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Enrollment

(For Employees of Another Organization)

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

After you complete Step 1: “Apply,”—and while you’re waiting for eligibility confirmation—start preparing for your enrollment. This web page will walk you through what you need to know.

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

Nicole Daniel
Participant Account Associate

646.884.9891
ndaniel@rpb.org

Learn about RPB and its retirement plan.


VIDEO: LEARN ABOUT RPB

Decide how much to save.

  • Decide how much you want to contribute from your paycheck to your retirement account. Use this calculator to see how different contribution amounts can grow over time.
  • Choose whether you want to make pre-tax or post-tax Roth contributions—or both. Use this calculator to forecast how much you may pay in taxes during retirement based on each type of contribution.
  • 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 can contribute to your account each year. These limits include contributions from you and your employer (if applicable). They are adjusted annually and are higher if you are age 50 or older. If you’re concerned about your employer’s contributions exceeding the limit, you can read about RPB’s Rabbi Trust plan—a non-qualified deferred compensation plan.

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.


Review your investment options.

  • Read about RPB’s Tier 1 Growth and Income Fund. During enrollment, your account will be automatically invested in this fund, which is designed to achieve moderate growth with a lower level of volatility than the Plan’s more aggressive funds. Like all of RPB’s Tier 1 funds, it has diversification built in.
  • Decide how to adjust your investments. Once you're enrolled, you must take action to move your investments out of the Growth and Income Fund and into any other fund(s) you choose.

VIDEO: CHOOSING INVESTMENTS
  • 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.


Step 2: Go online to complete your enrollment.

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 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.
  • Adjust your investments and add both retirement account and life insurance beneficiaries through your MyRPB for Participants portal. From the portal homescreen:
    • Click “Manage Investments” to review and change your investments.
    • Click “View/Update Beneficiaries” to add both your retirement and life insurance beneficiaries. (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.
  • Indicate if you’d want to add more coverage to your free term life insurance (if applicable).
  • Indicate if you’d like to enroll in long term disability insurance (LTD).

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 here, rather than creating a new account.


Step 3: Follow-up with your employer.

After you’ve set up your account, you’ll need to finalize the contributions from your paycheck and enrollment in LTD (if applicable) if you employer:

  • Confirm how much you would like to contribute using RPB’s Elective Deferral Form. You will also indicate whether you’d like to make pre-tax or post-tax Roth contributions. Download the form at rpb.org/forms-downloads.
  • Tell your employer how much LTD coverage you will be purchasing so that they can subtract that amount from your paycheck to send to RPB.

On-going: 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 when needed.

  • Log into your MyRPB for Participants web portal (go to rpb.org and click “LOG IN” in the upper right hand corner) to review your account:
    • Assess whether you can increase your contribution amount.
    • Decide if you’d like to adjust your investments.
    • Ensure that your beneficiary information for your retirement and life insurance plans is correct and up to date.
  • Continue learning about retirement planning.
    • Schedule a free one-on-one consultation with a Fidelity financial planner to discuss your goals (available in English or Spanish):
      • English: 800.328.6608
      • Español: 800.587.5282
    • Attend RPB’s webinars or our annual retirement planning seminar to prepare for retirement.
  • Consider consolidating your retirement savings with RPB, if you currently have assets in a different account (401(k), 403(b), 401(a), governmental 457(b), SIMPLE IRA, or rollover IRA).
Tip

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.

VIDEO: RPB ANNUAL RETIREMENT SEMINAR

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