on the unique requirements, preferences, and needs of the organization. These agreements can be modified and customized to align with specific plan features, investment options, and regulatory compliance.