Disclosures

As of December 31, 2024, Newport Capital Group had a total of $1,210,154,738 ¹ in discretionary regulatory assets under management and $8,993,728 in non-discretionary regulatory assets under management. As of December 31, 2024, Newport Capital Group also provided ongoing pension consulting services on assets owned by participant directed and defined contribution retirement plans of approximately $17,734,294,665.¹Of this amount, $863,005,151 is attributed to Defined Benefit plans over which Newport Capital Group is responsible for implementing securities transactions, and is therefore included in the discretionary regulatory assets under management reported in Part 1 of Form ADV.

¹SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability. Please remember that different types of investments involve varying degrees of risk, and that there can be no assurance that the future performance of any specific investment or investment strategy (including those that may be recommended to the Plan by Newport Capital Group and/or subsequently selected by the Plan’s participants), will be profitable, equal any corresponding performance level(s), or be suitable for any specific participant’s portfolio. Please remember to contact Newport Capital Group, in writing, if there are any changes in the Plan’s financial situation or objectives for the purpose of Newport Capital reviewing/evaluating/revising its previous recommendations and/or services. A copy of Newport Capital Group’s current written disclosure statement discussing its advisory services and fees remains available upon request. The terms and conditions of the services to be provided by Newport Capital Group to the Plan shall be set forth in a written Retirement Plan Advisory and Consulting Agreement between the parties.

Newport Capital Group, LLC (“Company”) is an SEC registered investment adviser located in Red Bank, New Jersey. Company and its representatives are in compliance with the current filing requirements imposed upon SEC registered investment advisers by those states in which Company maintains clients. Company may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Company’s web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Company’s web site on the Internet should not be construed by any consumer and/or prospective client as Company’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Company with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Company, please contact the SEC or the state securities regulators for those states in which Company maintains a notice filing. A copy of Company’s current written disclosure statement discussing Company’s business operations, services, and fees is available from Company upon written request. Company does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Company web site or incorporated herein, and takes no responsibility therefore. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

Please remember that different types of investments involve varying degrees of risk, and there can be no assurance that the future performance of any specific investment or investment strategy (including those undertaken or recommended by Company), will be profitable or equal any historical performance level(s).

Certain portions of Company’s web site (i.e. newsletters, articles, commentaries, etc.) may contain a discussion of, and/or provide access to, Company (and those of other investment and non-investment professionals) positions and/or recommendations as of a specific prior date. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from Company, or from any other investment professional. Company is neither an attorney nor an accountant, and no portion of the web site content should be interpreted as legal, accounting or tax advice.

Rankings and/or recognition by unaffiliated rating services and/or publications should not be construed by a client or prospective client as a guarantee that he/she will experience a certain level of results if Company is engaged, or continues to be engaged, to provide investment advisory services, nor should it be construed as a current or past endorsement of Company by any of its clients. Rankings published by magazines, and others, generally base their selections exclusively on information prepared and/or submitted by the recognized adviser.

To the extent that any client or prospective client utilizes any economic calculator or similar interactive device contained within or linked to Company’s web site, the client and/or prospective client acknowledges and understands that the information resulting from the use of any such calculator/device, is not, and should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from Company, or from any other investment professional.

Each client and prospective client agrees, as a condition precedent to his/her/its access to Company’s web site, to release and hold harmless Company, its officers, directors, owners, employees and agents from any and all adverse consequences resulting from any of his/her/its actions and/or omissions which are independent of his/her/its receipt of personalized individual advice from Company.

Barron’s 2025 Top 100 Institutional Consulting Teams published May 12, 2025: Rankings are based on the assessment of Barron’s. Quantitative and qualitative measures include institutional assets overseen, revenue generated, team composition, team credentials and regulatory records. Rankings do not reflect any one client’s experience, do not guarantee future performance or investment outcome and are not an endorsement of any team. There were 154 teams considered for the ranking. No direct or indirect compensation has been provided for any of the above rankings/awards by Newport Capital Group for participation. Ratings are not indicative of future performance. Logo used with permission. ©2025 Dow Jones & Company, Inc.

