### Question
Can you define what applicable employer means?


### Answer
**Applicable employer** is defined as the following in *26 U.S.C. § 412*:

> an employer which is—


(i) a commercial passenger airline,


(ii) primarily engaged in the production or manufacture of a steel mill product or the processing of iron ore pellets, or


(iii) an organization described in section 501(c)(5) and which established the plan to which this paragraph applies on June 30, 1955

#### Citation:
  - *26 U.S.C. § 412*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter D-Deferred Compensation, Etc. > PART I-PENSION, PROFIT-SHARING, STOCK BONUS PLANS, ETC. > Subpart B-Special Rules**

