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Investments Overview

Selecting funds to help you reach your retirement planning goals

Retirees of today and tomorrow can expect to live for decades after they stop working. While this means you can enjoy a fulfilling retirement for longer than previous generations, you’ll also need to plan ahead to meet your retirement goals and make your nest egg last.

With this future in mind, RPB offers a spectrum of investment choices so you can customize your retirement portfolio to meet your specific goals based on your investing experience, time horizon, and risk tolerance.

We recommend that you maintain a diversified portfolio, which may help limit the effect of a single market event on your entire portfolio. We also suggest that you make your investment decisions with expected long-term performance in mind. While short-term market volatility can impact your portfolio, changing your investments based on these temporary situations is often ineffective, and may have unforeseen consequences. Talk to your financial advisor or tax professional before making decisions about your asset allocation.

Not sure where to start?

Our Guide to RPB Investment Choices provides basic investing principles and fund information.

Fund tiers

RPB’s plan includes three tiers of funds, which offer participants varying levels of involvement and effort in their retirement investment decisions.

Tier 1: Objective-Based Funds
  • RPB’s Tier 1 funds are generally best for people who don’t have the experience or desire to make regular investment decisions, or who want a simpler approach to reaching an investment objective.
  • Our objective-based funds invest in a diverse mix of asset classes. They are designed to keep pace with their benchmarks over a full market cycle, with lower volatility than the market as a whole.
  • Each of the three funds uses both active investments and passive investments to meet the goals of growth, growth and income, or income. As they get closer to retirement, many participants typically invest less aggressively and take on less risk in their investments.
Tier 2: Self-Directed Funds
  • Our Tier 2 funds allow you or your financial advisor to build a customized portfolio across asset classes to meet your unique retirement goals and financial needs. Eight of these are offered by Vanguard, one of the world's largest investment management companies. The RPB Capital Preservation Fund is the least volatile of the Tier 2 funds and is designed to provide plan participants with stability of principal.
  • Each of the index funds represents a single type of investment or asset class—such as large cap U.S. stocks or short-term bonds—and offer an array of risk and performance. This can be especially helpful if you want to coordinate your RPB plan savings with non-RPB investments.
Tier 3: Socially Responsible Funds
  • The Reform Jewish Values (RJV) Stock Fund invests in global stocks and enables plan participants to strongly align their retirement investments with their Jewish values. It’s the only socially responsible fund of its kind.
Make sure your portfolio is ready for retirement.
  • Start planning as early as possible—don’t put it off.
  • Save as much as you can while you’re working, up to the IRS contribution limits.
  • You’re not limited to a single investment tier. A combination might best suit your objectives. Consult your advisor or Fidelity's Retirement Planners.
Investment Fact Sheets & Fees

Tier 1: Objective-Based Funds

If you don’t want to make regular investment decisions, you might choose one or more of the managed funds in Tier 1, which are designed to meet various retirement savings goals.

Fund Objective Fee
Capital Appreciation Fund Asset growth 0.46%
Appreciation and Income Fund Asset growth & income 0.39%
Income Focused Fund Generate income 0.31%
Summary of Holdings by Fund

Tier 2: Self-Directed Funds

If you have the knowledge and interest to make your own asset allocation decisions—or if you work with a professional financial advisor—you might choose to put your savings into the Tier 2 funds which represent four asset classes: stocks, bonds, real estate, and stable value.

Fund Objective Fee
Vanguard Institutional Index Fund (S&P 500) Asset growth 0.02%
Vanguard Developed Markets Index Fund (International) Asset growth 0.05%
Vanguard Small-Cap Index Fund Asset growth 0.04%
Vanguard Emerging Markets Index Fund Asset growth 0.10%
Vanguard Short-Term Bond Index Fund Generate income 0.05%
Vanguard Short-Term Inflation-Protected Securities Index Fund Generate income and guard against inflation 0.04%
Vanguard Total Bond-Market Index Fund Generate income and moderate asset growth 0.035%
Vanguard Real Estate Index Fund Generate income and asset growth 0.10%
RPB Capital Preservation Fund Stability of principal 0.35%
Capital Preservation Fund - Rabbi Trust Stability of principal 0.14%

Tier 3: Socially Responsible Funds

This fund is for those who want to make a social impact with their investments and have the ability to tolerate short- to medium-term fluctuations in principal due to adverse economic conditions.

