Truist Advisory Services Inc

FEES AND COMPENSATION

Consulting Services Fees
TAS offers Clients several options for the payment of fees for investment consulting services. You may agree to pay a fixed
fee or an asset-based fee Clients are billed quarterly, in arrears. Fees are pro-rated for accounts that are opened or closed
during the quarter.

The fee structure for Investment Consulting Services is negotiable and can be a fixed dollar or a percentage of the Client’s
assets. The following fee schedule applies:

                                   Assets Under
                            Advisement/Management                TAS Program Fee
                             First $0 -    $100,000                    2.25%
                            Next $100,001 - $250,000                   2.20%
                           Next $250,001 - $500,000                    2.15%
                          Next $500,001 - $1,000,000                   2.00%
                         Next $1,000,001 - $2,000,000                  1.85%
                        Next $2,000,001 - $5,000,000                   1.75%
                       Next $5,000,001 - $10,000,000                   1.65%
                      Next $10,000,001 - $25,000,000                   1.50%
                             $25,000,001 and Over                      1.45%

Plan Sponsor Services
Fees for services are based on the initial plan assets and are negotiable depending upon the services selected and size of
the assets in a plan. An annual base fee of $2,500 applies to newly established plans. Accounts established before that
date are currently excluded from the annual base fee and will retain their original fee structure at this time. TAS reserves
the right to modify its plan service fees at any time upon notice to affected customers. Fees processed by record keeper
may be invoiced on a monthly or quarterly basis, in arrears or in advance. The Fee includes both TAS’ fee and ERS 3(21)
co-fiduciary fee.

TAS also pays ERS a quarterly base platform fee that increases above a standard set number of plan Clients.

The maximum per day fee for in-person participant education meetings is $1,500 and $500 for webinar education meetings.

As assets in a plan increase due to contributions, the fee can be updated with signed approval of the Plan Sponsor. The
fee is not automatically adjusted for increases in plan assets.

Plan Participant Services
Fees for services are based on the initial plan assets and are negotiable and depend upon the services selected and size
of the assets in a plan.

Fee Schedule for both Plan Sponsor and Plan Participant Services:

                         Initial Plan Assets                       Annual Fee Percentage

      $0 - $499,999                                                         1.00%

      $500,000 - $999,999                                                    .60%

      $1,000,000 - $2,999,999                                                .55%

      $3,000,000 - $4,999,999                                                .50%

      $5,000,000 - $9,999,999                                                .40%

      $10,000,000 - $14,999,999                                              .35%

      $15,000,000 - $19,999,999                                              .30%

      $20,000,000 – $24,999,999                                              .25%

      Over $25,000,000                                                    Negotiable

      *In-person participant education meetings (Plan            $1,500/per day maximum
      Sponsor Services Only)

      *Webinar education meetings (Plan Sponsor Services         $ 500/per day maximum
      Only)

*Charges apply after the four (4) hours included in services provided by the Plan Sponsor Service.

Additional Fee
Plan sponsors that elect ERS’ Envestnet ERS 3(38) discretionary services will incur an additional 0.05% fee.

Asset Valuation: For purposes of the computation of the value of investment vehicles of a plan where TAS’ RPCG does the
calculation, the quarter-end statement from the record keeper is utilized. Fees are calculated quarterly based on quarter- end
balances and invoiced quarterly in arrears. These values are believed to be reliable, but TAS will not verify the accuracy of
the information.

Consulting Services
Recommendations may be made to invest Client assets in mutual funds or pooled investment vehicles, including ETFs,
which, in addition to the consulting fee, incur the internal management and operating fees and expenses, mutual fund
management fees, early termination fees (which may include fees on whole or partial liquidations of these assets),
commissions and other fees and expenses that may be assessed by the investment vehicle’s sponsor, custodian, transfer
agent, adviser, shareholder service provider or other service providers. Such fees are not included in the consulting fee.
Further information regarding charges and fees assessed may be found in the appropriate prospectus, and/or annual report
and/or custodial agreement.

For purposes of determining the fee charged to a Client, TAS uses the custodian’s quarterly statement which includes the
asset values. Although the information collected by us is believed to be reliable, TAS does not independently verify this
information nor does TAS guarantee the accuracy or validity of such information.

