cafeteria plan

noun
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.


Origin:
1985–90

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To cafeteria plan
Dictionary.com'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
Dictionary.com's 21st Century Lexicon
Copyright © 2003-2014 Dictionary.com, LLC
Cite This Source
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.
Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature