---
kind: "section"
citation: "29 C.F.R. § 549.3"
title: "29"
number: "549.3"
heading: "Distinction between plan and trust."
url: "https://uscodex.org/cfr/29/549.3"
---

# §549.3. Distinction between plan and trust.


As used in this part:

- (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;
- (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.

## Notes

### Authority

Authority: Sec. 7, 52 Stat. 1063, as amended; 29 U.S.C. 207.

### Source

Source: 18 FR 3292, June 10, 1953, unless otherwise noted.