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FORM 5500 DATA

Austin Telco Federal Credit Union 401k Plan

Overview

Plan Information

  • Plan Year01/01/2010 — 12/31/2010
  • Date of Plan08/01/1983
  • Net Assets as of 12/31/2010 $4,847,983
  • 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?Yes
  • Plan Funding ArrangementInsurance Trust
  • Plan Benefit ArrangementInsurance Trust

Participant Information as of 12/31/2010

  • Active (Eligible) Participants122
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits36
  • Subtotal158
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total158
  • Total number of participants as of 01/01/2010180
  • Number of participants with account balances158
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested6

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
  • Telephone(512) 302-5555
  • EIN74-1110192
  • Industry Code522130
  • Named AdministratorKaren Robinson

Plan Administrator Information

  • Administrator NameAustin Telco Federal Credit Union
  • Address8929 Shoal Creek
  • CityAustin
  • StateTX
  • Zip78757
  • Telephone(512) 302-5555
  • Administrator EIN74-1110192

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.
3D Master plan A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.

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
Has the plan failed to provide any benefit when due under the plan? No
If this is an individual account plan, was there a blackout period? No
If there was a blackout period, have you either provided the required notice or one of the exceptions to providing the notice applied under 29 CFR 2520.101-3? No

Financials

Income and Expense Statement

Income $764,894
Contributions $495,628
Cash Contributions $495,628
Cash from Employers $189,301
Cash from Participants $306,327
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $200,932
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 $200,932
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 $68,334
Expenses $50,618
Total Benefit Payments $50,618
Directly to participants or beneficiaries, including direct rollovers $50,618
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 $714,276
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2010 12/31/2009 Change YOY
Total Assets $4,847,983 $4,133,707 17.28%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $198,723 $183,903 8.06%
Employer Contributions $189,301 $175,503 7.86%
Participant Contributions $9,422 $8,400 12.17%
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 $1,678,249 $1,800,797 -6.81%
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 $2,971,011 $2,149,007 38.25%
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 $4,847,983 $4,133,707 17.28%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Transamerica Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

Name Nature of Service Relationship to Plan Sponsor Direct Compensation Paid by Plan Indirect Compensation Paid by Plan Total Compensation
Transamerica Life Insurance Company Recordkeeping and information management (computing, tabulating, data processing, etc.), Participant loan processing, Investment management fees paid indirectly by plan, Float revenue, Recordkeeping fees, Other insurance wrap fees Recordkeeper $1,875 $0 $1,875
Total $1,875 $0 $1,875

Indirect Compensation

There are no service providers with indirect compensation listed for this plan.

Service Providers Who Fail or Refuse to Provide Information

There are no service providers who failed or refused to provide information.

Termination Information on Accountants and Enrolled Actuaries

There is no termination information for this plan.

