Voya Retirement Advisors LLC

Item 5                     FEES AND COMPENSATION
Participant Services
VRA earns revenue from platform fees (applicable to services offered under the Edelman Financial Engines program only)
and PM program asset-based fees. The platform fee is a per participant fixed dollar fee annual charge that is negotiated
between plan sponsors and VRA. The fee can range from zero to $6.00 annually. When assessed, the platform fee is invoiced
based on the number of participants in the plan. The platform fee is not conditional on the use of services. The fee is to
offset expenses of establishing and maintaining a professionally staffed, computer-based investment advisory offering.

The PM program fee is the asset-based fee for ongoing Professional Management program services. The fee can be a single
flat tier or a multi-tier-based model where the incremental fee amount will reduce as the participant account balance
reaches plan sponsor negotiated breakpoints. The PM fees vary by plan as do the asset level breakpoints and are considered
confidential trade secrets. The PM fee does not exceed 0.60% for the lowest asset level breakpoint annually. VRA provides
plan specific platform fee, PM program asset-based fee and asset level break point information in custom service description
communications. These service description communications are available to all plan participants as part of the plan’s rollout
of VRA services. Additionally, service description communications are provided as part of the PM program welcome kit.

Please read your plan’s service description communications to learn about the specific fees for your plan. In addition to the
delivery methods identified above, you can get a fact sheet by calling your plan’s information line and by asking to speak
with an Advisor or by accessing the OA or PM web site for your plan.

Funds or plan investments may charge expenses and fees that are in addition to the VRA advisory fee. Please refer to the
prospectus, fund fact sheet or other fund description for information regarding fees that apply to the funds.

There is no additional cost or obligation for using the OA services either online or through the plan’s toll-free information line
and speaking with Advisor.

If you enroll in the PM program, fees will be deducted from your retirement plan account on a monthly or quarterly basis.
Fees are paid in arrears and begin as of the first day of the month or quarter you enroll regardless of what day of the period
you enroll. Participant fees are customized for each plan separately based upon several plan factors as well as the individual
participant account balance. The fee is calculated at each calendar month or quarter end, based on the period ending value,
and is assessed within fifteen days after the end of such time period. VRA will deduct the fee from your account
automatically.

If an EFE participant enrolls in multiple PM program accounts with the same plan sponsor, the value of the accounts will be
combined for the purpose of assessing total advisory fees. Please contact an Advisor for more details specific to your plan.
Also, Morningstar does not consolidate assets held in multiple accounts for fee purposes.

Within the EFE Service, the IBR feature is available at no additional cost to eligible PM enrolled participants. This feature is
not available through all plans offering the PM program and is not offered through Morningstar.

In addition to a fixed base salary, Advisors are eligible to receive a monthly bonus tied to Voya’s achievement of corporate
performance measurements. The Advisors’ individual bonus allocation is based on several factors including service quality,
customer satisfaction, activity levels and improving participant outcomes aligned to the best interest of our customers. The
compensation program for Advisors does not include any product or service enrollment, Assets Under Management, or
other sales related targets. Advisor compensation is primarily base salary with an opportunity to earn an annual bonus based
on Voya achieving corporate performance measurements. The annual incentive payout is based on both individual
performance factors and Voya achieving corporate performance measurements. VRA and Voya affiliates may offer incentive
programs through which VRA’s IARs are eligible to receive awards.
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3(21) and 3(38) Services
The fee for any Advisory Service or Investment Management Service is negotiated based on the complexity of the client’s
particular situation and overall needs and the role taken by VRA but generally will not exceed 0.25% on the assets under
advisement or assets under management.

Fees are generally paid quarterly in arrears. For purposes of determining fees, the value of the assets under management or
under advisement is based on information provided by OARS as recordkeeper of the assets.

VRA retains the discretion to negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs will be
considered in determining the fee schedule. These facts, circumstances and needs may include, among other factors, the
complexity of the portfolio style; account composition; and reporting requirements. The specific annual fee schedule will be
identified in the contract between VRA and each client.

A client may also incur expenses relating to trustee and/or custodial services; however, such fees are not retained by VRA or any
affiliate thereof.

VRA’s services described herein are provided in accordance with the guidance issued under Department of Labor Advisory
Opinion 2001-09A.

Item 7                     TYPES OF CLIENTS
VRA provides investment advice to individuals with retirement plan accounts where its affiliates, Voya
Retirement Insurance and Annuity Company and Voya Institutional Plan Services, LLC act as administrator and record-keeper
to the retirement plan. VRA provides the plan sponsor services described in Item 4 to retirement plan sponsors.