Investments Overview

Tier 1: Target Allocation Funds

The fees listed for RPB's Tier 1 funds are as of June 30, 2024.

Summary of Holdings by Fund

Tier 2: Self-Directed Funds

Tier 3: Socially Responsible Funds

* 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: 0.15% 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 (0.18%) as well as a Custody, Recordkeeping, and Investment Consulting Fee (approximately 0.04%) which fluctuates slightly over time and is passed onto participants at cost.

RPB’s administrative fees include (1) the costs to operate RPB, and (2) the costs to provide recordkeeping, custody, and investment consulting services. The annual administrative fees are approximately 0.22% of a participant’s account balance and are assessed quarterly regardless of the fund(s) that the participant is invested in.

The administrative fees consist of the following:

Example: The annual administrative fees for a $10,000 account balance would be $22.00, or $5.50 per quarter.

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

If you’re still contributing to your retirement account and would like to change where your new contributions are invested:

• Log in to your account at rpb.org.
• Select Manage Investments. Then on the Investments tab, select Change investments.
• Next, select Change Investment Elections.
• Follow the step-by-step instructions to make your changes.

If you’d like to adjust how your existing account balance is invested:

• Login into your account at rpb.org.
• Select Manage Investments. Then on the Investments tab, select Change investments.
• Next, select Exchange One Investment or Exchange Multiple Investments.
• Follow the step-by-step instructions to make your changes.

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.

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.