Flexible Benefit Plans

A Flexible Benefit Plan, also known as a cafeteria plan, allows employees to choose from a variety of benefit options aligned with their needs, such as health insurance, dental coverage, retirement contributions, or wellness programs. Instead of a fixed benefits package, employees can tailor their benefits, often using pre-tax dollars to save on taxes. This approach increases personal flexibility and satisfaction, helping employees optimize their benefits based on individual circumstances while giving employers control over benefit costs.