Family Wealth Report: Newport Capital Group has been named Highly Commended the Twelfth Annual Family Wealth Report Awards published May 8, 2025, presented by ClearView Financial Media: Women in Wealth Advisory (Individual) – Michelle D. Bennett. Finalists were chosen based on written submissions reviewed by a judging panel comprised of industry experts. Judges assessed each submission’s merit using their professional insights and sector knowledge. The process included multiple evaluation rounds culminating in a final in-person meeting where the shortlist was confirmed. The selection is based solely on the information submitted and the judgment of the panel and is not indicative of future performance. Category Statistics: Women in Wealth Advisory (Individual): 8 entries; 5 finalists (63%). The awards and judging process are conducted and managed by ClearView Financial Media’s Family Wealth Report editorial and judging panel. Newport Capital Group did not pay a fee to participate in the awards submission or finalist consideration process. For more information about the awards and judging process, visit: https://clearviewpublishing.com/events/the-twelfth-annual-family-wealth-report-awards-2025/

2025 PLANADVISER Top Retirement Advisors, published March 21, 2025: The 2025 PLANADVISER Top Retirement Plan Advisers recognition is based solely on self-reported quantitative data about an adviser’s practice. To be included in this year’s list, advisers had to have a minimum of 50 plan clients or retirement plan assets under advisement of $400 million or more, as of year-end 2024. After meeting the minimum plan or asset count, advisers are also highlighted if they meet the following criteria: 91% – 100% of clients that are 401(k) plan sponsors, or 10 or more 403(b), 457, nonqualified, DB, cash balance, SEP, SIMPLE or MEP/PEP plan clients. As this recognition is based solely on quantitative figures, there is no judging or subjective measurement, and it is not indicative of any adviser’s future performance. Neither advisory firms nor their employees pay a fee in exchange for this recognition. More information here: https://www.planadviser.com/awards/2025-top-retirement-plan-advisers.

2024 PLANADVISER Top Retirement Plan Adviser, Published March 14, 2024: The 2024 PLANADVISER Top Retirement Plan Advisers recognition is based solely on self-reported quantitative data about an adviser’s practice. To be included in this year’s list, advisers had to have a minimum of 50 plan clients or retirement plan assets under advisement of $400 million or more, as of year-end 2023. After meeting the minimum plan or asset count, advisers are also highlighted if they meet the following criteria: 91% -100% of clients that are 401(k) plan sponsors, or 10 or more 403(b), 457, nonqualified, DB, cash balance, SEP, SIMPLE or MEP/PEP plan clients. As this recognition is based solely on quantitative figures, there is no judging or subjective measurement, and it is not indicative of any adviser’s future performance. Neither advisory firms nor their employees pay a fee in exchange for this recognition.

2023 Top Retirement Plan Adviser: The 2023 PLANADVISER Top Retirement Plan Advisers recognition is based solely on self-reported quantitative data about an adviser’s practice. To be included in this year’s list, advisers had to have a minimum of 50 plan clients or retirement plan assets under advisement of $400 million or more, as of year-end 2022. After meeting the minimum plan or asset count, advisers are also highlighted if they meet the following categories: have 150 or more 401(k) plan clients; have 10 or more 403(b), 457, nonqualified, DB, cash balance, SEP, SIMPLE or MEP/PEP plan clients; are female; or are younger than 40 years of age. As this recognition is based solely on quantitative figures, there is no judging or subjective measurement, and it is not indicative of any adviser’s future performance. Neither advisory firms nor their employees pay a fee in exchange for this recognition.

