Stancorp Investment Advisers Inc

Item 5 – Fees and Compensation
Retirement plan clients pay Standard Retirement Services fixed and asset-based fees for administrative and recordkeeping
services, and, if applicable, advisory services provided to plans and plan participants by us. We do not directly charge for
our services. If any investment advisory fees are charged by Standard Retirement Services, such fees are charged and
collected on our behalf. Generally, we are compensated by, and our operations are subsidized through, an intercompany
agreement for the investment advisory services we provide to retirement plan clients of Standard Retirement Services
and Standard Insurance Company. Fees, which may be invoiced or deducted from plan assets, are charged in arrears each
quarter.

Most of our clients pay a bundled asset-based fee to Standard Retirement Services which may include fees for ERISA
3(21) or 3(38) fiduciary services that we provide. You can choose to have these fees itemized. The fees you pay Standard
Retirement Services, including the manner in which they are paid, are negotiated between you and Standard Retirement
Services, and may vary from client to client. However, fees charged for investment advisory services will not exceed six
basis points of the value of the plan assets. In some cases, you may not be charged any additional fees by Standard
Retirement Services for the investment advisory services we provide. You should refer to the Administrative Services
Agreement regarding specific information regarding the fees charged for any investment advisory services provided to
your plan. There are no portfolio management fees for our asset allocation models.

Participants enrolled in Mainspring Managed may be subject to the monthly fee schedule below. If Mainspring Managed
is selected as the Qualified Default Investment Alternative for the plan, these fees will not apply.
                                       Account Balance               Fee
                                         $0 - $5,000                  $0
                                       $5,000 - $10,000               $5
                                          $10,000+                   $10
There are various factors considered and discussed with a plan sponsor when recordkeeping and, if applicable, investment
advisory, fees for the retirement plan are proposed. These factors include, but are not limited to, the size of the plan,
complexity of the services required, extent of the plan’s relationship with us and our affiliates, competitive conditions in
the marketplace, and whether a proprietary product is selected by the plan sponsor or its designated independent fiduciary
as an investment option. At its discretion, Standard Retirement Services can also waive fees for ERISA 3(21) services
and/or ERISA 3(38) services when pricing out a bundled service sought by a plan sponsor.

If a plan sponsor has elected Standard Stable Asset Fund as the investment option for its cash equivalent asset class, they
can also select a lower crediting rate in order for Standard Retirement Services to propose lower administrative fees. Both
the return and fee would reflect the reduction authorized by the plan sponsor and the rate of return for the Standard Stable
Asset Fund could be below the guaranteed minimum rate after the offset is applied. If the plan sponsor had not elected to
take a reduction in the return to offset against the fee, the assets in the account would earn a higher rate of return but the
plan would pay a higher fee for services.

As described above, in accordance with an intercompany agreement between StanCorp Investment Advisers and Standard
Retirement Services, Standard Retirement Services collects any fees that are charged for our services on our behalf and is
contractually obligated to pay us a fixed annual fee for providing investment advisory services to all Standard Retirement
Services clients who elect to receive such services.

We and/or our affiliates economically benefit from our clients’ participation in our investment advisory services. In
addition, managed assets invested in the Standard Stable Asset Fund may be a significant source of revenue for Standard
Insurance Company. The impact of any such fees and compensation should be carefully considered in any evaluation of
our services. Plans and/or participants have the right to independently contract for advisory services by another adviser
that has no material affiliation with and receives no compensation in connection with services we provide. The use of our
services by any participant is optional and/or determined by the plan sponsor.

Portfolios that include mutual funds or other pooled investment vehicles can have a layered fee structure. The funds’
expenses, including any management fees, are deducted from the value of the funds. These expenses are in addition to our
fees, if any, for our services, and the fees reduce investment returns. We generally recommend mutual funds that are “no-
load” and have the lowest expenses, net of any mutual fund expenses or credits that are returned. StanCorp Investment
Advisers does not receive or retain any compensation from mutual fund companies and any revenue sharing that is passed
on to our affiliates, Standard Retirement Services or Standard Insurance Company, by the fund’s issuer or a custodial
platform is returned to the plan.

In addition, plans and participants are subject to additional fees charged by the custodian for various custodial services as
further described in the custodial agreement and related fee schedules. Neither we nor any of our affiliates receive any
portion of these fees. In addition, StanCorp Investment Advisers does not charge any trading-related fees.

Retirement plan clients may terminate our services in accordance with the terms in the investment advisory agreement. In
addition, termination of Standard Retirement Services’ Administrative Services Agreement will also terminate all
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Item 7 – Types of Clients
We provide advisory services to the retirement plan clients of Standard Retirement Services and Standard Insurance
Company. Retirement plan clients include tax-qualified corporate plans under Section 401 of the Internal Revenue Code
of 1986, as amended, governmental plans qualified under Code Section 457, and custodial account plans described by
Code Section 403(b)(7) as well as various types of defined benefit pension plans. To the extent that a plan sponsor client
hires us to provide investment advisory services to plan participants through Mainspring Managed, we also provide
portfolio management services to the plan’s participants. We also provide investment management services to certain
endowments and other entities, but those services represent a legacy program for which we no longer accept new clients.