Employer Guide to Nevada’s New Retirement Savings Program for Private Sector Employees
Nevada’s new state-facilitated retirement program for private-sector employees is now live. While the Nevada Employee Savings Trust (NEST) Program is designed to minimize the administrative, cost, and liability burdens for employers, the program represents a significant change for businesses and will require careful navigation of new compliance obligations. You must act quickly to understand the scope of your responsibilities and ensure you either register for the program or certify your exemption by September 1 . We’ll explain everything private businesses in Nevada must know about the NEST Program – and how to stay compliant. What is the NEST Program and why did Nevada create it? The NEST Program is a state-facilitated retirement savings program for private sector employees. It was created by a state law ( NRS 353D ) enacted in 2023 and is now live after launching this month (ahead of its originally scheduled July 1 date). The program is designed to close the retirement savings ...