Introduction to Soltis Retirement Plan Services

Soltis Investment Advisors is proud to beamong the first investment advisorsglobally to successfully complete theindependent certification process ofCEFEX, Centre for Fiduciary Excellence.CEFEX certification independentlyanalyzes the trustworthiness and bestpractice processes of investmentfiduciaries.

Utah County January 2017

Brent Moore, CIMAPartner, Senior Advisor

Tyler Finlinson, CIMAPartner, Senior AdvisorDirector of Business Development

Bill Wallace, CFAChief Investment OfficerDRAFT

IntroductionSoltis Investment AdvisorsDRAFT

Soltis Investment Advisors

Soltis Background

Founded in 1993 as a Fee-Only, Federally Registered Investment Advisory (RIA) Firm.

The Company’s Key Philosophy is Founded on Performance, Independence, and a Non-Conflict of Interest Environment.

Soltis is ranked in the upper 10% of Registered Investment Advisory Firms in the Country.

Soltis is recognized as a 2017 National Top 401k Advisor by Financial Times

Mission Statement“To create, build, and manage wealth so our clients are

free to pursue life’s most important endeavors.”

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Soltis Organizational Chart

Soltis Advisory Board

Hyrum W. SmithPast Chairman Franklin Covey

Jim EngebretsenGoldman Sachs

Asst. Dean BYU Marriot School

Steven D. Harrop, CFA Retired 5 Star Money Manager

Chad LewisAssociate A.D. – DevelopmentThree Time Pro Bowl Selection

Ron P. MikaPartner – Sorenson Capital

Lon E. HendersonChair Advisory Board

Soltis Executive Team

Hal G. Anderson, MBAPresident/CEO

Tyler K. WilkinsonVP, CFO

Clark V. TaylorVP, Wealth Management Services

Kim D. Anderson, AIF®VP, Retirement Plan Services

Tyler Finlinson CIMADirector Business Development

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Soltis Investment Advisors Soltis Advisors and Support Team

Investment Advisors

Hal Anderson Kim AndersonTyler Wilkinson Clark Taylor

Tyler Finlinson

David Sentman

Sharon Peck Kelli Holmstead

Jill Homer

Joyce Madsen

Support Staff

Nancy Bailey

T.J. AdamsShawn Woods

Brent Moore Bill Wallace Lindsey BryantWayne DeMeester

Ben Justice

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Salt Lake City Office 222 South Main, Suite 1776

SLC Based Team Members

David SentmanBrent Moore Bill Wallace

Lindsey LewisJill Homer T.J. Adams

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Soltis Service Team

Brent Moore, CIMASenior Advisor

The Senior Advisors are focused on Plan management from the initial engagement of theplan throughout the experience at Soltis. As the primary contacts for day-to-day serviceneeds, the main goal of the Senior Advisor is to deliver exceptional client service and beavailable to assist with any aspect of the clients’ accounts, or put them in contact with theappropriate resources at Soltis.

Kim D. Anderson, AIF® Partner, VP, Retirement Plan Services

Responsible for the overall Plan management and the services provided to the client andworks closely with the Team to ensure exceptional proactive client service. Also responsibleto ensure compliance with ERISA and Fiduciary requirements.

Hal G. AndersonPresident, CEO, CIO

As CEO, is responsible for the oversight of all the services provided by Soltis to include theRetirement Plan Division and Wealth Management Division.

The Advisor Analyst assist the Senior Advisor in all the plan research, investment analysis,benchmarking, and implements the fiduciary process. The Advisor assist in the day-to-dayservice in the absence of the Senior Advisor, always available to assist with requests fromthe Fiduciary Committee.

TJ AdamsAdvisor/Analyst

Bill Wallace, CFACo- Chief Investment Officer

Chairman of the Investment Committee responsible for the investment manager research,asset allocation studies, portfolio monitoring and performance measurement, andinvestment themes. Responsible for the due diligence of investment options and monitorsand evaluates mutual funds, separate accounts managers and alternative investments foruse in current and prospective clients.

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Soltis Alliances (Institutional Network)

Charles Schwab Fidelity Investments Empower Prudential JP Morgan Wells Fargo

Fidelity Investments The Newport Group Alliance Benefit Group JP Morgan Prudential

Institutional Money Managers

Over 14,000 Money Managers Available

Institutional Custodians Institutional Record Keepers Ascensus Charles Schwab Wells Fargo Empower John Hancock ADP

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Soltis Representative Institutional Clients

Soltis selected the representative clients listed above based on a variety of objective criteria including the size of the account, the type of

account, and the investment objective. Soltis does not know whether the listed clients approve or disapprove of Soltis or the advisory

service provided by Soltis.