2021 PLANADVISER Top 100 Retirement Plan Advisers recognizes the top defined contribution (DC) plan advisers across the U.S. in terms of assets or plans under advisement, based on self-reported information from advisers. To become eligible for this quantitative listing, advisers must complete the annual PLANADVISER Retirement Plan Adviser Survey, fielded each September. Respondents are divided into categories for evaluation, defined by the number of advisers, plus support staff, in the practice. The numbers required to achieve a Top 100 designation change every year, depending on the size of the firms that respond to the survey. There is no fee paid to PLANADVISER in exchange for inclusion in the listing. The rating is not indicative of the adviser’s future performance.

2020 PLANADVISER Top 100 Retirement Plan Advisers recognizes the top defined contribution (DC) plan advisers across the U.S. in terms of assets or plans under advisement, based on self-reported information from advisers. To qualify for a particular segment, individuals needed to advise a minimum of 100 plans or $1 billion in retirement plan AUA; small teams had to advise at least $1.7 billion in retirement plan assets or more than 115 plans; large teams needed $3.5 billion or more in retirement plan AUA or 200 or more plans; and mega teams had to oversee at least $12 billion in retirement plan AUA or more than 300 plans. There is no fee paid to PLANADVISER in exchange for inclusion in the listing. The rating is not indicative of the adviser’s future performance.

2019 PLANADVISER Top 100 Retirement Plan Advisers recognizes the top defined contribution (DC) plan advisers across the U.S. in terms of assets or plans under advisement, based on self-reported information from advisers. In 2018, 321 survey responses for the PLANADVISER Retirement Plan Adviser Survey, elected to be considered for the 2019 PLANADVISER Top 100 Retirement Plan Advisers list. Of those, 100 (31%) were named to the list. There is no fee paid to PLANADVISER in exchange for inclusion in the listing. The rating is not indicative of the adviser’s future performance.

2018 PLANADVISER Top 100 Retirement Plan Advisers recognizes the top defined contribution (DC) plan advisers across the U.S. in terms of assets or plans under advisement. In 2017, 341 survey responses were collected for the PLANADVISER Retirement Plan Adviser Survey, from which the list is generated. Of those, 100 (29%) were named to the list.

2017 PLANADVISER Top 100 Retirement Plan Advisers recognizes the top defined contribution (DC) plan advisers across the U.S. in terms of assets or plans under advisement. In 2016, 613 survey responses were collected for the PLANADVISER Retirement Plan Adviser Survey, from which the list is generated. Of those, 100 (16%) were named to the list.

2016 PLANSPONSOR Retirement Plan Adviser of the Year awards recognize the top defined contribution (DC) plan advisers across the U.S. via a qualitative evaluation of which advisers represent the best service to plan sponsors and participants. Advisers have to meet the following minimum criteria: having a majority of business revenue derived from employer-sponsored retirement plans, serving as a fiduciary, being committed to fee-based compensation and using outcome-based metrics of plan success with clients. In 2015, when nominations and entries were fielded for the 2016 awards, 114 total entries to the awards program were submitted, and there was one winner each in four categories in 2016, meaning 3.5% of entrants were winners. There is no fee paid to PLANADVISER in exchange for inclusion in the listing.

2015-2011 PLANADVISER Top 100 Retirement Plan Advisers; 2013 PLANSPONSOR Team of the Year Finalists data not collected by PLANADVISER Magazine for disclosures.

2025 PLANADVISER Retirement Plan Adviser of the Year Finalist in 403(b) Plan Service, Published March 19, 2025: The 2025 PLANADVISER Retirement Plan Adviser of the Year awards are based on a mixture of qualitative and quantitative measures, including tenure in the business, focus on retirement plan business as a percentage of practice revenue, willingness to serve in a fiduciary role to client plans, and a review of essay answers. These criteria are utilized for each of the six categories: Plan Sponsor Service; Plan Participant Service; 403(b) Plan Service; Inclusivity and Career Development; Closing the Coverage Gap – MEPs/PEPs and Closing the Coverage Gap – Micro/Startup Plans. Nominations were collected online from October 2024 through January 2025. In 2025, there were a total of 54 nominations and 28 finalists were named. The PLANADVISER Retirement Plan Adviser of the Year awards are not indicative of the investment adviser’s future performance and no adviser pays, or is paid a fee, to take part in the program. More information can be found at https://www.planadviser.com/awards/2025-retirement-plan-adviser-year/.

