Fiduciary Advisors LLC

Item 5: Fees and Compensation

ManagedPlan

The fees that clients pay in connection with ManagedPlan are set forth in the program agreement that
the client signs. For more information about these fees, see the ManagedPlan agreement and Disclosure
Brochure.

Fiduciary Overlay Program
Overlay Program management fees are based on the value of assets managed, including cash,
calculated as a percentage of assets under management, and may be negotiated. The maximum fee for
participation in this program is 0.15%.

Generally, fees are automatically deducted from the account pursuant to the account agreement and not
billed separately to you. Fees are based on a percentage of the market value of assets under
management including cash. The Program Fee compensates FA for its asset management services and
maintaining the approved list of Funds. The value of the assets will be based on information provided by
the custodian of the assets, the client or other third party, as applicable. FA is entitled to rely on the
financial and other information that you, any custodian, or any other third party provides to FA. FA does
not independently verify this information nor does FA guarantee the accuracy or validity of such
information.

Fees are charged monthly or quarterly in arrears based on your account value on the last day of the
previous billing period. FA may make amendments to the fee schedule, including negotiated fees, at any
time with sufficient written notice to you. No fee refunds will be given for withdrawals from your account
made during the billing period and while the Account Agreement is in effect.

Overlay Program management fees are separate and distinct from fees, commissions, transaction
charges, or other costs charged by your qualified custodian, recordkeeper, or other service provider.
Fees and expenses charged by mutual funds will generally include a management fee and other fund
expenses – see the mutual fund’s prospectus for complete details. In addition, there may be transaction
charges involved with purchasing or selling securities. Some mutual funds and custodians charge a
short-term redemption fee if a mutual fund is not held for a certain period. This holding period varies fund
by fund and can be different at each custodian. Holding periods can be as short as 30 days or be longer
than one year. You should review all fees charged by mutual funds, FA, and others to understand the
total amount of fees and expenses you will pay.

Your Overlay Program Agreement will continue in effect until terminated by you or FA by written notice
to the other. If termination is on a day other than the last day of a billing period, FA will keep the unused
portion of the prepaid management fee. FA will discontinue all services and responsibilities and you will
release FA from all responsibilities as of the effective date of termination. You may request that your
account(s) be liquidated upon termination of the Overlay Program Agreement, but this request must be
in writing. Liquidating your account(s) may result in a capital gain or loss, and may cause additional
trading costs to be incurred. Please seek independent tax advice before deciding to liquidate your
account(s). FA will have no responsibility for the tax consequences or trading costs resulting from the
liquidation of your account(s).

You have the right to terminate your Overlay Program Agreement without penalty within five (5) business
days after entering into it. Termination will not affect the validity, liability and obligations taken by FA
under your Investment Management Agreement of actions before the termination. At termination, FA will
have no obligation to sell or take any action with regard to client's account(s). Your death will not
terminate your Overlay Program Agreement or authority granted to FA until we have received written
notification of your death.

Item 7: Types of Clients

We provide our advisory services to retirement plans and individual plan participants. While we do not
require a minimum amount of assets to open an account or maintain an account, we charge a minimum
annual fee of $60.00 per investment account. See “Advisory Business” and “Fees and Compensation”
above for more information.