Specialized Retirement Consultants LLC

Item 5: Fees and Compensation

A. Fee Schedule

Portfolio Management Services Fees

                      Total Assets                             Annual Fee

        $0 - $1,000,000                             0.75%

        $1,000,001 - $2,000,000                     0.50%

        $2,000,001 - $5,000,000                     0.25%

        $5,000,001 and above                        0.10%

These fees are negotiable and the final fee schedule is attached as Exhibit II of the
Investment Advisory Contract.

The balance in the client’s account on the last day of the billing period is used to determine
the market value of the assets upon which the advisory fee is based.

Clients may terminate the agreement without penalty, for full refund of SRC’s fees, within
five business days of signing the Investment Advisory Contract. Thereafter, clients may
terminate the Investment Advisory Contract with thirty days’ written notice.

Pension Consulting Services Fees

Asset-Based Fees for Pension Consulting**

        Total Assets Under Management               Annual Fee
        $0 - $1,000,000                             0.75%

        $1,000,001 - $2,000,000                     0.65%

        $2,000,001-$5,000,000                       0.45%

        $5,000,001-$10,000,000                      0.30%

        $10,000,001- $25,000,000                    0.25%

        $25,000,000-AND UP                          Less than 0.25%

              **Pension Consulting Service Fees are subject to a $6,000 minimum charge.

SRC uses the value of the account as of the last business day of the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

These fees are generally negotiable and the final fee schedule will be memorialized in the
client’s advisory agreement.

Clients may terminate the agreement without penalty for a full refund of SRC's fees within
five business days of signing the Investment Advisory Contract. Thereafter, clients may
terminate the pension consulting agreement immediately upon written notice. SRC uses
an average of the daily balance in the client’s account throughout the billing period, after
taking into account deposits and withdrawals, for purposes of determining the market
value of the assets upon which the advisory fee is based.

Fixed Fees

The rate for creating client pension consulting plans is between $4,500 and $150,000. The
final fee schedule will be memorialized in the client’s advisory agreement. This service
may be canceled immediately upon written notice.

Hourly Fees

The hourly fee for these services is between $200 and $400. The final fee schedule will be
memorialized in the client’s advisory agreement.

Financial Planning Fees

   Fixed Fees

   The rate for creating client financial plans is between $500 and $10,000. The fees are
   negotiable and the final fee schedule will be attached as Exhibit II of the Financial
   Planning Agreement.

Clients may terminate the agreement without penalty, for full refund of SRC’s fees, within
five business days of signing the Financial Planning Agreement. Thereafter, clients may
terminate the Financial Planning Agreement with upon written notice.

B. Payment of Fees

Payment of Portfolio Management Fees

Portfolio management fees are withdrawn directly from the client’s accounts with client’s
written authorization. Fees are paid quarterly in arrears.

Payment of Pension Consulting Fees

Asset-based pension consulting fees are withdrawn directly from the client's accounts
with client's written authorization on a quarterly basis, or may be invoiced and billed
directly to the client on a quarterly basis. Clients may select the method in which they are
billed. Fees are paid in arrears.

Fixed pension consulting fees are paid via check. These fees are paid in arrears upon
completion.

Hourly pension consulting fees are paid in arrears upon completion.

Payment of Financial Planning Fees

Fixed Financial Planning fees are paid via check. Fees are paid upon completion.

C. Client Responsibility For Third Party Fees

Clients are responsible for the payment of all third party fees (i.e. custodian fees,
brokerage fees, mutual fund fees, transaction fees, etc.). Those fees are separate and
distinct from the fees and expenses charged by SRC. Please see Item 12 of this brochure
regarding broker-dealer/custodian.

D. Prepayment of Fees

SRC collects its fees in arrears. It does not collect fees in advance.

       Refunds, if any, will be returned within fourteen days to the client via check or return
       deposit back into the client’s account.

       E. Outside Compensation For the Sale of Securities to Clients

       Neither SRC nor its supervised persons accept any compensation for the sale of
       investment products, including asset-based sales charges or service fees from the sale of
       mutual funds.

Item 7: Types of Clients

SRC generally provides advisory services to the following types of clients:

           ❖   Individuals
           ❖   High-Net-Worth Individuals
           ❖   Pension and Profit Sharing Plans
           ❖   Corporations or Business Entities

There is no account minimum for any of SRC’s services.