Your Retirement Experience. - Empower

Important notice concerning your rights in the: Rite Aid 401(k) Plan Rite Aid Corporation 401(k) Plan for CollectivelyBargained Associates Thrifty Payless, Inc. 401(k) Retirement Savings Plan forCollective Bargaining PharmacistsJuly 26, 2019This notice is to inform you that your account in the Rite Aid 401(k) Plan , Rite Aid Corporation 401(k)Plan for Collectively Bargained Associates or the Thrifty Payless, Inc. 401(k) Retirement Savings Planfor Collective Bargaining Pharmacists will transfer to Empower Retirement effectiveSeptember 3, 2019.As a result of this change, you will be temporarily unable toBefore the blackout period begins, it is very important thatcheck your account balance; transfer or diversify youryou review and consider the appropriateness of yourinvestments or obtain a loan, withdrawal or distribution.current investments because you will be unable to transferThis period during which you will be unable to exerciseor diversify those investments during the blackout period.these rights otherwise available under the plan is called aFor your long-term retirement security, you should giveblackout period. Whether or not you are planningcareful consideration to the importance of a well-balancedretirement in the near future, we encourage you toand diversified investment portfolio, taking into accountcarefully consider how this period may affect yourall your assets, income and investments.retirement planning as well as your overall financial plan.To review your plan account and request any changes toThe temporary blackout period begins at 4 p.m.the account’s investment allocation before the blackoutEastern time on August 28, 2019, and ends the week ofperiod begins, contact Alight at 855-594-6214 or accessSeptember 1, 2019. During this time, you will haveyour account online at ybr.com/riteaid by August 28, 2019.limited or no access to your account. You will be unableOnce the blackout period ends, Empower will notify you,to check your account balance; transfer or diversify yourand you will have full access to your plan account. If youinvestments or obtain a loan, withdrawal or distributionwould like to confirm the status of the blackout period orfrom your Rite Aid 401(k) retirement plan accountif you have questions concerning this notice, contact(if applicable).Empower at 833-300-401K (4015) or riteaid401k.com.7

Carefully consider the investment objectives, risks, fees and expenses of the annuity and/or the investment options.Contact us for a prospectus, a summary prospectus and disclosure document, as available, containing this information.Read them carefully before investing.Securities offered by GWFS Equities, Inc., Member FINRA/SIPC, marketed under the Empower brand. GWFS is affiliated withGreat-West Funds, Inc.; Great-West Trust Company, LLC; and registered investment advisers Advised Assets Group, LLC andGreat-West Capital Management, LLC, marketed under the Great-West Investments brand. This material has been prepared forinformational and educational purposes only and is not intended to provide investment, legal or tax advice.Diversification does not ensure a profit and does not protect against loss in declining markets.Alight is not affiliated with GWFS Equities, Inc. or its parent company or affiliates.Unless otherwise noted: Not a Deposit Not FDIC Insured Not Bank Guaranteed Funds May Lose Value Not Insured by AnyFederal Government Agency 2019 Great-West Life & Annuity Insurance Company. All rights reserved.150527-01-02-03-SOX-26281-1907 RO887140-0719

