Carmela Elco, an executive of National Penn Bancshares’ retirement advisory business, has been appointed to the prestigious Retirement Advisor Council, an advocacy group for the retirement plan advisor community, National Penn Bancshares announced Monday. Elco’s role on the council will include initiatives in research, public relations and promotion, general public education, regulatory positions, and practice management. Her term with the council begins Jan. 1, 2013.

Elco is president of Resources for Retirement, a division of National Penn Capital Advisors, Inc., the wealth management arm of National Penn Bancshares.  As president of RESOURCES for Retirement, Elco heads a 401(k) plan advisory firm that specializes in fund evaluation, fee negotiations, unbiased participant education, vendor selection and benchmarking.

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