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ARTICLE · 31 JULY 2025

Nevada Employee Savings Trust (NEST) Program Overview

Holland & Hart LLP
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In 2023, Nevada enacted legislation (Nevada Revised Statutes 353D) establishing the Employee Savings Trust (NEST) Program, a government...

United StatesEmployment and HR
Benjamin Gibbons
Benjamin Gibbons
Matt Shell
Matt Shell

Overview of the Nevada NEST Program

In 2023, Nevada enacted legislation (Nevada Revised Statutes 353D) establishing the Employee Savings Trust (NEST) Program, a government-backed retirement solution that became operational in June 2025. This initiative specifically serves private industry workers who currently have no employer-provided retirement savings options, working to bridge the coverage gap that leaves many employees without adequate retirement planning resources.

The program operates through automatic payroll deductions deposited into state-administered individual retirement accounts (IRAs), while minimizing administrative burden, costs, and liability for employers. The Nevada NEST Program is governed by a six-member Board of Trustees, with administrative support provided by the Nevada State Treasurer's Financial Literacy and Security Division.

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