2024 PLANADVISER Retirement Plan Adviser of the Year Finalists in 403(b) Plan Service, Published March 12, 2024: The 2024 PLANADVISER Retirement Plan Adviser of the Year awards are based on a mixture of qualitative and quantitative measures, including tenure in the business, focus on retirement plan business as a percentage of practice revenue, willingness to serve in a fiduciary role to client plans, and a review of essay answers. These criteria are utilized for each of the seven categories: Plan Sponsor Service; Plan Participant Service; 403(b) Plan Service; Mentorship; Efforts in Diversity, Equity, and Inclusion (DEI); Closing the Coverage Gap -MEPs/PEPs and Closing the Coverage Gap -Micro/Startup Plans. Nominations were collected online from December 2023 through January 2024. In 2024, there were a total of 79 nominations and 29 finalists were named. The PLANADVISER Retirement Plan Adviser of the Year awards are not indicative of the investment adviser’s future performance and no adviser pays, or is paid a fee, to take part in the program.

2024 Largest Investment Consultants Pension & Investments Published November 18, 2024: P&I distributed the 2024 investment management consultant survey to 197 firms and received 58 valid responses. At minimum, consultants must report total and institutional AUA to be included in the results. Neither advisors nor their firms pay a fee to apply or be listed in the Investment Consultants ranking.

2023 Largest Investment Consultants Pension & Investments Published November 20, 2023: P&I distributed the 2023 investment management consultant survey to approximately 202 firms and received 61 valid responses. At minimum, consultants must report total and institutional AUA to be included in the results. Neither advisors nor their firms pay a fee to apply or be listed in the Investment Consultants ranking.

2022 Largest Investment Consultants Pension & Investments: Published November 28, 2022, P&I distributed the 2022 investment management consultant survey to approximately 200 firms and received 66 valid responses. At minimum, consultants must report total and institutional AUA to be included in the results. Neither advisors nor their firms pay a fee to apply or be listed in the Investment Consultants ranking.

FA’s 2024 Annual RIA Ranking Published July/August 2024: FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA‘s survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2023 to be included in the print edition of Financial Advisor magazine’s 2024 RIA survey. Firms with under $500 million will be included in the FA’s expanded online RIA survey. Corporate RIA firms and investment advisor representatives (IARs) are not eligible for this survey. A corporate RIA is a registered investment advisor most often formed by a broker-dealer that files an ADV with the SEC. Advisors who are affiliated with the broker-dealer or other entity’s corporate RIA may offer investment advice. They are considered Investment Advisor Representatives (IARs) of the corporate RIA. All of the assets under management of the IARs are included in the corporate RIA’s ADV filed with the SEC. To be eligible for our annual RIA rankings, firms must be registered investment advisors and provide financial planning and related services to individual clients. Firms with at least $500 million in assets under management will be included in our national ranking that will be published in the July/August 2024 issue of Financial Advisor magazine. Firms with less than $500 million in assets will be published in an online national ranking on FA’s Web site, www.fa-mag.com. No fee is charged to participate. The rating is not indicative of client’s experience and the ratings is not indicative the adviser’s future performance.

FA’s 2023 Annual RIA Ranking Published July/August 2023: FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA‘s survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2022 to be included in the print edition of Financial Advisor magazine’s 2023 RIA survey. Firms with under $500 million will be included in the FA’s expanded online RIA survey. Corporate RIA firms and investment advisor representatives (IARs) are not eligible for this survey. A corporate RIA is a registered investment advisor most often formed by a broker-dealer that files an ADV with the SEC. Advisors who are affiliated with the broker-dealer or other entity’s corporate RIA may offer investment advice. They are considered Investment Advisor Representatives (IARs) of the corporate RIA. All of the assets under management of the IARs are included in the corporate RIA’s ADV filed with the SEC. To be eligible for our annual RIA rankings, firms must be registered investment advisors and provide financial planning and related services to individual clients. Firms with at least $500 million in assets under management will be included in our national ranking that will be published in the July/August 2023 issue of Financial Advisor magazine. Firms with less than $500 million in assets will be published in an online national ranking on FA’s Web site, www.fa-mag.com. No fee is charged to participate. The rating is not indicative of client’s experience and the ratings is not indicative the adviser’s future performance.