Notice of Investment Returns & Fee Comparison150527-01 The Rite Aid 401(k) Plan150527-02 Rite Aid Corporation 401(k) Plan for Collectively Bargained Associates150527-03 Thrifty Payless, Inc. 401(k) Retirement Plan for Collective Bargaining Pharmacistswww.riteaid401k.comYour employer-sponsored retirement savings plan (your Plan) allows eligible employees to invest for their retirement.These plans can be valuable in helping participants reach their retirement savings goals. The goal is to build your accountthrough additional contributions and investment returns in your Plan. Fees and expenses related to your Plan can affectthe overall long-term value of your account. The investment options you choose also affect your account. It is importantfor you to have a clear understanding of the investment options available through your Plan and the fees and expensesthat are part of your Plan.This notice includes information to help you understand Plan costs and compare your retirement plan's investmentoptions. It was designed to meet the participant fee disclosure regulations of the United States Department of Labor(DOL).For more information on the Plan's investment options including investment objectives or goals, principal strategies andrisks, portfolio turnover rate, current returns and expenses, please visit the Participant website listed above. This websitealso includes educational information and tools designed to help you with making investment decisions.Additional information on the Plan's investment options is also available on the Participant website which may includeprospectuses or similar documents and fund reports to the extent applicable and fund share/unit valuations.Paper copies of the investment related information available on the Participant website can be obtained at no cost bycontacting Empower Retirement at:Empower RetirementP.O. Box 173764 Denver, CO 80217-3764Participant Call Center: 1-833-300-401KSECTIONDocument Summary1Investment Rate of Return Information - Shows investment return information for your Plan'sinvestment options. It shows past performance and comparisons to the performance of a comparablebenchmark over 1, 5 and 10 year periods or since inception if the investment option's inception date isless than 10 years.2Investment-Related Fees, Expense Information, and Transfer Restrictions - Shows fees andexpenses associated with the investments in your Plan. This section also shows any investmentrestrictions.3Plan-Related Information - Shows your Plan related information and the General AdministrativeServices Expenses and Participant Elected Services Expenses tables. The General AdministrativeServices Expenses table shows non-investment expenses that pay for operating your Plan. TheParticipant Elected Services Expenses table shows expenses for optional services available throughyour Plan that may be charged to your individual account for the services you use.1 – Investment Rate of Return InformationVariable Rate of Return Investments TableThis table looks at the rates of return from investments that increase and decrease in value. The table shows how theseinvestments have performed over time. You can compare each investment option to a benchmark for the same timeperiods. Past performance does not guarantee how the investment option will perform in the future. Your investmentin these options could lose money. In addition to the web addresses listed in the table, more information about theinvestments in your Plan including an investment option’s principal risks is available on the Participant website listed in thetitle.Variable Return InvestmentsAverage Annual Total ReturnInvestment Option1yr.as of 05/31/20195yr.10yr.Since Inception1yr.Benchmark**as of 05/31/20195yr.10yr.Since InceptionAsset AllocationT Rowe Price Retirement2Balanced Tr-C2.98%3.87%N/A4.88%2.39%3.68%N/A*Dow Jones Moderately Conservative Portfowww.troweprice.comDOC TYPE: FEEDSP STDDOC ID: 403445595IND ID:01:060716 IN02 GP34EV ID:Page 1 of 6

Average Annual Total ReturnInvestment Option1yr.T. Rowe Price Retirement22005 Tr-Cas of 05/31/20195yr.10yr.Since Inception1yr.Benchmark**as of 05/31/20195yr.10yr.Since Inception3.65%4.13%N/A5.25%2.92%2.36%N/ADow Jones Target 2010 TR USD*3.30%4.41%N/A5.63%2.92%2.36%N/ADow Jones Target 2010 TR USD*2.97%4.89%N/A6.27%2.97%2.88%N/ADow Jones Target 2015 TR USD*2.44%5.41%N/A6.92%2.98%3.50%N/ADow Jones Target 2020 TR USD*1.93%5.86%N/A7.48%2.37%4.13%N/ADow Jones Target 2025 TR USD*1.48%6.23%N/A7.96%1.54%4.81%N/ADow Jones Target 2030 TR USD*1.04%6.52%N/A8.30%0.62%5.29%N/ADow Jones Target 2035 TR USD*0.73%6.73%N/A8.55%-0.15%5.68%N/ADow Jones Target 2040 TR USD*0.48%6.78%N/A8.60%-0.81%5.91%N/ADow Jones Target 2045 TR USD*0.43%6.77%N/A8.59%-1.19%6.00%N/ADow Jones Target 2050 TR USD*0.43%6.77%N/A8.59%-1.26%6.00%N/ADow Jones Target 2055 TR USD*0.37%N/AN/A6.74%-1.26%N/AN/ADow Jones Target 2055 TR USD*-11.79%N/AN/A0.41%-5.75%N/AN/AMSCI EAFE NR USD3.63%-6.17%1.61%5.96%1.78%-5.75%1.27%6.23%MSCI EAFE NR USD1.16%-9.49%N/AN/A3.15%-9.05%N/AN/ARussell 2000 TR USD*-2.93%N/AN/A6.17%1.59%N/AN/ARussell Mid Cap TR USD*-3.63%7.34%14.01%8.39%-9.05%6.71%12.84%Russell 2000 TR USD*www.troweprice.comT. Rowe Price Retirement22010 Tr-Cwww.troweprice.comT Rowe Price Retirement22015 Tr-Cwww.troweprice.comT Rowe Price Retirement22020 Tr-Cwww.troweprice.comT Rowe Price Retirement22025 Tr-Cwww.troweprice.comT Rowe Price Retirement22030 Tr-Cwww.troweprice.comT Rowe Price Retirement22035 Tr-Cwww.troweprice.comT Rowe Price Retirement22040 Tr-Cwww.troweprice.comT Rowe Price Retirement22045 Tr-Cwww.troweprice.comT Rowe Price Retirement22050 Tr-Cwww.troweprice.comT Rowe Price Retirement22055 Tr-Cwww.troweprice.comT Rowe Price Retirement22060 Tr-Cwww.troweprice.comInternational FundsInternational Equity Fundwww.riteaid401k.comVanguard FTSE All-World1,2ex-US Index Instwww.vanguard.comSmall Cap FundsSmall Cap Fundwww.riteaid401k.comMid Cap FundsMid Cap Fundwww.riteaid401k.comVanguard Extended1,2Market Idx Instlwww.vanguard.comDOC TYPE: FEEDSP STDDOC ID: 403445595IND ID:01:060716 IN02 GP34EV ID:Page 2 of 6

