A nut plate assembly includes a nut retainer and a bushing for expanding a tubular body of the retainer. The retainer assembly is used to cold work an opening of a workpiece in order to fix the nut retainer assembly relative to the workpiece. A nut member can be snapped into the retainer. A method of installation includes passing a mandrel through the bushing to radially expand the bushing into a tubular body of the retainer. The tubular body is compressed between the workpiece and bushing as the bushing is displaced radially causing corresponding radial displacement of the tubular body. The expanded bushing applies pressure to the tubular body for a desired fit between the nut retainer and workpiece.