### Question
How is the "employer securities" defined?


### Answer
The term **employer securities** is defined in *26 U.S.C. § 4978* as follows -

> given to such term by section 409(l).

#### Citation:
  - *26 U.S.C. § 4978*
  - Heading: **Subtitle D-Miscellaneous Excise Taxes > CHAPTER 43-QUALIFIED PENSION, ETC., PLANS**

