2014 Benefits

1. 2014 Benefits

2. Disclaimer • This document is intended to be a high-level overview. The terms and conditions of the benefits described are determined solely by the summary plan descriptions (SPDs) or plan documents and summaries of material modifications of the Dresser-Rand Company Welfare Plan, Pension Plan for Employees of Dresser-Rand Company and the Dresser-Rand Company Retirement Savings Plan. In the event of any inconsistent provisions, the language of the plan documents applies. • As in the past, the Company reserves to itself, pursuant to its sole and exclusive discretion, the right to change, amend or terminate this Plan according to the terms of the applicable plan documents and subject to any collective bargaining agreements. • Benefits described herein may not automatically apply to employees at all locations or employees covered under a labor agreement. • Plan is subject to nondiscrimination rules that may reduce or limit the tax advantages of the plan for certain employees.

3. 2014 Benefits Enrollment Dresser-Rand Benefits Enrollment • Benefits website: www.dresser-rand.com/benefits • Review benefits information on website • Access online enrollment system by selecting: • Call BenefitsPlus call center to enroll 866-787-6312

4. Overview Dresser-Rand Health & Welfare Benefits • Health • Medical/Prescription • Wellness • Dental • Vision • Health Savings Account (HSA) • Flexible Spending Accounts (FSAs) • Employee Assistance Program (EAP) • Income Protection • Basic Life and AD&D • Optional Life • Voluntary AD&D • Business Travel Benefits • Voluntary Group Legal • Disability • Retirement Savings Plan • Vacation Purchase Plan

5. EligibilityHealth & Income Protection • Full-time employees working over 35 hours per week AND Part-time employees working over 20 hours per week are eligible for all benefits

6. Eligible Dependents Who can you cover? • Your legal spouse (opposite- or same-sex) • Your dependent children (biological, adopted or step-children) until the end of the month they attain age 26 (marital, student or employment status does not apply) • Your children age 26 or older who are certified byBlueCross to be disabled due to mental or physical disability and who are dependent on you for financial support (the disability must be certified prior to age 26) NOTE: If both you and your spouse work for Dresser-Rand, the plan does not allow “double coverage”. Only one of you may choose coverage for your eligible children. And if you choose an enrollment category that covers your spouse, your spouse will not be eligible to also choose duplicate coverage under any Company-sponsored Plan or program.

7. Medical Benefit Choices Medical Options • MedicalPlus - A Consumer Directed Health Plan with a Preferred Provider network • PPO – Preferred Provider Option

8. MedicalPlus MedicalPlus utilizes a PPO network of providers • Choice of physicians and hospitals • BlueCross BlueShield offers the largest PPO network in the United States • Higher level of benefits using BCBS network providers • No claim forms to file when using network providers • Lower claim costs through negotiated network • Prescription Coverage through Prime Therapeutics • Health Savings Account contribution

9. MedicalPlus In-Network Benefits • $2,500 Individual or $5,000 Family Deductible (combined medical and prescription claims) • 10% Coinsurance (Plan pays 90%) • 90-day supply of maintenance medication may be purchased through Prime Mail OR at a participating local Retail Pharmacy • Annual Out-of-Pocket Maximum(including deductible) • $3,000 individual or $6,000 family • Wellness Benefits and Well Baby Benefits (100% coverage, deductible does not apply, no maximum)

10. MedicalPlus Out-of-Network Benefits • $3,000 Individual or $6,000 Family Deductible (combined medical and prescription claims) • 30% Coinsurance Medical (Plan pays 70%) • 35% Coinsurance Rx (Plan pays 65%) • Annual Out-of-Pocket Maximum (including deductible) • $5,000 individual or $10,000 family • No Wellness Benefits • “Reasonable & Customary” applies

11. MedicalPlusHealth Savings Account Health Savings Account (HSA) • Tax-free spending account for qualified medical/ prescription drug, dental, vision, health club membership (with a doctor’s certification), and exercise equipment (with a doctor’s certification) • Access funds using a debit card or checkbook • Gives you more control of money spent on health care • Dresser-Rand will contribute to every participant’s HSA (FSA if Medicare eligible) • Employees can make additional tax-advantaged HSA contributions through payroll deduction (Up to IRS Limits) • Over-the-counter medication is not reimbursable unless there is a doctor’s prescription for it • Contributions are not “use-it or lose-it”!

