401k Plan data: VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES plan

VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 401k Plan overview

Plan Name	VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES
Plan identification number	002

VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES Benefits

401k Plan Type

Defined Contribution Pension

Plan Features/Benefits

Profit-sharing
ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
Participant-directed brokerage accounts provided as an investment option under the plan.
Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.

401k Sponsoring company profile

VERSO PAPER HOLDINGS LLC has sponsored the creation of one or more 401k plans.

Company Name: VERSO PAPER HOLDINGS LLC

Employer identification number (EIN): 562597634

NAIC Classification: 322100

Additional information about VERSO PAPER HOLDINGS LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations

Incorporation Date:

Company Identification Number: 4170453

More information about VERSO PAPER HOLDINGS LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
002 2011-01-01 KENNY SAWYER
002 2009-01-01 RICARDO MONCADA

Plan id#	Filing Submission Date	Name of Administrator	Date Administrator Signed	Name of Company Sponsor	Date Sponsor Signed
002	2011-01-01	KENNY SAWYER
002	2009-01-01	RICARDO MONCADA

Plan Statistics for VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

401k plan membership statisitcs for VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Measure Date Value
2011: VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2011 401k membership
Total participants, beginning-of-year 2011-01-01 1,119
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 918
Number of retired or separated participants receiving benefits 2011-01-01 1
Number of other retired or separated participants entitled to future benefits 2011-01-01 262
Total of all active and inactive participants 2011-01-01 1,181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 5
Total participants 2011-01-01 1,186
Number of participants with account balances 2011-01-01 1,034
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 9
2009: VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2009 401k membership
Total participants, beginning-of-year 2009-01-01 1,164
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 999
Number of retired or separated participants receiving benefits 2009-01-01 1
Number of other retired or separated participants entitled to future benefits 2009-01-01 58
Total of all active and inactive participants 2009-01-01 1,058
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 6
Total participants 2009-01-01 1,064
Number of participants with account balances 2009-01-01 1,045
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 3

Measure	Date	Value
2011: VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2011 401k membership
Total participants, beginning-of-year	2011-01-01	1,119
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	918
Number of retired or separated participants receiving benefits	2011-01-01	1
Number of other retired or separated participants entitled to future benefits	2011-01-01	262
Total of all active and inactive participants	2011-01-01	1,181
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	5
Total participants	2011-01-01	1,186
Number of participants with account balances	2011-01-01	1,034
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	9
2009: VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2009 401k membership
Total participants, beginning-of-year	2009-01-01	1,164
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	999
Number of retired or separated participants receiving benefits	2009-01-01	1
Number of other retired or separated participants entitled to future benefits	2009-01-01	58
Total of all active and inactive participants	2009-01-01	1,058
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	6
Total participants	2009-01-01	1,064
Number of participants with account balances	2009-01-01	1,045
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	3