Benchmark**as of 05/31/20195yr.10yr.Average Annual Total ReturnInvestment Option1yr.as of 05/31/20195yr.10yr.Since Inception1yr.Since InceptionLarge Cap FundsLarge Cap Growth Fund2.59%N/AN/A13.38%5.39%N/AN/ARussell 1000 Growth TR USD*-0.33%N/AN/A6.80%1.45%N/AN/ARussell 1000 Value TR 6.40%2.70%3.83%*Bloomberg Barclays US Aggregate Bond TR2.72%N/AN/A2.66%2.54%N/AN/A1.19%ICE BofAML US Dollar 3-Month Deposit Off5.94%N/AN/A3.13%6.40%N/AN/A2.55%Bloomberg Barclays US Aggregate Bond TRwww.riteaid401k.comLarge Cap Value Fundwww.riteaid401k.comVanguard Institutional1,2Index Instl Pl9.66%13.95%S&P 500 TR USD*www.vanguard.comBondVanguard Total Bond1,2Market Index Instwww.vanguard.comStable ValueStable Value Fundwww.riteaid401k.comFixedFixed Income Fundwww.riteaid401k.comPlease note that if an investment option has not been in existence for 10 years, a "Since Start/Inception Date" return willbe displayed. If the investment option has been in existence for 10 years or more, a "10-Year" return will be displayed.Returns shown for the corresponding benchmark are for the same time period as the investment option.1 Additional information on this Investment Option can be found in Section 2.2 Mutual Fund Option. The start date is that of the fund's original share class. Performance returns for mutual fund options in your Planoffering a different share class with a more current start date have been adjusted to reflect the fees and charges associated with theactual share class.* Performance returns not available at time of production.N/A - Performance returns are not applicable.** A benchmark index is not actively managed. It does not have a defined investment objective and does not incur fees or expenses.You cannot invest directly in a benchmark index.2 – Investment-Related Fees, Expense Information, and Transfer RestrictionsInvestment-Related Fees, Expense Information and Transfer RestrictionsThis table looks at fees, expenses and transfer restrictions associated with the investments in your Plan. Fees andexpenses are only two of many things to consider when deciding to invest. You may also want to think about whether aninvestment in a particular investment option, along with your other investments, will help you reach your financial goals.Fees, Expenses and Restrictionsas of 07/03/2019Investment OptionGross/NetGross Per TransferTotal Annual 1000RuleOperatingExpensesAs a % Shareholder Type Fees Asset AllocationT Rowe Price Retirement BalancedTr-C0.38%/0.38% 3.80 per 1,000T. Rowe Price Retirement 2005 Tr-C0.38%/0.38% 3.80 per 1,000DOC TYPE: FEEDSP STDDOC ID: 403445595IND ID:01:060716 IN02 GP34EV ID:Page 3 of 6

Investment OptionGross/NetGross Per TransferTotal Annual 1000RuleOperatingExpensesAs a % T. Rowe Price Retirement 2010 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2015 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2020 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2025 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2030 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2035 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2040 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2045 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2050 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2055 Tr-C0.38%/0.38% 3.80 per 1,000T Rowe Price Retirement 2060 Tr-C0.38%/0.38% 3.80 per 1,000International Equity Fund0.86%/0.84% 8.60 per 1,000Vanguard FTSE All-World ex-USIndex Inst0.08%/0.08% .80 per 1,0000.97%/0.97% 9.70 per 1,000Mid Cap Fund0.82%/0.70% 8.20 per 1,000Vanguard Extended Market Idx Instl0.06%/0.06% .60 per 1,000Large Cap Growth Fund0.69%/0.49% 6.90 per 1,000Large Cap Value Fund0.64%/0.44% 6.40 per 1,000Vanguard Institutional Index Instl Pl0.02%/0.02% .20 per 1,00010.04%/0.04% .40 per 1,00010.31%/0.31% 3.10 per 1,000Shareholder Type Fees International Funds1Small Cap FundsSmall Cap FundMid Cap Funds1Large Cap FundsBondVanguard Total Bond Market IndexInstStable ValueStable Value FundDOC TYPE: FEEDSP STDDOC ID: 403445595IND ID:01:060716 IN02 GP34EV ID:Page 4 of 6