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Soltis Named Among Top 1,200 Financial Advisors

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Hal Anderson & Kim Anderson appointedto NAPA Government Affairs Committee

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Soltis Ranked 7th RegisteredInvestment Advisors

www.utahbusiness.com

March 2015

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Soltis Value Proposition

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The Components of Retirement Plans

Custodian

Utah CountyPlan AdministratorNamed Fiduciary

Trustee

Record Keeping

Expert AdvisorERISA 3(38) Fiduciary(Soltis Investment Advisors)

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Soltis Value Proposition

Optimal Plan Design

Plan Design Aligned with Business Goals

CEFEX Fiduciary Governance Process

Fiduciary Protection

Top Quartile Investment

Options

Professional Model

Portfolio’s

Plan Vendor SearchesEducation

Benchmarking

Fee BenchmarkPlan Design Benchmark

Targeted Participant Education

Advice, One-on-One Consultation

Plan SponsorDRAFT

Fiduciary

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The Fiduciary Definitions

408(g)Fiduciary adviser

Utah CountyPlan AdministratorNamed Fiduciary

3(21)“Limited scope”

fiduciary

3(21)Named fiduciary

3(38)Registered investment

manager

Columbia Management – Fiduciary Matrix

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Soltis has received CEFEX CertificationHow Clients Benefit:

CEFEX-certified Investment Advisors proudly display the CEFEX Mark. Voluntarily, they undergo annual fiduciaryassessments conducted by independent expert analysts. The resulting assessment reports are reviewed by a separateregistration committee. This program can be thought of as a sophisticated peer-review system.

The CEFEX Mark

The CEFEX certification ensures that the advisor has prudent fiduciary practices in place and a culture of excellence, supported by documented and structured processes.

Documented and structured processes are more likely to result in investment portfolios that:

Are better designed and have lower costs Structured due diligence processes force rational investment and service selection, thereby ensuring the best value for the portfolio.

Can deal with a wider range of investment conditions The investment process is not hostage to market swings. The process anticipates all types of conditions and can rationally account for investment outcomes.

Make fewer strategic mistakes A well-structured process virtually eliminates deficiencies in portfolio management. The decision rules would not allow it!

Better manage client expectations through education, reporting and disclosure Disclosure alone is often insufficient to help investors. The fiduciary process leads to a more educated client who can better understand the components of their portfolios. The process should enable greater personalization, based on risk preferences and financial needs.

Increased oversight Independent fiduciary assessments supplement the advisor’s internal compliance practices and their mandatory statutory regulatory compliance. The rules associated with statutory compliance are designed to constrain bad conduct, but it is impossible to set rules for every situation. Independent fiduciary assessments focus oversight on process, so virtually all situations are covered.

Competitive influence The CEFEX-certified advisor is earning your business on fiduciary principles. The firm is striving to be the best fiduciary in a crowded market!

Benefits to clients:

Higher probability of enhanced portfolio outcomes Documented, repeatable processes are more likely to generate higher returns over time, because they are not dependent on timing, luck, “in-fashion” or un-substantiated decisions.

Increased transparency Far too many advisors operate like black boxes. They cannot (or will not) describe their process there by avoiding accountability to the investor. The prudent process has nothing to hide.

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How Clients Benefit From Their Advisor’s CEFEX Certification

The CEFEX Fiduciary Assessment:

Validates practices and processes Includes review of file administration, information gathering, custody, brokerage, and best execution, using a consistent evidence-based methodology.

Assesses structure, systems, support and reporting Analyzes the Investment Policy Statement and the due diligence process, comparing the advisors investment line-up to a standard set of fiduciary screens. The assessment also reviews how conflicts of interest, if any, are managed and disclosed.

Reviews risk assessment Reviews how asset allocation is based on capital market inputs and risk assumptions used by the advisor. How does the advisor manage risk and return characteristics of the portfolio?

Samples client files Verifies that client files contain the Service Agreement deliverables, records and outputs of the investment management process for the specific client.

Is complementary to regulatory exams The CEFEX process-based assessment takes a different approach from the regulator’s rules- based approach. A background check including regulatory, legal and bankruptcy actions is also conducted.

Investors of all types should mandate the CEFEX certification of their advisors.

For more information on CEFEX, please contact Charles Burger at 412-221-0292, ext. 244 or cburger@cefex.org

CEFEX Centre for Fiduciary Excellence, LLC. is an independent certification organization. CEFEX works closely with industry experts to provide comprehensive assessment programs to promote fiduciary best practices. It certifies investment stewards, advisors, fiduciary advisers (PPA), managers, ASPPA recordkeepers, ASPPA administrators, and support services firms. To learn more about CEFEX, please visit www.cefex.org.

Abele Office Park • 10 Emerson Lane, Suite 801 • Bridgeville, PA 15017 • Tel: 412-221-0292 ext. 244 • e-mail: cburger@cefex.org2255B Queen St. East, Suite 406 • Toronto, Ontario Canada M4E 1G3

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Audit Content & Components

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Soltis Retirement Plan Audit

• Plan Documents o Plan Investment Policy Statement o Plan Documentso Committee Charters

• Plan Investment Optionso Performance & Risk o Selection and Monitoring According to Prudent Standardso Quantitative & Qualitative Analysis – Monitoringo Asset Class Diversification & Correlation

• Plan Expense Analysiso Competitive Vendor Fee Analysis o Investment Share Class Analysis

• Optimizing Plan Employee Outcomeso Education & Communication Campaignso Employee One-on-One Consultation & Adviceo Financial Wellness Programso Retirement Readiness Seminarso Financial Planning

Evaluates the Following:

401(k) Answer Book Special Supplement, Panel Publishers/ 2008 Western Benefits Conference

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Soltis Investment Advisors

20 N. Main Suite 400St. George, UT 84770

222 South Main StreetSalt Lake City, UT 84101

www.soltisadvisors.com(800) 735-1601 (435) 674-1600

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