Drive Your Retirement

NADA Retirement Program from Empower

NADA's affinity relationship with Empower offers members competitive, turnkey retirement solutions designed specifically for dealers and their employees. Members gain access to high-quality 401(k) solutions with competitive fees, a broad selection of investments, and an intuitive, technology driven experience. In addition to traditional 401(k) plans, the Automotive Preferred Pooled Employer Plan (PEP) is now available. It's designed to reduce administrative burdens for dealers with particular compliance challenges and a larger number of employees, while still delivering a modern participant experience. 

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.  Economies of scale help dealerships gain access to high-quality retirement solutions. Custom strategies for recruiting and retaining the best talent through nonqualified deferred compensation plans are also available. 

Fiduciary and Administrative Support

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.

Dedicated Service Model

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

Participant Financial Wellness 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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