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cafeteria plan

   Also found in: Financial, Wikipedia 0.06 sec.
cafeteria plan,
n an employee benefits plan in which employees select their medical insurance coverage and other nontaxable fringe benefits from a list of options provided by the employer.

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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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