NEA Member Benefits

Item 5 - Fees and Compensation
      NEA MB is compensated for such services by SB pursuant to the terms of the Agreement as described below.
      Pursuant to the Agreement, NEA MB receives from SB an annual base fee, which in 2024-2025 was $4,000,000. The annual base fee may
      be reduced when certain products are no longer available under the Program. These fees were the subject of negotiation between NEA
      MB and SB.
      NEA MB does not work with any other product provider. This exclusive relationship with SFB and the payment of the annual base fee by
      SB creates a potential conflict of interest and gives NEA MB an incentive to partner with SB to make the Program available to NEA
      members. To address this conflict, NEA MB conducted extensive due diligence on SB and other potential providers prior to selecting SB
      as the exclusive Program provider. NEA MB also conducts extensive on-going due diligence to ensure that Program Participants benefit
      from the products and services offered by SB. NEA MB also discloses this relationship to NEA members in all educational, marketing, and
      promotional materials. You may wish to take into account this arrangement and any possible conflict of interest when considering and
      evaluating any communications or recommendations relating to Program products
      As noted above, NEA MB has no fee arrangement with its Program Participants with respect to the services it provides. Program
      Participants will pay fees associated with their investment in variable annuity contracts and mutual funds underlying 403(b), 457, IRA, 401(k),
      and Health Reimbursement Account contracts.

Item 7 - Types of Clients
      NEA MB does not have retail investor clients. As noted above, NEA MB’s “clients”, noted above as Program Participants, are
      members of the NEA and others who are or were employed by K-12 education facilities, college campuses, and related educational
      institutions who offer their employees the opportunity to participate in the Program’s investment vehicles.