Disclaimer

1 The claim of national recognition is based on Francis Investment Counsel’s reception of third party awards, including PLANSPONSOR’s 2016 Retirement Plan Adviser of the Year Finalist,2 PLANADVISER’s 2017 Top 100 Adviser,3 Pensions&Investments 2016 Three-Time Eddy Award-Winner,4  Pensions&Investments 2016 Top 100 Institutional Consultants,5 and PLANSPONSOR’s 2015 Best in Class 401(k) Plan.6

2 PLANSPONSOR’s 2016 Retirement Plan Advisor of the Year Finalist recognition received based on response to Asset International’s 2015 PLANADVISER Retirement Plan Adviser Survey. Eligible advisors required nomination as a Retirement Plan Advisor of the Year or self-nominate by providing industry references. 491 firms responded to the survey. No submission fees required. Selection process based on quantitative variables, a sub-segment of survey questions, and survey information supplied by the advisors themselves. Finalist selection based on firms’ business revenue derived from employer-sponsored retirement plans, fiduciary service capacity, commitment to fee-based compensation, utilization of outcome-based metrics for plan success, and service to plan sponsors and plan participants. Francis Investment Counsel was one of five finalists selected in the “Large Team” category. Francis Investment Counsel is not affiliated with, does not receive remuneration from, or provide remuneration to Asset International.

3 PLANADVISER’s 2017 Top 100 Retirement Plan Adviser recognition received based on response to Asset International’s 2016 PLANADVISER Retirement Plan Adviser Survey. No submission fees required. Top 100 list drawn from quantitative variables, a sub-segment of survey questions, and survey information supplied by the advisors themselves. Recognized advisors were required to meet certain qualifications regarding number of plans advised and total assets under advisement. Francis Investment Counsel was recognized in the “Large Teams With $4 Billion or More in Retirement Plan Assets Under Advisement” category. Francis Investment Counsel is not affiliated with, does not receive remuneration from, or provide remuneration to Asset International.

4 2016 Eddy Award recognition received based on Pensions&Investments annual evaluation process. Winners demonstrated program effectiveness and creativity, as well as completion of the entry forms, which included a $150 fee per entry. Number of entries varies annually but averages 130-150. Francis Investment Counsel nominated two clients in the category, “Joint – Plan sponsor and service provider entering together as a team,” and self-nominated in the category, “Service provider only (generic materials).” Selection criteria weighted differently based upon the category, but in general, creativity and the ease of understanding complex topics was key in determining successful entries. In 2016, a total of 46 defined contribution plan education programs were recognized with a First, Second, or Third-Placed Eddy Award, based on the entry category, size of the plan, and educational topic discussed. In addition to 2016’s winning entries, Francis Investment Counsel was also recognized with an Eddy Award in 2011 (1st Place), 2012 (1st Place), and 2014 (2nd Place).

5 Pensions&Investments 2016 Top 100 Institutional Consultant recognition received based on response to Pensions&Investments 2016 Top 100 Institutional Consultant survey. Top 100 Institutional Consultants determined based on completion of survey and total assets advised. No submission fees required. Francis Investment Counsel is not affiliated with, does not receive remuneration from, or provide remuneration to Pensions&Investments.

6 PLANSPONSOR’s 2015 Best in Class 401(k) Plan recognition received based on response to Asset International’s 2014 PLANSPONSOR Defined Contribution Survey. Entries on behalf of 3,802 401(k) plans were received. No submission fees were required. Plan entries were rated through a proprietary system that weighted usage/implementation of more than 30 criteria related to plan design, oversight/governance and participant outcomes, with numeric scores assigned to each attribute. Plans that achieved a total score of more than 90 points, on a 100-point scale, were designated as “Best in Class.” Francis Investment Counsel’s own 401(k) plan was one of the 29 plans recognized in the inaugural year of the award. Plans may be recognized only once with PLANSPONSOR’s “Best in Class” designation. Francis Investment Counsel is not affiliated with, does not receive remuneration from, or provide remuneration to Asset International.

The information presented has been obtained from sources believed to be reliable, but Francis Investment Counsel does not guarantee its accuracy or completeness.