401k Plan data: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN plan

FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 401k Plan overview

Plan Name	FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN
Plan identification number	003

FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
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.
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.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
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.

401k Sponsoring company profile

FIRST TECH CREDIT UNION has sponsored the creation of one or more 401k plans.

Company Name: FIRST TECH CREDIT UNION

Employer identification number (EIN): 930412056

NAIC Classification: 522130
NAIC Description: Credit Unions

Additional information about FIRST TECH CREDIT UNION

Jurisdiction of Incorporation: Washington Secretary of State Corporations Division

Incorporation Date: 2005-12-02

Company Identification Number: 602562120

Legal Registered Office Address: 2105 156TH AVE NE

BELLEVUE
United States of America (USA)
98007

More information about FIRST TECH CREDIT UNION

Form 5500 Filing Information

Submission information for form 5500 for 401k plan FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2011-01-01 JEROLD OLSON
003 2009-01-01 SHARON POWELL

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
003	2011-01-01	JEROLD OLSON
003	2009-01-01	SHARON POWELL

Plan Statistics for FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN

401k plan membership statisitcs for FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN

Measure Date Value
2011: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year 2011-01-01 966
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 754
Number of retired or separated participants receiving benefits 2011-01-01 13
Number of other retired or separated participants entitled to future benefits 2011-01-01 201
Total of all active and inactive participants 2011-01-01 968
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 1
Total participants 2011-01-01 969
Number of participants with account balances 2011-01-01 932
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 66
2009: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year 2009-01-01 519
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 390
Number of retired or separated participants receiving benefits 2009-01-01 0
Number of other retired or separated participants entitled to future benefits 2009-01-01 104
Total of all active and inactive participants 2009-01-01 494
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 494
Number of participants with account balances 2009-01-01 464
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 67

Measure	Date	Value
2011: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2011 401k membership
Total participants, beginning-of-year	2011-01-01	966
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	754
Number of retired or separated participants receiving benefits	2011-01-01	13
Number of other retired or separated participants entitled to future benefits	2011-01-01	201
Total of all active and inactive participants	2011-01-01	968
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	1
Total participants	2011-01-01	969
Number of participants with account balances	2011-01-01	932
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	66
2009: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2009 401k membership
Total participants, beginning-of-year	2009-01-01	519
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	390
Number of retired or separated participants receiving benefits	2009-01-01	0
Number of other retired or separated participants entitled to future benefits	2009-01-01	104
Total of all active and inactive participants	2009-01-01	494
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	494
Number of participants with account balances	2009-01-01	464
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	67

Financial Data on FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN

Measure	Date	Value
2011 : FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets	2011-12-31	$0
Total transfer of assets to this plan	2011-12-31	$22,823,553
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$3,937,207
Total loss/gain on sale of assets	2011-12-31	$0
Total of all expenses incurred	2011-12-31	$4,763,907
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$4,712,621
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$4,874,817
Value of total assets at end of year	2011-12-31	$39,891,709
Value of total assets at beginning of year	2011-12-31	$17,894,856
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$51,286
Total interest from all sources	2011-12-31	$257,699
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$12,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$2,928,526
Participant contributions at end of year	2011-12-31	$1,002,728
Participant contributions at beginning of year	2011-12-31	$230,453
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$583,274
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$-826,700
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$39,891,709
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$17,894,856
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Value of interest in pooled separate accounts at end of year	2011-12-31	$30,634,695
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$12,785,915
Interest on participant loans	2011-12-31	$31,978
Interest earned on other investments	2011-12-31	$225,721
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2011-12-31	$8,254,286
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$4,878,488
Net investment gain/loss from pooled separate accounts	2011-12-31	$-1,195,309
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$1,363,017
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$4,712,621
Contract administrator fees	2011-12-31	$51,286
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	ORTH, CHAKLER, MURNANE & COMPANY
Accountancy firm EIN	2011-12-31	650662923
2010 : FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$3,426,001
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$600,723
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$589,752
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$1,442,141
Value of total assets at end of year	2010-12-31	$17,894,856
Value of total assets at beginning of year	2010-12-31	$15,069,578
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$10,971
Total interest from all sources	2010-12-31	$159,770
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Administrative expenses professional fees incurred	2010-12-31	$10,971
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$10,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$1,043,359
Participant contributions at end of year	2010-12-31	$230,453
Participant contributions at beginning of year	2010-12-31	$180,684
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$53,858
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$2,825,278
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$17,894,856
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$15,069,578
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Value of interest in pooled separate accounts at end of year	2010-12-31	$12,785,915
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$10,293,018
Interest on participant loans	2010-12-31	$6,419
Interest earned on other investments	2010-12-31	$153,351
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$4,878,488
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2010-12-31	$4,595,876
Net investment gain/loss from pooled separate accounts	2010-12-31	$1,824,090
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$344,924
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$589,752
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	ORTH, CHAKLER, MURNANE & COMPANY
Accountancy firm EIN	2010-12-31	650662923
2009 : FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN

2011: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2011 form 5500 responses
2011-01-01	Type of plan entity	Single employer plan
2011-01-01	Submission has been amended	No
2011-01-01	This submission is the final filing	No
2011-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2011-01-01	Plan is a collectively bargained plan	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: FIRST TECH FEDERAL CREDIT UNION EMPLOYEES QUALIFIED SAVINGS PLAN 2009 form 5500 responses
2009-01-01	Type of plan entity	Single employer plan
2009-01-01	Submission has been amended	No
2009-01-01	This submission is the final filing	No
2009-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2009-01-01	Plan is a collectively bargained plan	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	FIRST TECH CREDIT UNION
Employer identification number (EIN):	930412056
NAIC Classification:	522130
NAIC Description:	Credit Unions

Jurisdiction of Incorporation:	Washington Secretary of State Corporations Division
Incorporation Date:	2005-12-02
Company Identification Number:	602562120
Legal Registered Office Address:	2105 156TH AVE NE BELLEVUE United States of America (USA) 98007