Sec.2 - Ch.10: Other Employee Benefits Flashcards
1
Q
What are Cafeteria Plans and what can they offer to a employee? What can they NOT offer?
A
They allow employees to choose the form of employee benefits they want from a “cafeteria” of benefits provided by the employer
- They can offer a cash benefit, group term life insurance, accident and health benefits, or a 401(k)
- They can not offer a Non-qualified deferred compensation option
2
Q
What are Flexible Spending Accounts?
A
