Human Interest vs RetirePath Virginia: how do they compare?

The RetirePath Virginia program is a state-sponsored retirement savings program that increases access to affordable retirement savings for private-sector workers. Businesses with 25+ employees who have been in business for more than two years are required to provide a qualified retirement plan or enroll employees into the RetirePath Virginia program.

A state-sponsored program like RetirePath Virginia is a retirement option, but it lacks the flexibility and control businesses expect. The RetirePath Virginia program will be an IRA, which has a much lower contribution limit compared to a 401(k), impacting the overall growth potential of your plan.