PGIM DC Solutions LLC

ITEM 5. FEES AND COMPENSATION
PGIM DCS’s fees are generally negotiated by the plan sponsor or plan provider on behalf of the plan. The actual fees will take
into consideration a broad range of factors such as amounts of assets in the plan, plan complexity and competitive forces in the
marketplace.

Managed Accounts

Fees for participants enrolled in the Managed Accounts program will be based on the assets in the account managed under the
service. PGIM DCS may offer discounted fees or other promotional pricing to certain plan sponsors, plan providers or plan
advisors, as applicable. PGIM DCS’s fee typically ranges between 0 - 0.40% annually. In some cases, PGIM DCS may waive the
fee for a specific timeframe.

A participant may terminate services without penalty at any time. Upon termination, any unpaid fees will be deducted from the
participant’s account.

Advice Program

A participant is not charged a fee by PGIM DCS to use the Advice Program. Participants should check with their plan sponsor,
recordkeeper or plan provider to determine if there are any fees charged by other parties.

Retirement Portfolios (Target Date Portfolios, Retirement Spending Portfolios)

For the Retirement Portfolios, we negotiate sub-advisory fees with the advisers of such portfolios. We are compensated for our
advisory services under asset-based fee schedules.

Fees for Technology Services Offered

As described in Item 4, PGIM DCS may provide technology services in the form of its proprietary Assignment Tool to
unaffiliated managers or IFEs. Fees for these technology services will be negotiated on a case-by-case basis and set forth in the
agreement between PGIM DCS and the respective unaffiliated manager or IFE.

Payment of Fees

For Managed Accounts, the plan’s recordkeeper will typically calculate and debit PGIM DCS’s fees from each participant’s
account and pay fees to PGIM DCS. The timing of when such fees will be deducted (e.g., monthly or quarterly) from a
participant’s account will be determined on a case-by-case basis as between the plan sponsor/recordkeeper and PGIM DCS.

Other Fees

PGIM DCS fees are separate from fees and expenses charged by a third party, such as the plan provider or other investment
adviser. Participants are generally responsible for other fees and expenses related to their investments, including custodian fees,
brokerage fees and administrator fees for mutual funds, investment funds and other commingled vehicles. Information about
such fees is available in the fund prospectuses and related materials. In addition, the plan sponsor or recordkeeper may provide
information to participants about these types of fees.

Compensation from Proprietary Products

PGIM DCS does not receive any compensation related to the sale of securities or other investment products. Our supervised
persons do not receive any compensation directly related to our sale of securities or other investment products, but the sale of
our advisory services is considered, along with many other factors, in determining the compensation of our sales personnel. Any

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such compensation would be payable by PGIM DCS and not its clients.

A participant will pay advisory fees to affiliates of PGIM DCS if PGIM Proprietary Funds are included in the plan’s
investment line-up. See Item 10 (Other Financial Industry Activities and Affiliations).

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ITEM 7. TYPES OF CLIENTS
PGIM DCS’s clients include the Retirement Portfolios, including mutual funds and their investment managers, CITs and their
trustee, and insurance companies with respect to their separate accounts. PGIM DCS receives sub-advisory fees. PGIM DCS
and the investment managers of the Retirement Portfolios negotiate such fees.

We provide our services to both affiliated and non-affiliated clients.

It is anticipated that PGIM DCS will be engaged by plan sponsors and recordkeepers in order to provide investment advice to
participants in their retirement plans and IRAs. Participants typically must be considered residents of the U.S. and have a
retirement account within a defined contribution plan offered by the plan sponsor or other retirement account such as an IRA.
The plan sponsor and recordkeeper may apply additional restrictions for participation due to plan or regulatory requirements.
There is no minimum asset value or account size for participation in any Managed Account and Advice Programs offered by
PGIM DCS.

As described in Item 4, PGIM DCS may also be engaged by unaffiliated investment managers and/or IFEs to provide technology
services which are not considered advisory services.

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FORM ADV—PART 2A