ADV Firm Brochure

Part 2A of Form ADV: Firm Brochure

NestEggs

Nesteggs Retirement Plan Services, Inc.
10407 Centurion Parkway N, Suite 126
Jacksonville, FL 32256

Telephone: (904) 348-3131
Web Address: www.NestEggs401k.com
March 25, 2025

This brochure provides information about the qualifications and business practices of NestEggs Retirement Plan Services, Inc. (referred throughout this brochure as NestEggs, Inc.). If you have any questions about the contents of this brochure, please contact us at (904) 348-3131. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority.

Registration with the SEC or with any state securities authority does not imply a certain level of skill or training.

Additional information about NestEggs, Inc. also is available on the SEC’s website at www.adviserinfo.sec.gov. You can search this site by a unique identifying number, known as a CRD number. Our firm’s CRD number is 133507.

Item 2 Material Changes

The following summarizes new or revised material disclosures based on information previously provided during our last annual Firm Brochure filing dated 03/29/2024:

Item 15: For Portfolio Management services, we may have the authority to move money through a Standing Letter of Authorization (“SLOA”). Third-party SLOAs are considered custody by the SEC. Thus, we have amended our disclose in Item 15 of this Brochure.

Item 3 Table of Contents

Cover Page
Material Changes
Table of Contents
Advisory Business
Fees and Compensation
Performance-Based Fees and Side-By-Side Management
Types of Clients
Methods of Analysis, Investment Strategies and Risk of Loss
Disciplinary Information
Other Financial Industry Activities and Affiliations
Code of Ethics, Participation or Interest in Client Transactions and Personal Trading
Brokerage Practices
Review of Accounts
Client Referrals and Other Compensation
Custody
Investment Discretion
Voting Client Securities
Financial Information

Item 4 Advisory Business

NestEggs, Inc. is a SEC-registered investment adviser with its principal place of business located in Florida. NestEggs, Inc. began conducting business in 2000.

Listed below are the firm’s principal shareholders (i.e., those individuals and/or entities controlling 25% or more of this company).

Kevin Brooks Cheezum, President
Blake Austin Macklin, CFO
Alex B. Jenkins, CRO

NestEggs, Inc. offers the following advisory services to our clients:

PENSION CONSULTING SERVICES

We provide several advisory services separately or in combination. While the primary clients for these services will be pension, profit sharing and 401(k) plans, we offer these services, where appropriate, to individuals and trusts, estates and charitable organizations. Pension Consulting Services are comprised of four distinct services. Clients may choose to use any or all of these services.

Investment Policy Statement Preparation (hereinafter referred to as ”IPS”):

We will correspond with the client (generally in person, through email, or over the telephone) to determine an appropriate investment strategy that reflects the plan sponsor’s stated investment objectives for management of the overall plan. Our firm then prepares a written IPS detailing those needs and goals, including an encompassing policy under which these goals are to be achieved. The IPS also lists the criteria for selection of investment vehicles as well as the procedures and timing interval for monitoring of investment performance.

Selection of Investment Vehicles:

We assist plan sponsors in constructing appropriate asset allocation models. We will then review various mutual funds (both index and managed) to determine which investments are appropriate to implement the client’s IPS. The number of investments to be recommended will be determined by the client, based on the IPS.

Monitoring of Investment Performance:

We monitor client investments continually, based on the procedures and timing intervals delineated in the Investment Policy Statement. Although our firm is not involved in any way in the purchase or sale of these investments, we supervise the client’s portfolio and will make recommendations to the client as market factors and the client’s needs dictate.

Employee Communications:

For pension, profit sharing and 401(k) plan clients with individual plan participants exercising control over assets in their own account (”self-directed plans”), we also provide educational support and investment education meetings designed for the plan participants. The nature of the topics to be covered will be determined by us and the client under the guidelines established in ERISA Section 404(c). The educational support and investment meetings will NOT provide plan participants with individualized, tailored investment advice or individualized, tailored asset allocation recommendations.

At a plan participant’s request, and if so arranged with the client, NestEggs, Inc. may also provide limited consulting advice to the participant, with regard to the participant’s asset allocation decision. Fees for this advisory service are included in the fee paid by the plan to NestEggs, Inc. In addition, NestEggs, Inc. provides non-investment related consulting services related to retirement plan compliance and administration.

MODEL PORTFOLIO MANAGEMENT

Our firm provides continuous portfolio management services to our Pension, Profit Sharing and 401k Plan clients using mutual fund model asset allocation portfolios. Each mutual fund model portfolio is designed to meet a particular investment goal. Below are the four mutual fund model asset allocation portfolios we provide:

100/0 NestEggs All Equity Portfolio

80/20 NestEggs Growth Portfolio

60/40 NestEggs Balanced Portfolio

40/60 NestEggs Conservative Portfolio

Through personal discussions with the client in which the client’s goals and objectives are established, we initially determine whether the model portfolio is suitable to the client’s circumstances. Once we confirm suitability, the portfolio is managed based on the portfolio’s goal, rather than on each client’s individual needs. Clients are under no obligation to select from the four mutual fund model asset allocation portfolios offered by NestEggs, Inc. Clients, nevertheless, have the opportunity to place reasonable restrictions on the types of investments to be held in their account. Clients retain individual ownership of all securities.

We manage these advisory accounts on a discretionary basis. Account supervision is guided by the client’s stated objectives (i.e., maximum capital appreciation, growth, income, or growth and income), as well as tax considerations.

Once the client’s portfolio has been established, we review the portfolio annually, and rebalance the portfolio at least three times per year.