12. MedicalPlusHealth Savings Account 2014 Dresser-Rand Annual Contribution* Employee Only $1,000 Employee + 1 $1,500 Family $2,000 *Company contributions deposited up front; prorated based on portion of calendar year remaining.

13. MedicalPlusHealth Savings Account 2014 Optional Employee Contributions Employee Only Up to an additional $2,300 ($3,300 if 55 Years Old by 12-31-2014) Employee + 1 Up to an additional $5,050 ($6,050 if 55 Years Old by 12-31-2014) Family Up to an additional $4,550 ($5,550 if 55 Years Old by 12-31-2014)

14. MedicalPlusHealth Savings Account Further HSA information: • Account must be activated – watch your mail for information from ACS/Mellon (aka “BenefitWallet”) • Monthly fee of $2.25 for accounts with balances under $3,000 (fee taken from account) • Electronic statements are encouraged - $0.75 monthly fee for paper statements • Once you have accumulated a balance of $1,500 or more, you can transfer excess balance into one of the Dreyfus mutual fund investment options • You can visit www.HSAmember.com for more information

15. PPOBlueCross BlueShield of Illinois PPO utilizes same network as MedicalPlus • Choice of physicians and hospitals • BlueCross BlueShield offers the largest PPO network in the United States • Higher level of benefits using BCBS network providers • No claim forms to file when using network providers • Lower claim costs through negotiated network • Prescription Coverage through Prime Therapeutics • No HSA Contribution

16. PPOBlueCross BlueShield of Illinois In-Network Benefits • $300 Individual or $700 Family Deductible • 20% Coinsurance (Plan pays 80%) • Annual Out-of-Pocket Maximum (including deductible) • $2,000 individual or $4,000 family • Wellness Benefits and Well Baby Benefits (100% coverage, deductible does not apply, no maximum)

17. PPOBlueCross BlueShield of Illinois Out-of-Network Benefits • $600 Individual or $1,400 Family Deductible • 40% Coinsurance (Plan pays 60%) • Annual Out-of-Pocket Maximum • $4,000 individual or $8,000 family (excluding out of network drugs) • No Wellness Benefits • “Reasonable & Customary” applies

18. PPO – PrescriptionsPrime Therapeutics In-Network Benefits • No Deductible • Retail Benefit (up to a 30-day supply) • $10 co-payment for Generic Prescriptions • 35% Coinsurance for Brand Prescriptions (Plan pays 65%) • Per prescription maximum cost of $150 • Mail Order Benefit (up to a 90-day supply) • $20 co-payment for Generic Prescriptions • 25% Coinsurance for Brand Prescriptions (Plan pays 75%) • Per prescription maximum cost of $300 • 90-day supply of maintenance medication may also be purchased at a participating local Retail Pharmacy at the same Coinsurance as the Mail Order • Annual Out-of-Pocket Limit $1,250 individual or $2,500 family

19. PPO – PrescriptionsPrime Therapeutics Out-of-Network Benefits • You pay the full, undiscounted cost at the pharmacy and must submit a paper claim form • You are eligible for up to 65% reimbursement • No prescription drug out-of-pocket maximum

20. MedicalEmployee Contributions 2014 Monthly Employee Contributions MedicalPlus • Employee Only $ 69.35 • Employee + 1 $109.20 • Family $148.50 PPO • Employee Only $142.10 • Employee + 1 $254.20 • Family $366.30 PART-TIME EMPLOYEES: If you are a part-time employee scheduled to work at least 20 hours but less than 35 hours per week you are eligible for medical coverage at 150% of the monthly contribution rates stated here for full-time employees.

21. Wellness ProgramBlue Care Connection • Well onTarget • 24/7 Nurseline • Special Beginnings • Blue Care Advisors • Case Management

22. Wellness ProgramBlue Care Connection • Well onTarget • Liveon Member Wellness Portal • Onmytime Self-directed Courses • Health and Wellness Library • Tools and Trackers • Onmyway Health Assessment (HA) • Questions to help you learn more about you and your health • Life Points Program Completely voluntary and confidential

23. Wellness ProgramBlue Care Connection • Fitness Program • No long-term contract required • Membership is month to month • Monthly fees are $25 per member per month • More than 8,000 participating gyms • Earn bonus Life Points for joining

