Wells Fargo Advisors Financial Network LLC

Fees and Compensation
Fees for services are described below and are guidelines which may vary due to the complexity and size of the plan, and are
therefore subject to negotiation. You can choose to pay for services either as a flat annual fee, a percentage of assets, or, for some
services, as a one-time service. Generally, ongoing fees are paid on a quarterly basis unless otherwise agreed upon.

            Plan Size           Ongoing % (bps)        Ongoing % (bps)          Ongoing Dollar             Ongoing Dollar
              AUM                  Min Fee                Max Fee                 Min $ Fee                  Max $ Fee
             $0 -$1M                    0.1                     1                    $500                      $10,000

            $1M - $5M                   0.1                    0.7                  $1,000                     $30,000

           $5M - $10M                   0.1                    0.5                  $3,500                     $40,000

           $10M - $25M                 0.01                   0.25                  $5,000                    $100,000
The fee for the Plan Level Investment Selection 3(38) service is as follows:
                                              Fee Range
Plan Level Investment Selection 3(38)         5 to 10 bps per year in addition to the fee range shown in the chart above.

Costs for travel, incidental expenses and materials incurred during the provision of Employee Education services will be charged
separately.
We reserve the right to negotiate fee rates published above on a case-by-case basis.
Frequency and Method of Payment
Fees for one-time services are payable immediately after services are provided. Fees for ongoing services are assessed quarterly
in arrears. Clients may choose to pay fees by invoice to the plan or plan sponsor, or to instruct us to send the invoice to the plan's
provider/recordkeeper.

589130 (Rev 28 - 03/26)                                                                                                     Page 7 of 15

Financial Advisor Compensation
Financial Advisors. Financial Advisors providing service to Clients from a WFAFN branch location receive a percentage of
the revenue that the Firm collects from brokerage transactions and from ongoing fees collected from investment advisory accounts.
Typically, a Financial Advisor’s product or service-based payout schedule (periodically adjusted by us at our discretion) increases
with production and asset levels. Therefore, Financial Advisors have an incentive to make recommendations that result in their
Clients adding funds to WFAFN advisory and brokerage accounts, and in selecting products and services that generate the most
revenue and profit for themselves and the Firm. As a Financial Advisor’s production and asset levels increase, in addition to the
Financial Advisor’s payout schedule increasing, the Financial Advisor may qualify for recognition trips. In cases where your
Financial Advisor anticipates that you will have low trading activity in your account, the Financial Advisor has an incentive to
recommend that you invest account assets in an advisory account which has ongoing Program Fees versus a brokerage account
which has transaction-based fees.
Financial Advisors also receive compensation based on the outstanding loan balances of PCL and Securities-Based Loan
Programs from Wells Fargo Bank, N.A. Please refer to the “Margin Loans and Securities-Based Loan Programs” section for
additional information on compensation related to PCL and Securities-Based Loan Programs.
Client Referrals to Wells Fargo Bank, N.A. Financial Advisors receive referral compensation for client referrals to Wells Fargo
Bank, N.A. for trustee or investment management services. The amount of compensation earned by the Financial Advisor for the
referral depends on the value of account referred and the role the Financial Advisor will have in the client relationship after the
referral. Ongoing involvement in the client relationship post referral typically results in recurring payments to the Financial Advisor
based on a percentage of the client fees earned by Wells Fargo Bank, N.A.
Moreover, Financial Advisors receive higher compensation for transactions involving client households that maintain greater
amount of assets with us.
Recruitment compensation is provided to Financial Advisors who join our Firm from another financial firm. This compensation,
which varies by Financial Advisor, typically has the following components: an up-front payment; and a back-end bonus
arrangement based on new client assets transitioned/gathered over a three-year period. This creates an incentive for the Financial
Advisor to recommend the transfer of assets to the Firm to earn this compensation despite the fact that you may not have access
to the same suite of products and/or services that you had at a predecessor firm.
We offer certain Financial Advisors an optional loan when joining WFAFN. If the recruited Financial Advisor voluntarily chooses the
loan option, the Financial Advisor must repay the loan to WFAFN. Financial Advisors who choose a loan option are offered the
choice to voluntarily have the loan repaid via an automatic deduction from pay, or they may repay the loan via check. The amount
of some incentive compensation paid to the Financial Advisor in these situations is impacted by the Financial Advisor meeting
certain revenue or asset levels. This arrangement provides an incentive for the financial advisor to recommend that you deposit
assets or establish accounts with WFAFN and WFAFN's interests will conflict with yours.
We provide noncash compensation to Financial Advisors in the form of education meetings and recognition trips. Portions of these
programs are subsidized by external vendors and affiliates, such as mutual fund companies, insurance carriers, or money
...

Types of Clients
We offer the Retirement Plan Consulting Program to both qualified plans subject to ERISA and non-qualified deferred
compensation plans not subject to ERISA.

Methods of Analysis, Investment Strategies and Risk of Loss
Under our Retirement Plan Consulting Program, we render services to both retirement plans subject to ERISA and retirement plans
not subject to ERISA. Our specific recommendations may vary based on the scope of the services for which we are engaged to
advise upon. At all times, our investment philosophy will reflect our duty to act with respect to the plan solely in the interests of
participants and beneficiaries as well as within the principles of prudence and diversification of plan assets.
For plans subject to ERISA, we will carry out our duties and responsibilities in accordance with ERISA as it applies to the services
we are rendering. To the extent not contrary to ERISA, we will take into consideration the goals and objectives as provided and/or
communicated by the plan. If in our view, any investment instruction, guideline or requirement received from a plan fiduciary is
inconsistent with or contrary to ERISA, we will disregard such provision or instruction when carrying out our duties and will act in
accordance with our responsibilities under ERISA and the regulations promulgated thereunder.
For the purposes of our non-discretionary service of providing Investment Search and Recommendation services to plans subject
to ERISA, if the plan does not provide written investment instructions or objectives such as an IPS, we will focus on identifying a
menu of diversified investment options, each with differing risk and return characteristics appropriate for a plan participant or
beneficiary. The investment options we recommend could include active and passive investment vehicles, as well as target-date
investment options. When we are engaged to provide discretionary services to plans subject to ERISA, we will use the IPS and the
investment philosophy outlined therein in providing investment advice.
If the plan is not subject to ERISA and we are hired to provide Investment Search and Recommendation—we will recommend a
menu of investment options for the plan that provides plan participants a diversified set of investment options—ranging from
conservative to aggressive growth investment choices. We could include active and passive investment vehicles in our
recommendations, as well as target-date investment options. When we are hired to provide Investment Search and
Recommendation Service for plans not subject to ERISA, we seek to identify and recommend one (or more when appropriate)
investment managers to manage a plan’s assets—either in their entirety or a portion thereof. In doing so, we will recommend
investment manager(s) that we believe are capable of adding value on a risk-adjusted basis. When reviewing potential investment
managers, we take into consideration the overall stated objectives of the assets which will vary based on: plan type; and whether
the investment manager’s mandate will be limited to a specific asset class or investment category within a broader pool of assets.
We do not provide investment advice in a discretionary manner to plans not subject to ERISA.