Converse Team Financial Services LLC

Item 5 – Fees and Compensation

Investment Related Retirement Plan Management Services

The fee for management services is either a flat fee and/or a percentage of assets fee ranging up
to 100 basis points annually. Fees are billed in advance or arrears and may be billed quarterly or
monthly. Fees may be deducted directly from plan assets with proper authorization or may be
billed directly to the client. Client may terminate a contract at any time subject to the contract
terms. When a relationship is terminated, fees are prorated and any unearned fees paid in
advance will be refunded.

Fees charged by CTFS are separate from plan administrative costs, from transaction costs, and
from fees and expenses charged by mutual funds that may be held by the plan.

Investment Related Retirement Plan Consulting Services

The fee for non-management consulting services is either a flat fee and/or a percentage of assets
fee ranging up to 100 basis points. Fees are billed in advance or arrears and may be billed
quarterly or monthly. Fees may be deducted directly from plan assets with proper authorization
or may be billed directly to the client. Client may terminate a contract at any time subject to the
contract terms. When a relationship is terminated, fees are prorated and any unearned fees paid
in advance will be refunded.

Fees charged by CTFS are separate from plan administrative costs, from transaction costs, and
from fees and expenses charged by mutual funds that may be held by the plan.

Financial Planning Services

Fees charged for financial planning services are quoted in advance and charged at a fixed amount
or are quoted on an hourly basis. Quoted fixed fees will be based on the complexity and level of
service provided on a case by case basis. Hourly fees will be estimated based on the complexity
and level of service provided on a case by case basis. As mentioned above, services may include
planning in areas such as education funding, retirement planning, estate planning, risk
management, employee benefits planning, tax planning, etc. Since each of these areas can vary
in complexity depending on the complexity of the client’s financial situation, cost will vary as
well. Fees are negotiable depending on the circumstances of the engagement, location, etc.

Fees are generally billed directly to the client in arrears, although a portion of which may be
billed in advance.

Services may be terminated at any time by either party with 30 days written notice to the other
party, and fees will be prorated based on the degree to which services have been completed. Any
payments made in advance will be prorated and any unearned fees will be refunded to the client
subject to the notice provision above.

All financial planning fees paid to CTFS are separate and unrelated to any fees or expenses
assessed by any broker, custodian, or other outside party.

Item 7 – Types of Clients

CTFS provides services to businesses, retirement plans, and individuals.

For its services, CTFS does not require a minimum dollar value in assets for establishing or
maintaining an institutional account, but the firm reserves the right to decline engagements for
various reasons including account size.