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FORM 5500 DATA

Austin Telco Federal Credit Union 401k Plan

Overview

Plan Information

  • Plan Year01/01/2008 — 12/31/2008
  • Date of Plan08/01/1983
  • Net Assets as of 12/31/2008 $3,263,983
  • Plan Number1
  • Plan Type Single Employer
  • Is the plan collectively bargained? No
  • Did the plan file for an extension of time or the DFVC Program? No
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2008

  • Active (Eligible) Participants90
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits90
  • Subtotal180
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total180
  • Total number of participants as of 01/01/2008259
  • Number of participants with account balances176
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested9
  • Number of participants required to be reported on Schedule SSA4

Expenses

  • Total Benefit Payments$0
  • Corrective Distributions$0
  • Administrative Service Providers$0
  • Other Expenses$0
  • Total Expenses$0
  • Total Transfers$0

Sponsor Information

  • Address8929 Shoal Creek
  • CityAustin
  • StateTX
  • Zip78757-6819
  • Telephone(512) 302-5555
  • EIN74-1110192
  • Industry Code522130
  • Named Administrator'Oxc'N 0 Irv Son
  • Named Plan Sponsor-^ O_A^ Q:^E I^-)

Plan Administrator Information

  • Administrator NameSAME
  • Administrator EIN

Audit Information

  • Audit StatusAudited
  • AuditorClifton Gunderson LLP
  • Auditor EIN37-0802863
  • Audit Opinion Disclaimer
  • Audit TypeLimited Scope Audit

Benefits Provided Under the Plan

Code Benefit Description
2A Age/Service Weighted or New Comparability or Similar Plan Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New Comparability or Similar Plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the threshold or additional rate allowed under the permitted disparity rules of section 401(l)
2E Profit-sharing A defined contribution plan that allows employer discretionary contributions. These plans often contain a 401(k) feature.
2F ERISA section 404(c) Plan This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
2G Total participant-directed account plan Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J Code section 401(k) feature A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
3E Prototype plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion or notification letter; and under which a separate funding medium (for example, a separate trust or custodial account) is established for the use of each adopting employer.

Questions and Answers

Question Answer Amount
During the plan year did the employer fail to transmit to the plan any participant contributions within the time period described in 29 CFT 2510.3-102? No
Were any loans by the plan or fixed income obligations due the plan in default as of the close of plan year or classified during the year as uncollectible? Disregard participant loans secured by participant's account balance. No
Were any leases to which the plan was a party in default or classified during the year as uncollectible? No
Were there any nonexempt transactions with any party-in-interest? No
Was this plan covered by a fidelity bond? Yes $2,000,000
Did the plan have a loss, whether or not reimbursed by the plan's fidelity bond, that was caused by fraud or dishonesty? No
Did the plan hold any assets whose current value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan receive any noncash contributions whose value was neither readily determinable on an established market nor set by an independent third party appraiser? No
Did the plan have assets held for investment? Yes
Were any plan transactions or series of transactions in excess of 5% of the current value of plan assets? No
Were all the plan assets either distributed to participants or beneficiaries, transferred to another plan, or brought under the control of the PBGC? No

