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News Highlights

Nevada Launches Retirement Savings Program for 593,000 Workers

Published by MSN | June 16, 2025
"Nevada State Treasurer Zach Conine announced the launch of the Nevada Employee Savings Trust (NEST) Program, a new initiative aimed at providing retirement savings options for approximately 593,000 workers in the state who currently lack access to employer-sponsored retirement plans"... (Click here to read more)

Treasurer Conine hosts event promoting NEST retirement savings available to Nevadans

Published by KRNV News 4 | June 16, 2025
RENO, Nev. - Nevada State Treasurer Zach Conine held an event promoting the state's new 'NEST' program Wednesday afternoon...Roughly 600,000 Nevadans, accounting for about 15% of the state's population, now have access to retirement savings after the Nevada Employee Savings Trust (NEST) program went into effect this month... (Click here to read more)

Nevada Treasurer Zach Conine Announces NEST Retirement Savings Program

Published by KSNV News 3 | June 17, 2025
 LAS VEGAS (KSNV) - The Nevada state treasurer's office has launched a new program to provide retirement savings for those who don't have access to workplace plans..."Now, more than ever, working families across Nevada are struggling to make ends meet, and we need to be doing everything we can to make it as easy as possible for workers to save for the future," Conine said in a statement...( Click link to read more) 

Offical Describes State Savings Trust

Published by The Record-Courier | June 25, 2025
It's hard for a small business to offer all of the perks that a large business can. Legislation passed in 2023 in Nevada may help employees take advantage of retirement savings incentives. Michael Pelham, from the State of Nevada Office of the State Treasurer, shared information on this new program with the Rotary Club of Minden - including the covered employers and employees. The Nevada Employee Savings Trust program was authorized in 2023 with the passage of SB305 in an effort to decrease barriers to retirement savings when employers do not offer it. Data has shown that 80 percent of Nevada businesses with 10 or less employees, and 67 percent with 10-24 employees, do not offer retirement plans... (Click here to read more)

Notice to Nevada Employers - Retirement Plan Becomes Mandatory

Published by Nevada Business Magazine | July 2025
 Nevada Employers may or may not be aware of upcoming changes that are mandatory for their employees. In the 2023 legislative session SB 305 passed and is now becoming effective September 1, 2025 (originally 07/01/2025). The bill requires Nevada employers with six or more employees to either provide their own 401K program or setup/provide plan entry into the Nevada Employee Savings Trust (NEST)... (Click here to read more)

Nevada Puts New Retirement Savings Program Into Gear

Published by The National Law Review | July 18, 2025

The NEST Program requires employers to send payroll contributions and maintain accurate employee records, including updating contribution rate change, adding new employees, and listing former employees as terminated from employment. Employers are not considered fiduciaries in relation to the accounts. Employers have immunity from civil liability for decisions made by employees or the board of trustees for NEST... The board of trustees will release communication materials and required disclosure for employers to give to employees, such as... (Click here to read more)