Fund Objective Fee
RPB Reform Jewish Values Stock Fund Asset growth 0.15%*

* Check the RJV Stock Fund fact sheet for the most recent fee. The investment management fee is a blended rate based on the fund’s total pool of assets: 0.13% for the first $10 million in assets and 0.10% for assets over $10 million. For example, if the fund value is $20 million, the annualized fee is 0.125%. Participants also pay an RPB Administration Fee (0.20%) and a Custody, Record Keeping, and Investment Consulting Fee (0.07%).

All participants pay the following other fees:

RPB Administration Fee 0.20%
Custody, Record Keeping, and Investment Consulting Fee 0.07%*

* These fees are passed on to participants at cost and will fluctuate slightly based on the total assets under management of the Plan and as those costs change over time.

Do you want to learn more about our funds?

Call Robert Perry, RPB's Director of Participant & Employer Services.

Alignment with Jewish values

While all of RPB’s Tier 1 fund options integrate our Jewish Values Investing (JVI) policy when possible, the Reform Jewish Values Stock Fund was built specifically as a vehicle for socially responsible investing.

Investments-RPB-Fund-Choices-Graphic-713w 2x
Include your financial advisor in your RPB planning.

We encourage our participants to take an integrated approach to their financial planning. Learn how RPB can work with your financial advisor.

Managing your allocations

It’s a good practice to review your asset allocation annually to ensure you’re on track with your goals. To do this, log in to Fidelity NetBenefits from our homepage. Then go to the Balances tab on the Summary page for your account.

Vanguard and Fidelity Investments, the plan's recordkeeping services provider, have excessive trading and equity wash rules, as detailed below.

Trading Rules and Timing Limitations

The 90-day equity wash rule restricts investors from transferring assets directly from the RPB Capital Preservation Fund to the Vanguard Short-Term Bond Index Fund and Vanguard Short-Term Inflation Protected Securities Fund.

To transfer assets from the RPB Capital Preservation Fund into the competing funds, you must first transfer the assets to a noncompeting fund, such as an equity fund or a longer-term bond fund. The assets must remain in the non-competing fund for at least 90 days before they can be moved into a competing fund. This applies to all transfers from the RPB Capital Preservation Fund to the competing funds. The list of competing funds may change in the future.

Fidelity has an excessive trading policy which is designed to protect fund shareholders by limiting short-term trading. The excessive trading policy imposes restrictions on shareholders who engage in multiple “round trips”. A round trip is a purchase and subsequent redemption of fund shares within 30 days. Within defined contribution plans that are recordkept by Fidelity, only participant-initiated exchanges of $1,000 or more are taken into consideration in monitoring plan accounts for round trips.

If a participant completes two round trips involving the same fund in a rolling 90 day period, an 85 day, fund specific exchange restriction is imposed on the participant’s account. While a restriction is in place, the participant may not exchange into the impacted fund. The exchange restriction does not impact either the participant’s right to redeem shares, or the processing of other types of purchases, such as ongoing contributions and loan repayments.

If a participant completes 4 round trips involving any funds that are subject to the policy in a 12 month period, a 12 month exchange restriction will be imposed. During this 12 month period, the participant will only be allowed to exchange into any of the funds that are subject to the policy one day per calendar quarter. Again, the 12-month exchange restriction does not impact the processing of redemptions or other types of purchases, including ongoing contributions and loan repayments.

Ready to go deeper?

Dive into our Tier 1 objective-based funds in detail.

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