Our investment recommendations are not limited to any specific product or service offered by a broker dealer or insurance company and will generally include advice regarding the following securities:

Exchange Traded Funds
Certificates of Deposits
Mutual fund shares

Because some types of investments involve certain additional degrees of risk, they will only be implemented/recommended when consistent with the client’s stated investment objectives, tolerance for risk, liquidity, and suitability.

To ensure that our initial determination of an appropriate portfolio remains suitable and that the account continues to be managed in a manner consistent with the client’s financial circumstances, we will:

a) send quarterly statements with reminders to each Model Portfolio Management Services client requesting any updated information regarding changes in the client’s financial situation and investment objectives.

b) at least annually, reach out to clients through various email communications offering to review their accounts to determine if there have been any changes in the client’s financial situation or investment objectives, and whether the client wishes to impose investment restrictions or modify existing restrictions.

c) be reasonably available to consult with the client.

WRAP FEE PROGRAMS

NestEggs, Inc. does participate in a Wrap Fee Program for non-pension clients. The wrap fee program is intended for non-pension clients who would prefer to have advisory fees and brokerage commissions bundled into a singular fee based on a percentage of assets under management (“wrap fee”). NestEggs, Inc. receives a portion of the wrap fee and remits any transaction fees to the custodian. For non-pension clients whose accounts are appropriate and suitable for such fee structure, we will provide the Form ADV Part 2A, Appendix 1, Wrap Fee Program Brochure. Please refer to that Wrap Fee Program Brochure for more information.

The strategies employed under a wrap fee program may differ from the strategy employed for regular investment management services, where advisory fees and brokerage commissions are paid separately (“non-wrap”). A wrap fee may be appropriate for accounts that incur larger sums of brokerage commissions due to larger amounts of trading activity. This strategy is not appropriate for all accounts, such as those under a more passive investment strategy. Please contact NestEggs, Inc. should you have any questions regarding the wrap fee program.

AMOUNT OF MANAGED ASSETS

As of 12/31/2024, we were actively managing $724,718,727 in assets under management, $661,386,389 of which are on a discretionary basis and $63,332,338 on a non-discretionary basis.

Item 5 Fees and Compensation

PENSION CONSULTING FEES

Our fees for Pension Consulting Services will be charged in one of two different ways:

1) As a standard monthly fee that includes fixed fees and/or asset-based fees for Company Sponsored Retirement Plans depending on their Plan Design and level of complexity. These fees are negotiable.

Flat fixed fees range from $200 and $750 per month
Per participant fees range from $5 to $9 per month
Asset based fees are based upon the value of Plan assets as of the end of the applicable monthly period. The fee is payable monthly, in arrears.
- For 3(21) Fiduciary Services, the standard fee ranges from 3.33 Basis Points and 7.5 Basis Points per month.
- For 3(38) Fiduciary Services, depending on the complexity of the Plan Design, the standard fee ranges between fee is 4.17 Basis Points per month and 9.16 Basis Points per month. 3(38) Fiduciary Services include our Mutual Fund Model Portfolio Management Services which are part of the monthly fee.

NestEggs, Inc. may also provide 3(16) Fiduciary Services and Non-Fiduciary Optional Services for certain back-office and technological support functions. These services are provided at a flat fee or per plan participant fee and are disclosed in the Service Agreement by Exhibit A and vary on a client-by-client basis depending on plan features, reporting requirements, and number of participants.

2) As an hourly fee, ranging between $90/hour and $225/hour, depending on the experience of the individual conducting the work, and the specific nature of the client’s circumstances. The exact rate will be mutually agreed upon with the client prior to the inception of the work. Fees for this service will be collected in arrears at stages throughout the consulting process, which have been agreed upon with the client. There is a minimum annual fee requirement of $1,800 for this service, although under certain circumstances this may be negotiable.

GENERAL INFORMATION

Payment of NestEggs, Inc. fees may be made by invoice to the client or by granting NestEggs, Inc. authorization to debit the fee from the client’s or Plan’s account. The client will select the method of fee payment at the time the service agreement is executed and upon notice thereafter.

NestEggs, Inc. may charge a bona fide, one-time records takeover fee of up to $15,000. This fee is separate and distinct from any fee charged for advisory services. This fee may be negotiable. No investment advice is rendered with respect to this charge.

Termination of the Advisory Relationship: A client agreement may be canceled at any time, by either party, for any reason upon receipt of 60 days written notice. As disclosed above, certain fees are paid in advance of services provided. Upon termination of any account, any prepaid, unearned fees will be promptly refunded.

Mutual Fund Fees: All fees paid to NestEggs, Inc. for investment advisory services are separate and distinct from the fees and expenses charged by mutual funds and/or ETFs to their shareholders. These fees and expenses are described in each fund’s prospectus. These fees will generally include a management fee, other fund expenses, and a possible distribution fee. If the fund also imposes sales charges, a client may pay an initial or deferred sales charge. A client could invest in a mutual fund directly, without our services. In that case, the client would not receive the services provided by our firm which are designed, among other things, to assist the client in determining which mutual fund or funds are most appropriate to each client’s financial condition and objectives. Accordingly, the client should review both the fees charged by the funds and our fees to fully understand the total amount of fees to be paid by the client and to thereby evaluate the advisory services being provided.

