Noncommercially insured retirement plan

{
  "id": "MLC-T-ECS-001275",
  "term": "Noncommercially insured retirement plan",
  "field": "Economic statistics",
  "definition": "Plan requiring an employer to have liquid assets corresponding to the projected liability.\n\nNote: These plans must be registered with the Department of Labor and are guaranteed by the Employee Retirement Income Security Act (ERISA). The employer assumes all risks and expenses of providing the benefit. Liquid assets include cash and assets that are easily convertible to cash.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/noncommercially-insured-retirement-plan/"
}