Procourse Fiduciary Advisors LLC

Item 5 – Fees and Compensation

Plan Sponsor and Other Institutional Clients

MJ Retirement provides certain services and information to institutional clients
independent of the custodian, investment manager, or plan administrator.        MJ
Retirement receives no commission or other compensation from any source other than

the fees outlined below. All compensation to MJ Retirement will be disclosed to the
client by MJ Retirement.

Our fees chargeable to Plan Sponsor and Institutional Clients are negotiable individually
with each client depending on the scope and nature of the services provided. Fees will
be agreed upon with the client prior to the start of the engagement and will be described
in the applicable client’s service agreement.

Fees are generally payable in advance at the beginning of each quarter. If the fee is
based in full, or in part, on the market value of the client’s assets, the asset value will be
determined as of the end of the last business day of the calendar quarter immediately
preceding the first day of the calendar quarter which the fee covers. Fees for Plan
Sponsor and Institutional clients engaging MJ Retirement in mid-quarter will be prorated
and calculated on a per diem basis. Fees for the Pooled Employer Plan (PEP) are
payable in advance, based on the market value of plan assets determined as of end of
the last business day of the calendar quarter.

Fees may be billed to the client or to a third party administrator or custodian at the
client’s instruction. MJ Retirement also may deduct fees directly from clients’ accounts,
if so authorized by the client.

In the event that MJ Retirement or client terminates the service agreement prior to the
end of a calendar quarter, any fees paid for that quarter will be pro-rated accordingly,
and MJ Retirement will refund any unearned fees due to the client. Any fees due, but
unpaid will be due from the client promptly upon termination.

Fees for Consultations will be quoted to the client prior to the engagement.

MJ Retirement’s fees do not include any fees charged by certain custodians, brokers,
investment managers or other service providers, transaction costs, wire transfer or
electronic transfer fees. For a discussion of brokerage arrangements that may be
entered into by or on behalf of clients, see Item 12 of this Brochure captioned
“Brokerage Practices.” Clients are responsible for all transactional costs borne by their
respective accounts, including the expenses listed above. MJ Retirement will provide
investment advisory services and portfolio management services, but will not provide
securities execution, custodial, and other administrative services. At no time will MJ
Retirement accept or maintain custody of a client’s funds or securities. Mutual funds
generally charge an internal expense ratio which is disclosed in the fund’s prospectus.
MJ Retirement does not receive any portion of the internal expense ratio.

Wealth Management Clients

MJ Retirement’s fees chargeable to its Wealth Management Clients are based upon
the market value of the investment assets under advisement. Generally, the fee
schedule is as follows:

   •   0.75% of investment assets under advisement up to $1,000,000.

   •   0.50% of the next $1,000,000 of investment assets under advisement; and

   •   fees for the portion of investment assets under advisement in excess of
       $2,000,000 are negotiable.

Our fees are negotiable individually with each client and will be disclosed in the
applicable client’s service agreement.

Fees are payable in advance at the beginning of each quarter. If the fee is based in full,
or in part, on the market value of the client’s assets, the asset value will be determined
as of the end of the last business day of the calendar quarter immediately preceding the
first day of the calendar quarter which the fee covers. Fees for Wealth Management
clients engaging MJ Retirement in mid-quarter will be prorated and calculated on a per
diem basis.

MJ Retirement’s fees may be billed or deducted directly from the client’s accounts per
the client’s instruction.

MJ Retirement’s fees do not include any fees charged by certain custodians, brokers,
investment managers or other service providers, transaction costs, wire transfer or
electronic transfer fees. For a discussion of brokerage arrangements that may be
entered into by or on behalf of clients, see Item 12 of this Brochure captioned
“Brokerage Practices.” MJ Retirement will provide investment advisory services and
portfolio management services, but will not provide securities execution, custodial, and
other administrative services. At no time will MJ Retirement accept or maintain custody
of a client’s funds or securities. Mutual funds generally charge an internal expense ratio
which is disclosed in the fund’s prospectus. MJ Retirement does not receive any
portion of the internal expense ratio.

In the event MJ Retirement or the client terminates the service agreement prior to the
end of a calendar quarter, any fees paid for that quarter will be pro-rated accordingly,
and MJ Retirement will refund any unearned fees due to the client. Any fees due, but
unpaid, will be due from the client promptly upon termination.

Item 7 – Types of Clients

MJ Retirement provides advisory and fiduciary services to qualified retirement plans,
non-qualified retirement plans, foundations, endowments, corporations, and other
businesses. MJ Retirement also provides advisory services to wealthy individuals
(Wealth Management Clients) on a continuous and regular basis.

MJ Retirement does not require a minimum account size, but may impose a minimum
annual fee.