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NADART Named Preferred Retirement Plan Provider for the Montana Auto Dealers Association
McLEAN, Va. (Nov. 24, 2014)
- NADART and the Montana Automobile Dealers Association (MTADA) today announced a new strategic partnership.
"We are proud to announce NADART as MTADA's preferred retirement plan provider" said Bruce Knudsen, MTADA executive vice president. "We will work together to provide this meaningful benefit to our new car and truck dealers in Montana. Their support will benefit our members and their employees."
NADART, the retirement plan and financial services division of the National Automobile Dealers Association, provides retirement plan administration, recordkeeping and investment services specifically designed for automobile dealers and their employees.
"NADART's 401(k) plan provides employers with a valuable benefit to help their employees prepare for a successful retirement," said Betsy Piper/Bach, NADART vice president and chief operating officer. "We put our members first and are committed to promoting the highest standards of honesty and integrity to support MTADA and its dealership members.
"This preferred retirement plan provider relationship will allow NADART and MTADA to work together to provide customized retirement plan products, services and education," Piper/Bach added.
Montana is the 14th state dealer association to have recently partnered with NADART. The other state associations are Alabama, California, Colorado, Georgia, Illinois, Louisiana, New York, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina and Utah.
Since 1957, NADART, the financial services division of NADA, has been a leading provider of retirement plan administration and investment services to automobile dealers and their employees. NADART offers competitive products and services focused on risk management and retirement solutions while producing economic value to our stakeholders. NADART currently administers about 2,000 plans covering nearly 100,000 participating employees with combined account balances over $3.2 billion. For more information, visit www.nadart.org.
The Montana Automobile Dealers Association was organized in 1939 and is made up of 119 franchised new-car and -truck dealers in Montana. The association and its members strive to uphold the highest standards of honesty and integrity and continuously work together to improve the car buying experience for Montana consumers. For more information, visit www.mtada.com.
NADA represents nearly 16,000 new-car and -truck dealerships with 32,000 domestic and international franchises. For more information, visit www.nada.org.
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