24. Wellness ProgramBlue Care Connection • Nurse Line • Provides immediate telephone access to registered nurses for health care information, advice and medical guidance for you and your family. • Available 24/7 • Answer your questions about symptoms and health-related topics • Help you decide how and where to get the care you need • Help you determine what questions to ask your doctor before an appointment. • Not a substitute for your regular physician, health care specialist or routine preventive exams. In the event of a medical emergency, seek immediate medical attention from the nearest emergency facility or call 911. Completely voluntary and confidential

25. Wellness ProgramBlue Care Connection • Health Assessment • Online questionnaire that evaluates your health and gives you a detailed, confidential report with action steps to help you improve your health. • You will need to enter your personal biometric data • Blood pressure • Cholesterol and blood glucose levels • Body mass index Completely voluntary and confidential

26. Wellness ProgramBCBS Illinois • Special Beginnings • Offers support for expectant mothers • Helps you understand the active role you can take to give your baby the greatest chance of being born strong and healthy by providing: • Support & education • Pregnancy risk factor identification • Personal contact from program staff • The first step is to call Special Beginnings at 888-421-7781 Completely voluntary and confidential

27. DentalBlueCross BlueShield Illinois Deductible • Preventive Services None • Basic, Major & Orthodontic $25 individual/$75 family Coinsurance • Preventive Services 100% • Basic Services 80% • Major Services 50% • Orthodontic Services 50% Maximum Coverage • Dentistry $1,500 per person annual • Orthodontics* $1,500 lifetime maximum Preventive Services DO NOT count toward annual maximum * Note: Orthodontic coverage provided for eligible dependent children up to age 19

28. DentalBlueCross BlueShield Illinois Preventive Services • Oral examinations • Routine scaling and polishing • Routine bitewing x-rays • Fluoride treatments (children through age 18) • Sealants (children through age 15) Basic Services • Fillings and Extractions • Stainless steel crowns • Relining of dentures • Repair of crowns, bridges, and removable dentures Major and Restorative Services • Inlays, onlays, and crowns (other than temporary crowns or stainless steel) • Full mouth rehabilitation Preventive Services DO NOT count toward annual maximum

29. DentalEmployee Contributions 2014 Monthly Employee Contributions • Employee Only $25.30 • Employee + 1 $51.65 • Family $76.95

30. VisionVSP Voluntary Vision Program • Benefits provided by Vision Service Plan (VSP) – Largest vision care provider in the US with over 50 years experience • Premium Plan provides vision benefits each year • 2 pairs of frames and lenses; or • 1 pair of frames and lenses and contacts lenses • Basic Plan provides vision benefits • 1 pair of lenses OR supply of contact lenses each year • 1 set of frames every 24 months • Provider network includes Costco and Eye Masters

31. VisionVSP Voluntary Vision Program In-Network Benefits • $10 co-payment for vision exams • $150 allowance for eyeglass frames • $10 co-payment for eyeglass lenses • Progressive & photochromic lenses & tints covered in full (Premium Plan only, not covered in Basic Plan) • $150 allowance for daily wear contact lenses

32. VisionVSP Voluntary Vision Program Out-of-Network Benefits • Up to $45 for vision exams • Up to $70 for eyeglass frames • Up to $30 for single vision eyeglass lenses • Up to $50 for lined bifocal eyeglass lenses • Up to $65 for lined trifocal eyeglass lenses • Up to $100 for lenticular eyeglass lenses • Up to $105 for daily wear contact lenses

33. VisionEmployee Contributions 2014 Monthly Employee Contributions

34. Maintenance of Benefits • If you or your dependents are covered under more than one medical or dental plan • Plans work together to coordinate benefits • BCBS will maintain the level of benefit based on the plan you choose • The allowable expense is limited to the amount the BCBS plan would have paid if there were no other medical or dental benefit coverage in effect • This is called Maintenance of Benefits

35. Flexible Spending Accounts (FSA) • Full Use Healthcare Flexible Spending Account(for PPO Enrollees) • Limited Use Healthcare Flexible Spending Account – dental & vision expenses only (for MedicalPlus Enrollees) • Dependent Care Flexible Spending Account – daycare expenses only Important Reminder: These are “USE IT or LOSE IT” plans

36. Full Use Healthcare FSA(PPO Participants) • Use tax-freecontributions to pay for medically necessary, non-covered medical, prescription drug, dental and vision care expenses: • All healthcare deductibles and coinsurance amounts • Eyeglasses, contact lenses • Health club membership (with a doctor’s note) • Exercise equipment (with a doctor’s note) • You may contribute from $100 to $2,500 per year • Debit card to access account • Paper claims will be required for claims not submitted using debit card or the online claims submission process • Cannot be used with an HSA Important Reminders: This is a “USE IT or LOSE IT” plan Over-the-counter medicine must have a doctor’s prescription in order to qualify for reimbursement.

