Wayne 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: Wayne
• 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 Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement is designed to provide employees of Polaris Industries, Inc. with a comprehensive retirement savings plan. The trust agreement serves as a vehicle through which employees can set aside a portion of their compensation to contribute to their retirement savings. Contributions are made on a pre-tax basis, meaning they are deducted from an employee's salary before taxes are taken out. This provides employees with a tax advantage as their savings grow over time. The establishment of this trust agreement is a significant step in ensuring the financial security of Polaris Industries, Inc. employees. By partnering with Fidelity Management Trust Co., Polaris Industries, Inc. is able to offer its employees access to a range of investment options to help build their retirement nest egg. These investment options include mutual funds, stocks, bonds, and other asset classes. One of the unique features of the Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is the ability for employees to contribute to the plan through salary deductions. This allows employees to automate their savings and makes it easier for them to consistently invest over time. Additionally, the trust agreement allows for employer contributions to further boost employees' retirement savings. The trust agreement also outlines the rules and regulations surrounding the withdrawal of funds from the 401(k) plan. Employees are typically eligible to start withdrawing funds from the plan after reaching a certain age, usually 59 and a half. However, there may be exceptions in cases of financial hardship or for other specific circumstances. It is important to note that individuals who participate in the Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement should consult with a financial advisor or tax professional to fully understand the implications and benefits of the plan. Overall, the establishment of the Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement demonstrates Polaris Industries, Inc.'s commitment to providing its employees with a reliable and effective retirement savings option. By partnering with Fidelity Management Trust Co., employees can take advantage of a diverse range of investment opportunities to help secure a comfortable retirement. There are no specific types of Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. regarding the establishment of trust mentioned in the prompt.

The Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is a legally binding document that outlines the establishment of a trust between Polaris Industries, Inc. and Fidelity Management Trust Co. This agreement is designed to provide employees of Polaris Industries, Inc. with a comprehensive retirement savings plan. The trust agreement serves as a vehicle through which employees can set aside a portion of their compensation to contribute to their retirement savings. Contributions are made on a pre-tax basis, meaning they are deducted from an employee's salary before taxes are taken out. This provides employees with a tax advantage as their savings grow over time. The establishment of this trust agreement is a significant step in ensuring the financial security of Polaris Industries, Inc. employees. By partnering with Fidelity Management Trust Co., Polaris Industries, Inc. is able to offer its employees access to a range of investment options to help build their retirement nest egg. These investment options include mutual funds, stocks, bonds, and other asset classes. One of the unique features of the Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement is the ability for employees to contribute to the plan through salary deductions. This allows employees to automate their savings and makes it easier for them to consistently invest over time. Additionally, the trust agreement allows for employer contributions to further boost employees' retirement savings. The trust agreement also outlines the rules and regulations surrounding the withdrawal of funds from the 401(k) plan. Employees are typically eligible to start withdrawing funds from the plan after reaching a certain age, usually 59 and a half. However, there may be exceptions in cases of financial hardship or for other specific circumstances. It is important to note that individuals who participate in the Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement should consult with a financial advisor or tax professional to fully understand the implications and benefits of the plan. Overall, the establishment of the Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement demonstrates Polaris Industries, Inc.'s commitment to providing its employees with a reliable and effective retirement savings option. By partnering with Fidelity Management Trust Co., employees can take advantage of a diverse range of investment opportunities to help secure a comfortable retirement. There are no specific types of Wayne Michigan Polaris 401(k) Retirement Savings Plan Trust Agreement between Polaris Industries, Inc. and Fidelity Management Trust Co. regarding the establishment of trust mentioned in the prompt.