Jan 18, 2021
In this episode of
Inside the Plan with the 401(k)
Brothers, Bill Bush, an
advisor at Horizon Financial Group, talks with Jason Roussell from ADP about financial wellness, the programs
they offer clients, the work they do with Louisiana businesses, and
how stress is impacting employees and employers.
01:06 – Jason
Roussell describes his role
02:05 – How does ADP see financial wellness fitting into the
03:06 – What is Jason Roussell seeing as far as strain on
04:22 – What type of programs can ADP offer to
07:00 – Jason
Roussell discusses ADP
Marketplace with 400 integrations.
08:08 – 29% of employees say their financial stress has been a
distraction at work.
09:00 – Medical care costs keep going up and they affect
3 Key Points:
- ADP makes sure workforces are educated about
what is available to them and that they are preparing in the right
way so that when it comes time for any major decision that they are
viewing it from a holistic approach.
- Prior to 2020, a statistic showed that the
amount of time people spent on their phone daily was about 4 hours
a day. In 2020 that number has almost doubled.
- Most record keepers now have
some sort of financial wellness resources.
- “My role is that
I serve in what’s called our major accounts division and what we do
is we partner with organizations, based out of Louisiana, to help
with human capital needs.” – Jason Roussell
- “For people that
are entering into retirement age within the next 5 years, which is
65, 48% are projecting that they are going to have to push that
back.” – Jason
- “54% of employees
identify that finances are their top source of stress.” –