Archived News Items

1st Quarter 2010 Market Review  

IRS Approves NADART Master Plan Documents

2009 Fourth Quarter Market Review

2008 NADART Report Now Available

2009 Retirement Plan Limits

November 2008 Market Review

Gift of Savings Special

DOL Proposes New Regulations for Timely Deposit of Employee Contributions

Summer Special

Legg Mason Growth Trust is Now Legg Mason Growth Equity Fund

401k Contribution and the "QACA"

New Sub-Advisors and a New Name for Our Artisan Partners International Series I

Summer Special

Start a New Plan and Pay Zero Start-Up Costs
or
If You Currently Have a NADART Plan, Refer a Friend and Get $400 Off Your Plan Expenses

With the current state of the economy, it is now more important than ever to attract the right type of employee to help your business grow. A quality retirement plan can help you do that. Don't think you can afford one? Think again. NADART is offering NADA members the chance to start a plan and pay zero start-up costs. If you already have a NADART plan, save money on your plan's expenses. Refer a friend to NADART and you can save $400 off your next bill.

In addition to saving on initial start-up costs, NADART prides itself on our low fees and the fact our plans are devoid of the "hidden fees" many other retirement plan providers charge. We also offer a one-stop package of services, saving your office valuable time and money. From enrollment meetings and annual contribution nondiscrimination testing to Form 5500 filings and quarterly participant statements and everything in between, we have your retirement service needs covered.

To sign up, complete our Product Information Request Form. Or, you can contact a NADART representative at (800) 462-3278, ext. 7254 or e-mail nadart401k@nada.org. This special ends on September 30, 2008, so don't delay!

Legg Mason Growth Trust is Now Legg Mason Growth Equity Fund

On March 1, 2008, the Legg Mason Growth Trust's name changed to the Legg Mason Growth Equity Fund. The investments, portfolio strategy and management of the fund will remain the same, though participants will benefit from a lower fee. An updated fund description (pdf) is available.

If you have any questions regarding this change, please contact the NADART Plan Information Center at (800) 462-3278 or e-mail nadart@nada.org.

401k Plan Automatic Contribution Feature and the "QACA"

Many employers looking to increase participation in their 401k plans are considering the addition of an automatic contribution feature - a plan that forces employees to opt out of retirement savings instead of opting into plan participation. The Internal Revenue Service (IRS) has recently released proposed rules on  the "qualified automatic contribution arrangement" (QACA) that becomes available in 2008. Plans with a QACA will generally not have to undergo contribution nondiscrimination testing and will satisfy the top heavy rules that can reduce the benefits of plan participation for key employees and owners.

The IRS-published Retirement News for Employers, issued in November 2007, includes a useful summary of QACA rules. If you are interested in sponsoring a 401k plan with an automatic enrollment  feature of any type, please contact us for additional information. We can help you determine if this feature makes since for your organization.

New Sub-Advisors and a New Name for Our Artisan Partners International Series I

On November 30, 2007 the name of the Artisan Partners International Series I changed to the International Investors Fund. The fund will continue to be managed by Cardinal Trust and Investments, however it will have new sub-advisors - Julius Baer Investment Management LLC and Thornburg Investment Management, Inc.  A fund description (pdf) is available which details the fund's investment objective, investment strategy, investment risk and fees. 

Our Investment Policy Statement dictates regular review of money managers by our Trustee, in consultation with our Board of Directors. Seperate account managers must meet minimum criteria as stated in the Investment Policy Statement (pdf) and adhere to established duties and responsibilities. If you wish your current retirement plan provider would shoulder some of the responsibility for monitoring your investment line-up, you should learn more about NADART by submitting our Product Information Request Form.