Oak Hill Advisors, L.P.
The T. Rowe Price Spanish-language participant experience reflects our continued commitment to addressing the needs of your entire workforce.
Our Spanish-language educational portal, Workplace Retirement Site homepage, and several additional offerings have been thoughtfully developed to provide relevant online and in-person experiences specifically for people who speak Spanish. The content includes education, live support and meetings, and engaging tools and resources.
What the Data Tell Us
More than 2/3 of Hispanic households aren’t saving enough for retirement through workplace vehicles.
Only 8% of Hispanic households report having an IRA or similar private plan, compared with 33% of white households. Morningstar, Inc., “A Closer Look Into the Finances of Hispanic American Households.” September 2021.
These numbers indicate a need for relevant and engaging content for Hispanic households to help them better prepare for their futures.
1/2 of Spanish Portal visitors access the Workplace Retirement Site after visiting the Spanish-language portal.
Online resources—no login required.
Videos, articles, webinars, podcasts, and more—in Spanish—covering topics such as:
Why you should save for retirement
How much you should save for retirement
Types of retirement accounts and contributions
How to invest and asset allocation information
Savings content and steps for having a successful retirement
Beyond Translation: Our Spanish-language portal is more than a website of materials translated from English to Spanish. Spanish-speaking T. Rowe Price associates created the content specifically for Spanish-speaking participants—keeping trends, behaviors, and culturally defining factors in mind.
Spanish-Language Homepage and Message Center
A Spanish-language homepage on the Workplace Retirement Site, plus a Spanish-language center have content in Spanish that includes:
Navigation and action suggestions
Banner box personalized messaging
Account information and retirement progress
Investment mix information
Current contributions, information, and recommendations
Financial wellness materials
Cybersecurity best practices and our Account Protection Program
Participant interaction by the numbers
54.3% of actions taken are change contributions versus 50.5% of English-language homepage visitors
13.5% of actions taken are to enroll in the Auto Increase service versus 10.9% of English-language homepage visitors
In-Person Employee Education Meetings and Live Webinars
From day-to-day financial wellness to planning for retirement, our on-site and virtual meetings, offered in real time, provide relevant and useful strategies, tools, and resources for Spanish-speaking participants.
Backed by research:
Content and presentation style are both tailored to the Spanish-speaking population. T. Rowe Price conducted original research through user testing and focus groups to determine the content that would help Hispanic households overcome cultural barriers.
43% higher engagement vs. English webinars
Webinar topics include:
Financial wellness/budgeting essentials
Spanish-speaking representatives are available Monday through Friday from 7 a.m. to 10 p.m. eastern time at 1-800-368-2768.
600+ calls per week are directed to dedicated Spanish-speaking representatives.
Contact your T. Rowe Price representative to find out how we can take your plan to the next level.
T. Rowe Price Retirement Plan Services, Inc., its affiliates, and its associates do not provide legal or tax advice. Any tax-related discussion contained in this website (including all links) is not intended or written tobe used, and cannot be used, for the purpose of (i) avoiding any tax penalties or (ii) promoting, marketing, or recommending to any other party any transaction or matter addressed herein. Please consult your independent legal counsel and/or professional tax advisor regarding any legal or tax issues raised on this website.