Financials

Income and Expense Statement

Income $-639,547
Contributions $438,696
Cash Contributions $438,696
Cash from Employers $150,129
Cash from Participants $288,567
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $-1,121,796
Total Interest $0
Interest-Bearing Cash $0
U.S. Government Securities $0
Corporate Debt Instruments $0
Loans (other than to participants) $0
Participant Loans $0
Interest from Other Investments $0
Total Dividends $0
Preferred Stock $0
Common Stock $0
Rents $0
Net gain (loss) on sale of assets $0
Aggregate Proceeds $0
Aggregate Carrying Amount $0
Total Unrealized Appreciation (depreciation) of assets $0
Real Estate $0
Other $0
Net investment gain (loss) from common/collective trusts $0
Net investment gain (loss) from pooled separate accounts $-1,121,796
Net investment gain (loss) from master trust investment accounts $0
Net investment gain (loss) from 103-12 investment entities $0
Net investment gain (loss) from registered investment companies $0
Other Income $43,553
Expenses $316,881
Total Benefit Payments $316,881
Directly to participants or beneficiaries, including direct rollovers $316,881
To insurance carriers for the provision of benefits $0
Other Benefit Payment Fees $0
Corrective Distributions $0
Certain deemed distributions of participant loans $0
Interest expense $0
Total Administrative Expenses $0
Professional Fees $0
Contract Administrator Fees $0
Investment Advisory and management fees $0
Other Administrative Fees $0
Net Income $-956,428
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2008 12/31/2007 Change YOY
Total Assets $3,263,983 $4,220,411 -22.66%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $157,124 $138,901 13.12%
Employer Contributions $150,129 $131,221 14.41%
Participant Contributions $6,995 $7,680 -8.92%
Other Contributions $0 $0 0.0%
General Investments $0 $0 0.0%
Interest-bearing cash $0 $0 0.0%
U.S. Government Securities $0 $0 0.0%
Corporate Debt Instruments $0 $0 0.0%
Preferred $0 $0 0.0%
All Other $0 $0 0.0%
Corporate Stocks $0 $0 0.0%
Preferred $0 $0 0.0%
Common $0 $0 0.0%
Partnership/joint venture interests $0 $0 0.0%
Real estate (other than employer real property) $0 $0 0.0%
Loans (other than to participants) $0 $0 0.0%
Participants Loans $0 $0 0.0%
Value of interest in common/collective trusts $0 $0 0.0%
Value of interest in pooled separate accounts $922,746 $3,400,207 -72.86%
Value of interest in master trust investment accounts $0 $0 0.0%
Value of interest in 103-12 investment entities $0 $0 0.0%
Value of interest in registered investment companies $0 $0 0.0%
Value of funds held in insurance co. general account $2,184,113 $681,303 220.58%
Other Investments $0 $0 0.0%
Employer-related Investments $0 $0 0.0%
Employer Securities $0 $0 0.0%
Employer Real Property $0 $0 0.0%
Buildings and other property used in plan operation $0 $0 0.0%
Total Liabilities $0 $0 0.0%
Benefit Claims Payable (1) $0 $0 0.0%
Operating Payables (1) $0 $0 0.0%
Acquisition Indebtedness (1) $0 $0 0.0%
Other liabilities (1) $0 $0 0.0%
Net Assets $3,263,983 $4,220,411 -22.66%

