Reform Pension Board

What Reform Pension Board does

Reform Pension Board (RPB) is a New York-based nonprofit fiduciary established in 1944 to administer retirement and insurance plans for the Reform Jewish Movement in the United States. RPB serves URJ-affiliated congregations, religious organizations, and the eligible employees who work for them — primarily rabbis, cantors, educators, and other religious professionals — by offering a 403(b)(9) church plan, a Rabbi Trust plan for excess contributions, and supplemental insurance products including life, long-term disability, and contribution insurance. Plan participants are reached through Reform Movement institutional partners, including the Union for Reform Judaism (URJ), Central Conference of American Rabbis (CCAR), American Conference of Cantors (ACC), Cantor Assembly, and Women of Reform Judaism. RPB operates as the exclusive pension vehicle for this denomination, with no commercial competitors in its specific niche.

RPB's investment platform is structured in three tiers: Tier 1 target date funds for simplified investing (15–95% equity glide paths), Tier 2 self-directed single-asset funds, and Tier 3 socially responsible funds, anchored by the proprietary RJV (Reform Jewish Values) Stock Fund. The RJV Fund tracks the MSCI All Country World Index with ESG screens constructed in partnership with Aperio Group to exclude fossil fuels, tobacco, coal, civilian firearms, and other values-prohibited industries. Plan recordkeeping is outsourced to Fidelity Investments, which provides the NetBenefits participant portal, while RPB operates its own Salesforce-based MyRPB Employer Portal for enrollment, contribution management, and reporting. Supporting infrastructure includes Box for document management, Google Analytics for web traffic, and Zoom for participant office hours.

The organization generates revenue through asset-based administration fees: 0.16% on plan assets plus approximately 0.02% for custody, recordkeeping, and investment consulting. The RJV Stock Fund carries a separate investment management fee of 0.15% on the first $10 million and 0.10% on assets above that threshold, with a minimum initial investment of $18,000 for congregational accounts. RPB does not disclose revenue, holds no funding rounds, and operates as a private nonprofit fiduciary of the Reform Pension Trust with no parent company or equity ownership. It is governed by a Board of Trustees chaired by David P. Baskin and led operationally by CEO Michael Kimmel and CFO/COO Alyce Gunn.

Name

Reform Pension Board

Legal name

Reform Pension Board

Website

https://rpb.org

Company type

Private

Founded year

1944

Operating status

Operating

Headcount range

1–10 employees

Short description

Reform Pension Board is a New York-based nonprofit fiduciary, established in 1944, that administers 403(b) retirement plans, Rabbi Trust accounts, and insurance products for Reform Jewish Movement organizations, rabbis, cantors, and other eligible employees across the United States.

Ownership category

akta.pro rank

Product category

Retirement Plan Administration

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

SIC

Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

akta.pro secondary industries

Retirement & Pension Planning (401(k)/IRA) (FSAEAAAD), Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

Keywords

• Retirement plan administration
• 403(b) church plan
• Faith-based investing
• Pension benefits management
• Insurance products

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Asset-Based Administration Fees: RPB charges administration fees based on a percentage of plan assets under management. For the RJV Stock Fund, the investment management fee is 0.15% for the first $10 million in assets and 0.10% for assets over $10 million. Participants also pay an RPB Administration Fee of 0.16% plus a Custody, Recordkeeping, and Investment Consulting Fee of approximately 0.02%.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

Reform Pension Board (RPB) administers retirement and insurance benefit plans for employees of Reform Jewish Movement organizations. Core offerings include 403(b) and Rabbi Trust retirement plans, life, long-term disability, and contribution insurance, plus tiered investment options (Target Date Funds, Self-Directed Funds, and the Reform Jewish Values Stock Fund). Plan administration is delivered through MyRPB online portals supported by Fidelity recordkeeping and educational services such as the RPB Navigator, HealthyWealth Seminars, and one-on-one participant support.

Product overview

Reform Pension Board offers a comprehensive retirement and insurance benefits platform serving the Reform Jewish Movement. The core offering includes a 403(b)(9) church plan and Rabbi Trust plan for retirement savings, supplemented by life insurance, long-term disability insurance, and contribution insurance products. Investment management is structured in three tiers: Tier 1 Target Date Funds for simplified diversified investing, Tier 2 Self-Directed Funds for custom portfolio building, and Tier 3 Socially Responsible Funds (RJV Stock Fund) aligned with Jewish values. Digital access is provided through MyRPB portals for participants and employers, complemented by educational tools like RPB Navigator, HealthyWealth Seminars, and one-on-one support services.