37. Limited Use Healthcare FSAFor HSA Participants • Limited Use FSA coordinated with HSA • Use tax-free contributions to pay for non-covered health (dental and vision) expenses: • Dental and vision deductibles, coinsurance amounts and other expenses • NO medical/prescription drug expenses covered by the Plan are allowed (must use your HSA) • You may contribute from $100 to $2,500 per year • Debit card to access account • Paper claims will be required for claims not submitted using debit card or the online claims submission process Important Reminder: This is a “USE IT or LOSE IT” plan

38. Dependent Care FSA • Use tax-freecontributions to pay for day care expenses for: • Children (up to age 13) • Elderly parents • Not for your dependent’s non-covered healthcare! • If married, both you and your spouse must work outside the home • You may contribute from $100 to $5,000 per year* • You can elect direct deposit for your reimbursements * Employees classified as Highly Compensated will be limited to $2,000 per year. Important Reminder: This is a “USE IT or LOSE IT” plan

39. Employee Assistance Program • Company-provided benefit • Free confidential counseling for employees & dependents Depression and anxiety* Stress* Relationships* Work/life balance* Addictions and abuse* Financial services Legal consultation Grief and loss* * Up to 8 company-paid sessions, per issue, per year, per family member

40. Life Benefits • Dresser-Rand provides employees with: • $50,000 of Basic Life Insurance • $50,000 of Basic AD&D • Employees can purchase additional: • Optional Life Insurance for self & dependents • Voluntary AD&D Insurance for self & dependents

41. Optional Life InsuranceEmployee • Employee Optional Life • $25,000 increments, up to $500,000 • Evidence of Insurability (EOI) required for amounts elected over $250,000 • EOI required for increases after initial election

42. Optional Life InsuranceDependents • Spouse Life • $25,000 increments, up to $250,000 or 50% of employee amount, (combined Basic and Optional) whichever is less • Employee must elect Optional Life in order to elect Spouse Life • Evidence of Insurability (EOI) required for amounts elected over $25,000 • Spouse coverage ends at age 70 • Child(ren) Life • If elected, each child will have $10,000 of Life Insurance • Employee must elect Optional Life in order to elect Child Life • $1.30 per month

43. Optional Life InsuranceRates • Employee and Spouse Rates are Based on • Age • Tobacco or Non-Tobacco use status • Tobacco products include cigarettes, pipes, cigars, snuff and chewing tobacco • Rate sheet will be included in enrollment packets and are available on the Dresser-Rand benefits website: (www.dresser-rand.com/benefits)

44. Employee & Spouse Optional LifeMonthly rate per $1,000 of coverage

45. Voluntary AD&D InsuranceEmployee or Family Can elect Employee or Family coverage • Employee • $25,000 increments, up to $500,000 • Family (Benefit based on Family members) • Spouse only • 60% of employee coverage • Child(ren) only • Each child, 15% of employee coverage • Spouse and Child(ren) • Spouse, 50% of employee coverage • Each child, 10% of employee coverage

46. Voluntary AD&D InsuranceEmployee or Family 2014 Monthly Employee Contribution • Employee only $.025 per $1,000 of coverage • Family $.040 per $1,000 of coverage

47. Legal Benefits • Voluntary • Access to a network of over 10,000 attorneys • Services include: • Document Preparation • Family Law • Real Estate Matters • Wills and Estate Planning • Traffic Matters • Employee cost = $15.75 per month • Access @ www.legalplans.com

48. Disability Benefits • Short-Term Disability (pay continuation) • Long-Term Disability

49. Short-Term Disability(Pay Continuation) • Dresser-Rand provides you with replacement income if you are determined to be disabled for a non work-related injury or illness. • 12 weeks at 100% of base pay (40 hrs / wk) • 14 weeks at 60% of base pay (40 hrs / wk)

50. Long-Term Disability • If you remain totally disabled after the STD period expires (26 weeks), you may be eligible for coverage in the LTD program • LTD Benefit includes: • A monthly basic benefit equal to 40% of your Dresser-Rand base earnings • The premium amount Dresser-Rand pays will be taxed on your pay check • Employees eligible to continue fringe benefits for 36 months at current active rate • Employees are administratively terminated upon transition to LTD