Powered By: The Retirement Plan For You And Your Employees

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1 Powered By: The Retirement Plan For You And Your Employees

2 Pl an Structure The OPEN 401(k) - A Turnkey Retirement Plan Solution The OPEN 401(k) is a turnkey retirement plan solution for businesses that aims to mitigate employer fiduciary liability and reduce administrative costs while improving outcomes for plan participants. Higher Contribution Limits and More Flexibility than Similar Plans Who can contribute Max employee contribution Employer contributions Vesting timing for employer contributions Access to funds before age 59 ½ Roth Contributions 401(k) SIMPLE IRA SEP IRA Employer only; must Employee; Employer optional Employee & Employer contribute for all eligible employees $18,000 w/ $6,000 catch-up if $13,000 w/ $3,000 catch-up if over 50 years old. over 50 years old Not applicable Required match of 100% on Optional; choices including a Optional, but only way to first 3% of compensation profit sharing component. fund; up to 25% of W-2 wages contributed or 2% of all (Maximum $53,000/$59,000) with a $53K cap eligible employee salaries Multi year options or immediate Penalty-free loans or 10% penalty for early withdrawal Roth available without income limitations Immediate 25% penalty for withdrawing within first 2 years of participating; 10% thereafter Not available Immediate 10% penalty for early withdrawal Not available Multiple Employer Plan (MEP) Structure The OPEN 401k plan uses the Multiple Employer Plan (MEP) structure, which for over 30 years has been common among same industry groups and trade associations. The IRS recognizes that the MEP structure, including the unaffiliated employer variation utilized in the OPEN 401k plan, is a valid 401(k) construction. The Department of Labor simply requires, as it does for all plans, that each individual employer (a) submits its own DOL Form 5500 (done on your behalf by the OPEN 401k plan administrator), (b) have an ERISA/Fidelity bond, and (c) have an audit audit if you have more that 100 employees in the MEP (the audit can be arranged by the 401k plan administrator at your request).

3 Pl an Design Options Eligibility Requirement Options Minimum age requirement can be either 18 or 21 years old to enter the plan. Minimum service requirement can be 1 year of service, any number of months up to 11 months of service, or immediate entry after 1 hour of service. Additionally, an adopting employer may choose to auto enroll employees in the plan once they have met their eligibility requirements. Participant Deferrals Both Traditional and Roth contributions are permitted in the plan. Loans, Hardship Distributions, Pre-Retirement Distributions Adopting employer has the option to restrict or allow 401(k) loans, hardship distributions, and pre-retirement distributions. Matching and Profit Sharing Contribution Options Adopting employer may choose to make discretionary matching contributions, Safe Harbor matching contributions, or no match at all. Adopting employer may choose to make discretionary profit sharing contributions, a Safe Harbor profit sharing contribution, or no contribution at all. There is an additional option to restrict profit sharing contributions to those participants who worked at least 1,000 hours during the calendar year and were employed on the last day of the year. Vesting Schedule Options Years of Service Immediate ## 3 Year Cliff 6 Year Graded Other 0 100% 0% 0% 0% 1 100% 0% 0% 25% 2 100% 0% 20% 50% 3 100% 100% 40% 75% 4 100% 100% 60% 100% 5 100% 100% 80% 100% 6 100% 100% 100% 100% ## If a Safe Harbor contribution is selected, vesting is immediate.

4 Key Parties & Responsibilities The OPEN 401(k) Plan is a fully-integrated retirement plan program with following team members providing specific capabilities: Your Company Adopting Employer Servicing Advisor Investment Education Fiduciary Wise, LLC Limited Scope ERISA 402 & ERISA 3(16) Fiduciaries Mid-Atlantic Trust Company Custodian FutureBenefits of America Recordkeeper & TPA Open Architecture Investment Platform ETF's, No-Load funds and Professionally Managed Portfolios Bell Rock Capital ERISA 3(38) Investment Manager

5 Key Parties & Responsibilities The OPEN 401k plan bundles the services of the following industry leading professional service groups to offer best in class fiduciary protection, compliance, and ease of use. Plan Coordinator/Investment Education "XYZ Financial" coordinates the set up of all new accounts in the OPEN 401k Plan. The company provides inital and ongoing participant education, enrollment materials and serves as the advocate for the employer. Plan Fiduciary & Trustee Fiduciary Wise, LLC is the fiduciary and trustee of the plan. As fiduciary and trustee they assume the responsibilities and liabilities of ERISA sections 3(16), 404(c), and 408(b). They are responsible for identifying, analyzing and appointing the administrative, custodial and investment management service providers to the 401k plan. Plan Administrator & Recordkeeper Future Benefits of America is the administrator and recordkeeper of the plan. FBA processes payroll data, tracks participant eligibility and produces both online and paper statements for participants and employers. FBA is also responsible for the plan testing and the preparation of form 5500 for each adopting employer. Plan Custodian Mid Atlantic Trust Company is the custodian of the plan assets in the 401k plan and responsible for making all transactions for the plan. Mid Atlantic has over $50 billion in assets under custody and administration, and over 75,000 brokerage and trust customer accounts. ERISA 3(38) Investment Fiduciary Bell Rock Capital (BRC) is an SEC-registered investment adviser, based in Delaware with offices in Florida and Pennsylvania. As the ERISA 3(38) fiduciary for the OPEN 401(k), BRC is responsible for the plan's Investment Policy Statement as well as the selection, monitoring and replacement of the investment menu of individual options.

