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Cafeteria Plan |
Also found in: Medical, Wikipedia | 0.58 sec. |
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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.How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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