RICHMOND, Va – Virginians have a new way to save at work. Created by state law, RetirePath Virginia is designed to help close the retirement savings gap and improve the financial security of more Virginians. Workers can save through a participating employer or enroll independently.

Starting this week, 8,700 Virginia businesses will receive a notice to register for RetirePath. These emails and letters include all the steps necessary to complete registration, and Virginia law will require eligible employers to register and facilitate RetirePath or offer their own qualified retirement plan.

Laura Bethea, the Business Manager at River City Tattoo in Richmond, stated in a press release the program is important to her business and will allow employees to actually have a career with a sustainable future.

RetirePath will give eligible employers a simple way to help their employees save for the future, with no employer fees, no fiduciary responsibility and minimal administrative requirements.