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.
Also called cafeteria benefit plan.

1985–90 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To cafeteria plan's 21st Century Lexicon
Main Entry:  cafeteria plan
Part of Speech:  n
Definition:  an employee benefit plan that allows employees to choices (as in a cafeteria) involving health insurance and retirement plans, etc., that best meet their needs; also called flexible benefit plan's 21st Century Lexicon
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Example sentences
Cafeteria plan with no salary reduction, voluntary employee contribution.
Review of cafeteria plan with flexible spending arrangement.
Deferrals even under a cafeteria plan are always taxable.
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