Peirce Park Group, Inc. (“PPG”) is an investment adviser registered with the Securities and Exchange Commission with its principal place of business in West Chester, Pennsylvania. The firm was founded in 1988, and it is wholly-owned by Marquette Associates, Inc. (“MAI”) as of January 3, 2017. PPG offers primarily investment consulting services and advisory services to institutions, individuals, families, trusts, and charitable organizations or other business entities. PPG’s parent, MAI, is headquartered at 180 N. LaSalle Street, Suite 3500, Chicago, IL 60601 and has additional offices located in Baltimore, Maryland, St. Louis, Missouri, and Milwaukee, Wisconsin. Investment Consulting Services PPG offers both non-discretionary and discretionary investment consulting services, although PPG provides primarily non-discretionary consulting services. These services include: ▪ Asset allocation modeling / asset-liability studies ▪ Manager search, selection, and oversight ▪ Performance reporting and attribution analysis ▪ Firm-conducted research and educational training for clients ▪ Investment policy development and oversight ▪ Fee negotiation and cost advisement ▪ Custom benchmark development and peer comparison ▪ Review and selection of custodial bank PPG provides customized services to its clients and no two investment programs are alike. Our consultants take into consideration factors such as the client’s risk tolerance, forecasted liability, and return expectations when making recommendations. Clients are allowed to designate reasonable restrictions on their accounts. In addition, PPG provides fiduciary services that allow PPG to have the discretionary authority to rebalance accounts and hire and fire third party managers. Lastly, PPG may also work on special projects for prospective clients wherein PPG is retained to provide

certain, discrete consulting services. PPG does not participate in wrap fee programs or accept soft dollar payments for its services. Investment Supervisory Services PPG provides investment supervisory services in the direct management of client portfolios to institutions, individuals, families, family offices, registered investment advisors, trusts, and charitable organizations or other business entities on a discretionary basis. In addition, PPG has the authority to invest assets with various investment managers that are within the parameters of the client’s investment policy. Prior to engaging PPG to provide any of the foregoing investment advisory services, the client will be required to enter into one or more written agreements with PPG setting for the terms 5 and conditions under which PPG shall render its services. Likewise, PPG will use certain investment tools to determine the clients’ risk parameters, time horizon and investment objectives. These include in person meetings, a risk profile, client questionnaire and other documentation. PPG’s clients are advised to properly notify PPG if there are ever any changes in their financial situation or investment objectives or if they wish to impose any reasonable restrictions upon PPG’s management services. In general, PPG does permit restrictions upon the type of security or particular security that the client requests. Assets Under Advisement and Management As of December 31, 2023, PPG had $388,107,805 in client assets under management on a discretionary basis and $22,451,723 in client assets under management on a non-discretionary basis and as of the same date, PPG provided traditional investment consulting services to $378,260,398 in client assets under advisement. 6