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Cafeteria Plans

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in Human Resources

A cafeteria plan is a written plan that allows employees to choose among two or more benefits consisting of taxable cash and specific non-taxable, qualified benefits. A cafeteria plan enables employees to make pre-tax contributions for health benefits and dependent care assistance. Payroll executes this withholding. Whether benefits provided through a cafeteria plan are or aren't taxable depends on whether they are taxable outside the cafeteria plan.

Among the specific benefits a cafeteria plan may offer are: 401(k) plans; health benefits, including flexible spending accounts (FSAs) and health savings accounts (HSAs); adoption assistance; dependent care assistance, including dependent care FSAs; and group-term life insurance, including costs that are includable in wages. Benefits that can't be offered through a cafeteria plan include: athletic facilities; de minimis fringe benefits; educational assistance; ...(register to read more)

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