A cafeteria plan is something that companies put into place to give employees options for different benefits. It is a kind of - pick the benefits you want from the ones that are available. There might be several different healthcare plans, childcare, 401K or investing, health savings accounts, etc. It's a less expensive way for companies to offer various benefits.
Sounds like another name for the "plans" for college students to eat the typically bland, questionable or even unhealthy food on campus
Cafeteria Plans are a type of employee benefit plan that includes multiple options from which an employee can choose. Very often, the cafeteria plan includes optional dental coverage, AFLAC, a Flex Account, and other benefits that an employee can take or leave at their option. Typically, these optional benefits are paid entirely by the employee with no employer contribution. Under the ACA, health plans are very likely provided outside the cafeteria plan. Also, any qualified retirement program like 401(k) or other similar programs in which the employer provides some funds are likely to be offered outside the cafeteria plan.
by Tim Mitchell2 years ago
What is the difference between a cafeteria and buffet?
by mpchekuri8 years ago
Retaining worthy employees in an organization is becoming more complicated day by day.
Copyright © 2018 HubPages Inc. and respective owners.
Other product and company names shown may be trademarks of their respective owners.
HubPages® is a registered Service Mark of HubPages, Inc.