Service Providers

Service Providers

There are no service providers listed for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Equity Fund Transamerica Life Insurance Company DFE: Pooled Separate Account $265,153
Aim Int Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $64,131
Franklin Utilities Transamerica Life Insurance Company DFE: Pooled Separate Account $47,989
Janus Adviser Intl Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $46,281
Evergreen Utility and Telecom Transamerica Life Insurance Company DFE: Pooled Separate Account $45,087
Jennison Natural Resources Transamerica Life Insurance Company DFE: Pooled Separate Account $44,154
Aggressive Growth Fund Transamerica Life Insurance Company DFE: Pooled Separate Account $41,524
Loomis Sayles Bond Fund Transamerica Life Insurance Company DFE: Pooled Separate Account $36,464
Transamerica Partners Stk Idx Transamerica Life Insurance Company DFE: Pooled Separate Account $22,547
Transamerica Growth Oppor. Transamerica Life Insurance Company DFE: Pooled Separate Account $19,579
Transamerica Partners Mid Val Transamerica Life Insurance Company DFE: Pooled Separate Account $17,721
Oppenheimer Cap Appr Transamerica Life Insurance Company DFE: Pooled Separate Account $16,603
Wells Fargo Adv Sml Cp Val Transamerica Life Insurance Company DFE: Pooled Separate Account $14,746
Gs Mid Cap Opp Transamerica Life Insurance Company DFE: Pooled Separate Account $14,229
Fidelity Advisor Equity Transamerica Life Insurance Company DFE: Pooled Separate Account $13,331
Fidelity Advisor Sm Cap Transamerica Life Insurance Company DFE: Pooled Separate Account $13,024
Jp Morgan Gov Securities Transamerica Life Insurance Company DFE: Pooled Separate Account $12,823
Vanguard Target Ret 2025 Transamerica Life Insurance Company DFE: Pooled Separate Account $12,736
Fidelity Advisor Mid Cap Transamerica Life Insurance Company DFE: Pooled Separate Account $11,106
Transamerica Partners Lg Val Transamerica Life Insurance Company DFE: Pooled Separate Account $10,565
Templeton Foreign Transamerica Life Insurance Company DFE: Pooled Separate Account $10,524
Ta Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $9,680
American Funds New Pers Transamerica Life Insurance Company DFE: Pooled Separate Account $8,859
Vanguard Target Ret 2050 Transamerica Life Insurance Company DFE: Pooled Separate Account $8,328
American Funds Grth Fund of Am Transamerica Life Insurance Company DFE: Pooled Separate Account $7,672
Frankin Real Estate Sec Transamerica Life Insurance Company DFE: Pooled Separate Account $7,224
Aim Basic Value Transamerica Life Insurance Company DFE: Pooled Separate Account $7,142
Franklin Biotech Discovery Transamerica Life Insurance Company DFE: Pooled Separate Account $6,681
Diversified Inv Intermediate Transamerica Life Insurance Company DFE: Pooled Separate Account $5,813
Dreyfus Int Value Transamerica Life Insurance Company DFE: Pooled Separate Account $5,709
Ivy Science & Technology Transamerica Life Insurance Company DFE: Pooled Separate Account $5,205
Opeenheimer Global Transamerica Life Insurance Company DFE: Pooled Separate Account $4,954
American Century Global Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $4,797
Balanced Transamerica Life Insurance Company DFE: Pooled Separate Account $4,678
American Funds Fundamental Transamerica Life Insurance Company DFE: Pooled Separate Account $4,613
Diversified Inv Short/Int Transamerica Life Insurance Company DFE: Pooled Separate Account $4,438
Janus Small Cap Value Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $4,075
Columbia Mid Cap Value Transamerica Life Insurance Company DFE: Pooled Separate Account $3,513
Vanguard Target Ret 2040 Transamerica Life Insurance Company DFE: Pooled Separate Account $2,872
Transamerica Partners Lg Core Transamerica Life Insurance Company DFE: Pooled Separate Account $2,718
Oppenheimer Champion Income Transamerica Life Insurance Company DFE: Pooled Separate Account $2,677
Mutual Financial Service Transamerica Life Insurance Company DFE: Pooled Separate Account $2,616
Aim Sm Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $2,551
Ssga Int St Ind Transamerica Life Insurance Company DFE: Pooled Separate Account $2,505
Transamerica Partners Int Eq Transamerica Life Insurance Company DFE: Pooled Separate Account $2,203
Aim Leisure Fund Transamerica Life Insurance Company DFE: Pooled Separate Account $2,135
Transamerica Partners Hg Yd Bd Transamerica Life Insurance Company DFE: Pooled Separate Account $2,121
Columbia Intermediate Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $2,118
Vanguard Target Ret 2030 Transamerica Life Insurance Company DFE: Pooled Separate Account $1,723
Oppenheimer Intl Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $1,660
Dreyfus Premier Struct Mid Transamerica Life Insurance Company DFE: Pooled Separate Account $1,365
Transamerica Partners Hh Qt Bd Transamerica Life Insurance Company DFE: Pooled Separate Account $1,278
Aim Dynamics Fund Transamerica Life Insurance Company DFE: Pooled Separate Account $1,213
Transamerica Core Equity Transamerica Life Insurance Company DFE: Pooled Separate Account $1,098
Dreyfus Premier Healthcare Transamerica Life Insurance Company DFE: Pooled Separate Account $1,043
Ssga Dj Sm Cp Val Index Transamerica Life Insurance Company DFE: Pooled Separate Account $1,004
Vanguard Target Ret 2035 Transamerica Life Insurance Company DFE: Pooled Separate Account $968
Neuberger Berman Partners Transamerica Life Insurance Company DFE: Pooled Separate Account $872
Transamerica Partners Mid Grw Transamerica Life Insurance Company DFE: Pooled Separate Account $662
American Century Vista Transamerica Life Insurance Company DFE: Pooled Separate Account $632
Vanguard Target Ret 2045 Transamerica Life Insurance Company DFE: Pooled Separate Account $564
American Century Sml Cp Val Transamerica Life Insurance Company DFE: Pooled Separate Account $186
Artisan Small-Cap Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $176
Diversified Inv Short Transamerica Life Insurance Company DFE: Pooled Separate Account $72
Transamerica Partners Sml Core Transamerica Life Insurance Company DFE: Pooled Separate Account $15
Diversified Inv Long Horizon Transamerica Life Insurance Company DFE: Pooled Separate Account $1
Aim Technology Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $922,746

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 180
EIN 39-0989781
Industry Code 86231
Contract Number 995580
Contract Year 01/01/2008 — 12/31/2008
Value in General Account at Year End $0
Value in Separate Accounts at Year End $922,746
Insurance Fees and Commissions $11,146
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Patty Tuma 14019 SW Freeway Ste 340 Sugar Land, TX 77478 -3003 Insurance Agent or Broker $11,146 $0
Allocated Funds
Type of Contract Unspecified
Basis of premium rates N/A
Premiums paid to carrier $0
Premiums due but unpaid at the end of the year $0
If the carrier, service, or other organization incurred any specific costs in connection with the acquisition or retention of the contract or policy, enter amount $0
Specify the nature of the costs
Unallocated Funds
Type of Contract
Balance at the end of the previous year $681,303
Additions $3,040,740
Contributions Deposited during the year $150,302
Dividends and credits $0
Interest credited during the year $43,558
Transferred from separate account $2,838,509
Other $8,371
Total of Balance and Additions $3,722,043
Deductions $1,537,930
Disbursed from fund to pay benefits or purchase annuities during the year $191,805
Administration charge made by carrier $0
Transferred to Separate Account $1,346,125
Other $0
Balance at the end of the current year $2,184,113