6 Di stribution of Duties Duties Fulfilled By Plan Providers 3(16) Fiduciary Liability: Plan Administration and Operation 3(21) Fiduciary Liability: Hiring/Firing/Reviewing Service Provider 3(38) Fiduciary Liability: Investment Management/Fund Selection Create and Maintain the Formal Plan Document Name a Trustee Form committees to review, monitor, hire & fire service providers Provide annual Summary Plan Description to Participants Maintain Beneficiary Forms Provide Educational Materials Monitor Participation Eligibility for all Employees Generate and Distribute Participant Statements Insure Contributions are Maintained with IRS Limits Perform all Compliance Testing (ADP Test, Top Heavy, 410(b)) Execute and Collect Participant Loans Administer Hardship Withdrawals Handle Qualified Domestic Relations Orders (QDRO s) Determine and Administer Required Minimum Distributions Handle Terminations, Rollovers In, and Rollovers Out of the Plan Issue 1099 s for Distributions to Participants Periodically Review/Remove/Replace Investment Lineup Members Prepare Form 5500 Sign and Electronically Deliver Form 5500 Adopting Employer Duties Exercise due diligence in the selection of the OPEN 401k plan Obtain ERISA/Fidelity Bond Select auditor for annual Plan audit (Applicable if plan has over 100 participants) Upload contribution file after each payroll

7 In vestment Options SAMPLE MENU The OPEN 401k plan includes the following fund options. Participants can pick funds from this investment lineup to build their own diversified portfolios. There are no 12(b)-1 or revenue sharing fees in the investment menu. Peer Group Money Market Ultrashort Bond Short Term Bond Inflation Protected Bonds Intermediate Term Bond Long Government Bond Corporate Bond World Bond High Yield Bond Large Cap Value Stocks Large Cap Blend Stocks U.S. Total Stock Market Large Cap Growth Mid Cap Value Mid Cap Growth Small Cap Value Small Cap Growth World Stock Europe Stock Foreign Large Blend Foreign Small/Mid Value Emerging Markets Real Estate Consumer Defensive Natural Resources Technology Financial Consumer Cyclical Health Industrials Name Vanguard Prime Money Market Inv Federated Ultrashort Bond Institutional ishares 1-3 Years Credit Bond Schwab U.S. TIPS ETF JPMorgan Core Plus Bond R6 ishares 20+ Year Treasury Bond Vanguard Intermediate Term Corp Bond ETF PowerShares International Corp Bond ETF Lord Abbett Bond-Debenture I Vanguard Value ETF Vanguard S&P 500 ETF Vanguard U.S. Total Stock Market Index ETF PowerShares QQQ ETF Vanguard Mid Cap Value ETF ishares Russell Mid Cap Growth Vanguard Small Cap Value ETF Vanguard Small Cap Growth ETF DFA Global Equity I WisdomTree Europe Small Cap Dividend ETF Vanguard FTSE Developed Markets ETF WisdomTree International Small Cap Div ETF Vanguard FTSE Emerging Markets ETF Schwab US REIT ETF Guggenheim S&P 500 Equal Weight Consumer Staples Materials Select Sector SPDR ETF PowerShares NASDAQ Internet ETF SPDR S&P Regional Banking ETF Vanguard Consumer Discretionary ETF PowerShares Dynamic Pharmaceuticals ETF Expense Ratio ishares US Aerospace & Defense Investment Lineup Average.25

8 Target Date Funds SAMPLE MENU Vanguard Target Date Funds Vanguard Target Date Funds are designed to help manage risk while trying to grow your retirement savings. Each of the Target Retirement Funds invests in Vanguard's broadest index funds, giving you access to thousands of U.S. and international stocks and bonds, including exposure to the major market sectors and segments. The funds' managers gradually shift each fund's asset allocation to fewer stocks and more bonds making the fund more conservative the closer you get to retirement. The managers then maintain the current target mix, freeing you from the hassle of ongoing rebalancing. Peer Group Name Expense Ratio l Target Date 2015 Vanguard Target Date Fund % l Target Date 2020 Vanguard Target Date Fund % l Target Date 2025 Vanguard Target Date Fund % l Target Date 2030 Vanguard Target Date Fund % l Target Date 2035 VanguardTarget Date Fund % Note: The Vanguard Target Date Funds will serve as the QDIA.

9 Im plementation Costs & Ongoing Fees * This fee proposal is for members only Plan Costs Paid From Plan Assets Initial Set Up Fee: One time set up fee billed to Employer. Annual Plan Management Fee: Plan Management fee. ERISA Fiduciary Providers Fiduciary Wise, LLC -- ERISA 408 and 3(16) Services BellRock Capital, LLC -- ERISA 3(38) Investment Manager Plan Consultant/Investment Education: Provides initial and ongoing participant and sponsor meetings. Annualized Operating Expenses (AOE*): Asset based fee deducted by Mid Atlantic Trust to cover MEP provider fees. (Allocated as % per quarter.) Annual Participant Maintenance Fee: Recordkeeping fee deducted from each eligible participant with an account balance. (Allocated as $6.25 per quarter.) $0.00 $ % 0.10% % TBD 0.45% $25.00 Potential Additional Plan Costs Termination and Withdrawals: Fee charged to a participant s account when money must be moved out of the plan for a termination or withdrawal. Loan Set Up Fee: Fee charged to a participant account when a loan is set up for that participant. Loan Annual Fee: Annual maintenance fee charged to a participant account when that participant has an existing loan. $75.00 $75.00 $0.00 Please refer to the funds prospectus for underlying expenses of each specific fund. There are also implicit transaction costs that can only be estimated in advance. Transaction costs are incurred when a fund manager buys or sells the underlying securities within the fund. Participants will also have the option of investing with one of the professional portfolio strategists on the platform. The professional portfolio strategists charge an additional fee for their services. Their fee does not include the underlying fund expenses associated with the investments they include in their managed portfolios or the annualized operating expenses associated with the plan.