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FORM 5500 DATA

Austin Telco Federal Credit Union 401k Plan

Overview

Plan Information

  • Plan Year01/01/2012 — 12/31/2012
  • Date of Plan08/01/1983
  • Net Assets as of 12/31/2012 $5,544,797
  • 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 12/31/2012

  • Active (Eligible) Participants161
  • Retired or separated participants receiving benefits0
  • Other retired or separated participants entitled to future benefits35
  • Subtotal196
  • Deceased participants whose beneficiaries are receiving or are entitled to receive benefits0
  • Total196
  • Total number of participants as of 01/01/2012186
  • Number of participants with account balances184
  • Number of participants that terminated employment during the plan year with accrued benefits that were less than 100% vested11

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 Blvd
  • CityAustin
  • StateTX
  • Zip78757
  • Telephone(512) 302-5555
  • EIN74-1110192
  • Industry Code522130
  • Named AdministratorKaren Robinson Smith

Audit Information

  • Audit StatusAudited
  • AuditorCliftonlarsonallen LLP
  • Auditor EIN41-0746749
  • 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? Yes
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? Yes

Financials

Income and Expense Statement

Income $882,475
Contributions $568,774
Cash Contributions $568,774
Cash from Employers $230,068
Cash from Participants $338,706
Others (including rollovers) $0
Noncash Contributions $0
Total Earnings on Investments $313,701
Total Interest $42,397
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 $42,397
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 $271,304
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 $0
Expenses $139,099
Total Benefit Payments $139,099
Directly to participants or beneficiaries, including direct rollovers $139,099
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 $743,376
Transfers of Assets to this Plan $0
Transfers of Assets from this Plan $0

Asset and Liability Statement

12/31/2012 12/31/2011 Change YOY
Total Assets $5,544,797 $4,801,421 15.48%
Total noninterest-bearing cash $0 $0 0.0%
Receivables $242,851 $211,255 14.96%
Employer Contributions $230,346 $211,255 9.04%
Participant Contributions $12,505 $0 0.0%
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 $1,976,860 $1,999,782 -1.15%
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 $3,325,086 $2,590,384 28.36%
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 $5,544,797 $4,801,421 15.48%

Service Providers

Persons Receiving Only Eligible Indirect Compensation

  • Stancorp Financial Group
  • Transamerica Life Insurance Company

Other Service Providers Receiving Direct or Indirect Compensation

There are no service providers listed for this plan.

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
Separate Account A Standard Insurance Company DFE: Pooled Separate Account $3,325,086
Dreyfus Structured Midcap Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2045 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2035 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2025 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2015 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Clearbridge Small Cap Growth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ssga Russell Small Cap Value Index Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Franklin Utilities Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Neuberger Berman Partners Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Century Small Cap Value In Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Century Vista Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ssga International Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Small Core Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners High Quality Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds New Perspective Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Wells Fargo Advantage Small Cap Val Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Advisor Stock Selector Mid Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Nuveen Real Estate Securities Ret O Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Mutual Financial Services Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ivy Science & Technology Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2055 Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Small-Cap Value Index Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Reit Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Small/Mid Cap Value Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Ssga S & P Mid Cap Index Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Jpmorgan Extended Duration Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Jpmorgan High Yield Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Wells Fargo Advantage Utility and T Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Oppenheimer International Growth Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2050 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2040 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2030 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2020 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Vanguard Target Retirement 2010 Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Prudential Jennison Natural Resourc Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Janus Overseas Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds Growth Fund of Ameri Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Oppenheimer Capital Appreciation In Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Funds Fundamental Investor Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Invesco Dynamics Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Invesco Small Cap Growth Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners International Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Oppenheimer Global Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Invesco International Growth Ret Op Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Advisor Equity Income Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Wmc Core Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Morgan Stanley Growth Opportunities Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Morgan Stanley Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Jpmorgan Government Securities Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Artisan Small-Cap Growth Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Loomis Sayles Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
American Century Global Growth Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Goldman Sachs Mid-Cap Opportunities Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Templeton Foreign Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Aegon Balanced Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Wmc Quality Growth Equity Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Columbia Mid Cap Value Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Columbia Intermediate Bond Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Stock Index R Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Amer Funds Washington Mutual Inv Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Invesco Van Kampen Value Opportunit Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Dreyfus International Value Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Fidelity Advisor Small Cap Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Invesco Leisure Inv Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Franklin Biotechnology Discovery In Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners High Yield Bo Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Diversified Investors Long Horizon Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Diversified Investors Intermediate/ Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Diversified Investors Intermediate Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Diversified Investors Short/Interme Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Diversified Investors Short Horizon Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Large Value R Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Mid Value Ret Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Large Core Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Transamerica Partners Mid Growth Re Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Aegon Bond Ret Opt Transamerica Life Insurance Company DFE: Pooled Separate Account $0
Total $3,325,086

Insurance Information

Insurance Information

Insurance Carrier Summary Persons Covered
Standard Insurance Company 196
EIN 93-0242990
Industry Code 69019
Contract Number 808400
Contract Year 11/01/2012 — 12/31/2012
Value in General Account at Year End $1,976,860
Value in Separate Accounts at Year End $3,325,086
Insurance Fees and Commissions $1,099
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Gallagher Benefit Services C/O Benefits Unlimited Sugar Land, TX 77478 Insurance Agent or Broker $1,099 $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 Deposit Administration
Balance at the end of the previous year $0
Additions $2,360,989
Contributions Deposited during the year $6,839
Dividends and credits $0
Interest credited during the year $2,043
Transferred from separate account $108,077
Other $2,244,030
Total of Balance and Additions $2,360,989
Deductions $384,128
Disbursed from fund to pay benefits or purchase annuities during the year $0
Administration charge made by carrier $0
Transferred to Separate Account $384,128
Other $0
Balance at the end of the current year $1,976,861
Transamerica Life Insurance Company 0
EIN 39-0989781
Industry Code 86231
Contract Number 995580-000
Contract Year 01/01/2012 — 12/31/2012
Value in General Account at Year End $0
Value in Separate Accounts at Year End $0
Insurance Fees and Commissions $15,168
Persons Receiving Commissions and Fees
Agent/Broker Organization Code Commissions Paid Fees Paid Purpose of Fees Paid
Benefits Unlimited, Inc. 2333 Town Center Dr Ste 200 Sugar Land, TX 77478 -4384 Insurance Agent or Broker $15,168 $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 $2,590,384
Additions $1,361,312
Contributions Deposited during the year $176,285
Dividends and credits $0
Interest credited during the year $40,354
Transferred from separate account $1,144,484
Other $189
Total of Balance and Additions $3,951,696
Deductions $3,951,696
Disbursed from fund to pay benefits or purchase annuities during the year $35,045
Administration charge made by carrier $0
Transferred to Separate Account $818,274
Other $3,098,377
Balance at the end of the current year $0