cafeteria benefits plan

  • 1 cafeteria plan — cafeˈteria ˌplan noun [countable] HUMAN RESOURCES a system in which an employee can choose which Benefits they receive from a company, for example medical insurance or child care, up to a certain total amount of money * * * cafeteria plan UK US… …

    Financial and business terms

  • 2 cafeteria plan — n. A fringe benefit plan that allows employees to choose from a range of benefits, selecting them according to individual needs. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… …

    Law dictionary

  • 3 Cafeteria plan — A cafeteria plan is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. Its name comes from the earliest such plans that allowed employees to choose between different types of… …

    Wikipedia

  • 4 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. Cafeteria plan options may include health and accident insurance, cash benefits, tax advantages and/or retirement… …

    Investment dictionary

  • 5 cafeteria plan —  Benefit package that allows employee choice.  ► “Since image is everything these days, someone came up with the idea of using the term ‘cafeteria plan’ to describe a new way to sell employees on a substantially reduced benefits program.”… …

    American business jargon

  • 6 cafeteria plan — Type of fringe benefit plan whereby employee, in addition to receiving certain basic fringe benefits, is permitted to also select and structure certain other types of benefits up to a specified dollar amount …

    Black's law dictionary

  • 7 cafeteria plan — cafeter′ia plan n. a fringe benefit plan under which employees may choose from among various benefits those that best fit their needs up to a specified dollar value • Etymology: 1985–90 …

    From formal English to slang

  • 8 cafeteria plan — In the USA, an agreement that permits employees to select a fringe benefit from a variety of such benefits (including cash); under the tax code, the benefit is not included in the gross income of the participants solely because the participants… …

    Accounting dictionary

  • 9 cafeteria plan — In the USA, an agreement that permits employees to select a fringe benefit from a variety of such benefits (including cash); under the tax code, the benefit is not included in the gross income of the participants solely because the participants… …

    Big dictionary of business and management

  • 10 cafeteria plan — a fringe benefit plan under which employees may choose from among various benefits those that best fit their needs up to a specified dollar value. [1985 90] * * * …

    Universalium

  • 11 cafeteria plan — a fringe benefit plan under which employees may choose from among various benefits those that best fit their needs up to a specified dollar value. [1985 90] …

    Useful english dictionary

  • 12 fringe benefits — HR rewards given or offered to employees in addition to their wages or salaries and included in the contract of employment. Fringe benefits range from share options, company cars, expense accounts, cheap loans, medical insurance, and other types… …

    The ultimate business dictionary

  • 13 Private Health Services Plan — A Private Health Services Plan (PHSP) is a tax free vehicle for financing the healthcare costs of employees. They were introduced in 1989 by Canada Revenue Agency (CRA) in their interpretation bulletin entitled IT 339R2. [IT 339R2 Meaning of… …

    Wikipedia

  • 14 flexible benefit plan — UK US noun [C] (also cafeteria plan) ► HR an arrangement offered by employers in which employees are allowed to choose among benefits such as life insurance, childcare, or extra holidays, in addition to their basic pay: »Introducing a flexible… …

    Financial and business terms

  • 15 employee welfare benefit plan — USA A plan, fund or program established or maintained by an employer or an employee organization or both. The purpose of an employee welfare benefit plan is to provide non retirement oriented benefits, through insurance or otherwise, such as: •… …

    Law dictionary

  • 16 IRS Publication 15-B - Employer's Tax Guide to Fringe Benefits — A document published by the Internal Revenue Service that provides employers with guidance on how to account for fringe benefits when filing tax documents. Fringe benefits are non cash benefits provided to persons who perform services to a… …

    Investment dictionary

  • 17 fringe benefits — Side, non wage benefits which accompany or are in addition to a person s employment such as paid insurance, recreational facilities, sick leave, profit sharing plans, paid holidays and vacations, etc. Such benefits are in addition to regular… …

    Black's law dictionary

  • 18 flexible benefits — n. An employee benefits program that allows employees to choose from a range of possible benefits to create personalized benefits packages. See also cafeteria plan The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc.… …

    Law dictionary

  • 19 Flexible spending account — A flexible spending arrangement (FSA), or Flexible Spending Account, as they are commonly called, is one of a number of tax advantaged financial accounts that can be set up through a cafeteria plan of an employer in the United States. An FSA… …

    Wikipedia

  • 20 Health and Welfare Trust — A Health Welfare Trust (HWT) is a tax free vehicle for financing a corporation s healthcare costs for their employees. They were introduced in 1986 by Canada Revenue Agency (CRA) in their interpretation bulletin entitled IT 85R2. Few companies… …

    Wikipedia

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