Retirement Fund Management LLC

Item 5 Fees and Compensation
General Fee Information
Fees paid to RFM are exclusive of all custodial and transaction costs paid to the client's custodian,
brokers or other third party consultants. Please see Item 12 - Brokerage Practices for additional
information. Fees paid to RFM are also separate and distinct from the fees and expenses charged by
mutual funds, ETFs (exchange traded funds) or other investment pools to their shareholders (generally
including a management fee and fund expenses, as described in each fund's prospectus or offering
materials). The client should review all fees charged by funds, brokers, RFM and others to fully
understand the total amount of fees paid by the client for investment and financial-related services.

Retirement Plan Management/Consulting Fees
The annual fee schedule, based on a percentage of assets under management, is as follows:

                                On the first $3,000,000          0.60%
                                On the next $3,000,000           0.45%
                                On the next $4,000,000           0.30%
                                All above $10,000,000            0.20%

The minimum portfolio value is generally set at $5,000,000. The minimum annual fee for any account
is $20,000. RFM may, at its discretion, make exceptions to the foregoing or negotiate special fee
arrangements where RFM deems it appropriate under the circumstances.

Portfolio management fees are generally payable quarterly, in arrears. If management begins after the
start of a quarter, fees will be prorated accordingly. With client authorization and unless other
arrangements are made, fees are normally debited directly from client account(s).

Either RFM or the client may terminate their Investment Management Agreement at any time, subject
to any written notice requirements in the agreement. In the event of termination, any paid but
unearned fees will be promptly refunded to the client based on the number of days that the account
was managed, and any fees due to RFM from the client will be invoiced or deducted from the client's
account prior to termination.

Individual Client Service Fees
Fees for individuals who retain RFM for management services are negotiated individually, based upon
the level of service needed and the client's individual circumstances. Fees may be charged on a
percentage of the managed assets, or on an hourly or fixed fee basis.

Item 7 Types of Clients
RFM serves individuals, pension and profit-sharing plans, trusts, and estates. With some exceptions,
the minimum portfolio value eligible for conventional investment advisory services is $5,000,000 and
the annual minimum fee charged is $20,000. Under certain circumstances and in its sole discretion,
RFM may negotiate such minimums.