PCA Investment Advisory Services Inc

ITEM 5 - FEES AND COMPENSATION

PENSION CONSULTING & INDIVIDUAL CLIENT FEES

Our investment advisory and consulting fees can be charged at a fixed rate, or as a
percentage of investable assets generally ranging between 0.05%-0.75%. The
annualized fee for service is stated in the Investment Management Agreement. It is based
primarily on the level of assets managed and scope of services rendered, though other
factors may be considered.

In the case of clients who designate us as an ERISA Section 3(38) Consultant, an
additional asset-based fee ranging between 0.01% - 0.25% per year will be applicable,
again based on the level of assets managed and scope of the services rendered.

FINANCIAL PLANNING FEES
The rate for creating a client financial plan will be charged as either a fixed or hourly fee.
Our financial planning fees typically range from $750 to $2,500 when calculated and
charged on a fixed fee basis. Alternatively, our financial planning fees, if calculated and
charged on an hourly basis, typically range from $100 to $250 per hour. The fee will be
determined based on the nature of the services being provided and the complexity of
each client’s circumstances. The fees are negotiable and the final fee schedule will be
included in the Financial Planning Agreement.

GROUPIRA® MEMBERS FEES

PCA Investment Advisory Services Inc. will receive an advisory fee in accordance with
the rates set forth in our Service Agreement with GROUPIRA® members. The fees are
charged as a percentage of investable assets generally ranging between 0.45% -0.65%.
They are paid electronically at least once per month, in arrears, directly from the
member’s account.

PCA MANAGED ACCOUNT SERVICES FEES

PCA Investment Advisory Services Inc. will receive an advisory fee in accordance with
the rates set forth in our PCA Managed Account Service Agreement. The fee will be paid
electronically and in arrears and generally ranges from 0.20% - 0.45% annually.

GENERAL INFORMATION

Fees charged as a percentage of investable assets are payable either monthly or
quarterly in arrears based on the assets under management. Where assets are under our
management for only part of a month or quarter, i.e. at either the beginning or end of an
engagement, the fees are prorated based on the number of days the assets remained
under our management. Fixed or Hourly Financial Planning fees can be paid via check.

Associated persons of PCA Investment Advisory Services Inc. can receive commissions
for executing securities transactions, or 12b-1 distribution fees from the investment
companies chosen by the plan sponsor. In such cases, PCA Investment Advisory
Services Inc. provides full disclosure to plan sponsors regarding such commissions and
fees. PCA Investment Advisory Services Inc. will offset any commissions or fees received
by such associated persons from asset-based advisory fees charged by PCA Investment
Advisory Services Inc. for ongoing services, or other plan-related expenses. The receipt
of such fees and their availability from different vendors could create conflicts of interest.

Management personnel and other related persons of our firm are licensed as registered
representatives of a broker-dealer and/or licensed as insurance agents or brokers. In their
separate capacity(ies), these individuals are able to implement investment

recommendations for advisory clients for separate and typical compensation (i.e.,
commissions, 12b-1 fees or other sales-related forms of compensation). This presents a
conflict of interest to the extent that these individuals recommend that a client invest in a
security which results in a commission being paid to the individuals. Clients are not under
any obligation to engage these individuals when considering implementation of advisory
recommendations. The implementation of any or all recommendations is solely at the
discretion of the client.

Termination of the Advisory Relationship: A client agreement may be canceled at any
time, by either party, for any reason upon receipt of written notice.

Mutual Fund Fees: All fees paid to PCA Investment Advisory Services Inc. for investment
advisory services are separate and distinct from the fees and expenses charged by mutual
funds and/or ETFs to their shareholders. These fees and expenses are described in each
fund's prospectus. These fees will generally include a management fee, other fund
expenses, and a possible distribution fee. A client could invest in a mutual fund directly,
without our services. In that case, the client would not receive the services provided by our
firm which are designed, among other things, to assist the client in determining which
mutual fund or funds are most appropriate to each client's financial condition and
objectives. Accordingly, the client should review both the fees charged by the funds and
our fees to fully understand the total amount of fees to be paid by the client and to thereby
evaluate the advisory services being provided.

In the case where Pension Corporation of America is providing transfer agent
services to PCA Investment Advisory Services’ clients, and these activities are
performed by employees or representatives of PCA Investment Advisory Services,
the firm may receive a mutual fund reimbursement.

Wrap Fee Programs and Separately Managed Account Fees: Clients participating in
separately managed account programs may be charged various program fees in addition
to the advisory fee charged by our firm. Such fees may include the investment advisory
fees of the independent advisers, which may be charged as part of a wrap fee
arrangement. In a wrap fee arrangement, clients pay a single fee for advisory,
brokerage and custodial services.

Client’s portfolio transactions may be executed without commission charge in a wrap fee
arrangement. In evaluating such an arrangement, the client should also consider that,
depending upon the level of the wrap fee charged by the broker-dealer, the amount of
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ITEM 7 - TYPES OF CLIENTS
PCA Investment Advisory Services Inc. provides advisory services to the following types
of clients:
    - Individuals (other than high net worth individuals)
    - High Net Worth Individuals
    - Pension and profit sharing plans (other than plan participants)
    - Corporations or other businesses not listed above
    - Other