PhD Consulting LLC

Item 5 – Fees and Compensation

Investment Related Retirement Plan Management Services

The fee for management services is either a flat fee or a percentage of assets fee ranging from 5
basis points to 50 basis points. Fees are billed in arrears and may be billed quarterly or monthly.

Fees may be deducted directly from plan assets with proper authorization or may be billed
directly to the client. Client may terminate a contract at any time subject to the contract terms.
When a relationship is terminated, fees are prorated.

Fees charged by PHD are separate from plan administrative costs, from transaction costs, and
from fees and expenses charged by mutual funds that may be held by the plan.

Investment Related Retirement Plan Consulting Services

The fee for non-management consulting services is either a flat fee or a percentage of assets fee
ranging from 5 basis points to 50 basis points. Fees are billed in arrears and may be billed
quarterly or monthly. Fees may be deducted directly from plan assets with proper authorization
or may be billed directly to the client. Client may terminate a contract at any time subject to the
contract terms. When a relationship is terminated, fees are prorated.

Fees charged by PHD are separate from plan administrative costs, from transaction costs, and
from fees and expenses charged by mutual funds that may be held by the plan.

Non-Investment Related Consulting Services

Fees for non-investment related consulting services, which may include consulting related to
financial wellness, project work related to benchmarking studies, and RFP services, is a fixed
amount which is negotiated based on the level of service provided. Fees are billed in arrears
upon completion and are billed directly to the client.

Item 7 – Types of Clients

PHD provides services to businesses and retirement plans.

For its services, PHD does not require a minimum dollar value in assets for establishing or
maintaining an institutional account, but the firm reserves the right to decline engagements for
various reasons including account size.