### Question
How does QUALIFIED PENSION, ETC., PLANS define employer securities?


### Answer
Under *26 U.S.C. § 4978*, **employer securities** is defined as:

> 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**