Differentiator

Problem solved

Functional benefit

Products and services

• 403(b) Retirement Plan Tax-deferred retirement savings plan for eligible employees of Reform Movement organizations (synagogues, URJ-affiliated bodies, and other qualified employers), functioning under church plan rules similarly to a 401(k).
• Rabbi Trust Plan

Quantifiable outcome

• S&P 500 has returned over 10% per year since 1950
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• American Conference of Cantors (ACC)coreStrategic or Co-development Partner · 5 June 2026On June 5, 2026, the ACC Board unanimously voted to move the ACC Retirement Plan to RPB, consolidating on January 1, 2027. This brings cantors into RPB's plan.
• Aperio Group, LLCcoreTechnology or IntegrationAperio Group is a research-based investment management firm and pioneer in designing custom SRI (socially responsible investing) portfolios. They partnered with RPB to create the Reform Jewish Values Stock Fund using their proprietary model to construct a values-aligned portfolio that reflects Reform Movement values.
• Fidelity InvestmentscoreTechnology or IntegrationFidelity serves as RPB's custodial bank and record keeper. They provide the NetBenefits platform for participant accounts, process transactions, and manage tax form generation. RPB participants access their accounts through Fidelity's NetBenefits portal.
• As You SowminorStrategic or Co-development PartnerThrough Aperio Group's relationship with As You Sow, RPB can join shareholder initiatives that promote change in corporate practices related to ESG issues.
• Union for Reform Judaism (URJ)coreStrategic or Co-development PartnerURJ is a key institutional partner whose member congregations and professionals are served by RPB. The URJ climate crisis resolution prompted RPB to exclude fossil fuels from the RJV Stock Fund.
• Central Conference of American Rabbis (CCAR)coreChannel Partner/ Reseller/ DistributorCCAR represents Reform Movement rabbis who participate in RPB's retirement and insurance plans. The RJV Stock Fund's Values Task Force includes CCAR representatives.
• Cantor AssemblycoreChannel Partner/ Reseller/ DistributorCantor Assembly is a member organization of the Reform Movement. ACC (merging with Cantor Assembly) joining RPB brings Cantor Assembly members into the plan effective January 1, 2027.
• Women of Reform JudaismcoreChannel Partner/ Reseller/ DistributorWomen of Reform Judaism is a partner organization whose professionals participate in RPB plans. Executive Director Rabbi Marla Feldman appears in RPB testimonials.

Scale indicators3 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Empower Retirement: One of the largest U.S. retirement plan recordkeepers serving small and mid-sized employer plans including nonprofit and faith-based employers; a credible alternative if Reform congregations sought to unbundle from RPB.
• Principal Financial Group: A leading retirement plan recordkeeper serving small/mid employer plans including faith-based and nonprofit employers, offering plan administration, target-date funds, and group insurance products that overlap RPB's offering.
• TIAA: Dominant incumbent in nonprofit and academic retirement plans; competes for the same employer-employee relationships RPB serves and offers target-date and SRI funds that overlap with RPB's Tier 1 and RJV offerings.
• Fidelity Investments: Largest U.S. retirement recordkeeper and RPB's own infrastructure partner; offers nonprofit/faith-based 403(b) plans directly that could be substituted for RPB's plan if an employer chooses to consolidate.
• Vanguard: Operates low-cost target-date and index fund tiers widely used in 403(b) plans; RPB's Tier 1 and Tier 2 funds include Vanguard options, and Vanguard directly competes for nonprofit plan mandates.

Direct peers

• Church Pension Group: The pension, health, and welfare benefits organization of the Episcopal Church, administering retirement plans for clergy and lay employees — a structurally identical denominational pension model to RPB, serving a defined clergy/employee population with similar fiduciary mandate.
• Pension Boards of the Presbyterian Church (U.S.A.): Provides retirement, healthcare, and death/disability benefits to Presbyterian Church (U.S.A.) ministers and employees; functionally equivalent to RPB in offering defined benefit + defined contribution products to a single denomination's professionals.
• Wespath Benefits & Investments: The pension and benefits plan of The United Methodist Church, managing retirement assets for UMC clergy and institutions — same single-denomination fiduciary pension-board model as RPB, including ESG/values-aligned investing options.

Others

• Aperio Group: RPB's investment partner that constructs the RJV Stock Fund and is a specialist in custom SRI/ESG portfolio management; comparable as a values-aligned asset management firm, even though it does not sell directly to plan participants.
• Calvert Research and Management: A long-standing SRI/ESG mutual fund manager that competes for values-aligned investment dollars RPB channels through the RJV Fund; relevant as a competing values-screened investment vehicle that plan participants could choose instead.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reform Pension Board