MCLEAN, Va., Aug. 13, 2012 /PRNewswire-USNewswire/ -- NADART, the financial services division of the National Automobile Dealers Association, announced today its endorsement by the Colorado Automobile Dealers Association.
NADART and CADA will work together to deliver retirement solutions specifically targeted to franchised automotive retailers in Colorado.
"At a time when nearly half of Americans are not saving for retirement, we're especially pleased that NADART continues to meet the needs and expectations of our member dealers," said Tim W. Jackson, CADA president.
"We represent more than 250 new-car and -truck dealers, and we are here to help them achieve financial success. Having loyal employees is a big part of that," Jackson added. "NADART has expanded its investment options and built a trusted name in the industry.
According to CADA, each endorsement it makes is carefully selected by a dealer committee with final approval made at the executive board level.
"NADART is delighted to partner with CADA to better serve its member dealers," said Betsy Piper/Bach, NADART vice president and chief operating officer.
"Being an endorsed provider is a privilege that NADART does not take lightly. It is because of loyal customers, like the Colorado Automobile Dealers Association, that NADART is broadening its investment platforms," Piper/Bach added. "We specialize in managing the investment plans of individual sponsors and investors, which is typically reserved for large corporations."
NADART, a financial services and benefits provider, administers and manages assets of nearly $3 billion (as of the second quarter of 2012). Headquartered in McLean, Va., NADART offers fiduciary support and guidance, customized plan design options for business owners, insurance and employee benefit options, transitional products that assist with workforce changes and executive plan offerings to attract and retain top talent. NADART supports more than 2,000 plans with about 90,000 participants. NADART is committed to providing exceptional value to retirement plan sponsors and participants through a combination of administrative experience, multi-faceted support and a winning team of service professionals devoted to helping clients achieve financial success.
The CADA Story
The Colorado Automobile Dealers Association was founded in 1933 by a small number of Colorado dealers organizing to protest a federal excise tax that would raise the price of vehicles for their customers and hurt what relatively few sales were present at that time. The association was officially incorporated in 1938 and has grown considerably since then. In 2009, the Metro Denver Automobile Dealers Association merged with CADA, becoming a stronger and powerful organization. It now represents 250 new-car and -truck dealers throughout the state to their various publics, including the U.S. Congress, the Colorado General Assembly, various federal and state regulatory agencies, city councils, the media and the public. For more information, visit www.coloradodealers.org.
The NADA Story
The NADA story began in 1917 when 30 auto dealers traveled to the nation's capital to convince Congress not to impose a luxury tax on the automobile. They successfully argued that the automobile is a necessity of American life, not a luxury. From that experience was born the National Automobile Dealers Association. Today, NADA represents nearly 16,000 new-car and -truck dealers, with 32,500 franchises, both domestic and international. For more information, visit www.nada.org.
SOURCE National Automobile Dealers Association