The Nevada Employee Savings Trust (NEST) was established by SB 305 (2023) and codified at NRS 353D. It covers Nevada employers with six or more employees that have been in operation 36 months or longer and have not maintained a tax-favored retirement plan — a 401(k), 403(b), SEP, or SIMPLE — in the current or previous three calendar years.

Two things make Nevada unusual. First, a plan offered through a chamber of commerce or trade association also satisfies the mandate — no other state program reviewed by LRS accepts that route. Second, the deadline structure was widely misreported: earlier phased-tier accounts were incorrect. A single registration deadline of September 1, 2025 applied to all covered employers, confirmed by the Nevada Treasurer's office and NEST program materials. Registration remains open, and covered employers that have not registered should register or certify an exemption.

Penalties have not yet been announced. The NEST board holds penalty authority under SB 305 and the Treasurer's office is reportedly moving toward enforcement; willful failure to remit employee contributions may carry additional statutory penalties. Employees become eligible at 18 or older after 120 days of employment, and participants in Railway Labor Act and Taft-Hartley multiemployer plans are excluded.