your guide to the verso corporation retirement savings...

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Your guide to the

Verso Corporation Retirement Savings Plan for

Bargained Employees

Sign in at verso.trsretire.com or call us at the Verso One Number (800-422-6103), Option 4

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Brighten Your Outlook

Welcome to the Verso Corporation Retirement Savings Plan for Bargained Employees.

Verso Corporation has partnered with Transamerica who has more than 75 years of

experience in retirement services, and dedicated to helping you from the day you start

saving to the day you retire—and every day after that. This guide provides tools and

information to develop your retirement savings strategy quickly and easily.

What you should know

You have a valuable benefit. Retirement might seem like a subject for another day, but

your company provided retirement plan is an important benefit you shouldn't overlook. Your

plan offers a powerful way to enhance your long-term financial well-being —by investing in

yourself. It helps you brighten Your Retirement Outlook® (our barometer of your progress

toward retirement readiness) to handle what could be the biggest expense of your life.

You'll get some powerful planning tools. On your plan website, verso.trsretire.com,

you'll find what you need to make smart decisions, from our interactive tools to our

automated investment services. Our mobile app, My TRSRetire, lets you put your plan in

your pocket. And no matter how you access your account, you'll always know Your

Retirement Outlook with a personalized weather icon (rainy, cloudy, partly sunny, or sunny).

This will make it easy to see if your strategy has you on course toward your retirement

income goal—or if you need to take action.

We're here to help. From easy-to-understand education to customer service, we'll be with

you every step of the way to and throughout retirement, and with our affordable Managed

Advice® service, you can get personalized advice on how much to save, how to invest, and

when to retire! For help with your account, call a Managed Advice retirement advisor toll-free

at 844-622-2133.

If you were rehired, automatic contributions could start 30 days after your date of hire, and

your previous investment elections may no longer be valid. Please sign in to your plan

website or call us to review and/or update how you want new account contributions to be

invested.

What you should do

Your account will be created. Enrollment is automatic, so there are no forms to complete.

You will be automatically enrolled in the plan after you become eligible or 30 days after your

date of hire, whichever is later. Unless you make an alternative election (or affirmatively

opt-out), 6% of your pay will be deducted from your paycheck each pay period on a pretax

basis and contributed to your account automatically.

Set up your online access. Follow the instructions to create a username and password,

then follow the enrollment path to choose contributions, investments, and more, or call our

toll-free number (follow the prompts to set up your PIN, then make your choices).


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Determine your Pre-Tax contribution rate. Contributing 6% is a good start. However,

experts agree that most people will need to contribute at least 10% of pay to meet their

income needs throughout retirement. Think about contributing at least enough to take

advantage of your employer's full matching contribution. The tools on your plan website can

help you decide how much to save.

Determine your investing style. Your plan enables you to diversify and rebalance your

investments by making a single decision—or you can build your own portfolio by choosing

among a wide range of carefully screened investment options.

Complete your retirement profile in our OnTrack® tool for a comprehensive view of Your

Retirement Outlook® and specific ways you may be able to improve it. To get started, sign in

to your account and click "Update" on your Account Overview page or "OnTrack" in the

Resource Center menu.

Name your beneficiaries. This simple but important step ensures your account assets will

go where you choose in the event of your death. Look for "Beneficiaries" in your account

Home menu on your plan website.

Consider consolidating. If you have retirement accounts with other financial providers or in

IRAs, you may roll over or transfer any portion of your balances to your plan account at any

time. This could make planning easier, simplify your finances and offer other benefits. Just

make sure to review transfer fees other providers may impose, and consider whether a move

would change features or benefits that may be important to you. For step-by-step guidance,

email us at [email protected] or call 800-275-8714.

Employer-sponsored retirement plans may have features that you may find beneficial such as

access to institutional funds, fiduciary selected investments, and other ERISA protections not

afforded other investors. In deciding whether to do a rollover from a retirement plan, be sure

to consider whether the asset transfer changes any features or benefits that may be

important to you. Review the fees and expenses you pay, including any charges associated

with transferring your account, to see if rolling over into an IRA or consolidating your

accounts could help reduce your costs.

The material in this retirement plan guide was prepared for general distribution. It is being

provided for informational purposes only and should not be viewed as an investment

recommendation. If you need advice regarding your particular investment needs, contact

your financial professional.

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Plan highlights for the Verso Corporation

Retirement Savings Plan for Bargained Employees

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These highlights represent only an overview of plan provisions. For full details, including any

conditions or restrictions, please refer to the Summary Plan Description (SPD) available from

your benefits office.

Your contributions

Pre-Tax

Roth 401(k)

General Eligibility

You are immediately eligible for this contribution.

Alternate Eligibility Groups

Temporary Employees

A Part-Time, Temporary or Seasonal Employee

Service: One year

Plan entry date: As soon as administratively feasible following the date you met the

eligibility requirements.

To complete a year of service, you must have worked 1,000 hours of service during an

eligibility period. The first eligibility period is the 12-month period beginning on your date of

hire. Subsequent eligibil ity periods are based on the Plan Year.

Automatic enrollment

Once you're eligible, unless you choose otherwise you will be automatically enrolled in this

plan with contributions deducted from your pay before taxes at 6%, and your contributions

will be allocated to the plan's "default" investment chosen by your plan sponsor. This will

start as soon as administratively feasible after your plan entry date or 30 days after your date

of hire (or if you were rehired, 30 days after your rehire date), whichever is later. Also, unless

you change your contributions, your savings rate will increase automatically each year until it

reaches the rate shown below.

Starting contribution rate: 6%

Annual increase: 1%

Increase will occur: on a date determined by your employer

Increases will stop when contributions reach: 10%

Contribution limits

Your traditional contributions are deducted from your paycheck before taxes each pay

period. The IRS limits how much you can contribute each year; the current IRS annual limit

is $18,500. If you are (or will be) at least age 50 during the current calendar year, you can

make additional "catch-up" contributions ($6,000) above the regular IRS annual limit for the

year. Please note these limits are indexed annually by the IRS.

Your plan allows you to contribute up to the maximum allowed by law.

• You may elect to increase, decrease, or stop your contributions at any time. Changes will

go into effect as soon as administratively feasible.

• Also, your plan offers the auto-increase service, which lets you schedule automatic annual

increases to your contribution rate by an amount you choose. (You can sign up, make

changes, or cancel online.)

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Pre-Tax contribution or Roth Contributions?

You may save with traditional before tax dollars, after-tax Roth dollars, or a combination of

both, up to the overall limits noted previously. In general, which to choose depends on

whether you think you'l l be in a higher or lower federal tax bracket when you withdraw your

money than you are now. The Roth calculator on your plan website can help you determine

which may be right for you.

Vesting

Vesting refers to your "ownership" of your account—the portion to which you are entitled

even if you leave the plan. You are always 100% vested in your own contributions plus any

earnings on them (including any rollover or transfer contributions you have made).

After-Tax

General Eligibility



Temporary Employees


Service: One year






Contribution limits

Your contributions are deducted from your paycheck after taxes each pay period.

You can contribute up to 100% of your pay, subject to the maximum amount permitted by

law.

• You may save with traditional before tax dollars, after-tax dollars, or a combination of

both. Your before tax contributions are subject to the annual limit mentioned above

($18,500). After-tax contributions do not count toward to this IRS limit however will be

counted when determining the total plan contribution limit made by you and your employer

($54,000).

Vesting

Vesting refers to your "ownership" of your account—the portion to which you are entitled

even if you leave the plan. You are always 100% vested in your own contributions plus any

earnings on them (including any rollover or transfer contributions you have made).

Verso Corporation contributions

Matching contribution

Employer Match Contribution

General Eligibility



Temporary Employees


Service: One year

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Contribution Amount

Verso Corporation may make a discretionary matching contribution on your behalf.

Vesting

You are always 100% vested in the Employer Match Contribution.

Non-matching contribution

Fixed Co. Contribution Union Hourly

General Eligibility



Temporary Employees


Service: One year






However, you will not be eligible for the Fixed Co. Contribution Union Hourly if you are:

• Non-Union

Contribution Amount

Whether or not you contribute to your account, Verso Corporation may make discretionary,

"non-elective" contributions to your account on a tax-deferred basis.

Vesting

You are 100% vested in the Fixed Co. Contribution Union Hourly after 3 years of service.

For vesting purposes, the plan defines a year of service using elapsed time. You will receive

credit for a year of service regardless of how many hours you work in an employment year.

Additional plan details

Note: You may not participate in the plan if you are:

• an individual retained by the Employer pursuant to a contract or an agreement specifying

that he is not eligible to participate in the Plan

• A nonresident alien

• A leased employee

Investment choices

You decide how your account will be invested among the available choices.

For detailed, up-to-date information on the investment options in your plan, including

possible trading restrictions, please visit verso.trsretire.com.

Verso Corporation has chosen a default investment option, also known as a Qualified Default

Investment Alternative (QDIA), which was selected for you in accordance with section

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404(c)(5) of ERISA and other legal regulations. Even though you did not make an affirmative

investment election, the plan f iduciary is not liable for any losses that result from investing

your assets in the QDIA. This relief from liability applies whether or not the plan is intended

to be a 404(c) plan. Unless you choose otherwise, your account will be invested in the QDIA,

Managed Advice®.

The way contributions are invested in your account is referred to as your "investment

allocation." You may change your allocation at any time.

In addition, you may transfer existing balances among your investment choices at any time

(transfers may be subject to certain restrictions).

If you were rehired, your previous investment elections for new contributions may no longer

be valid. Please sign into your account at verso.trsretire.com or call the Verso One

Number (800-422-6103), Option 4 to confirm or update your elections.

Loans

You may borrow from your account based on the following provisions (as a general rule,

loans should be taken from retirement savings only as a last resort):

Minimum loan amount: $1,000 (minimum loan amount must be at least 50% of your vested

balance).

Maximum loan amount: the lesser amount of 50% of your vested account balance or

$50,000 reduced by the highest outstanding loan balance in the past year.

Interest rate: Prime interest rate plus 1%

Loan term: General loan: 1 - 5 Years

Home loan: 6 - 15 Years

Outstanding loans allowed: 2

Withdrawals and distributions

In service

You may withdraw your vested balance while employed if you:

• Are at least age 59½

• Have certain contributions which allow in-service withdrawals at any time

• Experience f inancial hardship as defined in your Summary Plan Description

After service

You may take distributions of vested funds from your account if you:

• Retire at the plan's normal retirement age of 65

• Terminate employment

• Become disabled

In addition, upon your death, your designated beneficiaries will receive any vested amount

remaining in your account.

Generally, if you're no longer actively working for your employer as of April 1 of the year

after you reach age 70 1/2, you are required to begin taking required minimum distributions

(RMDs) from your account.

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Expenses and fees

Your costs to participate in the plan may include:

• General plan administrative fees for ongoing services such as recordkeeping, website

management, and communication services.

• Investment expenses for operating and management expenses charged by the investment

providers.