Separately Managed Account Fees: Pension clients may select an Independent Investment advisor to assist with the management of their Pension, Profit Sharing and/or 401k Plan assets in a Separately Managed Account. Clients participating in separately managed account programs may be charged various program fees in addition to the advisory fee charged by our firm. Such fees may include the investment advisory fees of the independent advisers, which are subject to the terms agreed upon in a separate service agreement with the independent advisor. Such fees require a client’s signed authorization before they will be charged. We will review with clients any separate program fees that may be charged to clients.

Additional Fees and Expenses: In addition to our advisory fees, clients are also responsible for the fees and expenses charged by custodians and imposed by broker dealers, including, but not limited to, any transaction charges imposed by a broker dealer with which an independent investment manager effects transactions for the client’s account(s). Please refer to the “Brokerage Practices” section (Item 12) of this Form ADV for additional information.

Grandfathering of Minimum Account Requirements: Pre-existing advisory clients are subject to NestEggs, Inc.’s minimum account requirements and advisory fees in effect at the time the client entered into the advisory relationship. Therefore, our firm’s minimum account requirements will differ among clients.

ERISA Accounts: NestEggs, Inc. is deemed to be a fiduciary to advisory clients that are employee benefit plans or individual retirement accounts (IRAs) pursuant to the Employee Retirement Income and Securities Act (“ERISA”), and regulations under the Internal Revenue Code of 1986 (the “Code”), respectively. As such, our firm is subject to specific duties and obligations under ERISA and the Internal Revenue Code that include among other things, restrictions concerning certain forms of compensation. To avoid engaging in prohibited transactions, NestEggs, Inc. may only charge fees for investment advice about products for which our firm and/or our related persons do not receive any commissions or 12b-1 fees, or conversely, investment advice about products for which our firm and/or our related persons receive commissions or 12b-1 fees, however, only when such fees are used to offset NestEggs, Inc.’s advisory fees.

Advisory Fees in General: Clients should note that similar advisory services may (or may not) be available from other registered (or unregistered) investment advisers for similar or lower fees.

Limited Prepayment of Fees: Under no circumstances do we require or solicit payment of fees in excess of $1,200 more than six months in advance of services rendered.

Limited Negotiability of Advisory Fees: Although NestEggs, Inc. has established the above fee schedule(s), we retain the discretion to negotiate alternative fees on a client-by-client basis. Client facts, circumstances and needs are considered in determining the fee schedule. These include the complexity of the client, assets to be placed under management, anticipated future additional assets; related accounts; portfolio style, account composition, reports, among other factors. The specific annual fee schedule is identified in the contract between the adviser and each client.

We may group certain related client accounts for the purposes of achieving the minimum account size requirements and determining the annualized fee.

Discounts, not generally available to our advisory clients, may be offered to family members and friends of associated persons of our firm.

Item 6 Performance-Based Fees and Side-By-Side Management

NestEggs, Inc. does not charge performance-based fees.

Item 7 Types of Clients

NestEggs, Inc. provides advisory services to the following types of clients:

Individuals (other than high net worth individuals)
High net worth individuals
Pension and profit sharing plans (other than plan participants)

Pre-existing advisory clients are subject to NestEggs, Inc.’s minimum account requirements and advisory fees in effect at the time the client entered into the advisory relationship. Therefore, our firm’s minimum account requirements will differ among clients.

Item 8 Methods of Analysis, Investment Strategies and Risk of Loss

METHODS OF ANALYSIS

We use the following methods of analysis in formulating our investment advice and/or managing client assets:

Mutual Fund and/or ETF Analysis. We primarily use Index Funds, however, in the case of managed mutual funds, we look at the experience and track record of the manager of the mutual fund or ETF in an attempt to determine if that manager has demonstrated an ability to invest over a period of time and in different economic conditions. We also look at the underlying assets in a mutual fund or ETF in an attempt to determine if there is significant overlap in the underlying investments held in another fund(s) in the client’s portfolio. We also monitor the funds or ETFs in an attempt to determine if they are continuing to follow their stated investment strategy.

A risk of mutual fund and/or ETF analysis is that, as in all securities investments, past performance does not guarantee future results. A manager who has been successful may not be able to replicate that success in the future. In addition, as we do not control the underlying investments in a fund or ETF, managers of different funds held by the client may purchase the same security, increasing the risk to the client if that security were to fall in value. There is also a risk that a manager may deviate from the stated investment mandate or strategy of the fund or ETF, which could make the holding(s) less suitable for the client’s portfolio.

NestEggs, Inc. primarily focuses on asset class diversification and underlying fund characteristics in its analysis of securities. In comparing mutual funds within an asset class, NestEggs, Inc. uses comparative historical data published by Morningstar, particularly the Sharpe Ratio, Standard Deviation, and 10-year performance relative to asset-class peers.

Risks for all forms of analysis. Our securities analysis methods rely on the assumption that the companies whose securities we purchase and sell, the rating agencies that review these securities, and other publicly-available sources of information about these securities, are providing accurate and unbiased data. While we are alert to indications that data may be incorrect, there is always a risk that our analysis may be compromised by inaccurate or misleading information.

INVESTMENT STRATEGIES

We use the following strategy(ies) in managing client accounts, provided that such strategy(ies) are appropriate to the needs of the client and consistent with the client’s investment objectives, risk tolerance, and time horizons, among other considerations:

Long-term purchases. We purchase securities with the idea of holding them in the client’s account for a year or longer. Typically we employ this strategy when:

we believe the securities to be currently undervalued, and/or
we want exposure to a particular asset class over time, regardless of the current projection for this class.

A risk in a long-term purchase strategy is that by holding the security for this length of time, we may not take advantage of short-term gains that could be profitable to a client. Moreover, if our predictions are incorrect, a security may decline sharply in value before we make the decision to sell.

