National Automotive Dealers and Associates Retirement Trusts, McLean...

National Automotive Dealers and Associates Retirement Trusts, McLean, Va., intends to begin reviewing its manager lineup shortly "and see where we can make any improvement,’’ said Cynthia A. Hargadon, director of investments. The $3.4 billion trusts comprise three funds: NADART, a defined contribution plan that consists of a commingled pool with separately managed accounts; the income fund, which invests in short-term fixed-income investments; and the Choice plan, a 401(k)-type fund, which offers nine investment options. The NADART fund currently uses five managers with seven portfolios, Ms. Hargadon said. It recently endorsed its current asset allocation of 60% in equities and 40% in fixed income.