Asset purchase strengthens service capabilities and operational efficiency, and adds experienced professionals to the Great Gray team

Add after Transaction Highlights section of release:

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Advisors:

Lazard Frères & Co. LLC served as financial advisor and O’Melveny & Myers LLP served as legal counsel to flexPATH. Ropes & Gray LLP served as legal counsel to Great Gray.

The updated release reads:

GREAT GRAY PURCHASES ASSETS OF FLEXPATH’S CIT FUND SUB-ADVISORY BUSINESS, BRINGING SERVICES IN-HOUSE FOR THE GREAT GRAY COLLECTIVE INVESTMENT TRUST FUNDS

Asset purchase strengthens service capabilities and operational efficiency, and adds experienced professionals to the Great Gray team

Great Gray Group and its affiliates announced the purchase of assets that flexPATH Strategies, LLC ("flexPATH") used to provide sub-advisory services to the collective investment trust funds for which Great Gray Trust Company (“Great Gray”) serves as trustee ("flexPATH sub-advised CITs"). As part of this transaction, Great Gray is bringing in-house certain investment management services previously provided by flexPATH on an outsourced basis. Experienced flexPATH professionals have joined existing teams across Great Gray, adding expertise and ensuring continuity.

Great Gray has served as trustee of the flexPATH sub-advised CITs since their inception over 10 years ago. This transaction allows Great Gray to bring certain investment advisory services in-house, aligning its service model across fund families and strengthening its existing capabilities through the addition of seasoned professionals.

"This is the latest example of the investments we're making in our business to serve plan sponsors and participants," said Rob Barnett, President and CEO of Great Gray Group. "In keeping with our commitment to excellent service, we're bringing proven talent onto our existing teams while maintaining the continuity and quality that clients expect from the CITs previously sub-advised by flexPATH. Combined with our distribution reach across thousands of advisors and institutions nationwide, this positions us to deliver enhanced coverage and hands-on guidance at national scale."

After more than 10 years of successful innovation and growth, flexPATH is exiting the CIT fund sub-advisory business. flexPATH will retain part of its team and continue operating its 3(38) retirement plan advisory business independently.

A joint statement from Vince Giovinazzo, CEO of flexPATH, and Nick Della Vedova, President of flexPATH, said, "We are proud of the innovative products, excellent service and growth we have helped deliver over the past decade as a sub-advisor to the Great Gray CIT funds. This transition allows the flexPATH sub-advised CITs to continue to flourish under Great Gray's fiduciary stewardship."

Transaction Highlights:

• Great Gray has purchased the assets that flexPATH used to provide sub-advisory services to certain Great Gray CITs, including the rights to the flexPATH brand
• flexPATH professionals with valuable expertise have joined existing teams at Great Gray and further strengthened their capabilities
• Fund investment strategies, underlying holdings and fees remain the same
• Plan sponsors and participants can expect to receive the same services without disruption.
• The transaction underscores Great Gray's commitment to sound fiduciary management and excellent service

The Great Gray CITs represent $269.8 billion in assets and serve thousands of retirement plans nationwide as of September 30, 2025. Please refer to our website at greatgray.com for additional details on trusteed assets.

Advisors:

Lazard Frères & Co. LLC served as financial advisor and O’Melveny & Myers LLP served as legal counsel to flexPATH. Ropes & Gray LLP served as legal counsel to Great Gray.

About Great Gray Trust Company Great Gray Trust Company, LLC is a leading provider of collective investment trust solutions for retirement plans, managing over $269 billion. Great Gray is committed to innovation and growth in the retirement planning sector, delivering solutions that offer efficiency, value, and growth opportunities to retirement professionals and their clients. As part of Great Gray Group, the company serves thousands of retirement plans nationwide.

About Great Gray Group Great Gray Group, LLC is the parent company to Great Gray Trust Company, LLC and Retirement Plan Advisory Group, LLC, creating a comprehensive retirement platform built on fiduciary excellence and advisor enablement. With a distribution reach across thousands of advisors and institutions, Great Gray Group delivers retirement solutions on a national scale.

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