• Service fees on indiv idual transactions initiated by you such as loans, certain withdrawals,

overnight payments, etc.

• Also, in some cases your account may receive plan service credits if revenue we receive

from fund companies toward plan administration is greater than the annual administrative

fee.

For details on administrative fees and credits (if applicable), please see "Important

Information Regarding your Plan" at the end of this guide or on the "Fund and Fee

Information" in the Review menu of your plan website. Except for investment expenses,

which are deducted from the investments you hold and reflected in your investment returns,

actual fees and credits will appear on your quarterly account statements.

404(c) Notice

Your plan is intended to comply with ERISA section 404(c) and final regulation 2550.404c-1

of the Internal Revenue Code. This means you have the flexibility (and responsibility) to

choose among the investment options provided under the plan in a way that best meets your

objectives. In general, by providing you with this abil ity and a variety of investment choices,

neither your plan sponsor nor Transamerica is liable for any losses that occur as a direct

result of investing in the available options as directed by you or your benef iciary.

In addition to the information in this guide, you can obtain, upon request:

• Prospectuses, summary prospectuses, or similar documents relating to each investment

option.

• Financial statements or reports or similar materials relating to each investment option.

• Information regarding the value of shares or units in the investment options as well as the

date of valuation. (Please see your account statement.)

• A list of the assets comprising the portfolio of each investment option which will constitute

"plan assets" under Reg. 2510.3-101, and the value of each such asset.

For any of the above, please contact:

Verso Corporation

8540 Gander Creek Drive , Miamisburg OH 45342

Miamisburg, OH 45342

Important: The projections or other information generated by the engine regarding

the likelihood of various investment outcomes are hypothetical, do not reflect actual

investment results, and are not guarantees of future results. Results derived from the

tool may vary with each use and over time. Please visit verso.trsretire.com for details on

the criteria and methodology used, the tool's limitations and key assumptions, and other

important information.

You should evaluate your ability to continue the auto-increase service in the event of a

prolonged market decline, unexpected expenses, or an unforeseeable emergency. Matching

contributions are subject to plan vesting requirements. Descriptions of plan features and

benefits are subject to the plan document, which will govern in the event of any

inconsistencies.

Securities offered by Transamerica Investors Securities Corporation (TISC), 440

Mamaroneck Avenue, Harrison, NY 10528. Verso Corporation has selected Transamerica

Retirement Solutions as your retirement plan provider, but there are no other affiliations

between Verso Corporation and Transamerica or its affiliate, TISC.

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Most of your retirement income will come from you. Social Security covers only about

33%* of the average retiree's income. For 2017, the typical Social Security benefit was

around $1,360 a month, or slightly over $16,300 a year. And while some people will receive

pension benefits from current or former employer(s), most of your retirement income will

likely come from your own savings and investments. This makes it critical that you do as

much as you can now to save for your future.

*Fast Facts & Figures About Social Security, 2017

How much is enough?

A common rule of thumb is that you'll need to replace 80% of your final working salary to

maintain your living standard in retirement—though you could need more or may be able to

get by on less. To get there, many financial experts recommend that you steer 10% to 15%

of your pay toward retirement. However, everyone's situation is dif ferent. The Retirement

Outlook Estimator

SM

tool (in the Resource Center of your plan website) can help you

personalize your goal. What's more, if you use the Managed Advice® service on the website,

you'll see a recommended savings rate and retirement age for your situation, and for even

more personalized support, you can get one-on-one access to our retirement planning

experts.

Thanks to compounding (the earnings on your earnings), even small, regular increases can

make a big difference over time. In fact, the sooner you start saving, the less you may have

to save to reach your goal.

Your income goal

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Your investment strategy

You are automatically enrolled and will be assigned to a "default" investment option for all

contributions: Managed Advice.® (Note: There is a fee charged to your account for the

Managed Advice service. This fee is further described in the Managed Advice Agreement

later in this booklet.) To make a different choice, read on!

Asset allocation and diversification

Spreading your risk among different types of investment options is important for building a

nest egg that will meet your needs throughout retirement. This way, temporary downturns in

one type of investment may not affect your whole retirement savings account. To do so, you

should familiarize yourself with two key concepts:

• Asset allocation, an overall strategy for div iding your investments across the major asset

classes (stocks/equities, bonds/fixed income, and cash equivalents); and

• Diversification, or dividing your investments within those classes (for example, among

domestic and foreign stocks, shares of large and small companies, bonds of dif ferent

qualities and terms).

Asset allocation and diversification do not assure or guarantee better performance, cannot

eliminate the risk of investment losses, and do not protect against an overall declining

market.

Your strategy should depend upon two factors:

• Your time horizon (how long you have until you'l l need the money); and

• Your risk tolerance (how well you tend to handle the market's ups and downs).

In general, the longer your time horizon and higher your risk tolerance, the more you may

want to focus on stocks, which have outperformed other types of investments over time

periods of 20 years or more.

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Your plan offers two ways to

diversify your investments:

You have been automatically enrolled in Managed Advice®, a personalized, portfolio

management service that offers the opportunity to consult with a professional advisor at

two-thirds less than what a typical independent advisor would cost.

Source: InvestmentNews Research, 2016 Financial Performance Study

You can always choose to opt out of this service without penalty to build your own portfolio,

which means you choose the funds that you will invest in.

1) Make a single decision

Managed Advice®

Dinner plans, weekend plans, vacation plans. We spend so much time planning our daily

lives that retirement planning can get lost in the shuffle.

That's why Transamerica offers a personalized retirement and investment service that works

on your schedule, on your terms—and stays on point even when you can't devote much

attention to your retirement savings.

Managed Advice is designed to take a lot of the guesswork out of planning for the future.

After all, there's an element of confidence in knowing someone is on hand to help create a

strategy and stand by you as you plan and save for retirement.

To help make retirement planning easier, your plan sponsor has subscribed you to Managed

Advice®. You'l l be asked to accept or change your subscription when you review your

investment strategy online (you can opt out by choosing a dif ferent strategy now or anytime

later).

Once you agree to the service, follow the prompts to complete your Managed Advice profile

and generate Your Retirement Outlook®—Transamerica's real-time forecast of your

retirement readiness. For help with your account, call a Managed Advice retirement advisor

toll-free at 844-622-2133.

ON YOUR SIDE

Between your work schedule and personal schedule, it's tough to be "on" all the time. With

Managed Advice, you don't have to be. It offers automated investment services and provides

access to financial professionals when you need help from a real human being.

ON THE MARK

• We partner with Morningstar®, one of the industry's most respected investment experts, to

provide portfolios customized to your unique situation.

• One-on-one access to a professional advisor within the Transamerica Advice Center.

• Quarterly rebalancing, reallocation, and diversification to ensure your investments remain

suited to match your retirement goals.

• Personalized reviews to measure how you're doing along the way to retirement.

• Holistic recommendations to achieve retirement income goals, including how much to

save and when to retire.

• Mobile and online access to manage your account anytime, anywhere.

• Fees that are up to two-thirds less than what you typically may pay an independent

advisor.

Source: InvestmentNews Research, 2016 Financial Performance Study

ON TO THE NEXT GREAT ADVENTURE

After decades of saving for retirement, it's important to have a smart spending plan. Our

advisors can help you create a strategy to navigate Social Security and draw a paycheck in

retirement. Managed Advice is there to provide assistance with the transition to life after

work.

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ON TARGET

With a proven investment partner, competitive fees, and personalized service, Managed

Advice combines the benefits of technology with human expertise. It's a valuable service

designed to help you live better today and worry less about tomorrow.

You may turn off Managed Advice® at any time.

Currently the monthly fee is no more than $0.21 ($2.50 annually) for every $1,000 in your

account. The annual fee for Managed Advice® is 0.25% of your account balance, which

is deducted from your account monthly (less than $2.08 per month for every $10,000

in your balance). Fees charged by the underlying funds in which you invest will still

apply. You can cancel anytime without penalty. Your Managed Advice retirement

advisor is an investment advisor representative of Transamerica Advisors, Inc., a

registered investment advisor.

Target Date funds

Each fund targets its investment mix to a specif ic year. The fund's manager chooses and

rebalances its holdings based on your time horizon: the farther away from the target date,

the more the fund will focus on more aggressive stock investments; as the target date

approaches, the managers gradually shift their focus toward more conservative bond

investments on a schedule called a "glide path." Each fund is designed as a total investment

solution, meant for 100% of your account.

(See below for general guidelines; full fund prof iles are on your plan website.)

Target Date Funds: These options generally invest in a mix of stocks, bonds, cash

equivalents, and potentially other asset classes, either directly or via underlying investments,

and may be subject to all of the risks of these asset classes. The allocations become more

conservative over time: the percentage of assets allocated to stocks will decrease while the

percentage allocated to bonds will increase as the target date approaches. The higher the

allocation is to stocks, the greater the risk. The principal value of the investment option is

never guaranteed, including at and after the target date.

2) Build your own portfolio

You can build your own portfolio by choosing among the "core" funds in your plan. Your plan

offers a wide range of choices that enable you to diversify among various asset classes and

investment styles. (Full fund profiles are available on your plan website.)

Once you determine the investment mix that is right for you, your plan's auto-rebalance

service can help you maintain your mix automatically (sign up on your plan website). To

create your portfolio, go to the Manage menu in your online account to update "Future

Allocations" (where to invest new contributions) as well as "Current Allocations"

(transfer/exchange existing balances).

Asset Class Investment Option Ticker Investment Style & Risk

Bonds

Short

Bonds/Stable/MMk

t

NYL Guaranteed Interest

Account

N/A Stable Value

Interm./Long-Term

Bonds

Vanguard Intermediate Term

Bond Index Inst

VBIMX Intermediate-Term Bonds

Western Asset Core Plus

Bond IS

WAPSX Intermediate-Term Bonds

Aggressive Bonds Prudential High-Yield Q PHYQX High-Yield Bonds

Stocks

Large-Cap Stocks Federated Strat Val Div Instl SVAIX Large-Cap Value Stocks

State Street S&P 500 Indx

Fund NL Class N

N/A Large-Cap Blend Stocks

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Asset Class Investment Option Ticker Investment Style & Risk

ClearBridge Large Cap

Growth R2

N/A Large-Cap Growth Stocks

Vanguard Growth Index Adm VIGAX Large-Cap Growth Stocks

Small/Mid-Cap

Stocks

JHancock Disciplined Value

Mid Cap I

JVMIX Mid-Cap Blend Stocks

Janus Henderson Enterprise

N

JDMNX Mid-Cap Growth Stocks

Glenmede Small Cap Equity

Instl

GTSCX Small-Cap Blend Stocks

Cohen & Steers Real Estate

Securities Z

CSZIX Real Estate

International

Stocks

Goldman Sachs Intl Eq

Insghts R6

GCIUX World/Foreign Stocks

Oppenheimer International

Growth I

OIGIX World/Foreign Stocks

DFA Emerging Markets I DFEMX Emerging Market Stocks

Multi-Asset/Other

Multi-Asset/Other

Schwab Personal Choice

Retirement Account

N/A N/A

American Funds 2010 Trgt

Date Retire R6

RFTTX Target Date


Date Retire R6

RFJTX Target Date


Date Retire R6

RRCTX Target Date


Date Retire R6

RFDTX Target Date


Date Retire R6

RFETX Target Date


Date Retire R6

RFFTX Target Date


Date Retire R6

RFGTX Target Date


Date Retire R6

RFHTX Target Date


Date Retire R6

RFITX Target Date


Date Retire R6

RFKTX Target Date

For more information on any registered fund, please call the Verso One Number

(800-422-6103), Option 4 for a free summary prospectus (if available) and/or

prospectus. You should consider the objectives, risks, charges, and expenses of an

investment carefully before investing. The summary prospectus and prospectus

contain this and other information. Read them carefully before you invest.

