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Home > QFINANCE Dictionary > Definition of cafeteria plan

Definition of

cafeteria plan

HR & Personnel

US employee benefit plan allowing choice of benefits in the United States, an employee benefit plan that allows employees to select a number of benefits such as contributions to a retirement plan, insurance, or cash to pay for medical expenses not covered by insurance, all or some of which may be exempt from payroll tax.

Related definitions of "cafeteria plan"

Definitions of ’cafeteria plan’ and meaning of ’cafeteria plan’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’cafeteria plan’ and other financial terms with our online QFINANCE Financial Dictionary.

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