Nevada has introduced a solution for businesses to help their employees save for retirement. Currently, 46% of private-sector workers in the state lack access to a workplace retirement savings plan, according to the Georgetown University Center for Retirement Initiatives.

To bring one of the most tax-efficient ways to save for retirement to more employees across the state, Nevada launched the Nevada Employee Savings Trust (NEST). This program will provide an automatic, accessible tool for employees in the state to save for their golden years.

In this article, we’ll answer some questions you may have about NEST and explain how it affects Nevada businesses.

How Does NEST Work?

NEST is a government-sponsored retirement plan that launched in June 2025. Nevada employers who meet certain criteria are required by law to either offer a qualified, employer-sponsored retirement plan, like a 401(k) plan, or enroll their employees in the program.

Nevada employees may contribute to the program through automatic deductions from their paychecks into a Roth individual savings account (Roth IRA) unless they choose to opt out. The money in the account will grow tax-free, and employees won't have to pay income tax on any money they withdraw from their account during retirement. The default savings rate begins at 5% and increases by 1% annually up to 10%, but each individual can elect a higher or lower percentage.

NEST is overseen by the Board of Trustees of the Nevada Employee Savings Trust and joins nearby states of Oregon, Colorado, and California to keep businesses competitive by offering a highly desired competitive benefit to employees without the cost of operating a standalone workplace plan.

Which Businesses Are Affected?

According to the NEST website, employers who meet the following criteria are required to register for the program:

• Have 6 or more employees
• Has been in business for 3 or more years
• Does not currently offer a qualified, employer-sponsored retirement plan to their employees

Self-employed businesses can also take advantage of the program’s benefits. Employers who already offer a qualified plan or choose to start one can certify their exemption from the program.

Registration Deadline

Program deadlines for businesses are based on company size. The breakdown is as follows:

• Companies with 6 or more employees | September 1, 2025

Penalties

Penalties have not yet been announced.

Who Is Eligible to Save With NEST?

Individuals who are 18 years or older are eligible to participate in NEST 120 days after they are hired.

The program is voluntary for employees, and they can change their contribution amount or opt out at any time.

Expanded Retirement Savings in Nevada

NEST gives employees access to one of the most tax-efficient ways to save for retirement. Contributions made directly through payroll deductions simplify the process of setting aside funds for retirement.

The program requires businesses with six or more employees to either participate in NEST or certify an exemption, so it’s important for Nevada employers to familiarize themselves with the program details and requirements.