Exhibit 5.1
INTERNAL REVENUE SERVICE P. O. BOX 2508 CINCINNATI, OH 45201 | DEPARTMENT OF THE TREASURY | |||
| Date: MAR 10 2017 | Employer Identification Number: | 34-0359955 | ||
| DLN: | 17007033100016 | |||
| THE LINCOLN ELECTRIC COMPANY | Person to Contact: | DANIEL ARREDONDO ID# 95045 | ||
| 22801 ST CLAIR AVE | Contact Telephone Number: | (626) 927-1426 | ||
| CLEVELAND, OH 44117-1199 | Plan Name: | THE LINCOLN ELECTRIC COMPANY EMPLOYEE SAVINGS PLAN | ||
| Plan Number: | 005 | |||
Dear Applicant:
Based on the information you provided, we are issuing this favorable determination letter for your plan listed above. However, our favorable determination only applies to the status of your plan under the Internal Revenue Code and is not a determination on the effect of other federal or local statutes. To use this letter as proof of the plan’s status, you must keep this letter, the application forms, and all correspondence with us about your application.
Your determination letter does not apply to any qualification changes that become effective, any guidance issued, or any statutes enacted after the dates specified in the Cumulative List of Changes in Plan Requirements (the Cumulative List) for the cycle you submitted your application under, unless the new item was identified in the Cumulative List.
Your plan’s continued qualification in its present form will depend on its effect in operation (Section 1.401-1(b) (3) of the Income Tax Regulations). We may review the status of the plan in operation periodically.
You can find more information on favorable determination letters in Publication 794, Favorable Determination Letter, including:
The significance and scope of reliance on this letter,
The effect of any elective determination request in your application materials,
The reporting requirements for qualified plans, and
Examples of the effect of a plan’s operation on its qualified status.
You can get a copy of Publication 794 by visiting our website at www.irs.gov/formspubs or by calling 1-800-TAX-FORM (1-800-829-3676) to request a copy.
This letter considered the 2014 Cumulative List of Changes in Plan Qualification Requirements.
This determination letter applies to the amendments dated on 01-26-16 & 08-31-15.
Letter 5274
THE LINCOLN ELECTRIC COMPANY
This determination letter also applies to the amendments dated on 08-27-15 & 03-12-15.
This determination letter also applies to the amendments dated on 02-26-15 & 09-25-14.
This plan satisfies the requirements of Section 4975(e) (7) of the Internal Revenue Code.
The information on the enclosed addendum is an integral part of this determination. Please be sure to read it and keep it with this letter.
If you submitted a Form 2848, Power of Attorney and Declaration of Representative, or Form 8821, Tax Information Authorization, with your application and asked us to send your authorized representative or appointee copies of written communications, we will send a copy of this letter to him or her.
If you have any questions, you can contact the person listed at the top of this letter.
| Sincerely, |
| /s/ Karen D. Truss |
| Karen D. Truss |
| Director, EP Rulings & Agreements |
Addendum
Letter 5274
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THE LINCOLN ELECTRIC COMPANY
This determination letter also applies to the amendments adopted on 12-28-11 and 12-30-10.
Letter 5274
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