Bishop & Company Investment Management LLC

Item 5 – Fees and Compensation
Our fees for services depend on the type of service we provide to you. Each fee arrangement is
discussed in more detail below:

Our Fees for Discretionary Investment Management:
We will charge you a Discretionary Fee for our investment management services. Our fee is payable
quarterly in advance at a rate based on your fee schedule with us.

New Accounts.
For new accounts opened during a calendar quarter, we will calculate the fee for the upcoming quarter
based on the account value as of the last business day of the current quarter. In addition, we will

charge a prorated fee for the portion of the current quarter during which the account was under
management. The prorated amount will be calculated based on the number of days the account was
managed during that quarter.

Ongoing Accounts.
For accounts under management for the full quarter, fees are calculated on the first day of each
calendar quarter based on the value of the accounts’ assets under management as of the close of
business on the last business day of the preceding quarter.

The custodian will deduct our fee from your account. You will receive a quarterly statement from the
custodian showing the amount of the fee.

If you elect to, or if the custodian is unable to, deduct our fee from your account, you will be billed
directly for the fee, which will be due within 30 days of the billing date. Any billed fee not paid within
30 days may be subject to a 1% monthly charge. We reserve the right to suspend our investment
management services in the event any fee becomes more than 30 days overdue.

Terminated Accounts.
If the advisory agreement is terminated during a calendar quarter, we will prorate our Discretionary
Fee based on the number of days the account was managed during that quarter. Any unearned portion
of the fee will be refunded to you in the following billing cycle.

The Client is responsible for brokerage commissions and any other transaction-related fees.

Our fee schedule for Discretionary Client accounts is as follows:

                    Assets Under Management                       Quarterly         Annually

                          First $1,000,000                         .2500%             1.00%
              Portion between $1,000,001 - $1,500,000              .2250%             0.90%
              Portion between $1,500,001 - $2,000,000              .2125%             0.85%
              Portion between $2,000,001 - $2,500,000              .2000%             0.80%
              Portion between $2,500,001 - $3,000,000              .1875%             0.75%
              Portion between $3,000,001 - $3,500,000              .1750%             0.70%
              Portion between $3,500,001 - $4,000,000              .1625%             0.65%
              Portion between $4,000,001 - $4,500,000              .1500%             0.60%
              Portion between $4,500,001 - $5,000,000              .1375%             0.55%
              Portion between $5,000,001 – $10,000,000             .1250%             0.50%
                         Over $10,000,000                         Negotiable

In certain circumstances, Bishop & Company, at its discretion, may negotiate a fee rate that differs from
the range set forth above. Additionally, Bishop & Company honors fee structures for several legacy
clients. Specifics of each Discretionary Client’s advisory fees are detailed in their Discretionary
Investment Management Agreement.

We reserve the right to change your fee schedule effective upon thirty (30) days’ written notice to you
of such change. Any change in our fees will be documented in an amendment to your Discretionary
Investment Management Agreement.

We do not accept compensation from any broker, mutual fund, or ETF company we recommend
or work with, otherwise known as “soft dollars.” Our only source of income is from fees you pay
directly to us. We believe NOT accepting soft dollars from investment products allows us to
remain unbiased in our recommendations and decision-making for you.

Either you or Bishop & Company have the right to terminate your Investment Management Agreement
within five (5) days of the date of acceptance of the Investment Management Agreement by both parties
without any cost to you. After five (5) days, either party may terminate the Agreement by providing
written notice to the other party. If the Agreement is terminated, we will provide you with a prorated
refund of any prepaid fees paid to us minus reasonable expenses to process the refund. As part of our
policy, any refund under the de minimis amount of $50 per household will not be issued. The refund
will be based upon the date that is the earlier of when: 1) all of your assets have transferred out of your
account with us, or 2) the date that we are removed from your accounts as the named adviser with your
custodian.

Our Fees for Investment Advisory Services to Plan Sponsors of Participant-Directed Retirement
Plans:

We charge an annual fee that will not exceed 1% for Investment Advisory/Consulting services to
retirement plan sponsors (the "Retirement Services fee"). The Retirement Services fee charged by us is
specific for each plan sponsor. The amount that we charge you is dependent on a number of factors,
including, but not limited to; the amount of time required to consult on your plan, the type of analysis
required to consult on your plan, the number of locations and plan participants we will be required to
service, and our overall relationship with you.

Our Retirement Services fee is based on the services that we will provide, which include designing a line-
up of investment options, monitoring those investment options for you, and educating your plan
participants. Plans will also incur fees from custodians, third party administrators and recordkeepers.
These fees vary based on the service provider utilized and size of the plan. Fees for these services are
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Item 7 – Types of Clients
Bishop & Company requires a minimum account balance of $1,000,000 for our Discretionary Investment
Management services. We may group certain related client accounts for the purpose of achieving the
minimum account size requirements. The minimum account size may be negotiable for legacy clients,
clients who are expected to exceed the account minimum shortly, and in other circumstances.

We have the following types of Clients:

    •   Individuals,
    •   Trusts, Estates, Foundations, Endowments and Charitable Organizations,
    •   Corporations and other Business Entities, and
    •   401(k), Profit Sharing and Pension plans.