Letter (4K)
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{DOCUMENT}
{TYPE}EX-5
{SEQUENCE}3
{FILENAME}jd10-15ex5_1.txt
{DESCRIPTION}5.1
{TEXT}
Exhibit 5.1
INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY
DISTRICT DIRECTOR
G.P.O BOX 1680
BROOKLYN, NY 11202
Employee Identification Number:
Date: JAN 17 1995 11-2380136
File Holder Number:
133001570
UNIVERSAL HOLDING CORP. Person to Contact:
MOUNT EBO CORPORATE PARK DEBORAH ALPERT
C/O JEFFREY S. KAHN, ESQ. Contact Telephone Number:
KAHN, WAXMAN & TAUB, P.C. (516) 603-5385
60 EAST 42ND STREET-STE 2130 Plan Names:
NEW YORK, NY 10165 UNIVERSAL HOLDING CORP. 401(k)
SAVINGS PLAN
Plan Number: 001
Dear Applicant:
We have made a favorable determination on your plan, identified
above, based on the information supplied. Please keep this letter in your
permanent records.
Continued qualification of the plan under its present form will
depend on its effect in operation. (See section 1.401-1(b)(3) of the Income Tax
Regulations.) We will review the status of the plan in operation periodically.
The enclosed document explains the significance of this favorable
determination letter, points out some features that may affect the qualified
status of your employee retirement plan, and provides information on the
reporting requirements for your plan. It also describes some events that
automatically nullify it. It is very important that you read the publication.
This letter relates only to the status of your plan under the
Internal Revenue Code. It is not a determination regarding the effect of other
codes or local statutes.
This determination is subject to your adoption of the proposed
amendment submitted in your letter dated January 12, 1995. The proposed
amendments should be adopted on or before the date prescribed by the regulations
under Code section 401(b).
This determination letter is applicable for the amendment(s) adopted
on June 24, 1994.
This determination letter is applicable for the plan adopted on
October 29, 1993.
This plan satisfies the nondiscrimination in amount requirement of
section 1.401(a)(4)-1(b)(2) of the regulations on the basis of a design-based
safe harbor described in the regulations.
This letter is issued under Rev. Proc. 93-39 and considers the
amendment required by the Tax Reform Act of 1986 except as otherwise specified
in this letter.
{PAGE}
UNIVERSAL HOLDING CORP
This plan satisfies the nondiscriminatory current availability
requirements of section 1.401(a)(4)-4(b) of the regulations with respect to
those benefits, rights, and features that are currently available to all
employees in the plan's coverage group. For this purpose, the plan's coverage
group consists of those employees treated as currently benefiting for purposes
of demonstrating that the plan satisfies the minimum coverage requirements of
section 410(b) of the Code.
If you have questions concerning this matter, please contact the
person whose name and telephone number are shown above.
Sincerely yours,
/s/ Herbert J. Huff
Herbert J. Huff
District Director
Enclosures:
Publications 794
Reporting & Disclosure Guide
for Employee Benefit Plans
2
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