Item 5 - Fees and Compensation
General Fee Information
Fees paid to Iron Capital are exclusive of all custodial and transaction costs paid to the client’s
custodian, brokers or other third party consultants. Please see Item 12 - Brokerage Practices for
additional information. Fees paid to Iron Capital are also separate and distinct from the fees and
expenses charged by mutual funds, ETFs (exchange traded funds) or other investment pools to
their shareholders (generally including a management fee and fund expenses, as described in each
fund’s prospectus or offering materials). The client should review all fees charged by funds,
brokers, Iron Capital and others to fully understand the total amount of fees paid by the client for
investment and financial-related services.
Private Client Portfolio Management Fees
The annual fee schedule, based on a percentage of assets under management, is 1.00%. Portfolio
management fees are generally payable quarterly, in advance. If management begins after the start
of a quarter, fees will be prorated accordingly. With client authorization and unless other
arrangements are made, fees are normally debited directly from client account(s). Iron Capital may
impose a minimum portfolio value and/or a minimum annual fee. Iron Capital may, at its
discretion, make exceptions to the foregoing or negotiate special fee arrangements where Iron
Capital deems it appropriate under the circumstances.
Either Iron Capital or the client may terminate their Investment Management Agreement at any
time, subject to any written notice requirements in the agreement. In the event of termination, any
paid but unearned fees will be promptly refunded to the client based on the number of days that the
account was managed, and any fees due to Iron Capital from the client will be invoiced or deducted
from the client’s account prior to termination.
Defined Contribution Plan Fees
Iron Capital’s fee for its consulting services will be based on the market value of the plan’s total
portfolio. The fee will be paid to Iron Capital by the Plan Sponsor from a source of funds to be
determined by the Plan Sponsor. The fee will be paid quarterly in arrears. Fees assessed in the first
quarter of service will be prorated accordingly.
Market Value Annual Fee
First $10,000,000 0.25%
$10,000,000 to $20,000,000 0.20%
$20,000,000 to $50,000,000 0.15%
$50,000,000 to $100,000,000 0.10%
$100,000,000 and up negotiable
This schedule may be negotiable at the sole discretion of Iron Capital. All clients retain Iron Capital
by entering into a written agreement for services. The agreement can be canceled without cause
upon thirty days written notice by either party.
Plan Participants Fees
These services will be provided to Plan Participants for an annual fee of 1.00% of the market value
of the Participant’s account. The fee will be deducted directly out of the participant’s account and
paid to Iron Capital quarterly in advance. No additional fee will be assessed to the Participants who
choose not to receive these individual services. All individual participants interested in receiving
these additional services will sign an agreement with Iron Capital, which is cancelable by either
party without cause with thirty days written notice to the other party. In the event that any
Participant terminates the agreement mid quarter, Iron Capital will refund a pro-rata share of any
pre-paid fees based on the number of days that the account was managed.