Clients should understand that investing in any securities, including mutual funds, involves a risk of loss of both income and principal.

Item 9 Disciplinary Information

We are required to disclose any legal or disciplinary events that are material to a client’s or prospective client’s evaluation of our advisory business or the integrity of our management.

Our firm and our management personnel have no reportable disciplinary events to disclose.

Item 10 Other Financial Industry Activities and Affiliations

NestEggs, Inc. acts as a Third Party Administrator for its Pension Clients and receives distinct fees for such services as described in Item 5 above. NestEggs, Inc. requires Pension Clients to utilize our Third Party Administration services. Clients should be aware that the receipt of additional compensation by NestEggs, Inc. and its management persons or employees creates a conflict of interest that may impair the objectivity of our firm and these individuals when making advisory recommendations. NestEggs, Inc. endeavors at all times to put the interest of its clients first as part of our fiduciary duty as a registered investment adviser; we take the following steps to address this conflict:

We disclose to clients the existence of all material conflicts of interest, including the potential for our firm and our employees to earn compensation from advisory clients in addition to our firm’s advisory fees.
We disclose to clients that they are not obligated to purchase recommended investment products from our employees or affiliated companies.
We collect, maintain and document company retirement plan goals and objectives.
Our firm’s management conducts regular reviews of each client account to verify that all recommendations made to a client are suitable to the client’s needs and circumstances.
We require that our employees seek prior approval of any outside employment activity so that we may ensure that any conflicts of interests in such activities are properly addressed.
We periodically monitor these outside employment activities to verify that any conflicts of interest continue to be properly addressed by our firm.
We educate our employees regarding the responsibilities of a fiduciary, including the need for having a reasonable and independent basis for the investment advice provided to clients.

Item 11 Code of Ethics, Participation or Interest in Client Transactions and Personal Trading

Our firm has adopted a Code of Ethics which sets forth high ethical standards of business conduct that we require of our employees, including compliance with applicable federal securities laws.

NestEggs, Inc. and our personnel owe a duty of loyalty, fairness and good faith towards our clients, and have an obligation to adhere not only to the specific provisions of the Code of Ethics but to the general principles that guide the Code.

Our Code of Ethics includes policies and procedures for the review of quarterly securities transactions reports as well as initial and annual securities holdings reports that must be submitted by the firm’s access persons. Among other things, our Code of Ethics also requires the prior approval of any acquisition of securities in a limited offering (e.g., private placement) or an initial public offering. Our code also provides for oversight, enforcement and recordkeeping provisions.

NestEggs, Inc.’s Code of Ethics further includes the firm’s policy prohibiting the use of material non-public information. While we do not believe that we have any particular access to non-public information, all employees are reminded that such information may not be used in a personal or professional capacity.

A copy of our Code of Ethics is available to our advisory clients and prospective clients. You may request a copy by calling us at (904) 348-3131.

Our Code of Ethics is designed to assure that the personal securities transactions, activities and interests of our employees will not interfere with (i) making decisions in the best interest of advisory clients and (ii) implementing such decisions while, at the same time, allowing employees to invest for their own accounts.

Our firm and/or individuals associated with our firm may buy or sell for their personal accounts securities identical to or different from those recommended to our clients. In addition, any related person(s) may have an interest or position in a certain security(ies) which may also be recommended to a client.

It is the expressed policy of our firm that no person employed by us may purchase or sell any security prior to a transaction(s) being implemented for an advisory account, thereby preventing such employee(s) from benefiting from transactions placed on behalf of advisory accounts.

As these situations represent actual or potential conflicts of interest to our clients, we have established the following policies and procedures for implementing our firm’s Code of Ethics, to ensure our firm complies with its regulatory obligations and provides our clients and potential clients with full and fair disclosure of such conflicts of interest:

No principal or employee of our firm may put his or her own interest above the interest of an advisory
client.
No principal or employee of our firm may buy or sell securities for their personal portfolio(s) where their decision is a result of information received as a result of his or her employment unless the information is also available to the investing public.
It is the expressed policy of our firm that no person employed by us may purchase or sell any security prior to a transaction(s) being implemented for an advisory account. This prevents such employees from benefiting from transactions placed on behalf of advisory accounts.
Our firm requires prior approval for any IPO or private placement investments by related persons of the firm.
We maintain a list of all reportable securities holdings for our firm and anyone associated with this advisory practice that has access to advisory recommendations (“access person”). These holdings are reviewed on a regular basis by our firm’s Chief Compliance Officer or his/her designee.
We have established procedures for the maintenance of all required books and records.
Clients can decline to implement any advice rendered, except in situations where our firm is granted discretionary authority.
All of our principals and employees must act in accordance with all applicable Federal and State regulations governing registered investment advisory practices.
We require delivery and acknowledgment of the Code of Ethics by each supervised person of our firm.
We have established policies requiring the reporting of Code of Ethics violations to our senior management.
Any individual who violates any of the above restrictions may be subject to termination.

Item 12 Brokerage Practices

NestEggs, Inc. will block trades where possible and when advantageous to clients. This blocking of trades permits the trading of aggregate blocks of securities composed of assets from multiple client accounts, so long as transaction costs are shared equally and on a pro-rated basis between all accounts included in any such block.

