Pub. 1 2011 Issue 3

4 AUTOMOBILE DEALER NEWS ILLINOIS www.illinoisdealers.com Illinois Automobile Dealers Association 300 West Edwards Street Spring fi eld, Illinois 62704 T 217.753.0220 F 217.753.3424 www.IllinoisDealers.com The ILLINOIS AUTOMOBILE DEALER NEWS ispublished by Media Communications Group, Inc. and is the official publication of the Illinois Automobile Dealers Association. The ILLINOIS AUTOMOBILE DEALER NEWS is published 4 times per year. Thestatementsandopinionsexpressedhereinare thoseof the individual authors and do not necessarily represent the views of ILLINOIS AUTOMOBILE DEALER NEWS , or its publisher Media Communications Group, Inc. Any legal advice should be regarded as general information. It is strongly recommended that one contact an attorney for counsel regarding specific circumstances. Likewise, the appearance of advertisers does not constitute an endorsement of the products or services featured by Media Communications Group, Inc. 6 IADA President’s Letter 8 Increase Profit and Productivity 11 Attention Retirement Plan Fiduciaries: Fee Disclosure Requirements Are Just Around the Corner 15 Smartphone Apps Bring Information Straight to Dealers’ Fingertips 18 IADA Legislative Reception and BBQ CONTENTS Vol. 19 No. 3