Please see important disclosures to the investment options that follow.

Schwab Personal Choice Retirement Account® (PCRA)

This self-directed account gives you access to additional investment options including over

6,500 mutual funds that are not offered through your retirement program. There is a $50

annual fee for each plan account for which you select PCRA.

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Important Disclosures

Stable Value: An investment that seeks to preserve principal, and provide consistent returns

and liquidity. Stable value investment choices seek capital preservation, but they do carry

potential risks. Stable value investment choices may be comprised of or may invest in

annuity or investment contracts issued by life insurance companies, banks, and other

financial institutions. Stable value investment choices are subject to the risk that the

insurance company or other financial institution will fail to meet its commitments, and are also

subject to general bond market risks, including interest rate risk and credit risk.

Intermediate-Term Bonds: Debt securities issued by governments, corporations, and

others, typically with durations of 3.5 to 6 years. The value of bonds changes in response to

changes in economic conditions, interest rates, and the creditworthiness of individual issuers.

Bonds can lose value as interest rates rise, and an investor can lose principal.

High-Yield Bonds: Lower-rated debt securities (commonly referred to as junk bonds).

These securities involve additional risks because of the lower credit quality of the securities.

The investor should be aware of the possible higher level of volatility and increased risk of

default.

Large-Cap Value Stocks: An investment category that mostly comprises stocks of large

companies that are believed to be priced below what they are really worth. Stocks have

historically offered the potential for greater long-term returns, but also entail greater

short-term risks than other investments. Value stocks may be subject to special risks that

have caused the stocks to be out of favor and undervalued in the opinion of the portfolio

managers who invest in them.

Large-Cap Blend Stocks: An investment category that mostly comprises both value and

growth stocks of large companies. Stocks have historically offered the potential for greater

long-term returns, but also entail greater short-term risks than other investments. Blend

strategies are subject to both growth and value risks.

Large-Cap Growth Stocks: An investment category that mostly comprises stocks of large

companies whose earnings are expected to grow more quickly than the market average.

Stocks have historically offered the potential for greater long-term returns, but also entail

greater short-term risks than other investments. Most growth investments offer higher

potential capital appreciation but usually at above-average risk. Growth stocks can perform

differently than other types of stocks and the market as a whole and can be more volatile

than other types of stocks.

Mid-Cap Blend Stocks: An investment category that mostly comprises a blend of value and

growth stocks of mid-size companies. Stocks have historically offered the potential for

greater long-term returns, but also entail greater short-term risks than other investment

choices. Mid-cap shares may be more vulnerable to market downturns, and their prices could

be more volatile, than those of larger companies. Blend strategies are subject to both growth

and value risks.

Mid-Cap Growth Stocks: An investment category that mostly comprises stocks of mid-size

companies whose earnings are expected to rise faster than the market average. Stocks have

historically offered the potential for greater long-term returns, but also entail greater

short-term risks than other investment choices. Mid-cap stocks may be more vulnerable to

market downturns, and their prices could be more volatile than those of larger companies.

Most growth investments offer higher potential capital appreciation but usually at

above-average risk. Growth stocks can perform differently than other types of stocks and the

market as a whole and can be more volatile than other types of stocks.

Small-Cap Blend Stocks: An investment category that mostly comprises a blend of both

value and growth stocks of small companies. Stocks of small companies involve additional

risks, including a higher risk of failure, and are not as well established as large, blue-chip

companies. Historically, small-company stocks have experienced greater price volatility than

the overall market. Blend strategies are subject to both growth and value risks.

Real Estate: This investment category focuses primarily on stocks offered by public real

estate companies, for example, real estate investment trusts (REITs). Real estate securities

are subject to the risks of owning real estate, including changes in real estate values and

property taxes, interest rates, and cash flow of the underlying real estate assets. Investments

that concentrate in particular real estate sectors, such as a region or industry, may be subject

to greater volatility.

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World/Foreign Stocks: This investment category focuses on stocks of companies primarily

(world, a.k.a. global) or exclusively (foreign, a.k.a. international) outside the United States

and involves special additional risks. These risks include, but are not limited to, currency risk,

political risk, and risk associated with varying accounting standards. Investing in emerging, or

developing, markets may accentuate these risks.

Emerging Market Stocks: This investment category focuses on stocks of companies in

emerging or developing countries or regions. Emerging market stocks involve special

additional risks, including but not limited to, currency risk, political risk, and risk associated

with varying accounting standards. Historically, emerging market stocks have experienced a

greater degree of price volatility than stocks from developed markets.

Target Date Funds: These options generally invest in a mix of stocks, bonds, cash

equivalents, and potentially other asset classes, either directly or via underlying investments,

and may be subject to all of the risks of these asset classes. The allocations become more

conservative over time: the percentage of assets allocated to stocks will decrease while the

percentage allocated to bonds will increase as the target date approaches. The higher the

allocation is to stocks, the greater the risk. The principal value of the investment option is

never guaranteed, including at and after the target date.

Managed Advice: Managed Advice® provides a participant with an asset allocation mix of

funds available within the plan. The asset allocation mix will be automatically rebalanced and

reallocated, managing risk and return as participants' settings and goals change over time.

Additional fees and terms and conditions apply to the Managed Advice® service. Managed

Advice® portfolios are subject to the same risks as the underlying asset classes in which

they invest. The higher the portfolio's allocation to stocks the greater the risk. Managed

Advice® utilizes models, algorithms and/or calculations ("Models"), which have inherent risks.

Models may incorrectly forecast future behavior or produce unexpected results resulting in

losses. The success of using Models depends on numerous factors, including the validity,

accuracy and completeness of the Model's development, implementation and maintenance,

the Model's assumptions, factors, algorithms and methodologies, and the accuracy and

reliability of the supplied historical or other data. If incorrect data is entered into even a

well-founded Model, the resulting information will be incorrect. Investments selected with the

use of Models may perform differently than expected as a result of the design of the Model,

inputs into the Model, or other factors. The principal value of the portfolio is never

guaranteed. Investment return and principal value will fluctuate with market conditions, and

participants may lose money.

The Managed Advice® service is offered through Transamerica Retirement Advisors, LLC

(TRA), an SEC registered investment advisor. Transamerica Retirement Solutions and TRA

are affiliated companies. Morningstar Investment Management Associates, LLC® a

wholly-owned subsidiary of Morningstar, is an SEC-registered investment advisor that serves

as an independent financial expert and provides the underlying investment advice and

portfolio management methodology for the Managed Advice®service. Morningstar is not

affiliated with any Transamerica companies. Please see the Managed Advice®agreement

for more information on the terms and conditions that apply. ? Currently the monthly fee is no

more than $0.21 ($2.50 annually) for every $1,000 in your account.

Schwab Personal Choice Retirement Account® (PCRA) is not a fund but rather a

self-directed brokerage account maintained at Charles Schwab & Co. Inc. You must

individually apply for PCRA and are solely responsible for your fund selections made under

the PCRA. Commissions and transaction fees may apply to fund trades placed outside of the

Schwab Mutual Fund OneSource® program or trades on other investment vehicles available

through Schwab. An annual fee of $50 will be applied by Transamerica if you invest in the

Schwab PCRA. Securities purchased through the PCRA are available through Charles

Schwab & Co. Inc. (member SIPC). Charles Schwab & Co. Inc. is not affiliated with

Transamerica.

You should evaluate your ability to continue the auto-increase service in the event of a

prolonged market decline, unexpected expenses, or an unforeseeable emergency.

Matching contributions are subject to plan vesting requirements.

Descriptions of plan features and benefits are subject to the plan document, which will

govern in the event of any inconsistencies.

Fees charged by the underlying funds in which you invest will still apply. You can cancel

anytime without penalty. Managed account portfolios are subject to the same risks as the

underlying asset classes in which they invest. The higher the portfolio's allocation to stocks,

the greater the risk. The principal value of the portfolio is never guaranteed. Form ADV and

the Managed Advice Agreement provide important information about the service.

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Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison,

NY, 10528, distributes securities products. Any mutual fund offered under the plan is

distributed by that particular fund's associated fund family and its affiliated broker-dealer or

other broker-dealers with effective selling agreements such as TISC. Bank collective trusts

funds, if offered under the plan, are not insured by the FDIC, the Federal Reserve Bank or

any other government agency and are not registered with the Securities and Exchange

Commission. Group annuity contracts, if offered under the plan, are made available through

the applicable insurance company. Any guarantee of principal and/or interest under a group

annuity contract is subject to the claims-paying ability of the applicable insurer. Certain

investment options made available under the plan may be offered through affiliates of

Transamerica Retirement Solutions and TISC. These may include: (1) the Transamerica

Funds (registered mutual funds distributed by Transamerica Capital Inc. (TCI) and advised by

Transamerica Asset Management, Inc. (TAM)); (2) the Transamerica Retirement Solutions

Collective Trust, a collective trust fund of Massachusetts Fidelity Trust Company (MFTC)

(includes the Stable Pooled Fund); (3) group annuity contracts issued by Transamerica

Financial Life Insurance Company (TFLIC), 440 Mamaroneck Avenue, Harrison, NY 10528

(includes the Stable Fund, the Fixed Fund, the Guaranteed Pooled Fund, and SecurePath for

Life®); and (4) group annuity contracts issued by Transamerica Life Insurance Company

(TLIC), 4333 Edgewood Road NE, Cedar Rapids, IA 52499 (includes SecurePath for Life®).

Verso Corporation has selected Transamerica as your retirement plan provider, but there are

no other affiliations between Verso Corporation and Transamerica, TISC, TCI, TAM, MFTC,

TFLIC, or TLIC.

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Verso Corporation Retirement Savings Plan for Bargained

Employees

QK63042 00001

Initial Notice of Automatic Contribution Arrangement (ACA) and Automatic

Investment of Contributions under the Plan

To help you fund your retirement, unless you choose otherwise, Verso Corporation will enroll you in the Verso

Corporation Retirement Savings Plan for Bargained Employees ("Plan"). Please see below for details and answers to

common questions. For additional information, you can contact your plan service provider, Transamerica, by visiting

your participant website at verso.trsretire.com or calling the Verso One Number (800-422-6103), Option 4.

