Louisiana Auto Dealers Association Selects NADART as Preferred Retirement Plan Provider
THE RANKS OF STATE DEALER ASSOCIATION CLIENTS CONTINUES TO INCREASE
BATON ROUGE, La. (May 13, 2013) - The Louisiana Automobile Dealers Association has selected NADART as its preferred retirement plan administrator.
NADART-the retirement plan and benefits division of the National Automobile Dealers Association-and LADA will work together to deliver a selection of investment and employee benefits options specifically targeted to dealer businesses and their employees.
"NADART has been my retirement plan provider for many years," said Bob Israel, LADA president and chairman of the Automotive Trade Association Executives. "Their steady management practices have set the stage for many in our industry to enjoy a solid retirement."
"Each vendor is carefully selected and final approval is made at the executive level," added Israel, who was recently elected to the NADART board of directors. "Being a preferred partner is a privilege that NADART does not take lightly."
Louisiana is the third state dealer association this year to select NADART following North Carolina and Oregon.
"NADART is delighted to serve another state dealer association and its members," said Betsy Piper Bach, NADART vice president and chief operating officer. "NADART is a leader in providing benefits with more than 55 years of experience in serving dealers."
About Louisiana Automobile Dealers Association
Founded in 1937, the Louisiana Automobile Dealers Association provides products and services to enhance the operations of its member dealers. Originally based in New Orleans in a basement on St. Charles St., the early organizers included Ferron Brown of Baton Rouge, Brown Fortier of Lafayette, S.J. "Jack" Rogers of Monroe, Wiley L. Mossy, Sr., and Joseph A. Paretti from New Orleans. The first president, T. L. Huber of Lake Charles, served from 1937-1939. Over the years, LADA has continued to grow in importance and value to auto dealers in the state. For more information, visit www.lada.org.
NADART is a financial services and benefits provider, with administered and managed assets of nearly $3 billion (as of March 2013). Headquartered 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 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 http://retirement.nadart.org.