What type of plan ensures employees can select their desired benefits?

A Cafeteria Plan is designed to allow employees the flexibility to choose the benefits that best meet their individual needs from a menu of options. This type of plan recognizes that employees have diverse preferences and life circumstances, enabling them to tailor their benefits package accordingly. It typically includes a range of options such as health insurance, dental insurance, life insurance, and other perks, so employees can pick and choose based on what is most important to them.

This flexibility is beneficial for both employees and employers. Employees gain a sense of ownership and satisfaction over their benefits, while employers can create a more appealing benefits package that may attract and retain talent. While a Flexible Benefit Plan also provides some level of choice, the term "Cafeteria Plan" specifically implies a broader range of options that employees can mix and match.