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Flexible benefit plans, also known as cafeteria plans, are employee benefit plans that allow employers to offer their employees a wide variety of employee benefit programs. In the typical plan, each employee can select from a number of benefits including medical reimbursement, dental, optical, or child care. In some cases, participating employees can make contributions to the plan that are tax-deferred. These plans also allow for employer contributions.
A flexible benefit plan is another great tool to use economies of scale to provide great benefits to your employees at reasonable costs. Programs like these go a long way to attract and retain quality employees, as well as providing great tax benefits to the company.
Our employee benefit planning attorneys can help you select a plan that is suitable for your company. Once you've selected your plan, we can design, implement and administer a customized plan.
If you would like to learn more about the advantages of a flexible benefit plan, please call (517) 787-9481, email firstname.lastname@example.org, or complete our online contact form to set up a free, informational meeting with our employee benefit professionals.
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