Nancy's employer provides an interesting employee benefit plan.Each employee is given 250 employee benefit credits to spend.A wide array of benefits are 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)

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This type of employee benefit plan is a cafeteria plan, as it allows the employee to select from a variety of benefits using a set amount of benefit credits. A defined benefit plan is a type of retirement plan where the employer guarantees a certain retirement benefit based on factors such as salary and years of service. An employee selection plan and contributory plan are not commonly recognized terms for employee benefit plans.

Nancy's Employer Provides an Interesting Employee Benefit Plan