Financial Data on VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

Measure	Date	Value
2011 : VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-207,771
Total unrealized appreciation/depreciation of assets	2011-12-31	$-207,771
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$0
Total income from all sources (including contributions)	2011-12-31	$7,677,085
Total loss/gain on sale of assets	2011-12-31	$-84,249
Total of all expenses incurred	2011-12-31	$5,481,816
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$5,433,007
Expenses. Certain deemed distributions of participant loans	2011-12-31	$20,438
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$9,102,500
Value of total assets at end of year	2011-12-31	$53,829,803
Value of total assets at beginning of year	2011-12-31	$51,634,534
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$28,371
Total interest from all sources	2011-12-31	$125,677
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$1,661,103
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2011-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2011-12-31	$1,651,899
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2011-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2011-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2011-12-31	No
Contributions received from participants	2011-12-31	$6,377,499
Participant contributions at end of year	2011-12-31	$2,066,939
Participant contributions at beginning of year	2011-12-31	$1,964,897
Assets. Other investments not covered elsewhere at end of year	2011-12-31	$-943
Assets. Other investments not covered elsewhere at beginning of year	2011-12-31	$0
Income. Received or receivable in cash from other sources (including rollovers)	2011-12-31	$727,928
Administrative expenses (other) incurred	2011-12-31	$22,575
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Value of net income/loss	2011-12-31	$2,195,269
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$53,829,803
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$51,634,534
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2011-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2011-12-31	No
Were any leases to which the plan was party in default or uncollectible	2011-12-31	No
Investment advisory and management fees	2011-12-31	$5,796
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$47,061,760
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2011-12-31	$46,213,394
Interest on participant loans	2011-12-31	$125,254
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2011-12-31	$4,162,729
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2011-12-31	$2,575,786
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2011-12-31	$2,575,786
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2011-12-31	$423
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2011-12-31	$-2,920,175
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	No
Was there a failure to transmit to the plan any participant contributions	2011-12-31	No
Has the plan failed to provide any benefit when due under the plan	2011-12-31	No
Contributions received in cash from employer	2011-12-31	$1,997,073
Income. Dividends from preferred stock	2011-12-31	$299
Income. Dividends from common stock	2011-12-31	$8,905
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$5,433,007
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2011-12-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2011-12-31	$539,318
Assets. Corporate common stocks other than exployer securities at beginning of year	2011-12-31	$880,457
Did the plan have assets held for investment	2011-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2011-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2011-12-31	No
Aggregate proceeds on sale of assets	2011-12-31	$2,042,271
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$2,126,520
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2011-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2011-12-31	Disclaimer
Accountancy firm name	2011-12-31	MAYER HOFFMAN MCCANN P.C.
Accountancy firm EIN	2011-12-31	431947695
2010 : VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2010 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2010-12-31	$88,889
Total unrealized appreciation/depreciation of assets	2010-12-31	$88,889
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$0
Total income from all sources (including contributions)	2010-12-31	$13,757,059
Total loss/gain on sale of assets	2010-12-31	$2,912
Total of all expenses incurred	2010-12-31	$3,366,830
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$3,315,486
Expenses. Certain deemed distributions of participant loans	2010-12-31	$27,163
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$8,300,311
Value of total assets at end of year	2010-12-31	$51,634,534
Value of total assets at beginning of year	2010-12-31	$41,244,305
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$24,181
Total interest from all sources	2010-12-31	$116,206
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$1,100,852
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Total dividends received from registered investment company shares (eg mutual funds)	2010-12-31	$1,092,887
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$5,000,000
If this is an individual account plan, was there a blackout period	2010-12-31	No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2010-12-31	$0
Were there any nonexempt tranactions with any party-in-interest	2010-12-31	No
Contributions received from participants	2010-12-31	$6,152,690
Participant contributions at end of year	2010-12-31	$1,964,897
Participant contributions at beginning of year	2010-12-31	$1,741,786
Income. Received or receivable in cash from other sources (including rollovers)	2010-12-31	$166,735
Administrative expenses (other) incurred	2010-12-31	$22,868
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Value of net income/loss	2010-12-31	$10,390,229
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$51,634,534
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$41,244,305
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)	2010-12-31	No
Were any loans by the plan or fixed income obligations due to the plan in default	2010-12-31	No
Were any leases to which the plan was party in default or uncollectible	2010-12-31	No
Investment advisory and management fees	2010-12-31	$1,313
Value of interest in registered invesment companies (eg mutual funds) at end of year	2010-12-31	$46,213,394
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$36,542,215
Interest on participant loans	2010-12-31	$115,425
Value of interest bearing cash (including money market accounts and certificates of deposits) at end of year	2010-12-31	$2,575,786
Interest-bearing cash (include money market accounts & certificates of deposit) at beginning of the Year	2010-12-31	$2,562,787
Value of interest bearing cash (including money market accounts and certificates of deposits) at beginning of year	2010-12-31	$2,562,787
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)	2010-12-31	$781
Net investment gain/loss from registered investment companies (e.g. mutual funds)	2010-12-31	$4,147,889
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2010-12-31	No
Was there a failure to transmit to the plan any participant contributions	2010-12-31	No
Has the plan failed to provide any benefit when due under the plan	2010-12-31	No
Contributions received in cash from employer	2010-12-31	$1,980,886
Income. Dividends from common stock	2010-12-31	$7,965
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$3,315,486
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-3	2010-12-31	No
Assets. Corporate common stocks other than exployer securities at end of year	2010-12-31	$880,457
Assets. Corporate common stocks other than exployer securities at beginning of year	2010-12-31	$397,517
Did the plan have assets held for investment	2010-12-31	Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser	2010-12-31	No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC	2010-12-31	No
Aggregate proceeds on sale of assets	2010-12-31	$1,270,266
Aggregate carrying amount (costs) on sale of assets	2010-12-31	$1,267,354
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)	2010-12-31	Yes
Opinion of an independent qualified public accountant for this plan	2010-12-31	Disclaimer
Accountancy firm name	2010-12-31	THOMPSON DUNAVANT
Accountancy firm EIN	2010-12-31	621701403
2009 : VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES 2009 401k financial data
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities	2009-12-31	$0

Form 5500 Responses for VERSO PAPER RETIREMENT SAVINGS PLAN FOR UNION EMPLOYEES

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

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Company Name:	VERSO PAPER HOLDINGS LLC
Employer identification number (EIN):	562597634
NAIC Classification:	322100

Jurisdiction of Incorporation:	State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number:	4170453