FA’s 2022 Annual RIA Ranking Published July/August 2022: FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA‘s survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2021 to be included in the print edition of Financial Advisor magazine’s 2022 RIA survey. Firms with under $500 million will be included in the FA’s expanded online RIA survey. Corporate RIA firms and investment advisor representatives (IARs) are not eligible for this survey. A corporate RIA is a registered investment advisor most often formed by a broker-dealer that files an ADV with the SEC. Advisors who are affiliated with the broker-dealer or other entity’s corporate RIA may offer investment advice. They are considered Investment Advisor Representatives (IARs) of the corporate RIA. All of the assets under management of the IARs are included in the corporate RIA’s ADV filed with the SEC. To be eligible for our annual RIA rankings, firms must be registered investment advisors and provide financial planning and related services to individual clients. Firms with at least $500 million in assets under management will be included in our national ranking that will be published in the July/August 2022 issue of Financial Advisor magazine. Firms with less than $500 million in assets will be published in an online national ranking on FA’s Web site, www.fa-mag.com. No fee is charged to participate. The rating is not indicative of client’s experience and the ratings is not indicative the adviser’s future performance.

FA’s 2021 Annual RIA Ranking: FA’s RIA survey is a ranking based on assets under management at year end of independent RIA firms that file their own ADV with the SEC. FA’s RIA ranking orders firms from largest to smallest, based on AUM reported to us by firms that voluntarily complete and submit FA‘s survey by our deadline. We do our best to verify AUM by reviewing ADV forms. To be eligible for the ranking, firms must be independent registered investment advisors and file their own ADV statement with the SEC and provide financial planning and related services to individual clients. Firms must have at least $500 million in assets under management as of December 31, 2020 to be included in the print edition of Financial Advisor magazine’s 2021 RIA survey. Firms with under $500 million will be included the FA’s expanded online RIA survey. Corporate RIA firms and investment advisor representatives (IARs) are not eligible for this survey. A corporate RIA is a registered investment advisor most often formed by a broker-dealer that files an ADV with the SEC. Advisors who are affiliated with the broker-dealer or other entity’s corporate RIA may offer investment advice. They are considered Investment Advisor Representatives (IARs) of the corporate RIA. All of the assets under management of the IARs are included in the corporate RIA’s ADV filed with the SEC. To be eligible for our annual RIA rankings, firms must be registered investment advisors and provide financial planning and related services to individual clients. Firms with at least $500 million in assets under management will be included in our national ranking that will be published in the August 2021 issue of Financial Advisor magazine. Firms with less than $500 million in assets will be published in an online national ranking on FA’s Web site, www.fa-mag.com. No fee is charged to participate. The rating is not indicative of client’s experience and the ratings is not indicative the adviser’s future performance.

2025 NAPA Top DC Advisor Teams, Published Spring 2025: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location and at least $100 million in AUA. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. Ranked by assets under advisement, 431 firms were included on the list representing 43 states and the District of Columbia. All teams are in a single physical location and based on self-reported assets as of 12/31/2024. No fee is charged to participate.

NAPA Top DC Advisor Teams 2024 Published March 20, 2024: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. Ranked by assets under advisement, 452 firms were included on the list, all teams are in a single physical location and based on self-reported assets as of 12/31/2023. No fee is charged to participate.

NAPA Top DC Advisor Teams 2022, Published March 16, 2023: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. Ranked by assets under advisement, 362 firms were included on the list, all teams are in a single physical location and based on self-reported assets as of 12/31/2022. No fee is charged to participate.

