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Cafeteria Plan |
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Cafeteria Plan An employee benefit plan that allows staff to choose from a variety of benefits to formulate a plan that best suits their needs. Also known as "cafeteria employee benefit plan" or "flexible benefit plan". Notes: Similar to a cafeteria where individuals select their food of choice, employees may choose benefits of their choice. Plan options include health and accident insurance, cash benefits, tax advantages and/or retirement plan contributions. |
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About 65% of revenues come from health and welfare plan services, 30% from retirement plan design, consulting and administration and 5% from payroll services and cafeteria plan administration. The district will phase in portions of the so-called healthy cafeteria plan, including reducing sodium, fat and sugar levels in foods, eliminating trans fats and using more whole grains. The IRS has allowed employers a great deal of flexibility in how they fired their employees' HSA accounts if a cafeteria plan is used. |
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Cafeteria Plan
