{"data":{"id":"us/29-cfr-549.3","jurisdiction":"us","citation":"29 CFR 549.3","heading":"Distinction between plan and trust.","body":"As used in this part:\n(a) Profit-sharing plan means any such program or arrangement as qualifies hereunder which provides for the distribution by the employer to his employees of their respective shares of profits;\n(b) Profit-sharing trust means any such program or arrangement as qualifies under this part which provides for the irrevocable deposit by the employer of his employees' distributive shares of profits with a trustee for deferred distribution to such employees of their respective shares.","path":["Title 29—Labor","Subtitle B—Regulations Relating to Labor","CHAPTER V—WAGE AND HOUR DIVISION, DEPARTMENT OF LABOR","SUBCHAPTER A—REGULATIONS","PART 549—REQUIREMENTS OF A “BONA FIDE PROFIT-SHARING PLAN OR TRUST”"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-29.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:20Z","sha256":"c57782136164f9dfb897c9ca54ae23e92de38b36cef6ca261afbd0a20f32fcbf","source_id":"us-cfr","stale":true,"prev":"us/29-cfr-549.2","next":"us/29-cfr-550.1"},"notice":"GroundRules: Original legal text. Not legal advice."}