Frugal Financial Retirement Plan Services LLC

ITEM 5: FEES AND COMPENSATION

Frugal Financial receives fees only for services rendered. Frugal Financial does not receive any
commissions or incentives based on recommendation of particular investments. All fees are fully
disclosed in the Firm’s Agreement. Although the Firm believes its advisory fees are competitive,
clients should be aware that lower fees for comparable services can be available from other sources.

Frugal Financial Retirement Plan Services, LLC                                        March 27, 2026
Form ADV Part 2A

The investment advisory contract can be terminated by the client without penalty within five (5)
business days of signing the contract without incurring any advisory fees.

   A. Description of Fees

   1. Investment Management Fees

The Firm provides investment management services to clients for a fee based upon a percentage
of assets under management (“AUM”). The Firm’s management fees are assessed quarterly in
advance, and calculated as of the close of business on the last business day of the preceding
calendar quarter, based on the following annual percentages:

    •   Fees for 3(38) Investment Manager Services, the Firm charges an annual fee of 0.10% (10
        basis points). The quarterly charge is equal to 1/4th of this amount.

Advisory fees can be paid by the client or deducted from assets of their retirement plan. Should a
client open their account mid-quarter, their fee will be prorated based on the number of days the
account is open during that quarter. In the event the Firm’s services are terminated mid-quarter,
any pre-paid, unearned fees will be promptly refunded to the client. The number of days the
account was managed during the quarter until termination is used to determine the percentage of
the management fee earned (based on the total number of days in the quarter) and the balance is
refunded. Advisory fees are billed by Frugal Financial Retirement Plan Services, LLC as a line
item on Employee Fiduciary invoices to the plan sponsor.

The custodian delivers an account statement to the client at least quarterly, showing all
disbursements, including advisory fees, deducted from the account. The client is encouraged to
review all account statements for accuracy. It is the responsibility of the client, and not the
custodian, to ensure the fees are calculated correctly. Frugal urges clients to compare the account
statements received from your custodian with invoices and reports you receive from Frugal.

Advisory fees are negotiable at the sole discretion of the firm, and arrangements with any particular
client can differ from those described above. Should a client have more than one account managed
by the Firm, then the Firm can elect - at its sole discretion, to aggregate the client’s accounts for
the purpose of computing management fees.

   B. Other Fees and Expenses

Frugal Financial fees described above do not include certain charges imposed by third parties such
as mutual fund fees and expenses. These fees and expenses are described in the prospectus of the
investment. These fees and expenses are separate from and in addition to the fees charged by Frugal
Financial. Clients should review the fees charged by any mutual funds in which the client’s assets
are invested, together with the fees charged by the Firm, to fully understand the total amount of
fees to be paid by the client and to thereby evaluate the advisory services being provided.

Additionally, clients can incur brokerage commissions and other execution costs charged by the
custodian or executing broker-dealer in connection with transactions for a client’s account. Clients

Frugal Financial Retirement Plan Services, LLC                                          March 27, 2026
Form ADV Part 2A

should further understand that all custodial fees and any other charges, fees and commissions
incurred in connection with transactions for a client’s account will be paid out of the assets in the
account. Frugal Financial does not receive any compensation resulting from such fees. Please refer
to Item 12 of this Brochure entitled “Brokerage Practices” for additional important information
about the brokerage and transactional practices of the Firm.

   C. Additional Compensation Received by Advisory Representatives of the Firm

Certain advisory representatives of the Firm are also employed by affiliates of Frugal Financial
that perhaps can provide non-advisory services to Firm clients. For more information on the
relationship between advisory representatives of the Firm and its affiliates, compensation received
therefrom and the conflicts of interest inherent to these relationships please refer to Item 10 below.

ITEM 7: TYPES OF CLIENTS
The Firm provides investment advisory services to qualified retirement plans, including plans
sponsored by small businesses and sole proprietors (e.g., Solo 401(k) plans), working directly with
plan sponsors and/or trustees of the plan. Frugal Financial does not provide customized advisory
services to plan participants. Frugal Financial does not require a minimum asset level and,
generally, does not impose other conditions for use of the Firm’s services. Prior to engaging the
Firm to provide any of the investment advisory services described in this Brochure, the client will
be required to enter into a written agreement with the Firm setting forth the terms and conditions
under which the Firm shall render its services.

Participants have the ability to select which investments in the Portfolio to use for their own
accounts. The Firm provides guidance and manages the Portfolio in accordance with its
investment strategies. In certain cases, the Firm may determine that it is unable to accept or
continue managing an account if it cannot reasonably implement its investment strategies for
that account.