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 000-49711
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
Enfield Federal Savings and Loan Association
Employees' Savings & Profit Sharing Plan and Trust
B: Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
New England Bancshares, Inc.
855 Enfield Street
Enfield, Connecticut 06082
SUMMARY ANNUAL REPORT
FOR ENFIELD FEDERAL SAVINGS AND LOAN ASSOCIATION
EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
This is a summary of the annual report for the ENFIELD FEDERAL SAVINGS AND LOAN
ASSOCIATION EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST, EIN 06-0562205,
Plan No. 002, for the 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
$97,157. These expenses included $87,623 in benefits paid to participants and
beneficiaries and $9,534 in other expenses. A total of 86 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
$1,506,526 as of December 31, 2008, compared to $1,594,426 as of January 1,
2008. During the plan year the plan experienced a decrease in its net assets of
$87,900. This increase 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 $9,257 including employer contributions of $66,145, employee
contributions of $188,055, and earnings from investments of $(369,821).
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
ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION, 855 ENFIELD STREET PO BOX 1279,
ENFIELD, CT 06083, (860) 253-5200.
The plan has met the requirements to waive the annual examination and report of
an independent qualified public accountant. As of the end of the plan year, the
following regulated financial institution(s) held or issued plan assets that
qualified under the waiver: The Bank of New York Mellon $1,463,500. You have the
right, upon request of the Plan Administrator and without charge, to examine or
receive copies of statements from the regulated financial institutions
describing the qualifying plan assets. If you are unable to examine or obtain
these documents, contact a EBSA Regional Office for assistance. Information
about contacting EBSA regional offices can be found on the Internet at
http://www.dol.gov/ebsa.
You also have the legally protected right to examine the annual report at the
main office of the plan (ENFIELD FEDERAL SAVINGS & LOAN ASSOCIATION, 855 ENFIELD
STREET PO BOX 1279, ENFIELD, CT 06083) 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.
ENFIELD FEDERAL SAVINGS AND LOAN
ASSOCIATION EMPLOYEES' SAVINGS &
PROFIT SHARING PLAN AND TRUST
Date June 18, 2009 By: /s/ Cynthia G. Gray
Name: Cynthia G. Gray
Title: Plan Administrator
Enfield Federal Savings and Loan
Association