A convenient way for Virginians to save for retirement.
Help Your Employees Thrive
Registration deadlines
RetirePath is mandatory for certain Virginia employers. Complete this quiz to understand if your business is required to register and facilitate RetirePath.
RetirePath sends a series of notifications to eligible employers when it’s time to register. For businesses eligible in 2023 and 2024, the registration deadline has passed.
Non-compliant employers are subject to enforcement action, which may include financial penalties. Take action today!
Get started
Eligible employers receive a notification and Access Code when it’s time to register. Look up your Access Code.
Already offer a plan?
If you received a notification and your business is not eligible, certify your exemption.
RetirePath for Employers
Simple solution for Virginia businesses
RetirePath was created by Virginia state law to expand access to retirement savings. It’s designed for businesses that don’t have the time, money or resources to offer their own employer-sponsored retirement plan.
State law requires Virginia employers to register and facilitate RetirePath if the following criteria apply:
25 or more eligible employees1
Operating for two or more years, and
Does not offer a qualified, employer-sponsored retirement plan
Employer Eligibility Quiz
Find out if a Virginia business is eligible for RetirePath.
Designed for your business, and your employees
Easy to administer
Simple employer registration with minimal ongoing responsibilities. Integrates with any payroll process.
Fee-free for employers
No employer fees or fiduciary responsibilities. Employers cannot contribute or match employee contributions.
Ongoing support
Employees receive information directly from RetirePath, so you can focus on running your business.
Employer’s role in three steps
Running your business is your top priority. That’s why RetirePath makes it as simple as possible to register and facilitate the program. Follow these three steps.
Register
Eligible employers are notified when registration is available. You’ll need your Employer Identification Number (EIN) and unique RetirePath Access Code.
Set up payroll
Upload payroll information and submit your employees’ contributions. You can invite a payroll representative to help facilitate this process.
Update
Keep your employee records up to date. Submit payroll details each pay period.
Note: Employers are not responsible for answering questions about the program, managing investments, processing distributions, or giving advice. Employees maintain their account through RetirePath.
RetirePath Virginia can work for you
Retirement savings programs can help attract and retain employees, increase productivity, and reduce employee stress.2
Employer resources
When it’s time to register your business, find self-guided resources.
1. Eligible employees are 18 or older, receiving wages, and employed at least 30 hours for any portion of a week in the preceding 12 months.
2. Craig Copeland, “2020 EBRI Financial Wellbeing Employer Survey: COVID-19 Driving Benefit Offerings and Potentially Forcing Tough Budget Decisions,” EBRI Issue Brief, no. 515 (Employee Benefit Research Institute, October 22, 2020.)