Block trading may allow us to execute equity trades in a timelier, more equitable manner, at an average share price. NestEggs, Inc. will typically aggregate trades among clients whose accounts can be traded at a given broker, and generally will rotate or vary the order of brokers through which it places trades for clients on any particular day. NestEggs, Inc.’s block trading policy and procedures are as follows:

Transactions for any client account may not be aggregated for execution if the practice is prohibited by or inconsistent with the client’s advisory agreement with NestEggs, Inc., or our firm’s order allocation policy.
The trading desk in concert with the portfolio manager must determine that the purchase or sale of the particular security involved is appropriate for the client and consistent with the client’s investment objectives and with any investment guidelines or restrictions applicable to the client’s account.
The portfolio manager must reasonably believe that the order aggregation will benefit, and will enable NestEggs, Inc. to seek best execution for each client participating in the aggregated order. This requires a good faith judgment at the time the order is placed for the execution. It does not mean that the determination made in advance of the transaction must always prove to have been correct in the light of a “20-20 hindsight” perspective. Best execution includes the duty to seek the best quality of execution, as well as the best net price.
Prior to entry of an aggregated order, a written order ticket must be completed which identifies each client account participating in the order and the proposed allocation of the order, upon completion, to those clients.
If the order cannot be executed in full at the same price or time, the securities actually purchased or sold by the close of each business day must be allocated pro rata among the participating client accounts in accordance with the initial order ticket or other written statement of allocation. However, adjustments to this pro rata allocation may be made to participating client accounts in accordance with the initial order ticket or other written statement of allocation. Furthermore, adjustments to this pro rata allocation may be made to avoid having odd amounts of shares held in any client account, or to avoid excessive ticket charges in smaller accounts.
Generally, each client that participates in the aggregated order must do so at the average price for all separate transactions made to fill the order, and must share in the commissions on a pro rata basis in proportion to the client’s participation. Under the client’s agreement with the custodian/broker, transaction costs may be based on the number of shares traded for each client.
If the order will be allocated in a manner other than that stated in the initial statement of allocation, a written explanation of the change must be provided to and approved by the Chief Compliance Officer no later than the morning following the execution of the aggregate trade.
NestEggs, Inc.’s client account records separately reflect, for each account in which the aggregated transaction occurred, the securities which are held by, and bought and sold for, that account.
Funds and securities for aggregated orders are clearly identified on NestEggs, Inc.’s records and to the broker-dealers or other intermediaries handling the transactions, by the appropriate account numbers for each participating client.
No client or account will be favored over another.

We do not have any formal or informal soft-dollar arrangements and do not receive any soft-dollar benefits.

We do not request or accept the discretionary authority to determine the broker dealer to be used for client accounts. Clients must direct us as to the broker dealer to be used for all client securities transactions. In directing the use of a particular broker or dealer, it should be understood that we will not have authority to negotiate commissions among various brokers, and best execution may not be achieved, resulting in higher transaction costs for clients.

Charles Schwab Institutional and/or Charles Schwab Trust Company

NestEggs, Inc. may require that Company Retirement Plan clients establish brokerage accounts with the Schwab Institutional and/or Charles Schwab Trust Company divisions of Charles Schwab & Co., Inc. (“Schwab”), a FINRA registered broker-dealer, member SIPC, to maintain custody of clients’ assets and to effect trades for their accounts. Although we may require that Company Retirement Plan clients establish accounts at Schwab, it is the client’s decision to custody assets with Schwab. NestEggs, Inc. is independently owned and operated and not affiliated with Schwab.

Schwab provides NestEggs, Inc. with access to its institutional trading and custody services, which are typically not available to Schwab retail investors. These services generally are available to independent investment advisers on an unsolicited basis, at no charge to them so long as a total of at least $10 million of the adviser’s clients’ assets are maintained in accounts at Schwab Institutional. These services are not contingent upon our firm committing to Schwab any specific amount of business (assets in custody or trading commissions). Schwab’s brokerage services include the execution of securities transactions, custody, research, and access to mutual funds and other investments that are otherwise generally available only to institutional investors or would require a significantly higher minimum initial investment.

For our client accounts maintained in its custody, Schwab generally does not charge separately for custody services but is compensated by account holders through commissions and other transaction-related or asset-based fees for securities trades that are executed through Schwab or that settle into Schwab accounts.Schwab Institutional also makes available to our firm other products and services that benefit NestEggs, Inc. but may not directly benefit our clients’ accounts. Many of these products and services may be used to service all or some substantial number of our client accounts, including accounts not maintained at Schwab.

Schwab’s products and services that assist us in managing and administering our clients’ accounts include software and other technology that:

provide access to client account data (such as trade confirmations and account statements).
facilitate trade execution and allocate aggregated trade orders for multiple client accounts.
provide research, pricing and other market data.
facilitate payment of our fees from clients’ accounts.
assist with back-office functions, recordkeeping and client reporting.

Schwab Institutional also offers other services intended to help us manage and further develop our business enterprise. These services may include:

compliance, legal and business consulting
publications and conferences on practice management and business succession
access to employee benefits providers, human capital consultants and insurance providers

Schwab may make available, arrange and/or pay third-party vendors for the types of services rendered to NestEggs, Inc. Schwab Institutional may discount or waive fees it would otherwise charge for some of these services or pay all or a part of the fees of a third-party providing these services to our firm. Schwab Institutional may also provide other benefits such as educational events or occasional business entertainment of our personnel. In evaluating whether to recommend or require that clients custody their assets at Schwab, we may take into account the availability of some of the foregoing products and services and other arrangements as part of the total mix of factors we consider and not solely on the nature, cost or quality of custody and brokerage services provided by Schwab, which may create a potential conflict of interest.

