Chaldon Associates LLC

Item 5 – Fees and Compensation
Chaldon offers fixed, hourly and asset-based fees. In addition, we offer success-based fees to certain clients.
When calculating either an asset-based fee, we rely on a valuation provided by an independent third party
(typically the client’s custodian bank) since Chaldon does not value assets. Success based fees are calculated
based on a variety of factors that are customizable per client.

Fees are generally quoted on a full retainer basis, encompassing all the services provided by Chaldon. On
occasion, fees are quoted on a project basis for a defined time or scope of work. Some clients choose to
reimburse us for reasonable travel expenses, while others prefer that our fee includes travel. Certain clients
may be subject to a minimum fee. In all cases, the fee is agreed upon prior to Chaldon’s retention and is
specified in a written agreement with each client.

Chaldon will generally bill its fees monthly, to be paid in advance. Accounts initiated or terminated during a
calendar quarter will be charged a prorated fee. Upon termination of any account, any prepaid, unearned fees
will be promptly refunded, and any earned, unpaid fees will be due and payable. All our fees are quoted, paid
and received in hard dollars.

Chaldon does not have a standard fee schedule, and all fees are subject to negotiation.

Item 7 – Types of Clients
Chaldon provides customized pension advice to a variety of clients, including public funds, both State and
municipal and Taft-Hartley Funds. These clients include several plan types including defined benefit, defined
contribution, health and welfare and operating assets.

Chaldon does not have a minimum account size for its clients.
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