AMC Advantage Program Fees
AMC Advantage accounts will be charged an asset-based fee (the “Program Fee”) that includes working with Clients and
Managers related to how an account is tailored specifically for a particular Client, reviewing performance reports and how

the Manager fits the Client’s overall allocation among other Client-related services and the custodial, execution, and
reporting services provided by NFS except for those charges that, as described below, will be paid by the Client. The
Program Fee does not include portfolio management and other advisory services charged by the Managers (including
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TYPES OF CLIENTS
TAS offers AMC Advantage and Consulting services to individuals, corporations and other business entities, charitable
organizations and not-for-profit organizations, the Consulting Services program is generally limited to plan sponsors and
participants of qualified plans and non-qualified deferred compensation plans; however, other account types are considered
on a case-by-case basis and subject to approval by senior management. TAS reserves the right to accept, reject or renew
any Client for advisory services. Our programs and services are not guaranteed by Truist Bank (“TB”) or any subsidiary of
Truist Financial Corporation. Products, programs sold or recommended by TAS are not insured by the Federal Deposit
Insurance Corporation unless specifically stated in a limited number of bank investments.

In general, the minimum account size related to the AMC Advantage Program is $100,000, but TAS may waive the minimum
account size in its sole discretion.

Plan Sponsor Service and Plan Participant Services are offered to the following types of plans: Profit Sharing, 401(k),
401(a), 403(b), 457, ESOP, Defined Benefit and Non-Qualified plans.

METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS

Artificial Intelligence and Technology-Assisted Tools
The Firm’s Equity Research Team uses AI-enabled research tools to help analyze publicly available information, identify
relevant market developments, and generate thematic observations that may warrant additional review. These tools are used
solely as supplements to the Team’s traditional research methods. All analyses and conclusions derived from AI-assisted
inputs are reviewed and evaluated by the Firm’s investment professionals, who remain fully responsible for the Firm’s
research assessments and investment decision-making processes.

Investment Consulting Services and Plan Participant Services
The main sources of information TAS Advisers use include financial newspapers and magazines, inspections of corporate
activities, research material prepared by others, corporate rating services, annual reports, prospectuses, filings with the
Securities and Exchange Commission and company press releases.

TAS and its Advisors may utilize research reports created by TAS’ Investment Advisory Group. A conflict exists when TAS
Advisors use the same research that TAS IAG use for managing the TAS AMC program portfolios, see Conflicts of Interest
– Research Reports Created by IAG and Used by TAS Advisors and Affiliated Firms Section below for details.

Investment strategies used to implement investment advice given to Clients include longer term purchases (securities held
at least one year), short term purchases (securities sold within a year), trading (securities sold within 30 days), margin
transactions and option writing, including covered options, uncovered options or spreading strategies.

Investing involves risks, including fluctuating returns and potential loss of principal that Clients should be prepared to bear.

Plan Sponsor Services
Under the agreement with ERS, ERS conducts the ongoing due diligence related to the investment vehicles available for
the service.

TAS’ Retirement Plans Consulting Group conducts the due diligence related to record keepers and third-party administrators
(“TPAs”) that Advisors are able to recommend to their plan sponsor Clients, where appropriate.

Mutual Funds: Mutual Fund values will fluctuate so that an investor’s shares, when redeemed may be worth more or less
that their original cost. Client should carefully review the fund prospectus and consider the investment objectives, risks and
charges and expenses of the investment company carefully before investing.

Exchange-Traded-Funds: Exchange-Traded-Funds values will fluctuate so that an investor’s shares, when sold, may be
worth more or less than their original cost. Clients should consider the investment objectives, risks and charges of an ETF
carefully before investing. Please read the prospectus carefully prior to investing.

Stable Value Funds: Stable Value Funds values will fluctuate so that an investor’s shares, when sold, may be worth more
or less than their original cost. Clients should consider the investment objectives, risks and charges of a Stable Value Funds
carefully before investing. Please read the prospectus carefully prior to investing.

Collective Investment Trust: Collective Investment Trust values will fluctuate so that an investor’s shares, when sold, may
be worth more or less than their original cost. Clients should consider the investment objectives, risks and charges of a
Collective Investment Trust carefully before investing. Please read the prospectus carefully prior to investing.

AMC Advantage
Client should read the Managers’ Brochures regarding the methods of analysis and investment strategies used in managing
Client assets.
Mutual Fund Share Class Selection: The Manager, which has been delegated complete discretionary authority, is solely
responsible for determining the appropriate mutual fund share class for Client accounts enrolled in this Program. TAS does
not review share classes utilized by Manager’s and will not change share class of any mutual fund in Client accounts
managed by Managers.

The Managing Director of Traditional Investment Research or designee conducts initial and ongoing due diligence reviews
related to the investment management firms in the AMC Advantage program and presents findings to the TIS/TAS Product
and Platform Committee.

If a manager no longer meets firm criteria, Clients will be notified to transition their account to a regular brokerage
commissioned account.
Investing involves risks, including fluctuating returns and potential loss of principal that Clients should be prepared to bear.

Cash Balances
Client should read the Managers’ Brochure for specifics of how cash balances are treated.

DISCIPLINARY INFORMTION
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