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


### Answer
The term **publicly traded employer securities** is defined in *29 U.S.C. § 1054* as follows -

> employer securities which are readily tradable on an established securities market

#### 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**