Q. Does the plan's automatic enrollment feature apply to me?

If you have not already made an election by contacting your plan service provider, Transamerica, you will be

automatically enrolled in the plan as soon as administratively feasible following your plan entry date or 30 days after

your date of hire (or if you were rehired, 30 days after your rehire date), whichever is later. This means 6% of your

eligible compensation will be deducted from your paychecks before taxes and allocated to the plan's qualified default

investment alternative (QDIA), Managed Advice®. Also, if you choose not to contribute to your account, Verso

Corporation may still make contributions on your behalf as long as you remain eligible for the plan, but you will be

ineligible for additional matching contributions (detailed later in the notice).

You may change your contribution amount and/or your investments, or opt out of the plan entirely, by contacting

your plan service provider, Transamerica.

If you wish, you may designate some or all of your contributions as "Roth" after-tax. Roth after-tax and traditional

pretax contributions offer different tax treatment. Roth contributions are subject to current federal income tax,

however, any Roth related earnings will be tax-free for qualified distributions if you hold the account at least five

years and are age 59½ or over at the time you take a distribution.

In addition, our Managed Advice® investment advisor representatives (IARs) are available for one-on-one reviews and

consultations. They can provide holistic recommendations to help you achieve your retirement income goals,

including how much to save and when to retire.

Q. What if I do nothing?

If you do not make an election by your plan entry date, each pay period 6% of your eligible compensation will be

contributed to your account. This will start as soon as administratively feasible after your plan entry date or 30 days

after your date of hire (or if you were rehired, 30 days after your rehire date), whichever is later. Also, your

contribution level will increase by 1% each year (unless you choose a different level), until it reaches 10% of your

eligible compensation. These increases will occur each year on a date determined by your employer.

Your contributions to the plan are taken out of your eligible compensation and are not subject to federal income tax

at that time (as well as most states, check your own state's tax rules). Instead, they are contributed to your plan

account and may grow over time with earnings. Your account will be subject to federal income tax and state (check

your own state's tax rules) only when withdrawn.

You are in charge of how much you contribute, within annual limits set by the Internal Revenue Service. This limit

may be annually adjusted by the IRS. The IRS limits how much you can contribute each year; the current IRS annual

limit is $18,500. If you are (or will be) at least age 50 during the current calendar year, you can make additional

"catch-up" contributions ($6,000) above the regular IRS annual limit for the year. Please note these limits are indexed

annually by the IRS.

Your plan allows you to contribute up to the maximum allowed by law. If you are eligible to receive an employer

contribution, the maximum amount of employee compensation that can be considered in calculating employer

contributions to the plan is $275,000 for 2018.

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Note: Your employer has designated your Plan as an Automatic Contribution Arrangement (ACA) under the Internal

Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA), which supersedes any state laws

governing employee payroll deductions. This means that if you do not choose a contribution amount (even if zero),

your employer may deduct a specified portion of your compensation and contribute it to your account automatically

without your prior written consent. For more details, please refer to your Summary Plan Description ("SPD") and any

Summary of Material Modifications ("SMM") to that document. You can get additional copies of either document

from your employer.

You may save with traditional pretax dollars, after-tax "Roth" dollars, or a combination of both, up to the overall

limits noted above.

Note: Your employer has designated your plan as an Automatic Contribution Arrangement (ACA) under the Internal

Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA), which supersedes any state laws

governing employee payroll deductions. This means that if you do not choose a contribution amount (even if zero),

your employer may deduct a specified portion of your compensation and contribute it to your account automatically

without your prior written consent. For more details, please refer to your Summary Plan Description ("SPD") and any

Summary of Material Modifications ("SMM") to that document. You can get additional copies of either document

from your employer.

Q. How will my plan account be invested?

You have the right to direct the investments within your plan account. The way contributions are invested in your

account is referred to as your "investment allocation."

You can elect or change how your contributions and existing assets are invested as well as obtain information on the

other investment alternatives available under the plan by contacting your plan service provider, Transamerica. Any

such election or change by you, whether by making a transfer, or submitting a new investment allocation, will be

considered an affirmative investment election.

Verso Corporation has chosen a default investment option, also known as a Qualified Default Investment Alternative

(QDIA), which was selected for you in accordance with section 404(c)(5) of ERISA and other legal regulations. Even

though you did not make an affirmative investment election, the plan fiduciary is not liable for any losses that result

from investing your assets in the QDIA. This relief from liability applies whether or not the plan is intended to be a

404(c) plan. You have the right to transfer your investment in the default investment alternative to any other

available investment alternative under the plan by contacting your plan service provider, Transamerica Retirement

Solutions. Unless you choose otherwise, your account will be invested in the QDIA, Managed Advice®.

Managed Advice: Managed Advice® is an investment management service in which a fiduciary allocates the assets of

your individual account to achieve varying degrees of long-term appreciation and capital preservation through a mix

of equity and fixed-income investments. This mix is offered through investment options available under the plan,

based on a number of personal factors. These include, but are not limited to, retirement age, outside investment

accounts, spousal information, and current savings rate. The asset allocation mix will be automatically rebalanced

and reallocated, managing risk and return as your settings and goals change over time. If you do not designate a

retirement year or input any additional information, your portfolio will be based on an assumed retirement year of

full Social Security benefit age.

The Managed Advice® service is offered through Transamerica Retirement Advisors, LLC (TRA), an SEC registered

investment advisor. Transamerica Retirement Solutions and TRA are affiliated companies. Morningstar Investment

Management, LLC®, a wholly-owned subsidiary of Morningstar, is an SEC-registered investment advisor that serves as

an independent financial expert and provides the underlying investment advice and portfolio management

methodology for the Managed Advice® service. Morningstar is not affiliated with any Transamerica companies.

Please see the Managed Advice® agreement for more information on the terms and conditions that apply. There is no

affiliation between Morningstar and Transamerica or its affiliates.

Q. When will my plan account be vested?

Vesting refers to your "ownership" of your account—the portion to which you are entitled even if you leave the plan.

You are always 100% vested in your own contributions plus any earnings on them (including any rollover or transfer

contributions you have made).

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You are always 100% vested in the Employer Match Contribution.

You are 100% vested in the Fixed Co. Contribution Union Hourly after 3 years of service.

For vesting purposes, the plan defines a year of service using elapsed time. You will receive credit for a year of service

regardless of how many hours you work in an employment year.

Q. What amounts may Verso Corporation contribute to my account?

Employer Match Contribution

Verso Corporation may make a discretionary matching contribution on your behalf.

Fixed Co. Contribution Union Hourly

Verso Corporation may make discretionary, "non-elective" contributions to your account on a tax-deferred basis.

Please refer to your Summary Plan Description for more information on contributions and eligibility provisions

included in your plan.

For more information on any registered fund, please call the Verso One Number (800-422-6103), Option 4 for a

free summary prospectus (if available) and/or prospectus. You should consider the objectives, risks, charges, and

expenses of an investment carefully before investing. The summary prospectus and prospectus contain this and

other information. Read them carefully before you invest.

Securities offered by Transamerica Investors Securities Corporation (TISC), 440 Mamaroneck Avenue, Harrison, NY

10528. Verso Corporation has selected Transamerica Retirement Solutions (Transamerica) as your retirement plan

provider, but there are no other affiliations between Verso Corporation and Transamerica or its affiliate, TISC.

If you have any questions about how the plan works or your rights and obligations under the plan, please call the

Verso One Number (800-422-6103), Option 4. We can also assist in providing you a copy of your Summary Plan

Description.

Si necesita aclaraciones en español, llame al número gratuito de Transamerica 1-the Verso One Number

(800-422-6103), Option 4, diga "Español" para continuar en su idioma. Después de suministrar su información,

inmediatamente diga "Servicio al cliente" y uno de nuestros representantes contestará sus preguntas.

Produced 02/18 6755_MAEEN0317

© 2017 Transamerica Retirement Solutions LLC

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Managed Advice® AGREEMENT

Please read the following agreement carefully before using or enrolling in the service described below. If you affirmatively

subscribe to the Managed Advice service by acknowledging these terms and conditions and checking the box below, this

Agreement becomes effective upon the date of such cknowledgment and you are thereby enrolled in the Service.

Alternatively, you may have already been automatically enrolled in the service based on instructions from your retirement

plan sponsor. If you have been automatically enrolled in the Managed Advice service, this Agreement becomes effective upon

the date you are automatically enrolled. You will signal your agreement to be bound by this Agreement by your continued

participation in the Managed Advice service after the earlier of (i) any applicable deadline to opt out of participation in the

Managed Advice service, or (ii) the first date that transactions are initiated for your account under the Managed Advice

service.

DESCRIPTION OF SERVICES AND FEES

Managed Advice Services

Your plan sponsor has appointed Transamerica Retirement Advisors, LLC ("Investment Manager") as an investment manager

to your retirement plan ("Plan") for the Managed Advice service ("Managed Advice "). As described in more detail in this

Agreement, the Investment Manager, a registered investment advisor, provides the underlying investment advice and

portfolio construction with respect to Managed Advice.

Upon your effective date, you are subscribed to Managed Advice, a managed account asset allocation service comprised of

asset allocation portfolios using eligible investment options, as determined by the Investment Manager, available in your Plan.

Upon enrollment in Managed Advice, you will receive an investment portfolio allocated among all or a portion of your Plan's

investment options that is based upon your retirement time frame, retirement account balance, and overall financial status.

When constructing your investment portfolio the Managed Advice service will take into consideration any other investments

you hold inside your Plan account that are not included in your Managed Advice portfolio and also any assets held outside

your plan account if you elect to provide this information. Your investment portfolio provided by the Managed Advice service

will be the product of a computer program applying portfolio management methodologies developed, maintained and

overseen by an Independent Financial Expert retained by the Investment Manager. The Independent Financial Expert has

constructed and maintains a series of model asset allocation portfolios to form the basis for the Managed Advice service. The

Independent Financial Expert also designed and maintains computer software and systems that establish your personalized

investment portfolio using the model portfolio appropriate for you based on your personal information and applying the

model portfolio using your Plan's investment options. The Independent Financial Expert's model asset allocation portfolios and

computer software and systems are based on generally accepted principles of modern investment theory. The Independent

Financial Expert is not owned or controlled by the Investment Manager. The Independent Financial Expert has sole control

over the development and maintenance of its model asset allocation portfolios, the computer software and systems used to

provide your investment portfolio, and the portfolio management methodologies used to construct and maintain its model

asset allocation portfolios and its software and systems. The Investment Manager may not change the Independent Financial

Expert's model portfolios or its software or systems or modify the personalized investment portfolio established for you using

the software and systems developed and maintained by the Independent Financial Expert for the Managed Advice service.

