### Question
How does participation and vesting define applicable individual account plan?


### Answer
Under *29 U.S.C. § 1054*, **applicable individual account plan** is defined as:

> any individual account plan (as defined in section 1002(34) of this title) which holds any publicly traded employer securities

#### Citation:
  - *29 U.S.C. § 1054*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 2-participation and vesting**