Investments

Investments

Name of Investment Investment Manager Type of Investment Dollar Value
Transamerica Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $429,214
Janus Overseas Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $118,450
Loomis Sayles Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $77,548
Prudential Jennison Natural Res Transamerica Life Insurance Company DFE: Pooled Separate Account $75,849
Transamerica Partners Mid Value Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $58,218
Transamerica Aggressive Growth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $54,919
First American Real Estate Sec Transamerica Life Insurance Company DFE: Pooled Separate Account $36,790
Transamerica Partners Stock Index Transamerica Life Insurance Company DFE: Pooled Separate Account $35,700
Fidelity Advisor Mid Cap Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $34,741
Oppenheimer Capital Appreciation In Transamerica Life Insurance Company DFE: Pooled Separate Account $33,165
Goldman Sachs Mid-Cap Opportunities Transamerica Life Insurance Company DFE: Pooled Separate Account $31,531
Wells Fargo Advantage Small Cap Val Transamerica Life Insurance Company DFE: Pooled Separate Account $30,878
Fidelity Advisor Small Cap Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $30,060
Vanguard Target Retirement 2040 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $28,649
Vanguard Target Retirement 2050 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $26,988
Diversified Investors Short/Inter Transamerica Life Insurance Company DFE: Pooled Separate Account $26,606
Vanguard Target Retirement 2045 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $25,545
Transamerica Growth Opportunities Transamerica Life Insurance Company DFE: Pooled Separate Account $24,110
American Century Vista Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $23,748
American Funds Growth Fund of Am Transamerica Life Insurance Company DFE: Pooled Separate Account $22,923
Columbia Intermediate Bond Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $22,199
Invesco Basic Value Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $20,246
Fidelity Advisor Equity Income Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $20,028
Invesco International Growth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $19,536
Vanguard Target Retirement 2030 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $18,822
Jpmorgan Government Securities Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $18,175
Jpmorgan High Yield Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $17,269
Templeton Foreign Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $15,854
American Funds Fundamental Investor Transamerica Life Insurance Company DFE: Pooled Separate Account $15,545
Vanguard Target Retirement 2035 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $15,097
Janus Small Cap Value Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $14,423
Transamerica Partners Large Value Transamerica Life Insurance Company DFE: Pooled Separate Account $14,117
Columbia Mid Cap Value Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $13,489
Oppenheimer Global Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $12,806
American Century Global Growth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $12,705
Transamerica Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $12,533
Diversified Investors Intermediate Transamerica Life Insurance Company DFE: Pooled Separate Account $12,386
Ssga Russell 2000 Value Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $11,493
Invesco Small Cap Growth Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $10,863
Ivy Science & Technology Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $10,293
Transamerica Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $9,872
Franklin Utilities Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $9,743
Vanguard Target Retirement 2015 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $9,530
Invesco Dynamics Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $8,785
Invesco Leisure Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $8,400
Transamerica Partners High Yld Bond Transamerica Life Insurance Company DFE: Pooled Separate Account $8,189
Transamerica Core Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $8,035
Transamerica Partners High Quality Transamerica Life Insurance Company DFE: Pooled Separate Account $7,936
American Funds New Perspective Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $7,721
American Century Small Cap Value Transamerica Life Insurance Company DFE: Pooled Separate Account $6,843
Vanguard Target Retirement 2020 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $6,412
Oppenheimer International Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $6,203
Wells Fargo Adv Utility and Tech Transamerica Life Insurance Company DFE: Pooled Separate Account $5,891
Vanguard Target Retirement 2025 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $4,780
Dreyfus International Value Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $4,669
Mutual Financial Services Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $4,290
Dreyfus Structured Midcap Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $4,141
Transamerica Partners Large Core Transamerica Life Insurance Company DFE: Pooled Separate Account $3,964
Transamerica Partners Mid Growth Transamerica Life Insurance Company DFE: Pooled Separate Account $3,960
Neuberger Berman Partners Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $3,921
Franklin Biotechnology Discovery Transamerica Life Insurance Company DFE: Pooled Separate Account $3,308
Transamerica Partners International Transamerica Life Insurance Company DFE: Pooled Separate Account $2,892
Ssga International Stock Index Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $2,487
Diversified Investors Short Horizon Transamerica Life Insurance Company DFE: Pooled Separate Account $1,517
Transamerica Partners Small Core Transamerica Life Insurance Company DFE: Pooled Separate Account $923
Vanguard Target Retirement 2010 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $152
Vanguard Target Retirement 2005 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $150
Artisan Small-Cap Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $17
Diversified Investors Inter/Long Transamerica Life Insurance Company DFE: Pooled Separate Account $5
Diversified Investors Long Horizon Transamerica Life Insurance Company DFE: Pooled Separate Account $2
Dreyfus Health Care Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $1,678,249

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Transamerica Life Insurance Company 158
EIN 39-0989781
Industry Code 86231
Contract Number 995580
Contract Year 01/01/2010 — 12/31/2010
Value in General Account at Year End $0
Value in Separate Accounts at Year End $1,678,249
Insurance Fees and Commissions $12,779
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Benefits Unlimited Inc Patti Tuma Sugar Land, TX 77478 Insurance Agent or Broker $12,779 $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 STABLE VALUE FUND
Balance at the end of the previous year $2,149,007
Additions $1,310,261
Contributions Deposited during the year $163,585
Dividends and credits $0
Interest credited during the year $68,334
Transferred from separate account $1,077,637
Other $705
Total of Balance and Additions $3,459,268
Deductions $488,257
Disbursed from fund to pay benefits or purchase annuities during the year $12,847
Administration charge made by carrier $0
Transferred to Separate Account $475,410
Other $0
Balance at the end of the current year $2,971,011