Stadion Money Management LLC

Item 5 – Fees and Compensation

General Information Regarding Fees

The specific way fees are charged by Stadion are established in a client’s written agreement with Stadion.
Generally, fees are charged quarterly in arrears, but Stadion will also enter into arrangements where fees
are accrued daily and billed monthly for certain share classes of CIFs. Stadion may also enter into
arrangements where fees are billed in advance, but as of the date of this Brochure has no such arrangements.
Typically, fees are charged on a quarterly basis as a percentage of assets under management based on the
account balance at the end of a calendar quarter. Participants in StoryLine plans at certain Recordkeepers
will be subject to the greater of the annual fee charged as a percentage of assets under management or $120.
Since fees are billed quarterly, the minimum quarterly fee will be $30. For StoryLine plans that include a
minimum fee, Stadion will waive its fee on a quarterly basis (the asset-based fee and minimum) for
participant accounts with less than $6,000. Stadion may also enter into flat-fee arrangements with certain
clients on a case-by-case basis. Typically, investment management fees charged as a percentage of assets
under management are based on account balances at the end of a calendar quarter provided by the
Recordkeeper. Clients may authorize Stadion to deduct Stadion’s fees directly from their account by
sending an invoice to the Recordkeeper. The Recordkeeper does not check the fee calculation, percentage
or amount to be deducted, so the client is responsible for reviewing fee deductions shown on account
statements and informing Stadion of any suspected errors. Accounts initiated or terminated during a billing
period will be charged a prorated fee. Upon termination of any account, any prepaid, unearned fees will be
promptly refunded, and any earned, unpaid fees will be due and payable. When Stadion collects its
investment management fee from plan or participant accounts, Stadion will waive (i.e., not receive) its fee
for investment advisory services rendered to the Stadion Funds. Conversely, for assets invested in Stadion
Funds where fees are accrued daily and collected monthly for certain share classes of Stadion Funds,
Stadion will waive (i.e., not receive) its fee for investment advisory services rendered to plan and participant
accounts.

Although detailed information about the general fee schedules for each program is set forth below, fees for
each program are negotiable and may vary from client to client. Except for fees in the Stadion Retirement
Account Management Program, Stadion’s fees are exclusive of brokerage commissions, transaction fees
and other related costs and expenses incurred by the client. See Item 12 (Brokerage Practices) for a more
detailed discussion of Stadion’s brokerage practices. Clients may also incur charges imposed by
Recordkeepers, custodians, brokers, third party investments and other third parties such as fees charged by
managers, custodial fees, deferred sales charges, odd-lot differentials, transfer taxes, wire transfer and
electronic fund fees and other fees and taxes on brokerage accounts and securities transactions. Client
accounts that are invested in mutual funds or ETFs will be subject to such investments’ internal management
fees, which are disclosed in each such investment’s prospectus. Such charges, fees and commissions are
exclusive of and in addition to Stadion’s fee.

Fee information for Stadion’s Retirement Account Management Program

Where Stadion’s services within its Retirement Account Management Program are offered as a qualified
default investment option (QDIA) in third party retirement plans, the annual, asset-based management fees
for such services generally range from 0.15% to 0.75%. Fees for services offered as an individual
participant choice typically range from 0.35% to 1.00% (depending on certain factors, such as plan size).
For certain services to retirement plans and participants, Stadion will also waive fees for accounts less than
$6,000 and assess a minimum fee of $120 if that amount is greater than the asset-based fee.

Fees for investment advisory services will generally range from 0.05% to 0.75%. In certain circumstances,
Stadion may offer investment advisory services at different fee rates through the same Recordkeeper in

order to accommodate the Recordkeepers’ different arrangements for administrative support services (i.e.,
Stadion’s fee will vary because different portions of the fee are redirected to cover administrative support
service costs of the Recordkeeper).

Fees for Stadion’s Custom Advisor Managed Account (“CAMA”) service, fees will generally range from
0.10% to 0.20% depending on the respective roles the RPA and Stadion assume. When Stadion is a fiduciary
to the plan and participants the fee will generally be 0.20%. When Stadion is a sub-adviser to the RPA,
Stadion’s fee will generally be 0.10% and paid out of the RPA’s management fee. The RPA charges a
management fee for their services. Stadion is not involved in establishing the RPA’s fee with plan sponsors
and participants. Further information about an RPA’s fees will be located in their respective Brochures.

Fees for Stadion’s Retirement Plan Services fees will generally range between 0.02% and 0.10%. The fee
is typically charged quarterly in arrears based on assets held at calendar quarter-end.

Fee information for Stadion’s Institutional Account Management Program

Stadion provides investment advisory or sub-advisory services under its Institutional Account Management
Program to the following investment companies, registered investment advisers and pooled investment
vehicles:

Investors Master Trust for Employee Benefit Trusts. Fees are 0.00%, 0.27%, 0.35%, 0.40% and 0.55%,
depending on share class.

Insurance Separate Accounts. For assets invested in Stadion-managed ISAs through the Retirement
...

Item 7 – Types of Clients

Under its Retirement Account Management Program, Stadion provides portfolio management services to
IRA account holders, retirement plan participants, corporate pension, profit-sharing, 401(k), employer-
directed, cash balance, and similar plans. Under its Institutional Account Management Program, Stadion
provides portfolio management services to the Investors Master Trust and third-party ISAs.

The minimum account sizes under Stadion’s programs are as follows:

    •   Retirement Account Management Program: None.
    •   Institutional Account Management Program: None