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Published March 9, 2009. MCLEAN, Va. (March 9, 2009) - NADA Retirement Administrators, Inc. (NADART) was selected as the preferred retirement plan provider for the National Independent Auto Dealers Association (NIADA), a trade group representing about 20,000 members. "NADART was chosen for its ability to provide a quality retirement plan to its members at a cost they can afford," said Stephen Johnson, director of marketing for NADART.

NADART is a financial services and benefits provider with administered and managed assets of nearly $3 billion.* Headquartered in McLean, Va., NADART offers fiduciary support and guidance; customized plan design options for business owners; life insurance and employee benefit options; transitional products that assist with workforce changes and executive plan offerings that help attract and retain top talent.

In another sign of record keeper consolidation, NADART, the retirement plan offered by the National Automobile Dealers Association, has announced that it is exiting the 401 (k) plan business and moving all plans to Empower-Retirement. NADART was not a major player in the industry, focusing on the auto dealer niche market, but it did manage 2,000 plans with 100,000 participants and $3 billion of assets managed under a MEP.

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1 My Total Retirement refers to the managed account services available in the Empower Retirement Advisory Services suite of services offered by Empower Financial Services, Inc., a registered investment adviser. 2 Contributions, any earnings and withdrawals are federal income tax-free if used to pay for qualified medical expenses.

The NADA Retirement Program from Empower Retirement focuses on optimizing participant outcomes through innovative 401 (k) plan design. It offers a seamless plan transition, hands-on support from our dedicated service teams, and aims to provide a best-in-value 401 (k) solution for dealerships.

NADART's mission is to be a leading provider of retirement plan administration... NADA Retirement: NADART has served America's dealers for nearly 60 years. We offer competitive products and services focused on risk management and re …. 28 people like this. 34 people follow this.

Empower: Saving, investing and advice. Securities, when presented, are offered and/or distributed by Empower Financial Services, Inc., Member FINRA / SIPC.. EFSI is an affiliate of Empower Retirement, LLC; Empower Funds, Inc.; and registered investment adviser, Empower Advisory Group, LLC. This material is for informational purposes only and is ...