401k Plan data: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES plan

VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 401k Plan overview

Plan Name	VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES
Plan identification number	003

VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES Benefits

401k Plan Type	Defined Benefit Pension
Plan Features/Benefits	Benefits are primarily flat dollar (includes dollars per year of service) Covered by PBGC - Plan is covered under the PBGC insurance program (see ERISA section 4021).

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 CORP. PENSION PLAN FOR HOURLY EMPLOYEES

Plan id# Filing Submission Date Name of Administrator Date Administrator Signed Name of Company Sponsor Date Sponsor Signed
003 2011-01-01 KENNY SAWYER
003 2010-01-01 KENNY SAWYER
003 2009-01-01 RICARDO MONCADA

Plan id#	Filing Submission Date	Name of Administrator
003	2011-01-01	KENNY SAWYER
003	2010-01-01	KENNY SAWYER
003	2009-01-01	RICARDO MONCADA

Plan Statistics for VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES

401k plan membership statisitcs for VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES

Measure Date Value
2011: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2011 401k membership
Total participants, beginning-of-year 2011-01-01 2,001
Total number of active participants reported on line 7a of the Form 5500 2011-01-01 752
Number of retired or separated participants receiving benefits 2011-01-01 245
Number of other retired or separated participants entitled to future benefits 2011-01-01 142
Total of all active and inactive participants 2011-01-01 1,139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2011-01-01 8
Total participants 2011-01-01 1,147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2011-01-01 7
2010: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2010 401k membership
Total participants, beginning-of-year 2010-01-01 1,965
Total number of active participants reported on line 7a of the Form 5500 2010-01-01 1,699
Number of retired or separated participants receiving benefits 2010-01-01 215
Number of other retired or separated participants entitled to future benefits 2010-01-01 76
Total of all active and inactive participants 2010-01-01 1,990
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2010-01-01 11
Total participants 2010-01-01 2,001
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2010-01-01 7
2009: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2009 401k membership
Total participants, beginning-of-year 2009-01-01 1,944
Total number of active participants reported on line 7a of the Form 5500 2009-01-01 1,725
Number of retired or separated participants receiving benefits 2009-01-01 163
Number of other retired or separated participants entitled to future benefits 2009-01-01 68
Total of all active and inactive participants 2009-01-01 1,956
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits 2009-01-01 9
Total participants 2009-01-01 1,965
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested 2009-01-01 9

Measure	Date	Value
2011: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2011 401k membership
Total participants, beginning-of-year	2011-01-01	2,001
Total number of active participants reported on line 7a of the Form 5500	2011-01-01	752
Number of retired or separated participants receiving benefits	2011-01-01	245
Number of other retired or separated participants entitled to future benefits	2011-01-01	142
Total of all active and inactive participants	2011-01-01	1,139
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2011-01-01	8
Total participants	2011-01-01	1,147
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2011-01-01	7
2010: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2010 401k membership
Total participants, beginning-of-year	2010-01-01	1,965
Total number of active participants reported on line 7a of the Form 5500	2010-01-01	1,699
Number of retired or separated participants receiving benefits	2010-01-01	215
Number of other retired or separated participants entitled to future benefits	2010-01-01	76
Total of all active and inactive participants	2010-01-01	1,990
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2010-01-01	11
Total participants	2010-01-01	2,001
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2010-01-01	7
2009: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2009 401k membership
Total participants, beginning-of-year	2009-01-01	1,944
Total number of active participants reported on line 7a of the Form 5500	2009-01-01	1,725
Number of retired or separated participants receiving benefits	2009-01-01	163
Number of other retired or separated participants entitled to future benefits	2009-01-01	68
Total of all active and inactive participants	2009-01-01	1,956
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits	2009-01-01	9
Total participants	2009-01-01	1,965
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested	2009-01-01	9

