RetirePath Virginia is mandatory for certain Virginia for-profit and non-profit employers. Businesses are required to register and facilitate RetirePath if the following criteria apply:
- The business has 5 or more eligible employees,
- The business has been operating for two or more years at the time of enrollment, and
- The business does not offer a qualified, employer-sponsored retirement savings plan.
Eligible employees are 18 or older and receiving wages. Employers may exclude temporary or seasonal employees who work less than 90 days a year.
Complete this quiz to understand if your business is required to register and facilitate RetirePath.