mPower Adds 44,000 New Participants to Its Online Investment Advice Service
SAN FRANCISCO--Feb. 27, 2001--mPower, a leading provider of online investment advice, has announced the rollout of its service to the 45,500 participants in the National Automobile Dealers Association Retirement Trust (NADART) Investment Choice program bringing to 137,000 the number of new 401(k) plan participants added to mPower's advisory service since the beginning of the year.
This week, participants in NADART's Investment Choice program were introduced to mPower's independent investment advice. Five hundred and sixty members of the National Automobile Dealers Association offer their employees the benefit of participating in the Investment Choice program, which has approximately $860 million in assets. NADART manages and administers 401k pension and profit sharing plans for franchised new car and truck dealers and automotive trade organizations nationwide.
"We believe it is important to provide unbiased investment advice to our 401(k) plan participants, not only to keep our organization competitive, but also to help our plan participants make wise investment choices," said Jim Apistolas, director of training and communications at NADART.
Nearly 160 employers and organizations are now offering mPower's online retirement investment advice as a core benefit to its employees.
About mPower.com, Inc.
Founded in 1995, mPower Advisors, L.L.C., (http://www.mpower.com), a registered investment advisor, was the first to offer affordable, objective, and actionable online investment advice to defined-contribution plan participants, and remains a leading provider in this field. mPower's website also offers award-winning investment education information to help individual investors learn more about defined contribution plans, including the 401k, 457 and 403(b) plans, and Individual Retirement Accounts (IRAs).
About the National Automobile Dealers Association
The National Automobile Dealers Association (www.nada.org) represents America's franchised new-car and -truck dealers. Today there are more than 19,600 franchised new-car and -truck dealer members holding nearly 40,000 separate new-car and light-, medium-, and heavy-duty truck franchises, domestic and import. NADA membership is open to any new-automobile or new-truck dealership holding a new automobile or truck sales and service franchise.