Item 13 Review of Accounts

MODEL PORTFOLIO MANAGEMENT SERVICES

REVIEWS: While the underlying securities within Model Portfolio Management Services accounts are regularly monitored, these accounts are reviewed on an annual basis. Accounts are reviewed in the context of the investment objectives and guidelines of each mutual fund model portfolio as well as any investment restrictions provided by the client. More frequent reviews may be triggered by material changes in variables such as the client’s individual circumstances, or the market, political or economic environment.

These accounts are reviewed by the NestEggs Investment committee and are supervised by Kevin B. Cheezum, Chief Compliance Officer and Blake Macklin, Chief Financial Officer.

REPORTS: In addition to the monthly statements and confirmations of transactions that Model Portfolio Management Services clients receive from their broker-dealer, NestEggs, Inc. will provide quarterly reports summarizing account performance, balances, and holdings. We urge clients to compare these reports against the account statements they receive from their custodian. These reports will also remind the client to notify us if there have been changes in the client’s financial situation or investment objectives and whether the client wishes to impose investment restrictions or modify existing restrictions.

PENSION CONSULTING SERVICES

REVIEWS: NestEggs, Inc. will review the client’s Investment Policy Statement (IPS) whenever the client advises us of a change in circumstances regarding the needs of the plan. NestEggs, Inc. will also review the investment options of the plan according to the agreed upon time intervals established in the IPS. Such reviews will generally occur annually.

These accounts are reviewed by Plan Consultants with NestEggs and are supervised by Kevin B. Cheezum.

REPORTS: NestEggs, Inc. will provide reports to Pension Consulting Services clients based on the terms set forth in the client’s Investment Policy Statement (IPS).

Item 14 Client Referrals and Other Compensation

CLIENT REFERRALS

Our firm may pay referral fees to independent persons or firms (“Solicitors”) for introducing clients to us. Whenever we pay a referral fee, we require the Solicitor to provide the prospective client with a copy of this document (our Firm Brochure) and a separate disclosure statement that includes the following information:

the Solicitor’s name and relationship with our firm
the fact that the Solicitor is being paid a referral fee
the amount of the fee

As a matter of firm practice, the advisory fees paid to us by clients referred by solicitors are not increased as a result of any referral.

It is NestEggs, Inc.’s policy not to accept or allow our related persons to accept any form of compensation, including cash, sales awards or other prizes, from a non-client in conjunction with the advisory services we provide to our clients. NestEggs, Inc. may subcontract certain retirement plan Recordkeeping functions for client plans that are not within its geographic region. Such functions could include:

Extracting and assembling payroll data to enable NestEggs, Inc. to generate retirement plan contribution calculations
Delivering and reviewing preliminary contributions
Delivering and reviewing final contributions

Where such subcontracting of services is contemplated or executed, it will be disclosed in writing to the client and will specifically exclude any services which are investment advisory in nature, unless the service provider is itself a Registered Investment Advisor with its own separate contractual agreement with the client.

Item 15 Custody

We previously disclosed in the “Fees and Compensation” section (Item 5) of this Brochure that our firm directly debits advisory fees from client accounts. Our clients receive monthly invoices detailing our Recordkeeping and Investment Management fee for the respective period.

As part of this billing process, the client’s custodian is advised of the amount of the fee to be deducted from that client’s account. On at least a quarterly basis, the custodian is required to send to the client a statement showing all transactions within the account during the reporting period.

Because the custodian does not calculate the amount of the fee to be deducted, it is important for clients to carefully review their custodial statements to verify the accuracy of the calculation, among other things. Clients should contact us directly if they believe that there may be an error in their statement.

In addition to the periodic statements that clients receive directly from their custodians, we also send account statements directly to our clients on a quarterly basis. We urge our clients to carefully compare the information provided on these statements to ensure that all account transactions, holdings, and values are correct and current.

Our firm is deemed to have custody due to our ability to disburse or transfer certain client funds pursuant to Standing Letters of Authorization (“SLOAs”) executed at the option of the client. Where a client has elected to execute a SLOA, our firm follows the guidance and additional safeguards set forth in the SEC’s no-action letter to the Investment Advisers Association dated February 21, 2017. A copy of that no-action letter can be viewed at the following link: www.sec.gov/divisions/investment/noaction/2017/investment-adviser-association-022117-206-4.htm.

Our firm does not have actual custody of client accounts.

Item 16 Investment Discretion

Clients may hire us to provide discretionary asset management services, in which case we place trades in a client’s
account without contacting the client prior to each trade to obtain the client’s permission.

Our discretionary authority includes the ability to do the following without contacting the client:

determine the security to buy or sell
determine the amount of the security to buy or sell

Clients give us discretionary authority when they sign a discretionary agreement with our firm, and may limit this authority by giving us written instructions. Clients may also change/amend such limitations by once again providing us with written instructions.

Item 17 Voting Client Securities

As a matter of firm policy, we do not vote proxies on behalf of clients. Therefore, although our firm may provide investment advisory services relative to client investment assets, clients maintain exclusive responsibility for:

directing the way proxies solicited by issuers of securities beneficially owned by the client shall be voted
making all elections relative to any mergers, acquisitions, tender offers, bankruptcy proceedings or other type events pertaining to the client’s investment assets

Clients are responsible for instructing each custodian of the assets, to forward to the client copies of all proxies and shareholder communications relating to the client’s investment assets.

We may provide clients with consulting assistance regarding proxy issues if they contact us with questions at our principal place of business.

Item 18 Financial Information

Under no circumstances do we require or solicit payment of fees in excess of $1,200 per client more than six months in advance of services rendered. Therefore, we are not required to include a financial statement.

