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EXHIBIT 1B <br />FEES FOR SERVICES <br />1. PARS will be compensated for performance of Services, as described in Exhibit IA <br />based upon the following schedule: <br />(A) A distribution fee equal to $20.00 per terminated Participant ( "Distribution Fee "), <br />which shall be deducted solely from the terminating Participant's account or paid by <br />the Agency. <br />Distribution Fee Payment Option (Please select one option below): <br />Distribution Fee shall be paid solely from the terminating Participant's <br />account. <br />❑ Distribution Fee shall be paid by the Agency. <br />(B) An annual asset fee paid by the Agency or from Plan Assets based on the following <br />schedule ( "Asset Fee "): <br />For Plan Assets from: Annual Rate: <br />$1 <br />to <br />$500,000 <br />2.00% <br />$500,001 <br />to <br />$2,500,000 <br />1.50% <br />$2,500,001 <br />to <br />$5,000,000 <br />1.25% <br />$5,000,001 <br />to <br />$10,000,000 <br />1.00% <br />$10,000,001 <br />and <br />above <br />0.75% <br />Annual rates are prorated and paid monthly. The annual Asset Fee shall be <br />calculated by the following formula [Annual Rate divided by 12 (months of the year) <br />multiplied by the Plan asset balance at the end of the month within each asset range]. <br />Asset based fees are subject to a $400.00 monthly minimum. If the Asset Fee is <br />taken from Plan Assets, the total Asset Fees due in a given month shall be allocated <br />proportionately among Participants of the Agency's Plan in that month, based on <br />account balance. Trustee and Investment Management Fees are not included. The <br />monthly minimum is subject to an automatic cost -of- living increase of 2% per year <br />commencing the 1" of the month following the Term as defined in Section 20 above. <br />Annual Asset Fee Payment Option (Please select one option below): <br />Annual Asset Fee shall be invoiced and paid by the Agency. <br />Annual Asset Fee shall be paid from Plan Assets. <br />(C) A fee equal to any IRS application fees and or legal fees incurred related to any <br />federal or state required Plan compliance changes. Such fees will not be charged <br />to the Agency without prior authorization by the Plan Administrator. <br />(D) A fee equal to the out of pocket costs charged to PARS by an outside contractor for <br />formatting contribution data to a suitable electronic format, charged only if the <br />contribution data received by PARS from the Agency is not sent electronically <br />(Excel, CSV, TXT, or other approved format) ( "Data Processing Fee "). <br />- <br />