NAPA Top DC Advisor Teams 2021: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate. Ranked by assets under advisement, self-reported by advisor firm/teams.

NAPA Top DC Advisor Teams 2020: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate. This year there were 305 submissions. 300 were on the final list. Ranked by assets under advisement, self-reported by advisor firm/teams.

NAPA Top DC Advisor Teams 2019: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business, in a single physical location. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate. This year there were 305 submissions. 300 were on the final list.

NAPA TOP DC Advisor Multi-Office Firms 2018: Established in 2017, nominees had to be individual advisor team/offices with a defined contribution book of business. To be considered, firms had to submit responses to an application form, including information about their practices, notably their defined contribution (DC) assets under advisement. Approximately 300 submissions were received, and 13% and 38 firms were published having multiple office locations. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate. The rating is not indicative of the adviser’s future performance.

NAPA Top DC Advisor Firm 2017: Ranked by assets under advisement, self-reported by advisor firm/teams. Approximately 300 submissions were received and 91%, 275 were published having over $100 million in DC assets. The list is created and conducted by the National Association of Plan Advisors, an affiliate organization of the American Retirement Association, a non-profit association. No fee is charged to participate. The rating is not indicative of the adviser’s future performance.

The FT 401 2019: The Financial Times 401 Top Retirement Advisors is an independent listing produced annually by the Financial Times (October 2019). To be considered the data is based on data gathered from advisors, regulatory disclosures, and the FT’s research. The listing reflects each advisor’s status in six primary areas: DC plan assets under management (AUM), DC AUM growth rate, specialization in DC plans, years of experience, advanced industry credentials and compliance record. This honor is not indicative of the advisor’s future performance. Neither the advisors nor their parent firms pay a fee to the Financial Times in exchange for inclusion in the FT 401. FT received 770 applications, of those, 401 (52%) were added to the list.

FT 401 2018: The Financial Times 401 Top Retirement Advisors is an independent listing produced annually by the Financial Times (September 2018). The FT 401 is based on data gathered from advisors, regulatory disclosures, and the FT’s research. The listing reflects each advisor’s status in six primary areas: DC plan assets under management, DC plan growth rate, specialization in DC plans, years of experience, advanced industry credentials, and compliance record. This honor is not indicative of the advisor’s future performance. Neither the advisors nor their parent firms pay a fee to the Financial Times in exchange for inclusion in the FT 401. FT received 670 applications, of those, 401 (60%) were added to the list.

FT 401 2016: To be considered an advisor must meet the minimum criteria, only advisors that apply can be considered. Manage at least $75 million in assets under advisement in DC plans. DC plans should account for at least 20% of total AUA. FT received over 670 applications, of those 401 (60%) were added to the list. All advisors that applied are run through proprietary scoring methodology, which is explained in more detail below. The FT 401 ranking is conducting independently by the Financial Times, in partnership with Ignites Research, a subsidiary of the Financial Times that conducts research and analysis on the asset management industry. Judging criteria for winners; The FT generates an internal score for each applicant based on seven broad factors. 1, DC assets under management (AUM) – accounts for about 55 percent of each advisor’s score on average. 2, Specialization in the DC business – measured by what percentage of the overall assets managed by the adviser are in DC plans, and how that concentration has changed. (About a third of the score is based on the concentration of the adviser’s overall business in serving DC plans, combined with the growth in the adviser’s DC business.) 3, Growth rate in DC plan business – measured by changes in both DC plan clients and assets. 4, Years of experience advising DC plans – indicates experience of managing DC plan assets in different economic and market environments. 5, Industry certifications – show the technical knowledge that is important in the complicated DC plan industry. 6, Participation rate in DC plans advised – this looks at effectiveness by measuring the portion of employees participating. 7, Compliance record. The FT 401 is conducting independently. Neither advisors nor their firms pay a fee to apply or be listed in the FT 401 report. The rating is not indicative of the adviser’s future performance.