cafeteria benefits plan

(redirected from Flexible Benefits Plan)

cafeteria benefits plan

(1) A type of plan in which employees tailor their benefits—e.g., health insurance, disability insurance, retirement/pension scheme, death benefits—to meet specific needs.
(2) An indirect compensation plan where a person chooses the benefits that he or she may recieve up to a particular monetary limit, over and above a common core-benefits package.
Mentioned in ?
References in periodicals archive ?
Tenders are invited for section 125 flexible benefits plan administrator.
In the most comprehensive change to the TAPPI Sustaining Member program since its inception more than 75 years ago, the TAPPI Board of Directors has approved a new flexible benefits plan for TAPPI Sustaining Members.
If the medical FSA is part of a non-125 flexible benefits plan, the employer keeps the gain.
A flexible benefits plan may consist of a core of key benefits that are provided for all employees and a menu or a listing of alternative benefits plans from which the employee may select.
The consultant's initial assignment was to resolve any ongoing system, contractual, and procedural issues related to MARTA's outsourcing of its flexible benefits plan administration.
Look at your flexible benefits plan - or cafeteria plan - at work, if you have one.
Some companies offer a full-choice flexible benefits plan that utilizes a combination of these benefits; others choose to implement a plan offering a few options such as health care and reimbursement accounts.
In 1978 American Can introduced a flexible benefits plan that gave employees a high degree of choice; worker satisfaction with benefits is much higher than the national average.
Reimbursement accounts, which may be part of a flexible benefits plan or provided independently, allow employees to set aside pretax dollars to pay for particular benefits.
Contain costs - There's no doubt that you can design a flexible benefits plan to increase your costs, decrease your costs, or keep your costs level.
This can be accomplished by implementing a flexible benefits plan (FBP).
Of those who do, more than half offer dependent care spending accounts through a flexible benefits plan, 750 sponsor child-care centers, and 80 offer child-care information or referral services.

Full browser ?