Access Fiduciary Services, LLC

AFS is paid 25% of the subscription fee that clients pay to ARS. For PEPs where AFS has not engaged a third-party investment manager, ARS charges $75 per participant annually (minimum $600/year) if the participating employer has less than 30 participants and their participants’ aggregate asset value in the PEP is less than $11,250,000. If AFS has engaged a third-party investment manager, the annual fee for AFS services is $60 per participant up to a $4,000 cap (minimum $200/year). If the participating employer has more than 30 participants, and their participant’s aggregate asset value in the PEP is less than $11,250,000, ARS will charge a fixed annual fee of $2,250. If the participating employer’s participants’ aggregate asset value in the PEP is more than $11,250,000, ARS will charge an annual asset-based subscription fee of 0.02% of assets under management, capped at $60,000 per participating employer per year. For Solo PEPs, the trustee fee is 0.03% of plan assets per year, the recordkeeping fee is $60 per year, and the subscription fee is $15 per month.