You give the Managed Advice service discretionary authority to allocate your Plan account assets and contributions among

the investment alternatives available in your Plan, which means that you authorize the Managed Advice service to give

account directions to Transamerica Retirement Solutions, LLC, your Plan's provider of recordkeeping services

("Transamerica"), or the Plan's trustee for your Plan account without your approval of each transaction. You understand and

agree that the Managed Advice asset allocation portfolios will change over time, including the investment options used within

such portfolios, as deemed appropriate by the Independent Financial Expert. You further understand and agree that your

account will have automated rebalancing transactions that will take place over time within your account as you approach your

selected retirement year, as well as beyond that year. Your balances in any of the investment options offered by your Plan

may be liquidated or rebalanced upon your enrollment in the service, provided that certain Plan accounts or investments may

be subject to restrictions. Your entire account balance will be rebalanced according to your Managed Advice asset allocation

unless a restriction is in place for a portion of your account that makes it unavailable for rebalancing. Such assets will be

excluded from the automated rebalancing transactions until such time as the restriction is removed. Rebalancing may not

occur for de minimis total account balances.

The Investment Manager has retained Morningstar Investment Management, LLC ("Morningstar") to act as "Independent

Financial Expert" for the Managed Advice service. Morningstar is registered as an investment adviser with the U.S. Securities

and Exchange Commission. The Investment Manager pays Morningstar a fee for developing and providing the model asset

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allocation portfolios and software and systems used in connection with the Managed Advice service. However, Morningstar's

fee does not depend upon and is not affected in any way by the personalized investment portfolio provided to you in

connection with the Managed Advice service. As part of the Managed Advice service, you will also have access to one-on-one

advisory services provided by a representative of the Investment Manager. These services are described below under the

heading "One-on-One Advisory Services."

In selecting the Managed Advice service, you should consider your other assets, income, and investments (equity in a home,

IRA investments, savings accounts, and interests in other qualified and non-qualified plans) in addition to your assets in the

Plan. You should review your financial situation at least once a year and reconsider participation in the Managed Advice

service if your circumstances change. As discussed below, while the Investment Manager will contact you in an attempt to

obtain updated information about your account, you agree that it is your responsibility to notify the Investment Manager

promptly of any change that may affect the manner in which your account should be allocated, and you can update your

information any time by accessing your online account.

Asset allocation portfolios provided within the Managed Advice service may include mutual funds, collective trusts, or other

investment vehicles available under your Plan, some or all of which may be managed by the Investment Manager or by

affiliates of the Investment Manager and Transamerica, or with respect to which the Investment Manager, Transamerica or

one of their affiliates receives administrative or shareholder servicing fees.

Managed Advice asset allocation portfolios do not include employer stock, individual securities, target date funds, or other

investment options deemed inappropriate for use within the portfolios. The Independent Financial Expert may through its

screening process or other requirements determine that certain investment options should be excluded from the asset

allocation portfolios. Accordingly, you may not be able to invest in such options unless you unsubscribe from the Managed

Advice service. Conversely, certain investment options may only be offered through the Managed Advice service. Accordingly,

if you choose to unsubscribe from Managed Advice, you will no longer be invested in such investment options. You will be

required to choose other available investment options from your Plan's line up.

You will likely not have the ability to maintain balances in any other investment options when participating in the Managed

Advice service. However, some employers may choose to allow participants to maintain certain options that already have

existing balances, but such options will be "walled off" from any investment activity while enrolled in Managed Advice. Once

enrolled in the Managed Advice service, you will no longer be able to make investment allocation changes within the

investment options in your account, including functionality for fund-to-fund transfers or changing investment option

allocations. You will also no longer be able to transfer assets from an employer-stock option or a self-directed brokerage

account to another investment option. Once enrolled you retain full access to inquire about your account, to sell employer

stock (at which point the cash generated from such sale will become subject to the Managed Advice service), to make

transactions within your self-directed brokerage account, and to access retirement-related services such as requesting loans or

taking a distribution. You may regain the ability to make transactions among investment options the next business day after

you cancel your participation in the Managed Advice service.

The Investment Manager is not responsible for voting proxies for securities in your Plan account or for acting on any litigation,

corporate action, bankruptcy, or any similar legal or administrative proceeding relating to any investments in your Plan

account.

One-on-One Advisory Services

As discussed above, the Investment Manager will also make available one-on-one advisory services to you, as a participant in

the Managed Advice service. Upon your request, the Investment Manager's Investment Advisor Representatives ("IARs") can

review with you, either by phone or in-person (depending on the option your employer has chosen), your current financial

situation, retirement needs and goals. IARs can help you answer questions, such as, how much to save, when to retire, how

your account is invested, within the Managed Advice service, and how your strategy will evolve over time and additional

information based on outputs from the Independent Financial Expert's engine. An IAR can also help you sign up for the

Managed Advice service, and help you execute contribution updates. IARs may also provide assistance by explaining the

fundamentals of asset allocation, having an appropriate mix of equity and fixed income investments, and the investments that

are available to you. While the IAR can help assist with these overall retirement readiness assessments, neither the IAR nor the

Investment Manager provide investment advisory services for your non-Plan accounts or restricted investments.

At your request, an IAR will discuss with you, at least annually, your investment objectives and goals with respect to Managed

Advice. You agree that it is your responsibility to provide the Investment Manager with updated information, as necessary, and

that the Investment Manager, its IARs and all other persons affiliated with Investment Manager have the right to rely on such

information. An IAR will be available to you on an ongoing basis to assist with additional questions on Managed Advice and to

ascertain any changes in your financial circumstances and/or investment objectives relevant to Managed Advice. If you do not

contact the Investment Manager on an at least annual basis, the Investment Manager will contact you, in a manner deemed

appropriate by the Investment Manager, requesting you to update your account with any relevant changes to your financial

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situation and to provide you the opportunity to make reasonable restrictions on the mutual funds, collective trusts, and other

investment vehicles available under your Plan used to construct your asset allocation portfolio.

You acknowledge and agree that you may not be assigned the same IAR each time you receive one-on-one advisory services

and that IARs work together as a team to provide one-on-one advisory services to you.

You agree and understand that one-on-one advisory services are provided to you on a periodic basis, meaning it is provided to

you based on your needs at a particular point in time. Accordingly, the Investment Manager does not continuously review or

update any one-on-one advice, guidance or reports provided unless you contact the Investment Manager and provide or

request additional information. You also understand that while the Managed Advice service has discretionary authority to

allocate your Plan account assets and contributions among the investment alternatives available in your Plan via the asset

allocation portfolios, the recommendations regarding retirement Plan contribution rates are non-discretionary, meaning you

must affirmatively act or provide us with your permission to implement an IAR's contribution rate recommendation.

You agree and understand that neither the Investment Manager, the Independent Financial Expert, nor any IAR guarantees

the performance of any recommendations that are provided in connection with the Managed Advice service or associated

one-on-one advisory services.

The Investment Manager and its IARs do not provide, and Managed Advice, including the one-on-one advisory services, does

not include, legal, tax, or accounting advice. Before making decisions with legal, tax, or accounting ramifications, you should

consult appropriate professionals for advice that is specific to your situation.

Managed Advice Fees and Other Expenses

Your Plan sponsor has authorized the deduction of a participant fee at an effective annual rate of 0.25% based upon the

average daily net asset value of your account assets allocated to the Managed Advice service. This fee covers any applicable

investment management fees to the Investment Manager (a portion of which may be used to pay the Independent Financial

Expert), investment education and support services related to Managed Advice, as well as costs of administering the service.

This fee is accrued daily and is debited from your account balance on a monthly basis. If you cancel your participation in the

Managed Advice service or if your retirement Plan terminates its services agreement with Transamerica, the outstanding fee

at the time of cancellation will be debited from your account balance on the date of cancellation. The fees are subject to

change, as agreed with your retirement Plan's sponsor, provided that you will be notified prior to the institution of any such

change.

You will also bear the expenses of the underlying investment options in which your Plan account is invested. Fund

prospectuses or similar disclosure documents contain additional information on such fees and expenses. Certain investment

options in your retirement Plan may charge a redemption fee. Redemption fees vary in amount and application from

investment option to investment option. It is possible that transactions initiated under the Managed Advice service may result

in the imposition of a redemption fee on one or more investment options available in your Plan. Any redemption fees will be

deducted from your account balance.

Communications

You will receive confirmations of all transactions in your account attributable to the Managed Advice service and the other

information with respect to activity in your account that you would receive if you were not enrolled in the Managed Advice

service. Any communications to you under this Agreement will be provided to your mailing address or your email address on

record with Transamerica. You agree to notify Transamerica promptly if your mailing address and/or email address changes.

You agree to receive required compliance communications from the Investment Manager at your email address on file with

Transamerica (including, without limitation, our annual privacy notice, written disclosure statement, and any amendments to

this Agreement). Notwithstanding the foregoing, you may call Transamerica at any time to receive a paper copy of any such

document at no charge to you.

Termination of Service

You may cancel participation in the Managed Advice service at any time without penalty. You may terminate your

participation by unsubscribing from the service online at my.trsretire.com, or by calling 844-622-2133. This Agreement will

also automatically terminate upon termination of your Plan sponsor's agreement with Transamerica and/or the Investment

Manager. When your participation in the Managed Advice service is cancelled, your Plan account assets will remain in the

investment options and allocations held in your Plan account as of the date of the cancellation until you or the Plan's sponsor

takes further action.

DISCLAIMERS

The Independent Financial Expert has prepared the asset allocation models. The selection of the investment options available

within the Plan is the responsibility of your Plan sponsor. None of Transamerica, the Investment Manager, nor any of their

affiliates endorses or shall be held liable for the selection of any particular investment options available in your Plan. There

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are no guarantees regarding the future performance of your account or that the investments specified in the asset

allocation portfolios will be profitable. Investment return and principal value will fluctuate with market conditions, and you

may lose money. The investments available within your retirement Plan are subject to various risks, including, without

limitation: business, market, currency, economic and political risks.

To the maximum extent permitted by law, Transamerica and/or Investment Manager shall not be liable to you for any loss

caused by (1) our prudent, good faith decisions or actions, (2) following your instructions, or (3) any other person other than

Transamerica, Investment Manager or their affiliates who provides services for your account. Investment Manager and

Transamerica shall not be liable to you for any losses resulting from your disclosure of your personal information or your PIN

to third parties even if the purpose of your disclosure is to enable such person to enroll you in, or cancel your enrollment in,

the Managed Advice service. We do not guarantee that the services or any content will be delivered to you uninterrupted,

timely, secure, or error-free.

