NADA Retirement Program from Empower

NADA's affinity relationship with Empower Retirement offers members a competitive, turnkey retirement solution designed specifically for dealers and their employees. Dealer members gain access to high-quality retirement plans with competitive fees, a broad selection of investments, and an intuitive, technology driven experience. As the second-largest retirement services provider in the US, Empower brings the expertise, service and innovation to help employers strengthen their benefits offering and help employees build lasting financial confidence.   

Customized Consulting

NADA Retirement consultants have an in-depth knowledge of the broad range of available 401(k) solutions and can recommend a solution that matches the specific goals of your company.  In addition to more traditional 401(k) plans, the Automotive Preferred Pooled Employer Plan (PEP) 401(k) was introduced this year. The Automotive Preferred PEP 401(k) aims to reduce administrative burdens for dealers with particular compliance challenges and a larger number of employees, while still delivering a state-of-the-art participant experience with robust digital tools, personalized retirement planning resources and a trusted name in financial wellness. Custom strategies for recruiting and retaining the best talent through nonqualified deferred compensation plans are also available. 

Fiduciary Services

The NADA Retirement Program from Empower includes robust fiduciary support services such as a 3(38) Investment Manager, a 3(16) Plan Administrator and a Plan Trustee, providing comprehensive fiduciary oversight and compliance services in all available 401(k) solutions.

Superior Service Model

Empower's service model for the NADA Retirement Program includes a team of professionals specifically assigned to support NADA Retirement plan sponsors and their employees.

Holistic Financial Wellness Web Experience

Participating employees receive a centralized, mobile-accessible dashboard designed to provide a comprehensive view of their finances and improve overall financial wellness. It offers personalized advice, budgeting tools, and income forecasting to help make more informed financial decisions. Employees can consolidate financial accounts in one place with a single login, allowing them to budget for now, save for later, plan for emergencies, and gain control and confidence in their financial futures.

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