Our Services & Fee Schedule

• Safeguarding of assets

• Establish and monitor asset allocation

• Review and execute trades

• Monitor investment performance

• Economic updates & performance reviews

Investment Management Fee

Less than $1 million

$1 – $5 million

$5 – $15 million

> $15 million negotiable

Trustee/Co Trustee services:

Additional 0.50%

*Annual minimum fee of $6,000

Trust & Estate Settlement Services:

3.0% of the first $1 million

2.5% for amounts above $1 million up to $5 million

• Trust income and principal accounting

• Daily cash management

• Bill pay services

• Online access

2.0% for amounts above $5 million up to $10 million

1.5% for amounts above $10 million

Taxes

$750 Preparation of annual Form 1041 (both Federal and state)

$250 Preparation of Grantor tax letter or annual tax worksheet

Real Estate

Value of the real estate is included in the AUM fee above except for grantor occupied property. $1,000 annual fee for grantor occupied real estate

2% One-time fee for sale or purchase of real estate

ILITs:

Annual Fee $3,000 (one policy)

Each additional policy $250

Special Assets:

Value of Unique or Specialty Assets is included in the AUM. Managing unique or special assets such as closely held businesses, partnerships, oil, gas & mineral interests may be charged an additional fee depending on the services required. Any such fees are disclosed at acceptance of the asset.

Reasonable additional fees will be charged for special services, such as management and disposition of specialty assets (including but not limited to oil and gas, closely held businesses), preparation of non-standard reports, and providing specialized investment services. Mutual fund, exchange traded funds and other investment products may be subject to additional fees and expenses as charged by the funds or products.

Fees stated above are annual fees and prorated monthly during the year. A full annual fee will be charged for accounts that close within the first year of administration. Unless indicated differently in governing document or by applicable law, our fees are charged 50% to income and 50% to principal.

Fees do not include fees and expenses of third parties employed for services on behalf of an account such as attorney’s fees, accountant’s fees, broker’s fees in connection with a purchase or sale of an asset.

This fee schedule is subject to change by the Board of Directors of Adelphi Trust Company.

Cash Management

Uninvested client cash is swept each business day to Federated Hermes Government Obligations Fund, government money market mutual fund offered by Federated Hermes. (Ticker: GOIXX) (the “Federated Fund”). Funds deposited in your account after a cutoff time, which will ordinarily be 2:30 PM Eastern Time, will be swept to the Federated Fund on the next business day. Adelphi Trust may adjust the cutoff time in its sole discretion from time to time.

The Federated Hermes Government Obligations Fund is a money market mutual fund seeking to provide current income consistent with stability of principal by investing in a portfolio of U.S. Treasury and government securities maturing in 397 days or less and repurchase agreements collateralized fully by U.S. Treasury and government securities. Investments in the Federated Fund are not guaranteed or insured by the Federal Deposit Insurance Corporation, or by any other government agency. The Federated Fund does seek to preserve the value of an investment at $1.00 per share, but the value of the investment is not guaranteed.

The information provided herein regarding the Federated Fund is excerpted from the Federated Fund prospectus and is qualified in its entirety by the prospectus itself. The prospectus and related information for the Federated Fund is available at https://www.federatedinvestors.com/ products/mutual-funds/govt-obligations/is.do

Adelphi reserves the right to change the uninvested cash sweep fund based upon market conditions.

Investments

Investment products and services are not obligations of or guaranteed by Adelphi, are not insured by the FDIC, and are subject to investment risks, including possible loss of the principal amount invested. Please see the Adelphi Investment Policy Statement (IPS) for specific investment allocation information regarding your account.

Mutual funds, exchange traded funds, and other investment products may be subject to additional fees and expenses as charged by the funds or products. Mutual fund fees are described in the mutual fund prospectus. Such fees are expenses of the mutual funds and are reflected in the investment returns which are quoted net of all expenses. Mutual fund prospectuses are available upon request.

If you have any questions regarding the mutual funds or other investment products held in your account, please contact Adelphi.

Rule 12b-1 Fees

A portion of the commissions or fees charged by the fund management companies or their affiliates may be paid to Adelphi for administrative services. Such payments are governed by Rule 12b-1 of the Investment Company Act of 1940, as amended. Generally, the fees (known as “12b1 fees”) are less than 1.00% of the average annual share value of the fund shares. When 12b-1 fees arise from mutual fund assets held in accounts in which Adelphi Trust has discretionary authority we will provide a fee offset in an amount approximately equivalent to the 12b-1 fees received. This fee off set will be applied to our account fees and will show on the account statement. When 12b-1 fees arise from assets held in the subaccounts of annuities, life insurance policies or other similar products, they may be retained or credited to us or our providers. In these cases, the fee offset will not be applied to the account fees. Additional information concerning the calculation of 12b-1 fees is set forth in any fund’s prospectus relating to the mutual fund and is available upon request.

Class Action Lawsuit Servicing

Adelphi Trust utilizes a third party that specializes in class action settlements to seek recovery in class action lawsuits involving assets that have been previously or are currently held in the account. The third party receives a percentage of the recovery, if any, as its fee for the service provided.

Statements

Client may be asked to authorize Adelphi Trust to provide statements electronically to Client or others as Client may direct, showing all transactions in the Account since the date of the last preceding statement. Electronic statements will be uploaded to Client’s Account Online (Online Portal) and can be accessed by Client through Adelphi Trust’s website at adelphitrust.com. If Adelphi Trust does not receive any objection to a statement within ninety (90) days of its issuancet, the statement shall be deemed approved by the Client and by all persons to whom Adelphi Trust issues the statement, and the Adelphi Trust shall be forever released and discharged from any duties, obligations, or liability of any kind arising from all transactions identified in such statement. Adelphi Trust will issue paper statements upon written request by Client. If Client is unable to print or download their statement from their Online Portal, paper statements may be requested by calling or e-mailing Adelphi Trust. Client retains the right to withdraw consent to receive statements electronically at any time by providing written notice to Adelphi Trust.

Client shall receive notice by e-mail when an electronic statement has posted to their Online Portal. Client acknowledges that they will retain the default settings within their Online Portal to receive notifications when the Client’s Account statement is delivered within the Client’s Online Portal.

Online Portal

Client can view their account activity and access their Adelphi statements online through our Online Portal by visiting Adelphitrust.com and clicking on the Client Login button. Clients can also use their smartphone camera to scan the code below to access the Online Portal.

New Clients will receive an email to activate their access to the Online Portal.

If Client is unable to access the Online Portal, Client should promptly notify Adelphi Trust.

Notice regarding Statute of Limitation for Breach of Trust

An action for breach of trust based on matters disclosed in a trust accounting or other written report of the trustee or a trust director may be subject to a six (6) month statute of limitations from the receipt of the trust accounting or other written report. If you have questions, please consult your attorney.

An account statement serves as a trust accounting. Anyone objecting to any transaction or other matter(s) disclosed in an account statement, including but not limited to, compensation received by Adelphi, distributions and disbursements made on behalf of this account and investments made, held or disposed of in the account is required to provide written notice of such objection(s) to Adelphi, and/or its agent, in order to preserve their rights to bring legal action relating to such objection(s).

Adelphi offers wealth management services in coordination with your legal counsel or accounting firm. We do not provide tax, accounting, or legal advice. Please consult with your tax, accounting, and legal advisors before engaging in any transaction.