flexible benefit plan

Definition

A benefits plan that allows employees to select from a pool of choices, some or all of which may be tax-advantaged. Potential choices include cash, retirement plan contributions, vacation days, and insurance. also called cafeteria plan.

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You should try and offer a good flexible benefit plan that will make your job offers look better to new employees.

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The flexible benefit plan gave the employee the best options considering their requirements to maintain some decision making power regarding the portfolio.

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Employees are invited to participate in a flexible benefit plan to help them pay for non-covered medical expenses as a part of Blue Steel's employee benefit plan.

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