Financial Data on VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES

Measure	Date	Value
2011 : VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2011 401k financial data
Unrealized appreciation/depreciation of other (non real estate) assets	2011-12-31	$-3,544
Total unrealized appreciation/depreciation of assets	2011-12-31	$-3,544
Total transfer of assets from this plan	2011-12-31	$14,966,826
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$1,114,662
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2011-12-31	$33,970
Total income from all sources (including contributions)	2011-12-31	$9,751,812
Total loss/gain on sale of assets	2011-12-31	$-108,455
Total of all expenses incurred	2011-12-31	$1,142,447
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2011-12-31	$638,985
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2011-12-31	$8,229,302
Value of total assets at end of year	2011-12-31	$28,712,518
Value of total assets at beginning of year	2011-12-31	$33,989,287
Total of administrative expenses incurred including professional, contract, advisory and management fees	2011-12-31	$503,462
Total dividends received (eg from common stock, registered investment company shares)	2011-12-31	$672,034
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	$672,034
Administrative expenses professional fees incurred	2011-12-31	$46,665
Was this plan covered by a fidelity bond	2011-12-31	Yes
Value of fidelity bond cover	2011-12-31	$5,000,000
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
Value of other receiveables (less allowance for doubtful accounts) at end of year	2011-12-31	$63,684
Value of other receiveables (less allowance for doubtful accounts) at beginning of year	2011-12-31	$54,990
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year	2011-12-31	$1,114,662
Other income not declared elsewhere	2011-12-31	$24,019
Administrative expenses (other) incurred	2011-12-31	$121,754
Liabilities. Value of operating payables at beginning of year	2011-12-31	$33,970
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	$8,609,365
Value of net assets at end of year (total assets less liabilities)	2011-12-31	$27,597,856
Value of net assets at beginning of year (total assets less liabilities)	2011-12-31	$33,955,317
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	$335,043
Value of interest in registered invesment companies (eg mutual funds) at end of year	2011-12-31	$24,086,807
Value of interest in pooled separate accounts at beginning of year	2011-12-31	$28,106,660
Value of funds held in insurance company general accounts (unallocated contracts) at beginning of year	2011-12-31	$1,151,721
Net investment gain/loss from pooled separate accounts	2011-12-31	$938,456
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets	2011-12-31	Yes
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	$8,229,302
Employer contributions (assets) at end of year	2011-12-31	$4,562,027
Employer contributions (assets) at beginning of year	2011-12-31	$4,675,916
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2011-12-31	$638,985
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	$25,246,325
Aggregate carrying amount (costs) on sale of assets	2011-12-31	$25,354,780
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 CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2010 401k financial data
Total unrealized appreciation/depreciation of assets	2010-12-31	$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$33,970
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)	2010-12-31	$11,290
Total income from all sources (including contributions)	2010-12-31	$12,280,521
Total loss/gain on sale of assets	2010-12-31	$0
Total of all expenses incurred	2010-12-31	$1,300,297
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others	2010-12-31	$605,466
Total contributions o plan (from employers,participants, others, non cash contrinutions)	2010-12-31	$9,131,531
Value of total assets at end of year	2010-12-31	$33,989,287
Value of total assets at beginning of year	2010-12-31	$22,986,383
Total of administrative expenses incurred including professional, contract, advisory and management fees	2010-12-31	$694,831
Total interest from all sources	2010-12-31	$0
Total dividends received (eg from common stock, registered investment company shares)	2010-12-31	$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year	2010-12-31	No
Administrative expenses professional fees incurred	2010-12-31	$11,169
Was this plan covered by a fidelity bond	2010-12-31	Yes
Value of fidelity bond cover	2010-12-31	$5,000,000
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
Value of other receiveables (less allowance for doubtful accounts) at end of year	2010-12-31	$54,990
Other income not declared elsewhere	2010-12-31	$40,674
Administrative expenses (other) incurred	2010-12-31	$190,266
Liabilities. Value of operating payables at end of year	2010-12-31	$33,970
Liabilities. Value of operating payables at beginning of year	2010-12-31	$11,290
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	$10,980,224
Value of net assets at end of year (total assets less liabilities)	2010-12-31	$33,955,317
Value of net assets at beginning of year (total assets less liabilities)	2010-12-31	$22,975,093
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	$493,396
Value of interest in registered invesment companies (eg mutual funds) at beginning of year	2010-12-31	$1,027,448
Value of interest in pooled separate accounts at end of year	2010-12-31	$28,106,660
Value of interest in pooled separate accounts at beginning of year	2010-12-31	$21,485,738
Value of funds held in insurance company general accounts (unallocated contracts) at end of year	2010-12-31	$1,151,721
Net investment gain/loss from pooled separate accounts	2010-12-31	$3,108,316
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	$9,131,531
Employer contributions (assets) at end of year	2010-12-31	$4,675,916
Employer contributions (assets) at beginning of year	2010-12-31	$473,197
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers	2010-12-31	$605,466
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
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 PLC
Accountancy firm EIN	2010-12-31	621701403
2009 : VERSO PAPER CORP. PENSION PLAN FOR HOURLY 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 CORP. PENSION PLAN FOR HOURLY EMPLOYEES

2011: VERSO PAPER CORP. PENSION PLAN FOR HOURLY 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	No
2011-01-01	Plan funding arrangement – Insurance	Yes
2011-01-01	Plan funding arrangement – Trust	Yes
2011-01-01	Plan benefit arrangement – Insurance	Yes
2011-01-01	Plan benefit arrangement - Trust	Yes
2010: VERSO PAPER CORP. PENSION PLAN FOR HOURLY EMPLOYEES 2010 form 5500 responses
2010-01-01	Type of plan entity	Single employer plan
2010-01-01	Submission has been amended	No
2010-01-01	This submission is the final filing	No
2010-01-01	This return/report is a short plan year return/report (less than 12 months)	No
2010-01-01	Plan is a collectively bargained plan	No
2010-01-01	Plan funding arrangement – Insurance	Yes
2010-01-01	Plan funding arrangement – Trust	Yes
2010-01-01	Plan benefit arrangement – Insurance	Yes
2010-01-01	Plan benefit arrangement - Trust	Yes
2009: VERSO PAPER CORP. PENSION PLAN FOR HOURLY 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	No
2009-01-01	Plan funding arrangement – Insurance	Yes
2009-01-01	Plan funding arrangement – Trust	Yes
2009-01-01	Plan benefit arrangement – Insurance	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