LAS VEGAS (FOX5) — More than 20,775 Nevadans are now actively contributing to NEST accounts, with total savings topping $12.56 million as of the end of April, according to the Treasurer’s Office.
NEST — short for Nevada Employee Savings Trust — launched in the summer of 2025 to give private-sector workers a way to save for retirement, even if their job doesn’t offer a 401(k). The accounts stay with workers even if they change jobs or careers.
Younger workers drive growth
People ages 18 to 35 make up about half of all funded accounts. More than 6,800 savers under 30 now account for about 32 percent of all participants.
Treasurer Zach Conine said the program is helping Nevadans “take a commanding role in their financial future” by removing barriers to saving.
Program addresses retirement access gap
NEST was created by lawmakers in 2023 to address gaps in access to retirement plans. AARP estimates about 593,000 Nevada workers still lack an employer-sponsored plan.
Around 90,000 people are now registered for NEST, with more than 20,000 actively contributing. Projections show contributors could top 25,000 by July 1 and more than 40,000 by June 2027.
More information is available at nest.nv.gov.
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