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Home My WebLink About690301.tiffAddress any reply L. aru1 OR1al Ol., lleltver, %Anti. bULUL CJJD 4P®& @IJET q DGEMNUown D1cYR ' ©e Ok)P Llitlerinc! Revenue :e tee: t ice Oete: AUG 2 i; 1969 In reply refer to: A:R.GKS_:_cp DEN:P:69-1452 r> Weld County Board of County Commissioners P.G. Box 458 Greeley, Colorado 80632 Gentlemen: We have determined from the evidence presented that your employees' Pension plan, with the amendments adopted July 23 , 19109, meets the requirements of section 401(a) of the Internal Revenue Code. The related trust, established under your Indenture of January 29 , 19122 v `% is exempt from income tax under section 501(a). The trust is subject to section 502 of the Code (feeder organizations), section 503 (prohibited transactions), and sections 511 through 515 (tax on unrelated business income). Also, the trust is required to file an annual return, Form 990-P, as prescribed by section 6033 of the Code. Contributions made to the trust under the plan will be allowable, subject to the conditions and limitations of section 404 of the Code. You are required to file Form 2950 and other information as prescribed by section 1.404(x)-2 of the Regulations. Life insurance premiums paid on behalf of employees, from either your contributions or trust earnings, will constitute income of the employee under section 1.72-16 of the Regulations. This determination le in accordance with the pertinent provisions of the Internal Revenue Code and is not a determination regarding the applicability of other Federal statutes. The law is concerned not only with the form of the. plan but also its effects in operation. If the facts subsequently developed ore materially different from the facts on which this determination is based, this determination may become inapplicable. This office is to be notified in the event of termination of the plan (or trust): Sincerely yours, t,LL_,,a thus A.` ennedy District Director 690301 DCrft to Hello