Is Your Dealership Impacted by Employer-Sponsored Retirement Plan Mandates ?
State-mandated retirement legislation that requires small businesses to provide retirement benefits to their employees continues to evolve across the country . Several states have laws in place , others have legislation in process , and others are considering enacting their own legislation .
Jeff Kim , CFP ® of Gerber Kawasaki Wealth & Investment Management , has provided NATDA with an updated list of states that have mandates in place or in process ( including the size of businesses impacted and deadlines for compliance as of October 2023 ). Scan the QR code to see if your dealership is impacted .
IT ’ S TIME TO UPDATE YOUR PROFILE As we near the end of 2023 , now is a good time to make sure your membership profile is updated and complete . Our Member Directory is a benefit that helps dealers connect with other members for networking , referrals and more .
Dealership profiles can be updated in NATDA ’ s Member Compass , which is accessible when logged into natda . org . Be sure to update information in the PEOPLE and COMPANY tabs .
The PEOPLE tab is where you can enter , update and remove dealership staff information . This is important to update whenever new staff come on board or staff leave your employ .
The COMPANY tab is where you can enter and update your dealership ’ s contact information , trailer types sold , additional lines of service offered , revenue and annual sales , number of employees , and locations .
Updated and complete profiles help NATDA track trends in the industry , which enables us to support your needs more effectively .
To learn more about updating your profile , visit natda . org / news / update-yourmember-profile .
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NATDA 401 ( k ) Group Plan Solutions ( GPS ) By leveraging the power of our total members , NATDA brings a large , powerful group together for mutual benefit . The NATDA 401 ( k ) GPS is designed to reduce administrative burden , transfer certain fiduciary liabilities and potentially lower overall plan costs while retaining the flexibility of a stand-alone plan . larchmont401k . com / natda | 424-258-0787
12 NATDA Magazine www . natda . org