Nancy’s employer provides an interesting employee benefit plan. Each e

Nancy’s employer provides an interesting employee benefit plan. Each employee is given 250 employee benefit credits to spend.

A wide array of benefits is available, and the employee uses benefit credits to select the benefits that he or she wants. This type of employee benefit plan is called a(n)
A) defined benefit plan.
B) cafeteria plan.
C) employee selection plan.
D) contributory plan.

ANSWER

Answer: B