NADART Retirement Library - Tools, Resources, Information

A new NADART distribution form has been created and several existing ones have been updated. The new form is the Death Benefit Request Form (N-40), and it contains information on beneficiaries, methods of payment and tax withholding while also taking over some of the functions of older versions of the Benefit Request Form (N-10) and the Deferred Account Benefit Request Form (N-35). Those forms have been updated to reflect this change. Also updated are the Direct Rollover Election Form (N-15) and the Voluntary/In-Service Withdrawal Request Form (N-50). Feel free to contact our Plan Information Center at (800) 462-3278 or nadart@nada.org with any questions about the forms.

Changes to Your Investment Choice Contribution Billing Form

Investment Choice Plan Coordinators are seeing a new Employer Contribution Billing Form. Changes were made to simplify and expedite the billing process. Details (pdf) are available and the Plan Information Center is available to answer your questions via e-mail or at (800) 462-3278.

2007 NADART Report Now Available

The 2007 NADART Report (pdf) is now available. The report features a letter to plan sponsors and participants from NADART`s Chairman, Buzz Braley, as well as an overview of NADART`s accomplishments for the year. Fund assets and returns for 2007 are also included, as is a review of NADART`s products and services.

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.

Artisan Partners International Series I is now the International Investors Fund

Beginning November 30, 2007, the name of the Artisan Partners International Series I will change 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.

NADART Plan Sponsors May Add Roth 401(k) Option

NADART offers a Roth 401(k) contribution option to Investment Choice plan sponsors. If you are considering the addition of a Roth 401(k) contribution to your plan, you will want to take a look at our pamphlet entitled "Want More Retirement Planning Flexibility? - The Roth 401(k) Option" to learn the basics. Contact us at nadart401k@nada.org or (800) 462-3278, ext. 7254 for more information.

Target Dated Funds Offered in Investment Choice Plans

On October 1, 2007 NADA Retirement Administrators, Inc. (NADART) added Target Dated Funds managed by State Street Global Advisors (SSgA) to the Investment Choice funds line-up. These ten SSgA Target Retirement Strategies add a new dimension to NADART’s Investment Choice 401(k) plan.

Target Dated Funds are designed with a particular retirement year in mind. Each participant selects the fund whose target date is most closely associated with the year he or she expects to retire. Each fund is diversified with a mix of stocks and bonds that are allocated based on the expected retirement date. SSgA monitors the fund and reallocates the stocks and bonds mixture as needed over time. They work to maximize the participant’s investment return potential while keeping the risk at an appropriate level for each stage of life.

“These Target Dated Funds take the guesswork out of picking the right funds based on your retirement goals,” said Philip Holland, Vice-President and Plan Administrator for NADART. “Different life stages require a different investment strategy that involves picking the right selection of funds, monitoring their performance and rebalancing those funds. Many of our participants don’t have the time or inclination to do this. The Target Retirement Strategies makes it easy for them to choose a fund based on when they want to retire and then lets the fund managers do the rest of the work for them.”

Descriptions of each Target Dated fund can be found in the Target Dated Funds Sheets (pdf), a supplement to the Investment Choice enrollment booklet. Contact us at nadart@nada.org or (800) 462-3278 for more information.

Changes to Distribution Forms

NADART Distribution Forms have been revised to reflect our new automatic rollover process (pdf) and simplified to provide the required notices (Special Tax Notice Regarding Plan Payments and Direct Rollovers and the NADART Qualified Joint and Survivor Annuity Notice) with Forms N-10, N-35, and N-50 instead of in Form N-15. Form N-15 now serves exclusively as a Direct Rollover Election Form and need not be accessed for other payment options.

IRS Raises Income Limits for Saver`s Credit

The Internal Revenue Service (IRS) has raised the income limits for the Saver`s Credit (pdf) for 2007 from its current level of $50,000 (for a married couple filing jointly) to $52,000. Those persons filing as head of household had an increase of $1500 to $39,000, while single filers and married persons filing separately saw an increase of $1,000 to $26,000.

Looking to Boost Your Participation Rate? Automatic Enrollment Might Be the Answer

Are your employees saving enough for their retirement? If they’re like many Americans, they aren’t. You may have heard recent news reports about the low savings rate in this country. Despite an increase in the number of workers that are offered 401(k) plans, studies have found that 30% don’t participate. Why such a high rate? Simple inaction is often cited as one of the main causes. NADART began offering automatic enrollment to its plan sponsors in an effort to help its plan sponsors reverse this trend with their own employees. See how we can help you solve this problem.

Refer a Friend to NADART

If you`ve had a positive experience with NADART, tell your friends and business associates about us. Any business you refer that starts a plan with us could get you a $200-$400 credit off your next bill. Simply complete our online referral form.

Top-Heavy vs. CNT Testing - What`s the Difference?

Confused about the differences between Top Heavy Testing and Contribution Nondiscrimination Testing? This chart (pdf) will give you a bit of insight in comparing the two tests.

New Deposit Ticket

For those who submit their deposits via mail instead of SafeLink, please note there is a new deposit ticket (pdf). The new ticket reflects a change of address for those deposits sent via overnight mail. Those who choose the overnight mail option should also be aware that overnight deposits must be received by 10:00 a.m. to be credited the same day.

For the fastest, most convenient way to submit deposits, consider signing up for SafeLink. SafeLink transmits your deposits electronically through a secure connection, ensuring timely receipt of your deposits without the headaches that go along with sending them through the mail.

Frequent Trading Policy Details Available

Effective September 1, 2005, NADART instituted a "frequent trading" policy (pdf) for its Investment Choice Plans. This policy is designed to discourage day trading and to address tighter restirctions on retirement funds by government regulators.