For Cafeteria Plan we have terms and definitions in 7 topics. The topics are Accounting, Accounting Terms, Dental Benefits, Employee Benefits, Health Care, Homeowners Insurance and Organizational Capacity.

Cafeteria Plan (Accounting)

A benefit plan maintained by an employer for the benefit of the employees under which each participant has the opportunity to select the benefits they desire. Certain minimum choices and nondiscriminatory rules apply.

Cafeteria Plan (Accounting Terms)

A benefit plan maintained by an employer for the benefit of the employees under which each participant has the opportunity to select the benefits they desire. Certain minimum choices and nondiscriminatory rules apply.

Cafeteria Plan (Dental Benefits)

A benefit program in which you are given a certain amount (in dollars or points) to be used toward your choice of benefits. You then select (cafeteria style) which benefits you would like from a list provided by your employer. Also known as "flexible benefits."

Cafeteria Plan (Employee Benefits)

A plan in which participants may choose among two or more benefits containing taxable or nontaxable compensation elements, i.e. cash or “qualified benefits.” Participants may choose qualified benefits by electing not to receive taxable cash compensation or currently taxable benefits treated as cash.

Cafeteria Plan (Health Care)

Flexible benefit plan under which the employer provides a range of taxable and nontaxable benefits options from which each eligible employee can make a limited number of selections. Options that may be available to employees through these plans include life insurance, health programs, retirement plans, vacation time, and stock options. Nontaxable benefits can include group term life insurance up to a specified amount of coverage, disability benefits, accident and health benefits, and group legal services to the extent that such benefits are excludable from gross income. A cafeteria plan that includes taxable and nontaxable benefits must meet certain requirements under the Internal Revenue Code. The term "Cafeteria Plan" may also describe a health benefit program that allows employees to select among various cost, coverage, or provider options.

Cafeteria Plan (Homeowners Insurance)

This refers to a flexible benefit plan offered by many employers. The plan gives workers the opportunity to design their own benefit plan by chosing from a "menu" of options, which may include life insurance, disability insurance, dental care and more.

Cafeteria Plan (Organizational Capacity)

A list of benefits from which an employee can choose. Typically employees work with a predetermined amount of money. See also:Flexible Compensation System

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