A fringe benefits plan that allows employees to choose the benefits they want up to a certain dollar amount is known as a soft benefit plan.

Question

Quizplus · Accepted Answer

A fringe benefits plan that allows employees to choose the benefits they want up to a certain dollar amount is known as a "cafeteria plan" or "flexible benefits plan," not a soft benefit plan. Soft benefits typically refer to non-monetary or indirectly monetary perks such as flexible working hours, casual dress code, or company culture.

A Fringe Benefits Plan That Allows Employees to Choose the Benefits