As an advisory firm that maintains discretionary authority for client accounts, we are also required to disclose any financial condition that is reasonable likely to impair our ability to meet our contractual obligations. NestEggs, Inc. has no additional financial circumstances to report.

NestEggs, Inc. has never been the subject of a bankruptcy petition.

Part 2B of Form ADV: Brochure Supplement

Kevin Brooks Cheezum

NestEggs Retirement Plan Services, Inc.
10407 Centurion Pkwy N, Suite 126
Jacksonville, Florida 32256

November 30, 2024

This brochure supplement provides information about Kevin Brooks Cheezum that supplements the NestEggs, Inc. brochure. You should have received a copy of that brochure. Please contact Kevin B. Cheezum if you did not receive NestEggs, Inc.’s brochure or if you have any questions about the contents of this supplement.

Additional information about Kevin Brooks Cheezum, CRD 4736471, is available on the SEC’s website at www.adviserinfo.sec.gov.

Item 2 Educational, Background and Business Experience

Full Legal Name: Kevin Brooks Cheezum

Born: 1977

Education:

University of Central Florida; BS, Business Administration Finance; 2001
Santa Fe Community College; AA, Business; 1999

Business Experience:

NestEggs, Inc.; President and Chief Compliance Officer; Employed 4/2004 to Present

Designations:

Kevin has earned the following designations and is in good standing with the granting authority:

Certified Plan Fiduciary Advisor (CPFA); ASPPA; 2007

Earning the ASPPA QPFC designation required successful completion of the following exams:

Retirement Plan Fundamentals Part 1 (RPF-1)

Retirement Plan Fundamentals Part 2 (RPF-2)

Plan Financial Consulting – Part 1 (PFC-1)

Plan Financial Consulting – Part 2 (PFC-2)

In addition to successfully completing the above exams, Kevin had to meet the following requirement:

Series 6, 7 or 65 license issued by the FINRA (formerly NASD) and two letters of reference demonstrating at least two years of retirement plan related experience.

Qualified 401k Administrator (QKA); ASPPA; 2009

Earning the ASPPA QKA designation required successful completion of the following exams and 2 years of experience in Retirement Plan related matters.

Retirement Plan Fundamentals Part 1 (RPF-1)

Retirement Plan Fundamentals Part 2 (RPF-2)

Defined Contribution Administrative Issues – Basic Concepts (DC-1)

Defined Contribution Administrative Issues – Compliance Issues (DC-2)

Qualified 401(k) Consultant (QKC); ASPPA; 2021

Earning the ASPPA QKA designation required successful completion of the following exams and 2 years of experience in Retirement Plan related matters.

Defined Contribution Administrative Issues – Basic Concepts (DC-1)

Defined Contribution Administrative Issues – Compliance Issues (DC-2)

Defined Contribution Administrative Issues – Advanced Topics (DC-3)

Qualified Plan Administrator (QPA); ASPPA; 2012

Earning the ASPPA QKA designation required successful completion of the following exams and 2 years of experience in Retirement Plan related matters.

Defined Contribution Administrative Issues – Basic Concepts (DC-1)

Defined Contribution Administrative Issues – Compliance Issues (DC-2)

Defined Contribution Administrative Issues – Advanced Topics (DC-3)

Administrative Issues of Defined Benefit Plans (DB)

Item 3 Disciplinary Information

Kevin has no disciplinary history.

Item 4 Other Business Activities

A. Investment-Related Activities

1. Kevin is not engaged in any other investment-related activities.

2. Kevin does not receive commissions, bonuses or other compensation on the sale of securities or other investment products.

B. Non Investment-Related Activities

Kevin is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time.

Item 5 Additional Compensation

Kevin does not receive any economic benefit from a non-advisory client for the provision of advisory services.

Item 6 Supervision

Mr. Cheezum, as Partner of NestEggs, Inc., is responsible, along with the other members of the Firm’s Leadership Team (Kevin Cheezum, Kevin Cress, Alex Jenkins, Blake Macklin, and Lantz Martin) for all supervision and formulation and monitoring of investment advice offered to clients. The Leadership Team is responsible for the establishment of client investment objectives and policy, the implementation of each client’s policy and oversee all material investment policy changes and conducts periodic reviews to ensure that client objectives and mandates are being met. The leadership Team collectively oversees the management of the firm. Advice is periodically monitored through scheduled reviews. The firm’s Leadership Team may be reached at 904-348-3131.

Part 2B of Form ADV: Brochure Supplement

Blake A. Macklin

NestEggs Retirement Plan Services, Inc.

10407 Centurion Pkwy N, Suite 126

Jacksonville, Florida 32256

November 30, 2024

This brochure supplement provides information about Blake A. Macklin that supplements the NestEggs, Inc. brochure. You should have received a copy of that brochure. Please contact Kevin B. Cheezum if you did not receive NestEggs, Inc.’s brochure or if you have any questions about the contents of this supplement.

Additional information about Blake A. Macklin, CRD 6751415, is available on the SEC’s website at www.adviserinfo.sec.gov.

Item 2 Educational, Background and Business Experience

Full Legal Name: Blake A. Macklin

Born: 1989

Education:

University of Florida; B.A., Finance; 2011

Business Experience:

NestEggs, Inc.; Chief Financial Officer; Employed 11/2016 to Present
National Auto Care; Finance Director; Employed 5/2011 to 10/2016

Designations:

Blake has earned the following designations and is in good standing with the granting authority:

Certified Public Accountant (CPA); 2016

Earning the CPA designation required successful completion of the following exams.

