Fees

Question 1

Deposit based comission

Answer 1

% of deposits

Question 2

Asset based comission

Answer 2

% of total plan assets

Question 3

Embedded broker fees

Answer 3

Embedded in contract’s investment returns

Question 4

Broker wrapped fees

Answer 4

Applied to total contract assets

Question 5

Class of embedded fees

Answer 5

2-9

Question 6

Class of wrapped fees

Answer 6

0-1

Question 7

Tpa ongoing service fee - embedded

Answer 7

% of contract investment returns

Question 8

Tpa ongoing service fee - deducted

Answer 8

Deducted from total contract assets as a recurring fee transaction

Question 9

Contract embedded fees

Answer 9

JH deducts from investment returns

Question 10

Expense ratio

Answer 10

report of the annualized percentage of the assets invested in the sub account

Question 11

Unit value

Answer 11

Annualized percentage of expense ratio converted into a daily rate.

Question 12

Contract wrapped fees

Answer 12

Assets as a percentage divided by 12.

Question 13

Contract wrapped fees at the end of each quarter

Answer 13

Apollo adds up wrapped fees it calculated for each month and either deducts or bills it to the plan

Question 14

Dollar-based fees

Answer 14

Per participant from each participant account. Deducted from ppt account or billed to the plan at quarter end

Question 15

JH recordkeeping fee

Answer 15

JH embeds 0.60% or 60 bps to investment returns

Question 16

Underlying mutual funds

Answer 16

Embed it’s own investment management fees into the investment returns of the underlying mutual fund

Question 17

Basic asset charged is wrapped or embedded

Answer 17

Wrapped

Question 18

Basic asset change definition

Answer 18

Annualized % of contract assets, calculated monthly, deducted quarterly

Question 19

JH may waive BAC

Answer 19

Once it’s total assets reach and stay above a specified dollar amount because it’s fee for JH recordkeeping covers it’s recordkeeping expenses

Question 20

Bps sig menu

Answer 20

0

Question 21

Bps class 1

Answer 21

60

Question 22

Bps class 2

Answer 22

65

Question 23

Bps class 3

Answer 23

70

Question 24

Bps class 4

Answer 24

75

Question 25

Bps class 5

Answer 25

85

Question 26

Bps class 7

Answer 26

110

Question 27

Bps class 8

Answer 27

135

Question 28

Bps class 9

Answer 28

160

Question 29

Fr compensation class 2

Answer 29

0.05%

Question 30

Fr compensation class 3

Answer 30

0.10%

Question 31

Fr compensation class 4

Answer 31

0.15%

Question 32

Fr compensation class 5

Answer 32

0.25%

Question 33

Fr compensation class 6

Answer 33

0.37%

Question 34

Fr compensation class 7

Answer 34

0.50%

Question 35

Fr compensation class 8

Answer 35

0.75%

Question 36

Fr compensation class 9

Answer 36

1%

Question 37

Signature menu fees

Answer 37

Wrapped - fees deducted from underlying mutual fund company

Question 38

Class 1 fees

Answer 38

Wrapped - fees deducted from underlying fund company + 0.60 bps

Question 39

Class 2-9 fees non pinpoint

Answer 39

Embedded fees deducted from underlying fund company 0.60 bps Broker compensation % varies

Question 40

Class 2-9 fees pin point

Answer 40

Embedded fees deducted from underlying fund company Fees for JH recordkeeping vary Third party compensation varirs

Question 41

Class 1 non PP and PP are similar only difference is

Answer 41

Class 1 PP may include a wrapped JH fee to ensure it hits its revenue targets for recordkeeping expenses

Question 42

Class 1 can wrap it’s RIA fee if

Answer 42

It is a pin point contract

Question 43

Plan services > total revenue used towards plan cost

Answer 43

Reports annualized 0.60% that JH recovers from each class 1 sub-account to pay for our recordkeeping expenses

Question 44

Revenue from underlying fund

Answer 44

The underlying fund may share some of it’s investment services revenue with JH as a compensation for tracking, marketing, and reporting to the fund

Question 45

Revenue from sub account

Answer 45

When added to revenue from underlying fund, this is the amount that JH must deduct from the sub-account to recover it’s 0.60% fee for JH recreokeeping services

Question 46

Expense ratio for class 1

Answer 46

Embedded fees recovered by underlying mutual fund + total revenue used toward plan cost Reports it as an annualized % of the assets in sub-account

Question 47

Class 1 Non-PP total asset charge

Answer 47

Sum of contract’s wrapped fees. Calculated monthly, deducted quarterly

Question 48

Class 1 non-PP BAC

Answer 48

Covers the cost of the contracts FR compensation. Do not use externally. Not what they actually get.

Question 49

Class 1 non-PP tpa fee

Answer 49

Apollo calculates and pays out fees each month as a recurring fee transaction

Question 50

Sig menu PP | Total asset charge

Answer 50

Sum of contracts wrapped fees Calculated monthly, deducted quarterly

Question 51

Sig menu PP sales and service fee

Answer 51

Recovers the cost if the contract’s FR compensation. Does not necessarily mean this is what the FR gets

Question 52

Sig menu PP BAC

Answer 52

Apollo calculates this annualized % at the start of each month, based on a contract’s total assets. As assets increase, it’s BAC decreases

Question 53

Sig menu PP other adjustments

Answer 53

Reports the contract’s annualized % fee for JH recordkeeping services