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IRS FAVORABLE DETERMINATION " J I DEPARTMENT OF THE TREASURY INTERNAL REVENUE SERVICE DISTRICT DIRECTOR P. O. BOX 2508 CINCINNATI, OH 45201 Date: FEB 09 1999 Employer Identification Number: 59-6000289 DLN: 17007239028048 Person to Contact: RUDOLPH A BOLDREGHINI ID# 31070 Contact Telephone Number: (877) 829-5500 Plan Name: CITY OF CLEARWATER FLORIDA MONEY PURCHASE PENSION PLAN Plan Number: 002 CITY OF CLEARWATER FLORIDA 100 S MYRTLE AVENUE CLEARWATER, FL 34616-5520 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 events 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 regardlng the effect of other federal or local statutes. This determination letter lS applicable for the amendment(s) executed on August 11, 1998. This determination letter lS applicable for the plan adopted on August 28, 1997. Except--a-s-o'therwise-speeified,-this letter mayuQt be relied ul?on with respect to whether the plan satisfies the changes In the qualificatlon requirements made by the Uruguay Round Amendments Act (GATT) Pub. L. 103-465, the Taxpayer Relief Act of 1997 Pub. L. 105-34, and the changes in the qualification requirements of the Small Business Job Protectlon Act of 1996 Pub. L. 104-188 other than the requirements of Code section 401(a)(26). The information on the enclosed Publication 794 is an integral part of this determination. Please be sure to read and keep it with thls letter. The, requirement. for employee benefits plans to file summary plan descrlptlons (SPD) wlth the U.S. Department of Labor was eliminated. effective August 5, 1997. For more details, call 1-800-998-7542 for a free copy of the SPD card. Letter 835 (DOjCG) A,-"._ /) I . , ~~. ,', . ...,/ .' "." .- , (3'''\ ~ i'! I -2- CITY OF CLEARWATER FLORIDA The information on the enclosed addendum is an integral part of this determination. Please be sure to read and keep it with this letter. We have sent a copy of this letter to your representative as indicated ln the power of attorney. If you have questions concerning this matter, please contact the person whose name and telephone number are shown above. . Sincerely yours, ~~~ District Director Enclosures: Publication 794 Addendum Letter 835 (DOjCG) I I -3- CITY OF CLEARWATER FLORIDA This letter supersedes our letter dated on or about October 30, 1998. This superseding letter is based upon representations made by you or your representative in a telephone call or letter of November 9, 1998. Letter 835 (DOjCG)