Ironshore Financial LLC

Item 5 – Fees and Compensation

IRONSHORE enters into a written Fiduciary Consulting and Advisory Services Agreement with each
client and fully discloses all fees to be charged for the contracted services. These fees are negotiated on
a case-by-case basis depending on the specific circumstances of the engagement (i.e. scope of services,
expected time and effort, etc.). Generally, fees covering investment services are agreed to as fixed
amounts to be charged on an annual basis and billed quarterly in arrears. Actual fees charged may vary
significantly from client to client, but we expect such variation to correlate positively with differences in the
scope and value of service the client receives. Although fees generally are fixed and negotiated, we
expect the amount to have some relation to, and initially be derived from, the amount of plan assets.
IRONSHORE uses the following schedule as a guide to propose the fixed annual amount a qualified plan
client will be billed for investment advisory services:

                      Plan Assets                                             Advisory Fee
                   Up to $2,000,000                                          $3,500 minimum
                    Next $5,500,000                                          0.15% of assets
                    Next $7,500,000                                          0.10% of assets

                    Next $10,000000                                          0.05% of assets
                   Next $25,000,000                                         0.025% of assets
                   Next $100,000,000                                         0.01% of assets
                   Over $150,000,000                                            negotiable

The exception to this rule relates to portfolio management fees associated with unitized models built on a
third-party platform, whereby management fees are accrued daily as a component of a synthetic Net
Asset Value and remitted to the investment manager monthly. Each model portfolio’s annual
management fee is either 0.20% or 0.25% of qualified plan assets invested in the unitized models. The
variability in fees among clients may exist even when the services IRONSHORE provides these clients
are similar.
IRONSHORE’s fees are in addition to, and separate and distinct from, the fees and expenses that may be
charged by mutual funds, ETF’s, independent advisors of separate accounts or any other investment
product or service that may be chosen to execute an investment strategy. These fees are disclosed in
each fund’s prospectus or other disclosure documents. Clients may also incur other fees or commissions
charged by custodians, brokers or other third parties. IRONSHORE does not receive any portion of these
fees, expenses or commissions. The only compensation IRONSHORE receives for services is that which
is explicitly stated in the service agreement.

                                  ADV Part 2A Investment Adviser Brochure

Item 7 – Types of Clients

IRONSHORE provides investment services to sponsors of qualified retirement plans.