During this new venture, NADART, the retirement plan and benefits division of the National Automobile Dealers Association, and NCADA will work together to deliver a selection of investment and employee benefit options specifically targeted toward dealer businesses.
"NADART really understands the dealer business model and offers tremendous value, both with their products and commitment to service all aspects of the sponsored plan," said Robert Glaser, NCADA president.
"Each vendor is carefully selected and final approval is made at the executive level," Glaser added. "Being a preferred partner is a privilege that NADART doesn't take lightly."
"It is tremendous that NADART is being recognized for the unique value it brings to dealers across the country. We will continue to work hard to over deliver in the benefits category for dealerships," said Betsy Piper Bach, NADART vice president and COO.
"We are proud to provide a level of investment plan management for sponsors and individual investors, usually reserved for large corporations," Piper Bach added.
About NCADA The North Carolina Automobile Dealers Association (NCADA) is a trade association representing North Carolina's franchised automobile, truck and RV dealers. Formed in 1935, today's NCADA actively represents nearly 700 new car, truck and RV dealers. The association is dedicated to providing the highest quality service in education, insurance and legislative support for North Carolina dealers. For more information, visit www.ncada.com.
About NADART NADART is a financial services and benefits provider with administered and managed assets of nearly $3 billion.* Headquartered in McLean, Va., NADART offers fiduciary support and guidance; customized plan design options for business owners; life insurance and employee benefit options; transitional products that assist with workforce changes and executive plan offerings that help attract and retain top talent. NADART supports more than 2,000 plans with more than 90,000 participants.
NADART is committed to providing exceptional value to retirement plan sponsors and participants through a combination of administrative, custodial and investment experience, multi-faceted support and a winning team of service professionals. NADART is devoted to helping clients achieve financial success. For more information, visit http://retirement.nadart.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 dealerships with 32,500 franchises, both domestic and international. For more information, visit www.nada.org.