How SB 305 Will Transform Retirement for 600K Workers

If you’re a Nevada business owner, this isn’t just another regulatory update—it’s your opportunity to become a retirement hero for your workforce while ensuring full compliance.

NEST applies to all private non-governmental employers with six or more employees who have been in business for at least 36 months and do not currently offer a qualified retirement plan.

The Nevada Employee Savings Trust creates an automatic Individual Retirement Account Program by which certain individuals are automatically enrolled into a State-sponsored retirement plan. For business owners, this means simplified compliance with a state-run auto IRA that handles the heavy lifting while you focus on growing your business.

While other business owners stress about NEST or the American Worker Retirement Plan Act implications, 3Nickels users are already ahead of the curve. Our platform seamlessly integrates with Roth IRA plans in Nevada, helping streamline implementation and potentially enhance employees’ opportunities for retirement savings growth.

Our IRA Fee Checker helps employees identify hidden costs, while interactive lessons on “Automatic Savings and Investment Plans” and “Save on Taxes While Saving for Retirement” maximize their NEST participation benefits. When employees access our “Picture Your Dream Retirement” to learn practical guidance on “Living and Working in Retirement,” they’ll see the opportunity of their financial future improving through your company’s support—driving retention and productivity.

Start by auditing your current employee count and business age. Beginning July 1 through September 1, all required employers must enroll online—a process taking less than 10 minutes.

Use 3Nickels to educate your workforce about this qualified retirement plan alternative before implementation. Our comprehensive resource library includes specialized lessons like “Plans Available Through an Employer” and “Why Save for Retirement?” that address issues related to NEST program benefits. Employees can access our interactive calculators to find out what kind of hidden fees may be hidden in their IRA selection, test their knowledge with our educational quizzes, or jump into our “Your Action Plan with 3Nickels Holistic Advice” to understand their personalized roadmap and maximize their automatic IRA for small businesses participation. Our Member Market feature connects employees with peer insights, reducing decision fatigue around opt-out choices and building confidence in retirement planning. Connect payroll systems early and establish level understanding across your organization using 3Nickels’ educational modules that dive into industry language like: “Bond Lingo,” “Stock Lingo,” and “Investment Vehicle Lingo” to help employees understand their new state run retirement plan benefits.

This state level retirement savings initiative represents more than compliance—it’s your chance to differentiate your business in a competitive talent market. Employees remember employers who invest in their futures.

Empower your workforce with effortless retirement planning—install 3Nickels today and you might just point your employees toward powerful wealth-building habits. Driving employee productivity, engagement, and retention—all from one app.