Summit Group Retirement Planners Inc

Item 5 Fees and Compensation

Asset Management Fees
Pursuant to an Investment Advisory agreement signed by each client, the client will pay Summit
an annual Investment Advisory fee, payable quarterly either in advance or arrears, based on the
value of portfolio assets of the account on the last business day of the quarter. Alternatively,
Summit may charge a flat fee per year quarterly either in advance or arrears for investment
advisory services. New account fees will be prorated from the inception of the account to the end
of the first quarter.

Investment Advisory fees range up to 2.00% per annum, or up to $25,000 per year in the case of
the flat fee, depending on the type and complexity of the investment management strategy
employed as well as the size of the account or overall client relationship. Investment Advisory
fees may be reduced or waived for directors, officers, and employees of Summit at the discretion
of management. These fees may be negotiated by Summit at its sole discretion. The client will
give written authorization permitting the Advisor to be paid directly from their account held by
the Custodian. The Custodian calculates the Advisor’s fee each quarter and will send a quarterly
statement to the client. Where it is not convenient to deduct fees directly from client accounts,
Advisor will send an invoice to the client at the beginning of the quarter, and the invoice is payable
thirty days after receipt by client.

Investment Advisory Services Including Financial Planning
As an alternative to the percentage of assets under management fee described above, clients can
choose to pay for services under the following arrangements.

       Hourly Fee
Some clients will contract to have financial planning advice provided based on an hourly fee. The
Advisor’s hourly fee will be billed at a rate of up to $500 per hour. The Advisor’s hourly fees will
be negotiated and agreed upon by the parties in advance. Hourly fee-based clients are billed on a
monthly or quarterly basis upon completion of work performed.

        Fixed Fee
Summit may charge a fixed fee for comprehensive advice planning services including financial
planning services of up to $50,000 as contracted for with client in advance. Fixed fees may be
negotiated at the discretion of the Advisor. Fixed fee-based clients may be billed either in advance
or arrears and in varying periods (e.g., monthly or quarterly), or full payment in advance, or one-
half payment in advance and the remainder on completion of services, as meets the client’s needs
and defined in the financial planning agreement.

         Fee Based on Net Worth
For clients where Summit provides wealth management services in addition to portfolio
management, such as financial planning, investment education, wealth protection, and business
consulting, the services can be provided on a percentage of the client’s net worth of up to 0.75%
per year. This fee is instead of the Investment Advisory fee or the hourly or fixed fees described
in this Item 5. There is a $500 minimum for the net worth fee and a maximum of $25,000. The
actual fee will be negotiated with the client based on the services to be provided and the complexity

Summit Group Retirement Planners, Inc. Page 7

of the client’s circumstances. Net Worth clients will be invoiced each quarter, either in advance
or arrears, and the fee may be paid by check, ACH, or credit card. Summit passes through any
credit card transaction fees on such payments to clients.

         Subscription Fee
Financial planning clients that require ongoing services including quarterly updates and ongoing
discussions with Summit personnel concerning financial questions may engage Summit on a
subscription basis for a monthly fee that varies by client income level as described in the following
table. The fee is negotiable and is charged monthly in arrears. The fee may be paid by check,
ACH, or credit card. Summit passes through credit card transaction fees on such payments to
clients.

                                  Income            Monthly Fee
                            $0 - $24,999                $25
                            $25,000 - $49,999           $50
                            $50,000 - $74,999           $75
                            $75,000 - $100,000         $100
                            Over $100,000            Negotiable

Qualified Retirement Plan Consulting Services
Plan Sponsors of startup plans will pay the Advisor a flat consulting fee of up to $25,000 for
services related to the setup of the Plan. In addition, all Plans will pay the Advisor a percentage
of assets under management consulting fee at an annual rate ranging up to 3.00% of assets in the
Plan including the value of any outstanding loans from the Plan to Participants, for investment
advisory services. The fees may be negotiated or waived at the discretion of the Advisor. The
percentage of assets consulting fee is payable quarterly, either in advance or arrears, based on the
fair market value of assets in the Plan at the end of each quarter. The consulting fee in the first
quarter of the Agreement shall be prorated from the inception date to the end of the quarter. The
flat fee is payable quarterly in arrears and is invoiced with the percentage of assets consulting fee.
The Advisor shall invoice the Plan Sponsor for the consulting fee. The Plan Sponsor may, at its
election, submit invoices for this consulting fee to the custodian of the Plan's assets for payment.
The Plan Sponsor agrees to payment of these invoices, whether directly from the Plan Sponsor or
from the Plan's custodian, promptly, and, under normal circumstances, by the end of the month in
which the invoice is submitted. Fees are negotiable. There will be no pre-payment of fees.

Alternatively, Summit may provide services for Plans with more than $1 million in Plan assets for
a flat fee negotiated between Summit and the Plan. The flat fee ranges up to $250,000 per annum.
...

Item 7 Types of Clients

The Advisor will offer its services to individuals (retirement and non-retirement accounts),
pension and profit-sharing plans, Non-Qualified Deferred Compensation Plans, SEP IRAs,
SIMPLE IRAs, trusts, estates, charitable organizations, corporations and other business entities.

The Advisor does not have any minimum requirements for opening or maintaining an account.