Virginia has created a new, state-facilitated, retirement account savings program called Retirepath Virginia to expand access to retirement savings for Virginians. This is an automatic-enrollment program that is mandatory for certain Virginia for-profit and non-profit employers; and is based on criteria set by the state. By February 15, 2024, businesses who meet the criteria are required to enroll.
See the Retirepath Virginia link below for general FAQ’s, employer criteria, and individual savers information.
Please contact us in our Leesburg office at 703-771-1818 or Warrenton office at 540-347-5681 if you would like to discuss further.