GNYADA March 2015 Newsletter

14 GNYADA Is #1 Metro Dealer Association in U.S. DEAC

NADA President’s Club by giving a $5,000 contribution to DEAC. This adds to the list of five President’s Club mem- bers—who all maintained their status by each contributing $2,500 to DEAC. DEAC is the only political action com- mittee representing the interests of fran- chised dealers of both domestic and imported new cars. With these contribu- tions, NADA can continue to make the dealers’ voice heard in Washington.

NADA ranked the top dealer associations whose members contributed to the Dealer Election Action Committee (DEAC). GNYADA dealers contributed more than $65,000 to DEAC. This placed GNYADA as the number one metro association and 11th overall across the country.

One more GNYADA dealer joined the

Principals from the following dealerships made contributions:

Riverdale Chrysler Jeep Riverhead Dodge Riverhead Ford Lincoln Robert Chevrolet Rockland Toyota Sarant Cadillac Sayville Ford Scarsdale Ford Security Dodge Chrysler Silver Star Motors Sunrise Toyota Scion Smith Haven Chrysler Jeep Dodge RAM Smithtown Acura Smithtown Toyota Star Toyota of Bayside Staten Island Toyota Sun Buick GMC Tarrytown Honda Tower Ford Vail Buick GMC Van Buren Buick GMC Westbury Toyota Scion

Koeppel Mazda Lakeview Mercedes-Benz of Rockville Center LaSorsa Chevrolet Buick Mitsubishi Lexus of Mt. Kisco Manhattan Motorcars Mercedes-Benz of White Plains Merrick Dodge Chrysler Jeep of Wantagh Metric Auto Sales Milea Truck Sales Mt. Kisco Volvo Land Rover

Apple Honda Arroway Chevrolet Cadillac Babylon Honda Bay Ridge Honda Biener Audi

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Big Dee Auto Sales Bill Kolb Jr Subaru Brown’s Jeep Chrysler Dodge Fiat City Mitsubishi City World Ford Lincoln Croton Auto Park Curry Chevrolet Sales and Service Donaldsons VW Subaru Gregoris Motors Helms Bros Hempstead Ford Lincoln Heritage Jaguar of Freeport Huntington Honda Interstate Toyota Scion Island Acura Jaguar Land Rover of Huntington Karp Volvo

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Mullen Motors Nardy Honda Nemet Motors Newins Bay Shore Ford Nissan 112 Paragon Honda Paul Conte Cadillac Penn Toyota Porsche of Roslyn Queensboro Toyota Rallye Motors

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15 FSAs Are Beneficial to Employees and Employers Flexible Spending Accounts (FSAs) are benefits available to employees to help cover healthcare, dependent care, or transit expenses. Employees set aside a portion of their wages on a pre-tax basis to pay for day-to-day necessities while lowering their taxable income. Therefore, the more contributions that employees put into a FSA, the more savings the employer realizes. 2015 Employee FSA contribution limits are: Medical Expenses ($2,500/year) Dependent Care Expenses ($5,000/year) n n

Employers also receive a tax benefit since they are not required to pay the employer portion (7.65%) of the Social Security Tax on employee contributions to an FSA.

Contact Michael Conwayat the GNYADA Insurance Brokerage at 718.746.8100 or mconway@gnyada.com .

Greater New York Automobile Dealers Association • www.gnyada.com

The Newsletter • March 2015 9