Traphagen Investment Advisors, LLC has been providing investment supervisory services since 1997. We encourage those involved in making investment decisions to be a CFP (Certified Financial Planner) or CPA/PFS (Certified Public Accountant/Personal Financial Specialist. The Managing Director of the company is: V. Peter Traphagen Jr. DOB: 1967 Education: BA Accounting/Minor Economics, Lycoming College Experience: Traphagen & Traphagen CPAs 1990 – 1997 Traphagen Investment Advisors LLC 1997 – present Professional Designations: CPA, PFS, AEP, CFP Investment Advisors Services: We offer advice on the following (but not limited to): Equity securities – exchange listed and over the counter, Corporate debt securities and structured notes, Commercial paper, Certificates of deposit, Municipal securities, Investment company securities – variable life insurance, variable annuities, mutual fund shares, Exchange traded funds and notes, United States government securities, Options contracts on securities, and Interests in partnerships investing in real estate, businesses, debt and oil and gas interests. Our regulatory assets under management as of December 31, 2022 were $1,152,000,000. Of that amount, $23,000,000 were held in non-discretionary 401k accounts. Retirement Plan Services: We also provide services to assist plan sponsors, trustees, and administrators to meet fiduciary responsibilities under the Employee Retirement Income Security Act of 1974 (“ERISA”), which may include the following:
• Participant Education – We may provide group meetings or individual participant meetings to help participants achieve better financial understanding.
• Monitoring – We may establish and manage a process to select, de-select, and monitor investments offered to plan participants. We may evaluate the plan’s current offerings by benchmarking the investment return, risk, and expenses to its peers and relative indices, by providing an assessment of asset class overlap or gaps, and by evaluating overall investment offerings to the plan.
• Trustee and Investment Committee Meetings – We may meet with the plan’s sponsor or administrator to document the performance of the plans investments and to make any recommendations that may be appropriate for changes.
• Discretionary Model Management – We may develop and manage portfolios designed to meet specific risk and return characteristics. These models will be comprised mainly of investments offered to plan participants. We may also serve as the advisor on these models in an advisory arrangement under ERISA §3(21) and ERISA §3(38) as described below. Retirement Plan Consulting Services Under ERISA §3(21) Traphagen Investment Advisors, LLC provides retirement plan consulting services under ERISA §3(21). In this capacity, we assist sponsors of self-directed retirement plans with the selection and/or monitoring of investment alternatives from which plan participants choose in self-directing the investment for their individual plan retirement accounts. The plan sponsor or administrator ultimately decides

whether and how to implement these recommendations. To the extent requested by the plan sponsor, we will also provide participant education designed to assist participants in identifying the appropriate investment strategy for their retirement plan accounts. The plan participants are responsible for any individual investments selections made under the plan. When providing services under ERISA §3(21), we do not exercise discretionary authority or control of plan assets or administration of the plan. Retirement Plan Investment Management Services Under ERISA §3(38) For the purposes of ERISA §3(38), we may serve as the “investment manager” that exercises discretionary authority to select, monitor, and replace the investment options in the plan platform, as well as the provision of model portfolios developed for the plan from which the plan participants are responsible to individually select. For non-self-directed retirement plans, we may also have discretion to purchase and sell securities within the plan’s portfolio without having to obtain the plan sponsor or administrator’s permission to execute transactions. eMoney Advisor Platform Traphagen Investment Advisors, LLC may provide its clients with access to an online platform hosted by “eMoney Advisor” (“eMoney”). The eMoney platform allows a client to view their complete asset allocation, including those assets that Traphagen Investment Advisors, LLC does not manage (Excluded Assets). Traphagen Investment Advisors, LLC does not provide investment management, monitoring, or implementation services for the Excluded Assets. The client and/or any other appointed advisor that maintains management authority over the Excluded Assets, and not Traphagen Investment Advisors, LLC, shall be exclusively responsible for such investment performance. The eMoney platform also provides access to other types of information, including financial planning concepts, which should not in any manner whatsoever be construed as services, advice, or recommendations provided by Traphagen Investment Advisors, LLC. Traphagen Investment Advisors, LLC shall not be held responsible for any adverse results a client may experience if the client engages in financial planning or other functions available on the eMoney platform without our assistance or oversight. Trade Error Policy Traphagen Investment Advisors, LLC shall reimburse accounts for losses resulting from our trade errors, however if errors result in market gains, the net gains will be sent to a registered charity. The gains and losses are reconciled within Traphagen Investment Advisors, LLC’s custodial firm error account. For accounts held at Fidelity Investments, they provide Traphagen Investment Advisors LLC the opportunity to name a charity of our choice. Our current charity is Share USA, a 501(c)(3) non- profit which was established to assist those in need of medical or financial aid. 100% of all donations support the charity recipients. Certain employees of the firm and family members serve on the board of the charity as non-compensated board members, and therefore may be viewed as a possible conflict of interest.