Envestnet Retirement Solutions LLC

Item 5 – Fees and Compensation

ERS’ fee for investment advisory services varies by the nature of the services being provided. Fees are typically
a percentage of assets under management or advisement. The standard fee schedules for the Programs are as
follows, but lower fees may be separately negotiated by the Plan Sponsor based on a variety of factors, including
but not limited to asset size, additional support or reporting requirements, additional complexity, or unique
restrictions. Fees for ERS’ services are typically paid to ERS by the Plan. However, the Plan may, in turn, allocate
some of these fees to Plan Participants. Please refer to the Plan Sponsor for additional details.

Certain fees are not included in the Program Fee shown below; the most significant of which is the fee charged
by the Plan’s Advisor and Recordkeeper, which are not determined or negotiated by ERS. Please contact your
Plan Sponsor with questions related to the overall fees in your plan(s).

Plan Sponsor Fiduciary Services:

        Discretionary Fiduciary Services
        Non-Discretionary Fiduciary Services
        Custom Asset Allocation Services
        ERS RIA to RIA Fiduciary Services
        Envestnet Retire Complete

          Program/Portfolio                                          Fees
          Plan Sponsor Fiduciary Services                                   0.03% - 0.15%*
          Investment Models                                                 0.05% – 0.08%
        * Fees charged as a percentage of Plan assets. A minimum annual fee up to $2,000 can be assessed, which are paid to ERS by the
        Plan Sponsor.

Termination

The terms and conditions for each advisory service contain termination provisions for the client and ERS. The
client is responsible for paying investment advisory fees for services provided up to and including the effective
date of termination. ERS will refund any unearned, prepaid fees, if applicable.

Other Issues Relating to Fees

The cost of investment advisory services provided may be more or less than the cost of purchasing similar
services separately. The total asset amount in a Plan typically is the main factor impacting the relative cost of

Envestnet Retirement Solutions-Form ADV Part 2A                                                                      June 30, 2026

an advisory program for a particular Plan.

The default fee calculation method of the fee is to bill in arrears on a quarterly basis based on the value of Plan
assets. However, the calculation and remittance methodology of the fee may vary based upon the recordkeeper
utilized by the Plan Sponsor. In the event of conflicting methodology, the billing methodology of the
recordkeeper utilized by Plan Sponsor shall prevail. ERS will perform a good faith fair market value of the Plan
assets based on the applicable recordkeeper.

The ERS fees do not cover the charges associated with securities transactions, including: (i) dealer markups,
markdowns or spreads charged on transactions in over-the-counter securities; (ii) costs relating to trading in
certain foreign securities; (iii) the internal charges and fees that may be imposed by any mutual funds exchange
traded funds and other pooled investment vehicles, such as fund operating expenses, management fees,
redemption fees, administrative fees 12b-1 fees and other fees and expenses or regulatory fees; (iv) brokerage
commissions or other charges imposed by broker-dealers or entities other than the custodian if and when
trades are executed or cleared by another broker-dealer; (v) the charge to carry tax lot information on
transferred mutual funds or other investment vehicles, postage and handling charges, returned check charges,

transfer taxes, stock exchange fees or other fees mandated by law; and (vi) any brokerage commissions or other
fees and charges associated with securities transactions, such as ticket charges. Further information regarding
charges and fees assessed by mutual funds and exchange traded funds may be found in the appropriate
prospectus or offering document.

In connection with mutual fund redemption fees (referenced above), some mutual funds assess redemption
fees to investors upon the short-term sale of its funds. A Plan may incur such redemption fees if the portfolio
manager of an investment strategy determines it is in the Plan’s interest, in conjunction with the stated goals
of the investment strategy, to divest from certain mutual funds prior to the expiration of the minimum holding
period of the funds. Depending on the particular mutual fund, this may include sales made for rebalancing
purposes. Please see the prospectus for the specific mutual fund for detailed information regarding such fees.

For smaller Plans, a minimum fee may apply to the Program Fee or fees charged by the custodian. Minimum
fees are expressed in annual amounts but are determined and assessed based on the Plan asset value at the end
of each quarter. For example, if a Plan has a $100 minimum annual fee, it will be assessed a minimum of $25
every quarter. Therefore, if a Plan has large asset inflows or outflows during the year that cross the minimum
asset value threshold, it is possible for a Plan to be assessed a minimum fee for a particular quarter even if at
the end of the year a look back over the Plan’s average balance for the entire year would have placed it above
the minimum asset value threshold.

ERS provides a model management system as part of the web-based platform including unitization of portfolios
for certain custodians with which ERS has entered into a contract. ERS charges a fee to these custodians for
these non-fiduciary technology services. In some instances, ERS may act as a fiduciary investment manager to
some Plans for which it also provides unitization services for portfolios. When ERS acts as either a 3(21) non-
discretionary advisor or a 3(38) investment manager as outlined above, it will charge fees for the fiduciary
...

Item 7 – Types of Clients

ERS provides investment management and investment advisory services to Plans sponsors, and certain
institutional clients.