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Enrollment (Employer-Initiated)

Topics on This Page:

  1. Step 1: Learn about the RPB retirement plan.
  2. Step 2: Decide how much to save.
  3. Step 3: Review your investment options.
  4. Step 4: Go online to complete your enrollment.
  5. Step 5: Learn about RPB’s insurance options offered at no or low cost to you.
  6. Follow up: Proactively monitor your account.

It’s a great day to start investing in your future!

After your employer adds you to RPB’s system, you’ll receive an email from RPB with how to complete your enrollment.

Start preparing now, so you’ll be ready when you receive that email. This web page will walk you through the steps. (Or download our Employer-Initiated Enrollment Guide for Participants for similar information.)

If you have any questions along the way, we're here to help. Contact our participant services team.

Robert Perry
Director of Participant and Employer Services
646.884.9890
rperry@rpb.org

Chase Bouchie
Senior Account Associate
646.884.9897
cbouchie@rpb.org


Step 1: Learn about the RPB retirement plan.

Topics on This Page:

  1. Step 1: Learn about the RPB retirement plan.
  2. Step 2: Decide how much to save.
  3. Step 3: Review your investment options.
  4. Step 4: Go online to complete your enrollment.
  5. Step 5: Learn about RPB’s insurance options offered at no or low cost to you.
  6. Follow up: Proactively monitor your account.

Related Documents & Links:

VIDEO: LEARN ABOUT RPB

Step 2: Decide how much to save.

  • Decide how much you want to contribute from your paycheck to your retirement account. Use this 403(b) savings calculator to see how different contribution amounts can grow over time.
  • Choose whether you want to make pre-tax or Roth post-tax contributions—or both. Make sure to read our contributions explainer and use this contribution calculator to see how pre-tax or Roth post-tax contributions will impact growth over time.
  • Think about your financial goals. Start contributing early and increase your contribution amount when your financial situation permits.
  • Important! Talk to your employer about elective deferrals. Your employer will provide you with an elective deferral form. On this form, you'll specify:
    • How much you want to contribute from each paycheck
    • What percentage or dollar amount of your contribution should be pre-tax, Roth post-tax, or a combination of both

    Your enrollment cannot be completed until you give this information to your employer.

  • Keep in mind:
    • Both you and your employer (at their discretion) can contribute to your 403(b) account.
    • The IRS limits how much you and your employer (if applicable) can contribute to your account each year. These limits are usually adjusted annually and are higher if you are age 50 or older. If your employer’s contributions might cause you to exceed the IRS limits, RPB offers a Rabbi Trust plan—a non-qualified deferred compensation plan that allows for additional contributions beyond the standard limits.

Throughout your career, it’s recommended you save at least 18% of your annual income. If that doesn’t work for your financial situation, consider saving between 4% – 12% of your current income to start and increase the percentage over time.

The earlier you start contributing to your retirement account, the more time your investments have to grow and potentially benefit from compounding interest. In brief, compounding means any earnings on your investments go back into your account without being taxed and can potentially generate their own earnings.

Step 3: Review your investment options.

  • Read about RPB's Tier 1 target date funds. During enrollment, your account will be automatically invested in one of these funds based on your birth year. The target date funds are diversified funds that gradually and automatically adjust the mix of stocks and bonds as you age to help manage risk while growing your savings.
  • Decide if you want to adjust your investments. Depending on your risk tolerance, time horizon, and financial situation, you may consider a Tier 1 fund with an earlier (more conservative) or later (more aggressive) target date than the one aligned with your birth year. Or, you may choose any other fund(s) in the plan.
    • Read the Investment Choice Guide for detailed information. (Lea la Guía de Opciones de Inversión en español.)
    • Explore the plan’s three investment tiers, which include a range of funds that make it easy for investors of all experience levels to build a nest egg that meets their specific goals. You can invest in any combination of funds in the three tiers.

      Note that because each target date fund in Tier 1 is a fully diversified portfolio of stocks and bonds that adjusts as you age, you need only one Tier 1 fund.

    • Watch the Choosing Investments video (below) for a brief overview.
    • Review in-depth the fund(s) you’re interested in by reading the fund fact sheets.
VIDEO: CHOOSING INVESTMENTS

Step 4: Go online to complete your enrollment.

After your employer adds you to RPB’s system, you’ll receive an email from RPB to go online and finish your enrollment. Once you receive that email, finish enrolling:

  • Set up your MyRPB for Participants account by going to rpb.org, clicking “LOG IN" in the upper right corner, and then clicking “Log in” under “Participants.” This will take you to the Fidelity NetBenefits page, where you’ll click “New User” under “Register Now,” and then follow the instructions to set up your login credentials.
  • Review and adjust your investments if you decide the target date fund you were automatically invested in isn’t right for you. Log in to the MyRPB for Participants portal, then click on “Manage Investments” from the portal home screen.
  • Add both retirement account and life insurance beneficiaries through your MyRPB for Participants portal. Click on “View/update beneficiaries” from the portal home screen.

    You should add life insurance beneficiaries even if you do not yet qualify for RPB's free life insurance.

  • Read the MyRPB for Participants User Guide for detailed instructions on using the portal.

If you already have an account with Fidelity (a brokerage account, IRA, or another workplace account), you can log in to your new RPB account using your existing Fidelity credentials rather than creating a new account.

Step 5: Learn about RPB’s insurance options offered at no or low cost to you.

Along with your retirement savings, it’s important to have other safety nets in place to help provide financial security for you and your loved ones.

* You will automatically receive basic term life insurance and retirement contribution insurance (included in the LTD plan) at no additional cost when you contribute at least 10% of your compensation to the RPB Plan annually. Contributions may come from the employee, the employer, or both.

Follow up: Proactively monitor your account.

Saving for retirement is not ‘set it and forget it.’ Your goals and life situation change as you move through your career. Don’t forget to check in on your RPB retirement account periodically and adjust it as needed.

  • Log into your MyRPB for Participants web portal to review your account:
    • Assess whether you are able to increase your contribution amount.
    • Decide if you’d like to adjust your investments.
    • Ensure that your beneficiary information for your retirement and insurance plans is correct and up to date.
  • Learn about retirement planning.
    • Schedule a free one-on-one consultation with a Fidelity retirement planner to discuss your goals (available in English or Spanish):
  • Talk with an expert about everyday money matters.
    • Call Fidelity at 800-791-2363 to schedule a Financial Coach appointment. Representatives are available 8:30 a.m. to 8:00 p.m. Eastern Time Monday through Friday, excluding most US holidays.
  • Attend RPB’s webinars or our biennial retirement planning seminar.
  • Consider consolidating your retirement savings with RPB, if you currently have assets in another qualified retirement plan (401(k), 403(b), 401(a), governmental 457(b), SIMPLE IRA, or rollover IRA). Visit rpb.org/rollovers for more information.
VIDEO: RPB ANNUAL RETIREMENT SEMINAR

How often you’ll need to check on your investments depends on which tier you’re invested in. Tiers 2 and 3 require more management on your part than Tier 1.

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