Auditing and Attestation (AUD)

Business Environment and Concepts (BEC)

Financial Accounting and Reporting (FAR)

Regulation (REG)

Accredited Investment Fiduciary (AIF); 2019

Earning the AIF designation required successful completion of the following exam(s).

AIF® Examination

Certified Plan Fiduciary Advisor (CPFA); ASPPA; 2021

Earning the ASPPA QPFC designation required successful completion of the following exams:

Retirement Plan Fundamentals Part 1 (RPF-1)

Retirement Plan Fundamentals Part 2 (RPF-2)

Plan Financial Consulting – Part 1 (PFC-1)

Plan Financial Consulting – Part 2 (PFC-2)

In addition to successfully completing the above exams, Blake had to meet the following requirement:

Series 6, 7 or 65 license issued by the FINRA (formerly NASD) and two letters of reference demonstrating at least two years of retirement plan related experience.

Item 3 Disciplinary Information

Blake has no reportable disciplinary history.

Item 4 Other Business Activities

A. Investment-Related Activities

1. Blake is not engaged in any other investment-related activities.

2. Blake does not receive commissions, bonuses or other compensation on the sale of securities or other investment products.

B. Non Investment-Related Activities

Blake is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time.

Item 5 Additional Compensation

Blake Macklin does not receive any economic benefit from a non-advisory client for the provision of advisory services.

Item 6 Supervision

Part 2B of Form ADV: Brochure Supplement

Alexander Jenkins

NestEggs Retirement Plan Services, Inc.
10407 Centurion Pkwy N, Suite 126
Jacksonville, Florida 32256

November 30, 2024

This brochure supplement provides information about Alexander Jenkins that supplements the NestEggs, Inc. brochure. You should have received a copy of that brochure. Please contact Kevin B. Cheezum if you did not receive NestEggs, Inc.’s brochure or if you have any questions about the contents of this supplement.

Additional information about Alexander Jenkins, CRD 6998053, is available on the SEC’s website at www.adviserinfo.sec.gov.

Item 2 Educational, Background and Business Experience

Full Legal Name: Alexander Jenkins

Born: 1987

Education:

University of Florida; BS, Food Resource Economics; 2011

Business Experience:

NestEggs, Inc.; VP, Business Development; Employed 7/2018 to Present
Zimmer Biomet; Senior Capital Device Representative; Employed 1/2013 to 7/2018

Designation:

Alexander has earned the following designations and is in good standing with the granting authorities:

Certified Plan Fiduciary Advisor (CPFA); NAPA; 2019

Earning the NAPA CPFA designation required successful completion of the following exam:

NAPA CPFA Examination

Accredited Investment Fiduciary (AIF); 2021

Earning the AIF designation required successful completion of the following exam(s).

AIF® Examination

Item 3 Disciplinary Information

Alexander has no disciplinary history.

Item 4 Other Business Activities

A. Investment-Related Activities

1. Alexander is not engaged in any other investment-related activities.

2. Alexander does not receive commissions, bonuses or other compensation on the sale of securities or other investment products.

B. Non Investment-Related Activities

Alexander is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of her time.

Item 5 Additional Compensation

Alexander does not receive any economic benefit from a non-advisory client for the provision of advisory services.

Item 6 Supervision

Part 2B of Form ADV: Brochure Supplement

Kevin J. Cress

NestEggs Retirement Plan Services, Inc.
10407 Centurion Pkwy N, Suite 126
Jacksonville, Florida 32256

November 30, 2024

This brochure supplement provides information about Kevin J. Cress that supplements the NestEggs, Inc. brochure. You should have received a copy of that brochure. Please contact Kevin B. Cheezum if you did not receive NestEggs, Inc.’s brochure or if you have any questions about the contents of this supplement.

Additional information about Kevin J. Cress, CRD 2391628, is available on the SEC’s website at www.adviserinfo.sec.gov.

Item 2 Educational, Background and Business Experience

Full Legal Name: Kevin John Cress

Born: 1973

Education:

University of Phoenix; Master of Business Administration; 2006
University of California, San Diego; Bachelor of Arts in Economics; 1994

Business Experience:

NestEggs Retirement Plan Services, Inc.; Relationship Manager; Employed 09/2022 to Present

Elara Caring; 401(k) Plan Specialist; Employed 07/2020 to 09/2022

The Class Advisor; Retirement Plan Consultant; Employed 01/2018 to 07/2020

NEPC; Senior Consultant – Defined Contribution Plans; Employed 05/2012 to 12/2017

Aon Hewitt; Senior Consultant – DB /DC Plans; Employed 12/2006 to 04/2012

Designations:

Kevin J. Cress has earned the following designation and is in good standing with the granting authority:

Chartered Financial Analyst (CFA); CFA Institute; 1999
Earning the CFA Institute Chartered Financial Designation required successful completion of 3 exams and 3 years of experience in investments analysis.

Item 3 Disciplinary Information

Kevin J. Cress has no disciplinary history.

Item 4 Other Business Activities

A. Investment-Related Activities

1. Kevin J. Cress is not engaged in any other investment-related activities.

2. Kevin J. Cress does not receive commissions, bonuses or other compensation on the sale of securities or other investment products.

B. Non Investment-Related Activities

Kevin J. Cress is not engaged in any other business or occupation that provides substantial compensation or involves a substantial amount of his time.

Item 5 Additional Compensation

Kevin J. Cress does not receive any economic benefit from a non-advisory client for the provision of advisory services.