Enrollment (Self-Initiated)

• 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.
  

  TIP: 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.

• Choose whether you want to make pre-tax or Roth post-tax contributions—or both. Use this contribution calculator to see how different contribution types may affect your taxes during retirement.

• Think about your financial goals. Start contributing early and increase your contribution amount when your financial situation permits.

• Keep in mind:

  • Both you and your employer (at their discretion) are able to make contributions 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.

• 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 types 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 and the summary of the fund performance of all of the plan's funds.

• Learn about RPB’s insurance options included in the plan or at 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.

  • Read about each of RPB’s insurance offerings in our Insurance Explainer or on our website:

    • Basic Term Life Insurance. Included for those who qualify,* with an option to purchase additional coverage. Call RPB directly to purchase additional term life insurance coverage over the basic term life insurance amount.

    • Long Term Disability Insurance (LTD). To enroll in LTD, talk to your employer.

    • Retirement Contribution Insurance. Included for those in the LTD plan who qualify.*

^{*You will automatically receive basic term life insurance and retirement contribution insurance 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.}

If you are eligible for the Plan, RPB will send you an email with your login credentials for your secure enrollment portal. Once you’ve received that email, finish enrolling:

Set up your MyRPB for Participants account

1. Click “LOG IN” in the upper right corner of this website.

2. Then click “LOG IN” under “Participants.” This will take you to the Fidelity NetBenefits page, where you’ll click “Register as a new user” at the bottom of your screen.

3. Follow the instructions to finish setting up your login credentials.

Review and adjust your investments and beneficiaries through the MyRPB for Participants portal. From the portal homescreen:

1. Click “Manage Investments” to review and change your investments.

2. Click “View/Update Beneficiaries” to review your retirement and life insurance beneficiaries. (We recommend that you add life insurance beneficiaries even if you do not yet qualify for RPB's basic term life insurance.)

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