Investment OptionGross/NetGross Per TransferTotal Annual 1000RuleOperatingExpensesAs a % Shareholder Type Fees FixedFixed Income Fund0.48%/0.38% 4.80 per 1,000Rule #1 - Fund company restriction: A transfer into this fund will not be permitted if a prior transfer was made out of this fund in the last30 days. Gross Total Annual Operating Expenses are the gross fees potentially charged to the investment option and are displayed abovein accordance with fee disclosure regulations. The Net Total Annual Operating Expenses, also displayed above as supplementaryinformation, are the actual amounts charged by the investment option and may be different from the Gross Expenses due to certainfee waivers or additional expenses charged by other service providers. Expenses reduce the return of the investment option. Part ofthese fees may be shared with the plan's service providers to help pay for plan administration and/or recordkeeping fees. Part of thesefees may be shared with the plan's service providers and, under an agreement with the applicable plan fiduciaries, may be used to helppay for plan administration and/or recordkeeping fees. The plan's fiduciaries may make changes to the plan's investments at any timesubject to applicable notice requirements. Please see the participant website for more information.Please note that any Asset Allocation Models listed above are not separate investment options and that Gross/Net Total AnnualOperating Expenses are not separately calculated for the Models. The annual expense information provided for any Asset AllocationModel in table 2 above is for informational purposes only and is determined by adding together the weighted percentage of the TotalAnnual Operating Expenses (Gross and Net) of each of the Plan’s investment options utilized in the Asset Allocation Models. Forinformation on the investment options and allocation strategies of each Asset Allocation Model, if applicable, please visit the plan’swebsite or contact the Participant Call Center. Shareholder/Shareholder-Type Fees are fees paid directly from your investment in this option (e.g., sales loads, sales charges,deferred sales charges, redemption fees, exchange fees, account fees, purchase fees, transfer or withdrawal fees).Revenue CreditFor certain investment options, revenue credits are paid by your retirement plan recordkeeper to the Plan and allocated toparticipants who are investing in the specific investment options.Revenue credits are allocated to your account at a frequency (i.e. monthly, quarterly, etc.) determined by your plansponsor.NOTE: More current information about the Plan's investment options, including fees, expenses and performanceupdates, may be available on the Participant website listed in the title.3 – Plan-Related InformationThis section provides general Plan information, including a description of non-investment management fees and expensesthat may be charged to your account. This section also includes information on General Administrative Services Expensesand Participant-Elected Services Expenses. Blank fields in the table below can be assumed to be not applicable or zero. Ifthere is no General Administrative Services Expenses table displayed there are no General Administrative Services feespaid by you for your Plan.General InformationNon-Investment Management Fees and Expenses: Includes recordkeeping, accounting, legal or other administrativefees that may be charged to your account. The dollar amount actually charged to your account during the previous quarterfor such administrative or individual expenses will be reported to you on your quarterly statement. If you have additionalquestions related to fees on your account, please contact the Participant Call Center at the number listed on the first pageof this document.Investment Instructions: Your Plan lets you direct the investment of your account in the investment options listed inSection 1. You may make changes to your investment options via the Participant website or by calling the Participant CallCenter during normal business hours at the number listed on the first page of this document.Limitations on Investments: Limits on making changes to your investment choices may be imposed by the PlanSponsor or by a manager of an investment option. Any limits or restrictions made by a fund manager are describedin the prospectus for the fund. They include restrictions intended to prevent “market timing” (i.e., rapid trading in andout of a fund). In addition to the limits and restrictions described in the prospectus, the Plan Sponsor may have otherrestrictions on making changes to your investment choices. These restrictions are included in the table in Section 2. Formore information on investment restrictions in your plan, contact the Participant Call Center at the number listed on thefirst page of this document.DOC TYPE: FEEDSP STDDOC ID: 403445595IND ID:01:060716 IN02 GP34EV ID:Page 5 of 6

Voting, Tender, and Similar Rights: The appropriate Plan fiduciaries, or an individual or an institution designated bythe Plan fiduciaries, will exercise any voting or other rights associated with ownership of the Designated InvestmentAlternatives offered in your Plan.Your plan uses the following designated investment manager(s): Northern TrustGeneral Administrative Services Expenses TableThis table shows expenses that pay for operating the Plan. These expenses are described below. Fees and expenses forgeneral plan administrative services (for example, recordkeeping services and custodial services) may be charged to thePlan. These fees and expenses may be charged to your individual account to the extent not paid by the Plan Sponsor,deducted from other Plan assets (such as the Plan's forfeiture account) and/or included in investment-related

Your retirement plan is taking a bold new path Why we are making this change This change to your Rite Aid 401(k) retirement plan account is designed to give you more ways to access and manage your account, improve your overall retirement planning experience, and empower you to make the journey to retirement as rewarding as every day after.