Gusto Investment Services LLC

Item 5: Fees and Compensation

A. Fees
401(k) Plan Sponsors
Gusto Investment Services’ fees (the “Annual Account Fee”) are dependent upon the pricing plan of either the
Recordkeeper or Accrue 401k, as chosen by the 401(k) plan sponsor. That said, Gusto Investment Services does not
charge the 401(k) plan sponsor for its ERISA 3(38) investment management services, regardless of which pricing
plan was chosen. The Annual Account Fee is charged directly to the 401(k) plan participant, as described in the
401(k) Plan Participant fees section below. However, Gusto Investment Services offers 401(k) plan sponsors the
flexibility to pay all, or a portion, of this fee on the 401(k) plan participant’s behalf. In the event the 401(k) plan
sponsor chooses to pay this fee, Gusto Investment Services will invoice the 401(k) plan sponsor monthly at 1/12th of
the annual stated rate based on month end invested assets in the 401(k) plan participant accounts. In the event the
401(k) plan sponsor chooses to pay this fee, if a 401(k) plan participant is no longer employed by the 401(k) plan
sponsor, the terminated 401(k) plan participant will incur this fee in the month following the month in which they
become terminated in the method described below in the 401(k) Plan Participants fee section. Gusto Investment
Services can waive this fee and offer discounts at our discretion.

Gusto Investment Services furnishes a detailed schedule of fees to 401(k) plan sponsors upon entering into a
contract for services. Fees are negotiable. Gusto Investment Services reserves the right to change the amount of
fees outlined in this brochure or institute new fees related to the services described in the advisory agreement. In
the event Gusto Investment Services changes its fees, Gusto Investment Services will generally notify clients no
less than thirty (30) days in advance of the effective date of the fee change unless the inability to provide such
advance notice is due to events that were unforeseeable or due to circumstances beyond Gusto Investment
Services’ control. 401(k) plan sponsors are deemed to have approved the fee change unless they notify Gusto
Investment Services in advance of the effective date of change.

401(k) Plan Participants
Gusto Investment Services charges 401(k) plan participants as set forth below. Gusto Investment Services can waive
any of the below fees and offer discounts at our discretion.

Type of Service​​        ​       ​       ​        ​       ​       ​        ​       Fees

Annual Account Fee*​ ​           ​       ​        ​       ​       ​        ​       0.25%

*The Annual Account Fee is dependent on the pricing plan chosen by the 401(k) plan sponsor. This fee is calculated
and deducted from the 401(k) plan participant’s account balance monthly at 1/12th of the annual stated rate (0.25%)
based on the account balance on the last day of each month. Gusto Investment Services offers 401(k) plan
sponsors the ability to pay all, or a portion, of this fee on the 401(k) plan participant’s behalf. In the event the 401(k)
plan sponsor chooses to pay this fee, if a 401(k) plan participant is no longer employed by the 401(k) plan sponsor,
the terminated 401(k) plan participant will incur this fee in the month following the month in which they become
terminated in the method described below.

401(k) plan participant fees are negotiable. Gusto Investment Services furnishes a detailed schedule of fees which
may be charged to 401(k) plan participants in a fee disclosure statement upon enrollment and is provided on an
annual basis to 401(k) plan participants. Gusto Investment Services reserves the right to change the amount of fees
outlined in this brochure or institute new fees related to the services described in the advisory agreement. In the
event Gusto Investment Services changes its fees, Gusto Investment Services will generally notify clients no less
than thirty (30) days in advance of the effective date of the fee change unless the inability to provide such advance
notice is due to events that were unforeseeable or due to circumstances beyond Gusto Investment Services’
control. 401(k) plan sponsors are deemed to have approved the fee change unless they notify Gusto Investment
Services in advance of the effective date of change.

IRA and SEP IRA Plans
Gusto Investment Services charges fees directly to the IRA clients as set forth below. Gusto Investment Services
can waive any of the below fees and offer discounts at our discretion.

Type of Service​​        ​       ​       ​        ​       ​       ​        ​       Fee

Annual Account Fee*​                            ​​            ​   ​        ​       0.08%

*The Annual Account Fee is calculated and deducted on a monthly basis at 1/12 of the annual stated rate (0.08%)
based on the account balance on the last day of each month.

Gusto Investment Services furnishes a detailed schedule of fees charged to IRA clients upon enrollment for
services. Fees are non-negotiable. Gusto Investment Services reserves the right to change the amount of fees
outlined in this brochure or institute new fees related to the services described in the advisory agreement. In the
event Gusto Investment Services changes its fees, Gusto Investment Services will generally notify clients no less
than thirty (30) days in advance of the effective date of the fee change unless the inability to provide such advance
notice is due to events that were unforeseeable or due to circumstances beyond Gusto Investment Services’

control. IRA clients are deemed to have approved the fee change unless they notify Gusto Investment Services in
advance of the effective date of change..

B. Billing and Payment
Gusto Investment Services’ fees will be itemized in a monthly invoice and delivered electronically to 401(k) plan
sponsors and IRA clients following the end of the month in which services were provided.
...

Item 7: Types of Clients
Gusto Investment Services’ 401(k) clients are employers who offer employer-sponsored retirement plans to their

employees through the Recordkeeper or Accrue 401k, and have elected Gusto Investment Services as their ERISA
3(38) investment manager.

Gusto Investment Services’ IRA clients are IRA or SEP IRA clients engaged with the Recordkeeper for administrative
and recordkeeping services.