The benefits plan that allows employees to choose the benefits most meaningful to them while staying within a predetermined dollar amount, is called a Cafeteria benefits plan.
They are plans made by the employer for an employee, where an employee can choose which benefit they need to satisfy themselves. These plans are more complex and time-consuming.
It shaves off an individual's tax liability, flexible. The employees can choose the benefits of their choice before payroll taxes are calculated from a pool of options offered by their employers.
These plans become more when employees seek more personalized benefits that are tailored to their needs.
To know more about the Cafeteria benefits plan,
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