401k Plan data: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST plan

NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 401k Plan overview

Plan Name	NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST
Plan identification number	002

NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
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.
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.
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

NEW ENGLAND BANK has sponsored the creation of one or more 401k plans.

Company Name: NEW ENGLAND BANK

Employer identification number (EIN): 061522403

NAIC Classification: 522120
NAIC Description: Savings Institutions

Form 5500 Filing Information

Submission information for form 5500 for 401k plan NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 CYNTHIA G. GRAY
002 2009-01-01 CYNTHIA G. GRAY CYNTHIA G. GRAY 2010-07-29

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	CYNTHIA G. GRAY
002	2009-01-01	CYNTHIA G. GRAY		CYNTHIA G. GRAY	2010-07-29

Plan Statistics for NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

401k plan membership statisitcs for NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure Date Value
2011: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year 2011-01-01 135
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 130
Number of retired or separated participants receiving benefits 2011-01-01 0
Number of other retired or separated participants entitled to future benefits 2011-01-01 27
Total of all active and inactive participants 2011-01-01 157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 0
Total participants 2011-01-01 157
Number of participants with account balances 2011-01-01 143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 0
2009: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year 2009-01-01 89
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 114
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 30
Total of all active and inactive participants 2009-01-01 144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 0
Total participants 2009-01-01 144
Number of participants with account balances 2009-01-01 127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 0

Measure	Date	Value
2011: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k membership
Total participants, beginning-of-year	2011-01-01	135
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	130
Number of retired or separated participants receiving benefits	2011-01-01	0
Number of other retired or separated participants entitled to future benefits	2011-01-01	27
Total of all active and inactive participants	2011-01-01	157
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	0
Total participants	2011-01-01	157
Number of participants with account balances	2011-01-01	143
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	0
2009: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2009 401k membership
Total participants, beginning-of-year	2009-01-01	89
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	114
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	30
Total of all active and inactive participants	2009-01-01	144
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	0
Total participants	2009-01-01	144
Number of participants with account balances	2009-01-01	127
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	0

Financial Data on NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

Measure	Date	Value
2011 : NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$221,850
Total unrealized appreciation/depreciation of assets	2011-12-31	$221,850
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	$828,651
Total loss/gain on sale of assets	2011-12-31	$2,527
Total of all expenses incurred	2011-12-31	$132,718
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$106,766
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$547,651
Value of total assets at end of year	2011-12-31	$4,090,376
Value of total assets at beginning of year	2011-12-31	$3,394,443
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$25,952
Total interest from all sources	2011-12-31	$4,014
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$11,141
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$5,000,000
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	$391,948
Participant contributions at end of year	2011-12-31	$72,503
Participant contributions at beginning of year	2011-12-31	$61,328
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$19,212
Administrative expenses (other) incurred	2011-12-31	$1,870
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	$695,933
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$4,090,376
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$3,394,443
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
Interest on participant loans	2011-12-31	$3,495
Income. Interest from corporate debt instruments	2011-12-31	$5
Value of interest in common/collective trusts at end of year	2011-12-31	$2,710,500
Value of interest in common/collective trusts at beginning of year	2011-12-31	$2,362,939
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$226,533
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$212,753
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$212,753
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$514
Net investment gain or loss from common/collective trusts	2011-12-31	$41,468
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
Assets. Invements in employer securities at end of year	2011-12-31	$1,080,840
Assets. Invements in employer securities at beginning of year	2011-12-31	$757,423
Contributions received in cash from employer	2011-12-31	$136,491
Income. Dividends from common stock	2011-12-31	$11,141
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$106,766
Contract administrator fees	2011-12-31	$24,082
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
Aggregate proceeds on sale of assets	2011-12-31	$18,520
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$15,993
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	No
Opinion of an independent qualified public accountant for this plan	2011-12-31	Unqualified
Accountancy firm name	2011-12-31	SHATSWELL MCLEOD & COMPANY, P.C.
Accountancy firm EIN	2011-12-31	043238170
2010 : NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$275,258
Total unrealized appreciation/depreciation of assets	2010-12-31	$275,258
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	$346
Total income from all sources (including contributions)	2010-12-31	$1,076,764
Total loss/gain on sale of assets	2010-12-31	$2,152
Total of all expenses incurred	2010-12-31	$233,013
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$210,755
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$500,066
Value of total assets at end of year	2010-12-31	$3,394,443
Value of total assets at beginning of year	2010-12-31	$2,551,038
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$22,258
Total interest from all sources	2010-12-31	$4,166
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$7,609
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$3,000,000
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	$348,189
Participant contributions at end of year	2010-12-31	$61,328
Participant contributions at beginning of year	2010-12-31	$59,395
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$27,315
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year	2010-12-31	$346
Administrative expenses (other) incurred	2010-12-31	$1,694
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	$843,751
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$3,394,443
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$2,550,692
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
Investment advisory and management fees	2010-12-31	$2,502
Interest on participant loans	2010-12-31	$3,581
Value of interest in common/collective trusts at end of year	2010-12-31	$2,362,939
Value of interest in common/collective trusts at beginning of year	2010-12-31	$1,956,472
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$212,753
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$145,216
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$145,216
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$585
Net investment gain or loss from common/collective trusts	2010-12-31	$287,513
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
Assets. Invements in employer securities at end of year	2010-12-31	$757,423
Assets. Invements in employer securities at beginning of year	2010-12-31	$389,955
Contributions received in cash from employer	2010-12-31	$124,562
Income. Dividends from common stock	2010-12-31	$7,609
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$210,755
Contract administrator fees	2010-12-31	$18,062
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
Aggregate proceeds on sale of assets	2010-12-31	$8,886
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$6,734
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	No
Opinion of an independent qualified public accountant for this plan	2010-12-31	Unqualified
Accountancy firm name	2010-12-31	SHATSWELL MCLEOD & COMPANY
Accountancy firm EIN	2010-12-31	043238170
2009 : NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 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 NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST

2011: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 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 – Trust	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2009: NEW ENGLAND BANK EMPLOYEES' SAVINGS & PROFIT SHARING PLAN AND TRUST 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 – Trust	Yes
2009-01-01	Plan benefit arrangement - Trust	Yes

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Company Name:	NEW ENGLAND BANK
Employer identification number (EIN):	061522403
NAIC Classification:	522120
NAIC Description:	Savings Institutions