Company: ADP Retirement Services, Florham Park NJ
Company Description: ADP is a leading retirement plan provider offering a wide range of qualified and nonqualified plan choices tailored to help business owners and their employees thrive. We leverage data and advanced technology to help drive plan success, manage administrative risk, while creating an engaging experience for your workforce. From an online plan health dashboard to our award-winning employee education
Nomination Category: Solutions & Implementations Categories
Nomination Sub Category: Marketing Solution – New or New Version
 Nomination Title: Bi-lingual Financial Literacy Series
- Which will you submit for your nomination in this category, a video of up to five (5) minutes, explaining the features, functions, benefits, and results to date of the nominated product or service, OR written answers to the questions? (Choose one):
Written answers to the questions
- Describe the features, functions, and benefits of the nominated product or service (up to 350 words):
Total 212 words used.
ADP Retirement Servies views the pursuit of financial well-being as a continuous journey with many interconnected goals, challenges, and achievements – controlling expenses, maximizing savings, managing the unexpected and much more.
In the United States, Spanish holds the position of the second most spoken language, contributing significantly to the country's cultural and economic diversity. Despite this, the Latino community often faces disparities in financial literacy compared to their white counterparts. This gap is not just a statistical concern but a real barrier that hinders many from achieving their financial goals.
Recognizing this, we committed to helping bridge this financial literacy gap through the creation of bi-lingual education resources designed specifically for the Latino community. Our program is designed to be a continuous learning journey rather than a one-time intervention. The financial literacy program covers a broad spectrum of topics, from enrollment, budgeting basics and debt management strategies to retirement planning and investment principles.
By eliminating language barriers and tailoring our content to the specific needs of the Latino community, we aim to foster a more inclusive and equitable financial environment. Additionally, we remain committed to providing the tools, resources, and support necessary to help Latinos not just to close the financial literacy gap but open opportunities for a brighter, more secure future.
- Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 79 words used.
Since a participant’s journey begins with enrollment, we offer our Spanish enrollment webcast and the educational deck if provided in the Spanish_On-demand_Enrollment file. [REDACTED FOR PUBLICATION]
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- If you are submitting a video of up to five (5) minutes in length, provide the URL of the video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video. If you are submitting written answers to the questions for this category, provide them in the spaces below.
See below for written submissions.
- If you are nominating a brand-new product or service, state the date on which it was released. If you are nominating a new version of an existing product or service, state the date on which the update was released:
For over 70 years, ADP has been shaping the way people work. We have more data and experience than any other retirement provider, and award-winning solutions to support your growing HR needs. The seamless integration of data across our platforms allows us to personalize participant experiences, adapt to local compliance requirements, and connect you to your workforce like never before. From hiring and engaging the right people to managing retirement plans and health care compliance, ADP can help you design a HR platform that meets your needs.
Our focus is to provide businesses of all sizes with retirement plan solutions that are easy to manage combined with innovative technology that gives employees the ability to achieve retirement readiness. For clients that purchase both ADP payroll and an ADP retirement plan, we provide a real-time integration solution that saves time and money on plan administration and reduces potential compliance risk.
ADP Retirement Services is more than a provider, we’re a retirement ally. Our plans provide seamless connections and flexibility to help simplify administration, personalized insights and education to keep employees engaged and saving for retirement and security you can count on to keep your data safe and risk mitigated.
- Outline the market performance, critical reception, and customer satisfaction with the product or service to date. State monetary or unit sales figures to date, if possible, and how they compare to expectations or past performance. Provide links to laudatory product or service reviews. Include some customer testimonials, if applicable (up to 350 words):
Total 210 words used.
Our overarching goal for participant education is to meet clients where they are, including offering bi-lingual support that spans from enrollment through retirement. As a result, we created a comprehensive program of collateral to support these needs.
We launched our Spanish on-demand enrollment webcast in March 2024. We host this in a console environment that houses the enrollment presentation, links to supporting collateral mentioned in the presentation and enrollment and rollover links.
This event generates an average of 560 registrations and 200 attendees each month. [REDACTED FOR PUBLICATION]
In addition to our on-demand enrollment webcast, we also offer onsite bi-lingual meetings. [REDACTED FOR PUBLICATION]
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