California New Car Dealers Choose NADART as Preferred Retirement Plan Provider
SACRAMENTO, Calif. (July 10, 2013) - The California New Car Dealers Association is the fourth state dealer group this year to select NADART as its licensed retirement plan administrator.
NADART, the retirement plan and benefits division of the National Automobile Dealers Association, and the CNCDA will work together to deliver a selection of investment and employee benefit options specifically designed for dealer businesses.
"The CNCDA's board of directors carefully selects each licensed vendor," said Brian Maas, CNCDA president. "NADART has a long history of solid financial planning and management. Their experience in the auto industry makes them an ideal choice for California dealers."
Earlier this year, the state dealer associations in Louisiana, North Carolina and Oregon selected NADART.
"NADART is delighted to serve the members of another state association," said Betsy Piper/Bach, NADART vice president and chief operating officer. "Our 55 years of experience in serving the dealer industry makes us leaders in providing employee benefit options. Being a licensed vendor is a privilege that NADART doesn't take lightly."
NADART is a financial services and benefits provider with administered and managed assets of nearly $3 billion (as of June 2013). Located 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 that help 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. For more information, visit www.nadart.org.
About the California New Car Dealers Association
The California New Car Dealers Association is the country's largest state association of franchised new car and truck dealers representing nearly 1,100 members. CNCDA members are primarily engaged in the retail sale and lease of new vehicles, and also engage in automotive service, repair and part sales. CNCDA promotes fair and ethical business practices through a wide range of educational programs, services and industry publications. For more information, visit www.cncda.org.