TO THE MAXIMUM EXTENT PERMITTED BY LAW, TRANSAMERICA AND INVESTMENT MANAGER DISCLAIM ALL

REPRESENTATIONS AND WARRANTIES, EXPRESS OR IMPLIED, WITH RESPECT TO THE SERVICES AND THE SERVICE CONTENT,

AND ALL INFORMATION DERIVED FROM THEM, INCLUDING, BUT NOT LIMITED TO, IMPLIED WARRANTIES OF

MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE, QUALITY ACCURACY, TITLE, NON-INFRINGEMENT, AND

IMPLIED WARRANTIES ARISING FROM COURSE OF PERFORMANCE OR COURSE OF DEALING. IN ADDITION, ALTHOUGH

TRANSAMERICA INTENDS TO TAKE REASONABLE STEPS TO PREVENT THE INTRODUCTION OF VIRUSES OR OTHER DESTRUCTIVE

MATERIALS TO THE SERVICE, TRANSAMERICA AND INVESTMENT MANAGER DO NOT WARRANT THAT THE SERVICE OR

CONTENT CONTAINED IN THEM WILL BE UNINTERRUPTED OR ERROR FREE, OR THAT ANY INFORMATION OR OTHER MATERIAL

ACCESSIBLE THROUGH THE SERVICE IS FREE OF ERRORS, VIRUSES, WORMS, OR OTHER HARMFUL CONTENT.

LIMITATION OF LIABILITY

YOU UNDERSTAND THAT IN NO EVENT WILL TRANSAMERICA, INVESTMENT MANAGER OR THEIR OFFICERS, DIRECTORS,

SHAREHOLDERS, PARENTS, SUBSIDIARIES, AFFILIATES, EMPLOYEES, CONSULTANTS, AGENTS, LICENSORS OR ANY DATA

PROVIDER BE LIABLE FOR ANY CONSEQUENTIAL, PUNITIVE, INCIDENTAL, SPECIAL OR INDIRECT DAMAGES, LOSS OF BUSINESS

REVENUE OR LOST PROFITS, WHETHER IN AN ACTION UNDER CONTRACT, NEGLIGENCE OR ANY OTHER THEORY EVEN IF WE

ARE ADVISED OF THE POSSIBILITY OF SUCH.

Nothing in this Agreement shall be construed to waive compliance with the Investment Advisers Act of 1940, the Employee

Retirement Income Security Act of 1974, as amended ("ERISA"), or any applicable rule or order of the Department of Labor

under ERISA. Nothing in this Agreement shall constitute a waiver of, or limitation on, any rights you have under federal and

state laws to the extent such rights may not be waived or limited.

BITRATION AND DISPUTE RESOLUTION

Please Read This Following Clause Carefully - It May Significantly Affect Your Legal Rights, Including Your Right to File a

Lawsuit in Court

Agreement to Binding Arbitration

All claims arising out of or relating to this Agreement shall be finally settled by bindingarbitration administered by JAMS in

accordance with the provisions of the JAMS Comprehensive Arbitration Rules and Procedures and in accordance with the

Expedited Procedures in those Rules, excluding any rules or procedures governing or permitting class actions. The arbitrator,

and not any federal, state or local court or agency, shall have exclusive authority to resolve all disputes arising out of or

relating to the interpretation, applicability, enforceability or formation of this Agreement, including, but not limited to any

claim that all or any part of this Agreement is void or voidable (except for the class action waiver below). The arbitrator shall

be empowered to grant whatever relief would be available in a court under law or in equity. The arbitrator's decision shall be

final, binding, and non-appealable in court. Judgment upon the award may be entered and enforced in any court having

jurisdiction. The arbitrator's award will consist of a written statement stating the disposition of each claim and will include a

concise written statement of the essential findings and conclusions on which the award is based. The parties adopt and agree

to implement the JAMS Optional Arbitration Appeal Procedure (as it exists on the effective date of this Agreement) with

respect to any final award in an arbitration arising out of or related to this Agreement. Either party may request a panel of

three (3) arbitrators in lieu of only one (1) arbitrator. The parties will make reasonable efforts to agree upon a mutually

satisfactory arbitrator chosen from the JAMS panel and the arbitrator(s) must be neutral. The arbitration shall take place in

New York, New York. However, you have the right to have the arbitration hearing(s) take place at a JAMS location closest to

where you reside. The interpretation and enforcement of this Agreement shall be governed by the Federal Arbitration Act.

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The parties agree that all proceedings before the arbitrators will remain confidential between the parties. The requirement of

confidentiality, however, either party may register the judgment on any arbitral award in an appropriate court, and the parties

may disclose information regarding the arbitration if required by law or judicial decision. This agreement to binding arbitration

in no way limits or affects the parties' rights under the Investment Advisers Act. The parties further agree that nothing in this

agreement precludes any party from filing or participating in administrative proceedings before government administrative

agencies to address alleged violations of law enforced by those state agencies.

JAMS' RULES GOVERNING THE ARBITRATION MAY BE ACCESSED AT WWW.JAMSADR.COM OR BY CALLING JAMS AT

800.352.5267. IF YOU INITIATE AN ARBITRATION AGAINST TRANSAMERICA, $250 IS THE ONLY ARBITRATION FEE YOU WILL BE

REQUIRED TO PAY, WHICH IS APPROXIMATELY EQUIVALENT TO CURRENT COURT FILING FEES. ALL OTHER JAMS ARBITRATION

COSTS WILL BE BORNE BY TRANSAMERICA, INCLUDING ANY REMAINING JAMS CASE MANAGEMENT FEE AND ALL

PROFESSIONAL FEES FOR THE ARBITRATOR'S SERVICES. THE PARTIES UNDERSTAND THAT, ABSENT THIS MANDATORY

PROVISION, THEY WOULD HAVE THE RIGHT TO SUE IN COURT AND HAVE A JURY TRIAL. THEY FURTHER UNDERSTAND THAT, IN

SOME INSTANCES, THE COSTS OF ARBITRATION COULD EXCEED THE COSTS OF LITIGATION. THE PARTIES ALSO UNDERSTAND

THAT ALTHOUGH ARBITRATION ALLOWS FOR THE DISCOVERY OR EXCHANGE OF NON-PRIVILEGED INFORMATION RELEVANT

TO THE DISPUTE, THE RIGHT TO DISCOVERY MAY BE MORE LIMITED IN ARBITRATION THAN IN COURT.

Class Action and Class Arbitration Waiver

The parties further agree that any arbitration shall be conducted in their individual capacities only and not as a purported

class, collective, representative, multiple plaintiff, or similar proceeding ("Class Action"), and the parties expressly waive their

right to file a Class Action in any forum. The arbitrator(s) is empowered to award full relief to an individual claimant, but any

relief awarded cannot extend beyond that individual claimant. Any claim that all or part of this Class Action waiver is

unenforceable, unconscionable, void, or voidable may be determined only by a court of competent jurisdiction and not by an

arbitrator. If any court or arbitrator(s) determines that the Class Action waiver set forth in this paragraph is void or

unenforceable for any reason (including any alleged incompatibility with the Investment Advisors Act or other federal

securities laws or regulations), or that an arbitration can proceed as a Class Action, then the arbitration provision set forth

above shall be deemed null and void in its entirety and the parties shall be deemed to have not agreed to arbitrate disputes.

THE PARTIES UNDERSTAND THAT IN THE ABSENCE OF THIS AGREEMENT THEY WOULD HAVE HAD A RIGHT TO LITIGATE

THROUGH A COURT, TO HAVE A JUDGE OR JURY DECIDE THEIR CASE AND TO BE PARTY TO A CLASS OR REPRESENTATIVE

ACTION. HOWEVER, THEY UNDERSTAND AND CHOOSE TO HAVE ANY CLAIMS DECIDED INDIVIDUALLY, THROUGH

ARBITRATION.

Exception - Small Claims Court Claims

Notwithstanding the parties' agreement to resolve all disputes through arbitration, either party may seek relief in a small

claims court for disputes or claims within the scope of that court's jurisdiction.

30 Day Right to Opt OutYou have the right to opt-out and not be bound by the arbitration provisions set forth in this

arbitration section by notifying us in writing at Transamerica Retirement Advisors, Attn: Chief Compliance Officer, 440

Mamaroneck Ave, Harrison, NY 10528 or email us at [email protected] within thirty (30) days of your

subscription to Managed Advice or your receipt of this Agreement, whichever is later. When providing notice to us of your

intent to opt out, you must provide your first and last name, Plan name and last four digits of your social security number. If

known, please also provide your Plan contract number. Otherwise, you shall be bound to arbitrate disputes in accordance with

the terms of this arbitration provision. If you opt-out of these arbitration provisions, Transamerica also will not be bound by

them.

Exclusive Venue for Litigation

To the extent that the arbitration provisions set forth above do not apply, the parties agree that proper forum for any claims

under this Agreement shall be in the courts of the State of New York for Westchester County or the United States District

Court, Southern District of New York (except for small claims court actions which may be brought in the county where you

reside). The parties expressly consent to exclusive jurisdiction in Westchester County, New York for any litigation other than

small claims court actions.

GENERAL PROVISIONS

The Investment Manager acknowledges and agrees that it is a fiduciary under Section 3(21) of ERISA and an investment

manager under section 3(38) of ERISA with respect to the investment of your Plan account, other than restricted investments.

You may not assign this Agreement, and the Investment Manager may not assign this Agreement (within the meaning of the

Investment Advisers Act of 1940, as amended) without your consent, which may be obtained by the Investment Manager in

any manner permitted under federal securities laws. This Agreement is governed by and construed in accordance with the

laws of the State of New York, without regard to conflicts of law provisions. The Managed Advice service is offered only to

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persons residing in the United States and nothing herein shall be construed as an offer of this service in other jurisdictions.

You represent that you are a resident of the United States and have a United States mailing address. This Agreement

constitutes the entire agreement between you, the Investment Manager and Transamerica with respect to the subject matter

herein. If for any reason a provision or portion of this Agreement is found to be unenforceable, that provision of the

Agreement will be enforced to the maximum extent permissible so as to effect the intent of the parties, and the remainder of

this Agreement will continue in full force and effect. No failure or delay on the part of Transamerica or the Investment

Manager in exercising any right or remedy with respect to a breach of this Agreement by you shall operate as a waiver thereof

or of any prior or subsequent breach of this Agreement by you, nor shall the exercise of any such right or remedy preclude any

other or future exercise thereof or exercise of any other right or remedy in connection with this Agreement. Any waiver must

be in writing and signed by Transamerica and the Investment Manager. All terms and provisions of this Agreement, including

without limitation, "Disclaimers," "Limitation of Liability," "Indemnification," and "Intellectual Property," which should by their

nature survive the termination of this Agreement, shall so survive. Transamerica and Investment Manager shall not be liable

for any delay or failure to perform their obligations hereunder if such delay or failure is caused by an unforeseeable event

beyond their reasonable control, including without limitation: act of God, fire, flood, earthquake, labor strike, sabotage,

embargoes, power failure, lightning, acts or omissions of telecommunications common carriers, war or civil disorder, or acts of

terrorism. The Investment Manager and Transamerica reserve the right to modify this Agreement at any time upon notice to

you. You agree to review this Agreement periodically so that you are aware of any such modifications. Your continued

participation in the Managed Advice service shall be deemed to be your acceptance of the modified terms of this Agreement.

This Agreement shall inure to the benefit of the Investment Manager's and Transamerica's successors and assigns.

