Meramec Financial Planners LLC

Item 5 – Fees and Compensation

A.     Fee Schedule
ASSET MANAGEMENT
MFP offers asset management services to advisory Clients. MFP charges an annual investment
advisory fee based on the total assets under management as follows:

             Assets Under Management                       Maximum Annual Fee

                   $0 - $2,000,000                                  1.00%

               $2,000,001 - $5,000,000                              0.75%

              $5,000,001 – $10,000,000                              0.50%

              $10,000,001 - $20,000,000                             0.40%

              $20,000,001 - $30,000,000                             0.35%

              $30,000,001 - $50,000,000                             0.30%

              $50,000,001 - $75,000,000                             0.25%

                  Over $75,000,000                               Negotiable

This is a blended fee schedule, meaning different asset levels are assessed different fees, as shown
above. Fees are billed quarterly in advance based on the amount of assets managed as of the close
of business on the last business day of the previous billing period. Lastly, please note that MFP
may group certain related Client accounts, often known as “householding”, for the purposes of
achieving the minimum account size and determining the annualized fee.

ERISA PLAN SERVICES
The annual fees are based on the market value of the Included Assets and shall not exceed 1%.
Fees may be charged quarterly or monthly in arrears or in advance based on the assets as
calculated by the custodian or record keeper of the Included Assets (without adjustments for
anticipated withdrawals by Plan participants or other anticipated or scheduled transfers or
distribution of assets) on the last business day of the previous quarter.

The fee schedule, which includes compensation of MFP for the services is described in detail in the
ERISA Plan Agreement. The Plan is obligated to pay the fees, however the Plan Sponsor may elect
to pay the fees. Clients may elect to be billed directly or have fees deducted from Plan Assets. MFP
does not reasonably expect to receive any additional compensation, directly or indirectly, for its
services. If additional compensation is received, MFP will disclose this compensation, the services
rendered, and the payer of compensation.

FINANCIAL PLANNING AND CONSULTING
MFP charges an ongoing fixed fee for financial planning and consulting. Prior to the planning
process the Client will be provided an estimated plan fee which will be based on the complexity of
the engagement. MFP reserves the right to waive the fee should the Client implement the plan
through MFP.

       ONGOING FEES
       Ongoing Fee Services are offered based on an annual fee to never exceed $200,000,
       charged monthly or quarterly depending on the Client’s election. Fees are billed in advance

       of each billing period. Ongoing Fee Services will continue year over year until canceled, in
       writing, by either MFP or the Client.

B.     Payment of Fees
Asset Management Fees are generally deducted directly from the Client’s Account.

ERISA Fees are deducted directly from the Client’s Account.

Financial Planning and Consulting Fees are generally invoiced directly to the Client but may also be
deducted from another account held with MFP.

MFP, in its sole discretion, may charge a lesser investment advisory fee based upon certain criteria
(e.g., historical relationship, type of assets, anticipated future earning capacity, anticipated future
additional assets, dollar amounts of assets to be managed, related accounts, account composition,
negotiations with Clients, etc.).

For all services, Clients may terminate their engagement with MFP within five (5) business days of
signing an Agreement with no obligation and without penalty. After the initial five (5) business days,
the Agreement may be terminated by MFP with thirty (30) days written notice to Client and by the
Client at any time with written notice to MFP. For accounts opened or closed mid-billing period,
fees will be prorated based on the days services are provided during the given period. All unpaid
earned fees will be due to MFP and all unearned fees will be refunded to the Client. Please note,
only fees associated to MFP are considered for reimbursement. Any increase in fees will be
acknowledged in writing by both parties before any increase in said fees occurs.

C.     Additional Fees
Custodians may charge brokerage commissions, transaction fees, and other related costs on the
purchases or sales of mutual funds, equities, bonds, options, margin interest, and exchange-traded
funds. Mutual funds, money market funds, and exchange-traded funds may also charge internal
management fees, which are disclosed in the fund’s prospectus. MFP does not directly receive any
compensation from these fees. All of these fees are in addition to the management fee you pay to
MFP. For more details on the brokerage practices, see Item 12 of this brochure.

D.     Prepayment of Fees
Asset Management, Financial Planning and Consulting fees are charged in advance. ERISA fees
may also be charged in advance.

E.    External Compensation for the Sale of Securities
MFP does not receive any external compensation from the sale of securities.

Item 7 – Types of Clients & Account Minimums

MFP’s Clients are generally individuals, small businesses, trusts, estates, high net-worth individuals,
pooled investment vehicles, and charities. Client relationships vary in scope and length of service.

There is no minimum account size and Clients are not required to have a certain amount of
investment experience or sophistication.