An employee benefit plan that allows staff to choose from a variety of benefits to formulate a plan that best suits their needs. Cafeteria plan options may include health and accident insurance, cash benefits, tax advantages and/or retirement plan contributions.
Read more: Cafeteria Plan Definition | Investopedia http://www.investopedia.com/terms/c/cafeteriaplan.asp#ixzz3pNpNSOdK
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