Virginia Legislation Expands RetirePath Program

Beginning July 1, 2026, Virginia businesses are required to register and facilitate RetirePath if they have five or more employees, have operated for at least two years, and do not offer a qualified employer‑sponsored retirement plan.

The new state law lowers the eligible employer threshold from employers with 25 employees to five employees and includes part-time workers, allowing more small businesses and workers to participate starting in 2026.

Approximately 35,000 eligible Virginia businesses will receive an initial notice outlining the requirement to either register for RetirePath or offer their own qualified retirement plan. Each email or letter will include a unique access code, a deadline, and step-by-step instructions.

Steps You Will Need To Take 

We ask that you provide this notice to us as soon as you receive it so we can register on your behalf. Additionally, we may seek your assistance in collecting any missing employee information such as:

1. Full name

2. Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)

3. Date of birth

4. Current mailing address

5. Primary email address

Non-compliance penalties

• $20 per employee per year (July 2026 – June 2027)

• $50 per employee per year (July 2027 – June 2028)

• $100 per employee per year (July 2028 onward)

 For more information about RetirePath Virginia, visit RetirePathVA.com