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The Complete Idiot's Guide® To Accounting by Lita Epstein, Shellie L. Moore

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Using Cafeteria Plans

Nope, we’re not talking about offering a lunch spot. Some benefits plans are called cafeteria plans. These types of plans allow your employees to choose among various benefits, depending on which ones fill their specific needs. The plan must include at least one taxable benefit, such as cash, and at least one nontaxable benefit, such as health insurance.
A cafeteria plan can include accident and health benefits, adoption assistance, group term life insurance, accidental death insurance, disability insurance, and a qualified retirement plan. Cafeteria plans cannot include medical savings accounts, athletic facilities, De Minimis benefits, educational assistance, employee discounts, lodging on your business premises, meals, ...

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