McLEAN, Va. –

Geared especially for National Independent Automobile Dealers Association members, NADA Retirement Administrators rolled out a number of new products and enhanced services this week.

The enhancements include:

—Sub20 Plan.

—Online investment guidance.

—Executive and deferred compensation plan.

“As the preferred retirement plan provider for the National Independent Automobile Dealers Association, we are pleased to be able to provide NIADA members with these new and innovative financial resources to help them navigate their path to retirement,” stated Jason Dwyer, NADART’s director of business development and client services.

NADART recapped that it offers a number of retirement plan options, including the Sub20 Plan designed specifically for small businesses such as a 401(k) plan for those with 20 or fewer employees.

As an added benefit for starting a new plan, officials explained employers can benefit from a three-year tax credit. In addition, NADART’s executive/deferred compensation plan can allow owners and select employees to contribute up to 100 percent of their compensation on a tax-deferred basis to a retirement savings plan.

Furthermore, NADART indicated it recently added online investment guidance to the services it provides their clients.

“We believe that NADART’s innovative retirement products and financial services make them a good match to the needs of our members, and bring 50-plus years of auto retail financial services and retirement planning experience to our members,” noted Scott Lilja, vice president of NIADA member services.

NADART reiterated that it maintains approximately $3 billion in assets for close to 100,000 participants nationwide. For more information about NADART, visit www.nadart.org/retirement, call (800) 462-3278 or e-mail [email protected].