Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products June 10, 2001
Car Dealers Get mPowered Advice
October 18, 2000 (PLANSPONSOR.com) - The National
Automobile Dealers & Associates Retirement Trusts
(NADART) has picked mPower to provide online financial advice
to the 150,000 members of its Investment Choice 401(k) plan
at auto dealers across the country.
Reported by editors@plansponsor.com
Once the NADART-mPower service launches in 2001, each plan participant will have a personal home page on mPower’s advice site, customized with their plan’s rules and the NADART investment menu.
Participants will provide information regarding their financial objectives, time horizon and risk tolerance, and will then receive fund-specific allocation recommendations based on their personal retirement planning goals.
mPower also offers a daily market analysis and a “what if” functionality that allows participants to see the impact of changing their risk tolerance or investment time horizon.
NADART is a non-profit trust that maintains over $3 billion in assets for over 150,000 participants at dealerships nationwide.
– Nevin Adams editors@plansponsor.com