SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT
PURSUANT TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 [NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996].
For the fiscal year ended December 31, 2008
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OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934 [NO FEE REQUIRED].
For the transition period from _______________ to ______________________
Commission File Number 000-52111
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A. Full title of the plan and the address of the plan, if different
from that of the issuer named below:
Seneca Falls Savings Bank 401(k) Plan
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
Seneca-Cayuga Bancorp, Inc.
19 Cayuga Street
Seneca Falls, New York 13148
SUMMARY ANNUAL REPORT
FOR SENECA FALLS SAVINGS BANK 401(K) PLAN
This is a summary of the annual report for the Seneca Falls Savings Bank 401(k)
Plan, EIN 15-0443420, Plan No. 004, for period January 1, 2008 through December
31, 2008. The annual report has been filed with the Employee Benefits Security
Administration, U.S. Department of Labor, as required under the Employee
Retirement Income Security Act of 1974 (ERISA).
Basic Financial Statement
Benefits under the plan are provided through a trust fund. Plan expenses were
$28,797. These expenses included $27,459 in benefits paid to participants and
beneficiaries and $1,338 in other expenses. A total of 50 persons were
participants in or beneficiaries of the plan at the end of the plan year,
although not all of these persons had yet earned the right to receive benefits.
The value of plan assets, after subtracting liabilities of the plan, was
$898,016 as of December 31, 2008, compared to $981,111 as of January 1, 2008.
During the plan year the plan experienced a decrease in its net assets of
$83,095. This decrease includes unrealized appreciation and depreciation in the
value of plan assets; that is, the difference between the value of the plan's
assets at the end of the year and the value of the assets at the beginning of
the year or the cost of assets acquired during the year. The plan had total
income of $(54,298) including employer contributions of $33,366, employee
contributions of $166,560, and earnings from investments of $(254,224).
Your Rights to Additional Information
You have the right to receive a copy of the full annual report, or any part
thereof, on request. The items listed below are included in that report:
1. Financial Information; and
2. Information regarding any common or collective trusts, pooled
separate accounts, master trusts or 103-12 investment entities
in which the plan participates.
To obtain a copy of the full annual report, or any part thereof, write or call
Seneca Falls Savings Bank, 19 Cayuga Street, Seneca Falls, NY 13148, (315)
568-5855.
You also have the right to receive from the plan administrator, on request at no
charge, a statement of the assets and liabilities of the plan and accompanying
notes, or a statement of income and expenses of the plan and accompanying notes,
or both. If you request a copy of the full annual report from the plan
administrator, these two statements and accompanying notes will be included as
part of the report.
You also have the legally protected right to examine the annual report at the
main office of the plan (Seneca Falls Savings Bank, 19 Cayuga Street, Seneca
Falls, NY 13148) and at the U.S. Department of Labor in Washington, D.C., or to
obtain a copy from the U.S. Department of Labor upon payment of copying costs.
Requests to the Department should be addressed to: Public Disclosure Room, Room
N1513, Employee Benefits Security Administration, U.S. Department of Labor, 200
Constitution Avenue, N.W., Washington, D.C. 20210.
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of
1934, the trustees (or other persons who administer the employee benefit plan)
have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.
SENECA FALLS SAVINGS BANK
401(k) PLAN
Date: June 16, 2009 By: /s/ Manzo D. Case
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Name: Menzo D. Case
Title: President and Chief Executive Officer,
Seneca Falls Savings Bank