Savings plan with no employer contributions

{
  "id": "MLC-T-ECS-001738",
  "term": "Savings plan with no employer contributions",
  "field": "Economic statistics",
  "definition": "Cash or deferred arrangement plan used to fund savings and retirement plans authorized by the Internal Revenue service (IRS) Code.\n\nNote: This type of plan is authorized by section 401(k), 403(b), or 457 of the IRS code. Employees’ contributions can be pre- and/or posttax. Plans of this type are generally outside the scope of what is reported by the NCS.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/savings-plan-with-no-employer-contributions/"
}