Agives all employees a minimum level of benefits and a set amount to spend on flexible benefits, such as additional healthcare or vacation time.

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The description given is that of a cafeteria benefits plan, where employees are given a minimum level of benefits and a set amount to spend on additional benefits of their choice. Option A, fixed benefits plan, would provide a set package of benefits with no choice or flexibility. Option C, 401k, is a retirement savings plan and does not involve additional benefits such as healthcare or vacation time. Option D, golden parachute, is a compensation package offered to top executives in the event of their termination due to a company merger or acquisition. Option E, profit-sharing, involves sharing company profits with employees and does not involve providing benefits.

Agives All Employees a Minimum Level of Benefits and a Set