RetirePath Virginia is a basic, one-size-fits-all retirement savings program for businesses that do not wish to sponsor a plan for their own employees. RetirePath is mandatory for certain Virginia employers.Complete this quiz to understand if your business is required to register and facilitate RetirePath. All forms are fillable and ready for download and printing. Does not offer a qualified, employer-sponsored retirement plan. Employer Eligibility Quiz. Will receive retirement benefits through your participation in the Plan. What sort of materials do employees need to fill out? ERISA is a federal law that establishes certain standards for retirement plans in the private industry. University of Virginia offers this plan as part of workplace benefits.