January 1, 2010 Todd Modic Directed Services LLC
Exhibit 77(e)(1)
January 1, 2010
Xxxx Xxxxx
Directed Services LLC
0000 Xxxxxxxx Xxxxx
West Chester, PA 19380
Dear Xx. Xxxxx:
Pursuant to the Investment Advisory Agreement dated May 1, 2003, as amended, (the “Agreement”) between ING Partners, Inc. (“IPI”) and ING Life Insurance and Annuity Company, succeeded by Directed Services LLC (“DSL”) pursuant to the Substitution Agreement dated January 1, 2007 between IPI and DSL, we hereby notify you of our intention to modify the breakpoints to the annual investment advisory fee for ING Baron Small Cap Growth Portfolio, ING Xxxxxxxxxxx Global Portfolio, ING Xxxxxxxxxxx Strategic Income Portfolio, and ING Pioneer High Yield Portfolio (collectively, the “Portfolios”), effective as of January 1, 2010, upon all of the terms and conditions set forth in the Agreement.
Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending the Amended Schedule B of the Agreement. The Amended Schedule B, which indicates the modified breakpoints to the annual investment advisory fees for the Portfolios, is attached hereto.
Please signify your acceptance to the modified breakpoints to the annual investment advisory fees for the aforementioned Portfolios by signing below where indicated.
Very sincerely,
/s/ Xxxxxxxx X. Xxxxxxxx
Xxxxxxxx X. Xxxxxxxx
Senior Vice President
ING Partners, Inc.
ACCEPTED AND AGREED TO:
Directed Services LLC
By: _/s/ Xxxx Xxxxx_________________
Xxxx Xxxxx
Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 00000-0000
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Tel: 000-000-0000
Fax: 000-000-0000
xxx.xxxxxxxx.xxx
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ING Partners, Inc.
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AMENDED SCHEDULE B
ADVISORY FEES
SERIES
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ADVISORY FEES
(as a percentage of average daily net assets)
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ING American Century Small-Mid Cap Value Portfolio
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1.00%
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ING Baron Asset Portfolio
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0.95% of the first $2 billion of assets
0.90% of the next $1 billion of assets
0.85% of the next $1 billion of assets
0.80% of assets thereafter
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ING Baron Small Cap Growth Portfolio
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0.85% of the first $2 billion of assets
0.80% of assets thereafter
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ING Columbia Small Cap Value Portfolio
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0.75%
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ING Xxxxx New York Venture Portfolio
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0.80%
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ING Fidelity® VIP Contrafund® Portfolio
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0.00% while Series invested in Master
0.58% for Standalone Series
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ING Fidelity® VIP Equity-Income Portfolio
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0.00% while Series invested in Master
0.48% for Standalone Series
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ING Fidelity® VIP Growth Portfolio
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0.00% while Series invested in Master
0.58% for Standalone Series
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ING Fidelity® VIP Mid Cap Portfolio
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0.00% while Series invested in Master
0.58% for Standalone Series
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ING Index Solution 2015 Portfolio
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0.10%
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ING Index Solution 2025 Portfolio
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0.10%
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ING Index Solution 2035 Portfolio
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0.10%
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ING Index Solution 2045 Portfolio
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0.10%
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ING Index Solution 2055 Portfolio
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0.10%
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ING Index Solution Income Portfolio
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0.10%
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ING JPMorgan Mid Cap Value Portfolio
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0.75%
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ING Xxxx Xxxxx Partners Aggressive Growth Portfolio
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0.70% on the first $500 million;
0.65% on assets over $500 million
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SERIES
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ADVISORY FEES
(as a percentage of average daily net assets)
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ING Xxxxxxxxxxx Global Portfolio
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0.60% of the first $4 billion of assets
0.58% of the next $4 billion of assets
0.56% of assets thereafter
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ING Xxxxxxxxxxx Strategic Income Portfolio
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0.50% on the first $4 billion;
0.475% on the next $1 billion;
0.45% on the next $1 billion;
0.43% on assets thereafter
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ING PIMCO Total Return Portfolio
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0.50%
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ING Pioneer High Yield Portfolio
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0.60% on the first $2 billion;
0.50% on the next $1 billion;
0.40% on the next $1 billion;
0.30% on assets thereafter
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ING Solution 2015 Portfolio
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0.10%
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ING Solution 2025 Portfolio
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0.10%
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ING Solution 2035 Portfolio
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0.10%
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ING Solution 2045 Portfolio
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0.10%
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ING Solution 2055 Portfolio
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0.10%
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ING Solution Growth and Income Portfolio
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0.10%
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ING Solution Growth Portfolio
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0.10%
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ING Solution Income Portfolio
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0.10%
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ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
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0.64%
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ING X. Xxxx Price Growth Equity Portfolio
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0.60%
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ING Xxxxxxxxx Foreign Equity Portfolio
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0.80% on the first $500 million;
0.75% on assets over $500 million
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ING Xxxxxxxxx Value Portfolio
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0.65%
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ING UBS U.S. Large Cap Equity Portfolio
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0.70% on the first $500 million;
0.65% on assets over $500 million
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XXX Xxx Xxxxxx Xxxxxxxx Portfolio
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0.60%
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ING Xxx Xxxxxx Equity and Income Portfolio
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0.55%
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