Understanding Nevada’s New 401K Mandate

Attention small business owners: Nevada’s new 401K mandate requiring employers to offer a retirement savings program has officially gone into effect, and the deadline to comply has now passed. If you haven’t yet implemented a solution, it’s not too late to get on track! Join us for a one-hour webinar on the Nevada Employee Savings Trust (NEST) program, a state-facilitated retirement option designed to help small businesses meet the requirements without the complexity of setting up a traditional 401k. We’ll cover how NEST works, what your responsibilities are as an employer, and how to enroll quickly and easily. This is a great opportunity to ensure compliance and support your employees’ financial well-being.

Zach Conine currently serves as Nevada’s 23rd State Treasurer. Elected on November 6th, 2018, Zach knows that responsible financial management is the key to ensuring long-term growth for the State. As Treasurer, Zach leads a team of more than 45 professionals that are responsible for investing the State’s and many local governments’ money, financing community assets and facilities, processing payments for public agencies and collecting and returning unclaimed property. Additionally, Zach is responsible for Nevada College Savings Plans and administration of numerous scholarship programs and other services that help Nevadans plan, save, and pay for post-secondary education.

In addition to the daily management of the State Treasurer’s Office, Zach serves as a member of the State Board of Finance and the Executive Branch Audit Committee. Zach serves as Chair of the Board of Trustees of the College Savings Plans of Nevada, the Nevada Employee Savings Trust and the Nevada State Infrastructure Bank.

Prior to serving as State Treasurer, Zach built a successful business career in the gaming, finance, and consulting sectors. Over the course of his career, Zach has been committed to creating economic opportunities for local businesses and working families. As co-founder of a consulting business, he has helped dozens of small and medium sized businesses expand, increase efficiencies, and decrease expenses. In doing so, he assisted in the creation and preservation of more than 3,000 jobs in Nevada.