StacksVerified U.S. regulatory reference

29 CFR §549.3

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
As used in this part:
  1. (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;
  2. (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.