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fee notifications they receive from NIA to the Nationwide ProAccount Fee deduction shown within their <br /> quarterly custodial statements. Any identified discrepancies should promptly be reported. <br /> Nationwide ProAccount in the NRS Retirement Proclram <br /> Nationwide ProAccount assets are custodied by the applicable custodian to the NRS Retirement Program, <br /> which may be either NLIC (for plan assets held in a group annuity); Nationwide Trust Company (for plan assets <br /> held on the Nationwide Trust Company trust platform); or an unaffiliated third party. Both NLIC and <br /> Nationwide Trust Company are "related persons" of NIA. A "related person" is a person (including a corporate <br /> entity) directly or indirectly controlling or controlled by, or under common control with, NIA. Control means <br /> the power, directly or indirectly, to direct the management or policies of a person (including a corporate <br /> entity), through ownership of securities, by contract, or otherwise. NLIC and Nationwide Trust Company are <br /> both 100%owned by Nationwide Financial. NLIC in turn owns 100%of NIA. Therefore NLIC, Nationwide Trust <br /> Company and NIA are under common control. <br /> Because a related person of NIA acts as the custodian for plan assets held in an NLIC group annuity or on the <br /> Nationwide Trust Company trust platform, NIA is considered to have custody of those Nationwide ProAccount <br /> assets.To the extent an unaffiliated third party(i.e.,a party that is not a "related person") acts as custodian for <br /> plan assets, NIA would not be considered the custodian for Nationwide ProAccount assets associated with the <br /> plan, except to the extent that Nationwide ProAccount Fees are automatically deducted from a ProAccount <br /> Client's account and paid directly to NIA. <br /> The custodian is authorized to deduct any and all Nationwide ProAccount Fees, when due, from a ProAccount <br /> Client's retirement plan account and to remit the appropriate fees to NIA as investment adviser. The custodian <br /> may charge a separate custody fee in addition to the Nationwide ProAccount Fee. ProAccount Clients receive <br /> quarterly account statements from the custodian as part of the NRS Retirement Program. Quarterly custodial <br /> statements reflect the deduction of Nationwide ProAccount Fees. In addition, NIA sends quarterly fee <br /> notifications to each ProAccount Client with assets under management within the program. All ProAccount <br /> Clients should compare the fee notifications they receive from NIA to the Nationwide ProAccount Fee <br /> deduction shown within their quarterly custodial statements. Any identified discrepancies should promptly be <br /> reported. <br /> Item 16 Investment Discretion <br /> Nationwide Larae Cap Growth Portfolio <br /> NIA has delegated its investment discretion over assets in the LCG Portfolio to the sub-advisers of the LCG <br /> Portfolio. Sub-adviser responsibilities include, among other things, determining which securities or other <br /> investments to buy, sell or exchange and providing any services that may be necessary in managing, buying, or <br /> selling securities or other investments. NIA determines the allocation of LCG Portfolio assets among the sub- <br /> advisers and then oversees, evaluates and monitors the services of each sub-adviser. NIA does not determine <br /> what investments will be purchased by the sub-advisers for the LCG Portfolio. <br /> Point in Time Non-Discretionary Advice <br /> NIA does not have discretionary authority over the Client's account and will not be responsible for buying or <br /> selling any securities for the Client's account. The Client will be solely responsible for implementing NIA's <br /> recommendations. <br /> Advice Program for Plan Sponsors of Trustee Directed Retirement Plans <br /> Prior to establishing an advisory account under the Advice Program,the plan sponsor must complete an Advice <br /> Program Questionnaire developed by the Portfolio Strategist to assist the plan sponsor in its selection of a <br /> Portfolio that meets the plan's investment objectives, as well as to indicate any reasonable restrictions the <br /> plan sponsor may wish to place on the management of eligible retirement plan account assets. Based on the <br /> 20 <br />