INTELLECTUAL PROPERTY

All content provided as part of the Managed Advice service, including without limitation: names, logos, methodologies, and

news or information provided by third parties, is protected by copyrights, trademarks, service marks, patents, or other

intellectual property and proprietary rights and laws ("Intellectual Property") and may constitute trade secrets, as defined by

applicable law. All such Intellectual Property is the property of their respective owners and no rights or licenses are granted to

you as a result of your participation in the Managed Advice service.

ABOUT THE INVESTMENT MANAGER

The Investment Manager is a registered investment adviser with the Securities and Exchange Commission. Part 2 of the

Investment Manager's Form ADV contains additional information about the Investment Manager and can be referenced in

your retirement Plan materials. Form ADV, Part 2. Transamerica and Investment Manager are affiliated companies. You

hereby acknowledge receipt of the Investment Manager's Form ADV Part 2.

Your employer has appointed the Investment Manager and reserves the right to replace the Investment Manager in its sole

discretion. You will be notified of any fee changes resulting from the Investment Manager being replaced. In the event your

employer terminates its relationship with the current Investment Manager and is unable to contract with a suitable

replacement, this Agreement shall automatically terminate upon written notice.

PT 6755-MA (04/17)

Mod dt: 04/17

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PT-11136 © Transamerica Retirement Solutions, LLC 02/16

1

Verso Corporation Retirement Savings Plan for Bargained Employees

QK63042 00001

IMPORTANT INFORMATION REGARDING YOUR PLAN

We want you to enjoy the many features and benefits of your retirement plan. We also want to make sure you understand your plan

and investment fees. The enclosed report details the types and amounts of fees that may apply to your account, depending on which

features and investments you choose.

The report is organized into multiple sections:

•General Plan Information offers an overview of your plan.

•Potential General Administrative Fees and Expenses may be charged against everyone's account in the plan to cover the day-to-day

costs of operating the plan.

•Potential Individual Fees and Expenses are associated with certain plan features or services and apply only to participants who use

the particular features or services.

•Investment Information details each of the options available in your plan. This section features up to three tables, depending on

what your plan offers. This may include investments with variable rates of return, such as mutual funds or those with fixed or stated

rates of return, such as some stable value funds. Details include:

•Historical performance for each variable option and its "benchmark," typically a broad market index used for comparison.

•Expenses, including fund operating costs which are automatically deducted from your investment returns. (The specific

expenses that apply to you will depend on how your account is invested.)

You may receive this information electronically by signing up for e-documents at verso.trsretire.com .

Visit verso.trsretire.com to access the report and other related materials, including a glossary of terms. To access the participant fee

disclosure document, visit verso.trsretire.com , and select "investments and associated fees" from the Funds and Fee Information

heading. If you are not enrolled in the plan, enter the account number from the upper left-hand corner of this document and click

"Submit." If you are already enrolled, enter your customer ID and password and click "Sign in."

In addition, your quarterly statement will show the specific fees that have been applied to your account (except any fund expenses

netted directly from your investment returns) during the statement period.

If you have any questions, please sign in to your account at verso.trsretire.com and click on Help, or call us at the Verso One Number

(800-422-6103), Option 4.

Si necesita aclaraciones en español, llame al número gratuito de Transamerica 1-the Verso One Number (800-422-6103), Option 4 y

diga "Español" para continuar en su idioma. Después de suministrar su información, inmediatamente diga "Servicio al cliente" y

con mucho gusto uno de nuestros representantes contestará sus preguntas.

F1

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Verso Corporation Retirement Savings Plan for Bargained Employees

QK63042 00001

IMPORTANT INFORMATION REGARDING YOUR PLAN

Disclosure Chart as of February 24, 2018

Your plan offers a convenient way to save for retirement and provides unique features and benefits not available elsewhere. You have

the opportunity to make the plan work harder for you by committing early to disciplined savings, taking full advantage of the tools and

services available, maintaining a long-term investment strategy, and understanding the plan, including investment options and fees.

This document is required to be sent to you to help you understand your retirement plan and will be updated annually and when

certain types of changes are made. Although you should review this important information, no action is required on your part.

General Plan Information

How to Direct Your Investments

You decide how your account will be invested among the available investment options by calling the Verso

One Number (800-422-6103), Option 4 or going to verso.trsretire.com.

Transfer and/or Investment

Allocation Restrictions

There are no transfer restrictions imposed by the Plan. Please see Table 1 for transfer restrictions that may

be imposed by the investment options.

You may change your investment allocation at any time. No plan level allocation restrictions apply.

Investment Allocations for future contributions to the Personal Choice Retirement Account (PCRA) are not

permitted. A PCRA may be opened via a transfer from other investment options. There is a $1,000 minimum

to open an account and a $250 minimum for subsequent transfers into a PCRA.

Voting, tender and similar rights

and restrictions on such rights

Mutual Funds—The Plan Sponsor shall have the right to exercise voting and tender rights attributable to

mutual funds offered under the Plan. Self Directed Brokerage Accounts—Plan participants shall have the

right to exercise voting and tender rights attributable to securities held in an outside brokerage window

offered under the Plan.

List of Investment Alternatives For the listing of the plan's investment alternatives, please see the Investment Information section.

Investment Manager for Managed

Advice

Your plan offers the Managed Advice® service. The service provides you with an asset allocation mix of funds

available within your plan. Managed Advice rebalances and reallocates your account over time as your

circumstances change. Transamerica Retirement Advisors, LLC serves as the investment manager for the

Managed Advice service. Additional terms and conditions apply to the service, and more detailed

information, including Form ADV of the investment manager, is available at verso.trsretire.com by signing in

to your account and selecting Managed Advice in the Manage section. In offering the Managed Advice

service, Transamerica Retirement Advisors, LLC relies on the investment methodology developed by

Morningstar Investment Management LLC as an independent financial expert.

Personal Choice Retirement

Account (PCRA) Description

To supplement the investment funds offered under your plan, you may choose to open a Schwab Personal

Choice Retirement Account® (PCRA). This is a self-directed brokerage account that allows you to direct the

investment of your account in investment options other than those offered under the plan. By establishing a

PCRA, you assume responsibility for controlling your investments. For more information on establishing and

maintaining a PCRA, please call Transamerica at the Verso One Number (800-422-6103), Option 4.

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Verso Corporation Retirement Savings Plan for Bargained Employees QK63042 00001


F3

Potential General Administrative Fees and Expenses

Administrative Fee — Per Account The plan incurs annual general administrative fees for ongoing plan administrative services

(e.g.,recordkeeping) of $29.00 per participant account (accrued monthly). On a quarterly basis, fees will be

deducted as a fixed dollar amount from your account based on the total number of participant accounts at

the time the deduction is taken, unless paid from other sources. All of the revenue (e.g., 12b-1 fees,

administrative fees) that Transamerica Retirement Solutions or its affiliates receive from the plan's

investment options is credited back to your account on a monthly basis as a Plan Service Credit.

When applicable, general administrative fees other than the charge above, for administrative services (e.g.,

legal, accounting and auditing), may from time to time be deducted as a fixed dollar amount from your

account. {A general administrative fee of $5.75 ($23.00 annually) will be deducted from your account on a

quarterly basis.

The actual amounts deducted from your account, as well as a description of the services to which the fees

relate will be reported on your quarterly benefit statements.

Administrative Fee — Pro Rata When applicable, other general administrative fees for plan services (e.g., legal, accounting and auditing),

may from time to time be deducted as a percentage of assets from some or all investment options held in

your account.

The actual amounts deducted from your account, as well as a description of the services to which the fees

relate will be reported on your quarterly benefit statements.

Plan Service Credit Plan service credit represents an expense refund for one or more of the investment funds offered by your

plan. When applicable, a plan service credit is added to your account and lowers the effective annual

expense ratios of the investment fund(s) for which a plan service credit applies. Any plan service credit will

be reported on your quarterly benefit statements.

Potential Individual Fees and Expenses — applicable only to those using specific features or services

Full Distribution Fee A fee of $25.00 that is deducted from your account when you take a full distribution from your account when

you terminate employment or retire. The fee is also applicable to the final distribution from a former

participant's account who has taken unscheduled systematic withdrawals and for contract exchanges to

another service provider. The fee is waived if the distribution is made due to death, disability, the purchase

of an annuity through Transamerica, a direct rollover to a Transamerica IRA and any distribution from a

beneficiary's account. The amount deducted from your account will be reported on your quarterly benefit

statement. The fee and the related service will be identified as a Distribution Processing Fee.

Hardship Withdrawal Fee A fee of $25.00 that is deducted from your account when you take a hardship withdrawal from your account.

The amount deducted from your account will be reported on your quarterly benefit statement. The fee and

the related service will be identified as a Distribution Processing Fee.

In-service Distribution Fee A fee of $25.00 that is deducted from your account when you take an in-service distribution from your

account and for a contract exchange to another service provider. The fee is waived for direct rollovers to a

Transamerica IRA, Required Minimum Distributions and distributions made from a beneficiary's account. The

amount deducted from your account will be reported on your quarterly benefit statement. The fee and the

related service will be identified as a Distribution Processing Fee.

Loan Maintenance Fee You may borrow from the Plan, using your account as security (conditions and restrictions may apply). A

quarterly loan maintenance fee of $6.25 is deducted from your account, except in the Plan quarter in which

the loan is issued and paid off, when you take a loan from the Plan. The amount deducted from your account

will be reported on your quarterly benefit statement. The fee and the related service will be identified as a

Loan Maintenance Fee.

Loan Set-up Fee You may borrow from the Plan using your account as security (conditions and restrictions may apply). A

set-up fee of $75.00 will be deducted from your account. The amount deducted from your account, as well as

a description of the services to which the fee relates, will be reported on your quarterly benefit statement.

The fee and the related service will be identified as a Loan Set-up Fee.

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Potential Individual Fees and Expenses — applicable only to those using specific features or services

(continued)

Managed Advice Fee An annual fee applies with respect to the Managed Advice service. The annual fee is 0.25% of your account

balance invested under the Managed Advice service and is paid to Transamerica Retirement Advisors, LLC.

The amount deducted from your account, as well as a description of the services to which the fee relates, will

be reported on your quarterly benefit statement. The fee and the related service will be identified as a

Managed Advice Fee.

Overnight Check Fee A fee of up to $50.00 will be deducted from your account in the event you request a check be sent overnight

to you. The amount deducted from your account, as well as a description of the services to which the fee

relates, will be reported on your quarterly benefit statement. The fee and the related service will be

identified as a Overnight Check Fee.

Personal Choice Retirement

Account (PCRA) Fee

An annual fee of $50.00 will be withdrawn from your Transamerica account and will appear on your

Transamerica statement when you choose to open a Schwab PCRA. This fee is expressed as a fixed dollar

amount.

You may trade many funds with no loads and no transaction fees through Schwab's Mutual Fund OneSource®

service. Certain funds in Schwab's Mutual Fund Marketplace are available with no transaction fees, but have

12b-1 fees in excess of .25% and therefore cannot be called "OneSource" funds. Commissions and transaction

fees may apply to fund trades placed outside of Mutual Fund OneSource or trades on other investment

vehicles available through Schwab. To learn about any fees associated with the purchase or sale of a

particular investment before making a purchase or sell through your PCRA, access your account online at

www.schwab.com or contact the Schwab PCRA Call Center at 888-393-PCRA(7272). Schwab fees will appear

on your separate PCRA statement directly from Schwab.

QDRO Fee A fee of up to $250.00 will be deducted from your account when your account is divided as a result of a

Qualified Domestic Relations Order ("QDRO"). The amount deducted from your account will be reported on

your quarterly benefit statement as a QDRO Fee.

Returned Check — Insufficient

Funds

A fee of up to $50.00 will be deducted from your account in the event a check is returned for insufficient

funds. The amount deducted from your account as well as a description of the services to which the fee

relates will be reported on your quarterly benefit statement. The fee and the related service will be

identified as a Returned Check - Insufficient Funds Fee.

Shareholder Type Fees For applicable redemption fees, please see the Investment Information section. Changes in these fees are

announced separately. The amount deducted from your account as well as a description of the services to

which the fee relates will be reported on your quarterly benefit statement.

Investment Information

This information is provided to help you compare the investment options under your plan. You may obtain, free of charge, a paper

copy of your fee disclosure notice and other investment information posted at verso.trsretire.com , by contacting Transamerica at the

Verso One Number (800-422-6103), Option 4 or by writing to 4333 Edgewood Road NE, Mail Drop 0001, Cedar Rapids, IA, 52499,

Attention: Fee Disclosure. The information available includes each investment option's issuer, objectives, goals, principal strategies,

principal risks, holdings, turnover rate, value and updated performance and expense information; as well as a glossary of terms,

information about calculating benefits, available distribution options and (where appropriate) prospectuses and annual reports.

The following table focuses on investment options that have variable rates of return, and shows fee and expense information, as well

as investment performance for each investment option and that of the appropriate benchmark, or index. If your plan offers balanced,

asset allocation or target retirement funds, which are comprised of a mix of stock and bond investments, you will see two broad-based

benchmarks, a stock index and a bond index. Because they are made through a retirement plan, your investments in these funds are

not subject to front-end or back-end loads, which are a form of sales commission charged at the time of purchase or sale. Please note

the following:

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• The investment performance of each investment option is shown net of (or after) fees, while the benchmark or index

investment performance is reported on a gross (before fees) basis. If the option has less than a ten year history, the

investment performance of both the investment option and the index are shown since inception, with the inception date

shown after the investment option name. Returns of less than one year are not annualized. Performance prior to the

inception date of the share class (if any) is based on returns of an older share class, which have been adjusted for expenses.

• Total Annual Operating Expenses of an investment option are the expenses you pay each year, which reduce the rate of

return you earn. In some cases, a fund may waive or reimburse certain expenses. If a fund has waived expenses in the past

year, you will see a different gross (G) (before waivers) and net (N) (after waivers) expense ratio. So while an investor could

have been charged as much as the gross expense rate in the past year, they will only have paid the net expense rate because

of the waivers. Fund specific operating expense details are available at verso.trsretire.com.

• Shareholder-type fees, if any, are in addition to Total Annual Operating Expenses. Fees and expenses are only one of many

factors to consider when you decide to invest in an investment option.

• You may also want to think about whether an investment in a particular option, along with your other investments, will help

you achieve your financial goals.

• The performance data quoted represents past performance. Past performance does not guarantee how the investment

option will perform in the future. Your investment in these options will fluctuate and you could lose money. Current

performance may be lower or higher than the performance data quoted.

• The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the

Department of Labor's website for an example showing the long-term effect of fees and expenses at

www.dol.gov/ebsa/publications/401k_employee.html.

Comparative Investment Chart - Table 1 Variable Options

Name of Option (Inception Mo/Yr) Index(es) Type of Option Total Annual Operating

Expenses

G: Gross; N: Net

Average Annual Total Return

as of 12/31/2017

As % Per $1000 1Yr. 5Yr.

10yr. or

Since

Inception

Bonds

Vanguard Intermediate Term Bond Index Inst (03/94) Intermediate-Term

Bonds

0.05% G

0.05% N

$0.50 G

$0.50 N

3.88% 2.26% 5.02%

Index: Bloomberg Barclays 5-10 Year Gov't/Credit Index 3.81% 2.29% 5.00%

Shareholder-Type Fees / Comments: If you exchange out of this fund, you will not be permitted to exchange back into the same fund within 30

calendar days.

Western Asset Core Plus Bond IS (07/98) Intermediate-Term

Bonds

0.42% G

0.42% N

$4.20 G

$4.20 N

7.13% 3.93% 6.00%

Index: Bloomberg Barclays Aggregate Bond Index 3.54% 2.10% 4.01%

Prudential High-Yield Q (03/79) High-Yield Bonds 0.41% G

0.41% N

$4.10 G

$4.10 N

7.70% 5.98% 7.53%

Index: BofA ML US High Yield Master II Index 7.48% 5.80% 7.89%

Stocks

Federated Strat Val Div Instl (03/05) Large-Cap Value

Stocks

0.94% G

0.81% N

$9.40 G

$8.10 N

15.14% 12.42% 6.98%

Index: Russell® 1000 Value Index 13.66% 14.04% 7.10%

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Comparative Investment Chart - Table 1 Variable Options (continued)


Expenses

G: Gross; N: Net


as of 12/31/2017

As % Per $1000 1Yr. 5Yr.

10yr. or

Since

Inception

Stocks

State Street S&P 500 Indx Fund NL Class N (09/96) Large-Cap Blend

Stocks

0.03% G

0.02% N

$0.30 G

$0.20 N

21.81% 15.77% 8.50%

Index: S&P 500 Index 21.83% 15.79% 8.50%

ClearBridge Large Cap Growth R2 (07/16) Large-Cap Growth

Stocks

0.56% G

0.55% N

$5.60 G

$5.50 N

26.23% N/A 19.30%

Index: Russell® 1000 Growth Index 30.21% N/A 21.20%

Vanguard Growth Index Adm (11/92) Large-Cap Growth

Stocks

0.06% G

0.06% N

$0.60 G

$0.60 N

27.80% 16.08% 9.51%

Index: MSCI US Prime Market Growth Index 28.68% 16.83% 9.90%

Shareholder-Type Fees / Comments: If you exchange out of this fund, you will not be permitted to exchange back into the same fund within 30

calendar days.

JHancock Disciplined Value Mid Cap I (06/97) Mid-Cap Blend

Stocks

0.86% G

0.86% N

$8.60 G

$8.60 N

15.64% 16.54% 11.67%

Index: Russell® Mid Cap Value Index 13.34% 14.68% 9.10%

Janus Henderson Enterprise N (09/92) Mid-Cap Growth

Stocks

0.67% G

0.67% N

$6.70 G

$6.70 N

26.65% 16.67% 9.85%

Index: Russell® Mid Cap Growth Index 25.27% 15.30% 9.10%

Glenmede Small Cap Equity Instl (03/91) Small-Cap Blend

Stocks

0.71% G

0.71% N

$7.10 G

$7.10 N

15.98% 15.36% 9.74%

Index: Russell® 2000 Index 14.65% 14.12% 8.71%

Cohen & Steers Real Estate Securities Z (09/97) Real Estate 0.84% G

0.84% N

$8.40 G

$8.40 N

8.17% 11.71% 9.16%

Index: MSCI REIT Index 5.07% 9.34% 7.44%

Goldman Sachs Intl Eq Insghts R6 (08/97) World/Foreign

Stocks

0.93% G

0.84% N

$9.30 G

$8.40 N

29.70% 10.41% 2.52%

Index: MSCI All-Country World Ex-US Index 27.77% 7.28% 2.31%

Oppenheimer International Growth I (03/96) World/Foreign

Stocks

0.69% G

0.69% N

$6.90 G

$6.90 N

27.15% 8.66% 4.67%

Index: MSCI All-Country World Ex-US Index 27.77% 7.28% 2.31%

DFA Emerging Markets I (04/94) Emerging Market

Stocks

0.58% G

0.48% N

$5.80 G

$4.80 N

36.57% 4.18% 2.53%

Index: MSCI Emerging Markets Index 37.75% 4.73% 2.02%

15

7



F7



Expenses

G: Gross; N: Net


as of 12/31/2017

As % Per $1000 1Yr. 5Yr.

10yr. or

Since

Inception

Multi-Asset/Other

American Funds 2010 Trgt Date Retire R6 (02/07) Target Date 0.34% G

0.34% N

$3.40 G

$3.40 N

10.41% 7.17% 4.84%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.33% N

$3.30 G

$3.30 N

11.19% 7.96% 5.08%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.35% N

$3.50 G

$3.50 N

12.87% 8.93% 5.33%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.37% N

$3.70 G

$3.70 N

15.33% 10.36% 6.02%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.39% N

$3.90 G

$3.90 N

18.40% 11.50% 6.64%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.40% N

$4.00 G

$4.00 N

21.04% 12.13% 6.89%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.41% N

$4.10 G

$4.10 N

21.98% 12.45% 7.05%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.41% N

$4.10 G

$4.10 N

22.44% 12.57% 7.10%


Index: S&P 500 Index 21.83% 15.79% 8.50%

15

8



F8



Expenses

G: Gross; N: Net


as of 12/31/2017

As % Per $1000 1Yr. 5Yr.

10yr. or

Since

Inception

Multi-Asset/Other


0.42% N

$4.20 G

$4.20 N

22.61% 12.62% 7.11%


Index: S&P 500 Index 21.83% 15.79% 8.50%


0.42% N

$4.20 G

$4.20 N

22.63% 12.60% 11.66%


Index: S&P 500 Index 21.83% 15.79% 14.41%

The following table focuses on investment options that have a fixed or stated rate of return and shows the annual rate of return, the

term or length of time that you will earn this rate of return, and other information relevant to performance. (If you are already an

investor in such option, please note that personalized rates of return for certain investments are shown on your benefit statements.)

The fixed interest rate is net of any expenses and an annual operating expense ratio is not separately shown.

Comparative Investment Chart - Table 2 Fixed Options

Fund Name/ Type of Option Return / Credited Rate Term Other

NYL Guaranteed Interest Account

Stable Value

1.95% 01/01/2018 - 06/30/2018 Pre-declared rate of return applicable during

the stated term. The rate of return will not

be less than the minimum guaranteed

interest rate, which is determined by a

formula, but will never be less than 1%.

Interest rate information is available at the

participant website, which is indicated on the

first page, and on your quarterly statement.

Shareholder Type Fees: 5% annual corridor limit on participant withdrawals that are a result of an employer-initiated event. No direct transfers are

permitted to competing options such as money market funds or short term bond funds. Any amounts transferred out must first transfer to

non-competing options for at least 90 days before transferring to a competing option. Transfers may be made back to this fund at any time.

15

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