A flexible benefit plan allows an employee to allocate a predetermined amount of benefit dollars to various categories of benefits to design a benefit mix that best fits that employee's needs.

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A flexible benefit plan, also known as a cafeteria plan, allows employees to choose from a menu of benefits and allocate a predetermined amount of benefit dollars to various categories of benefits, such as health insurance, retirement plans, and dependent care, to design a benefit mix that best fits their unique needs.

A Flexible Benefit Plan Allows an Employee to Allocate a Predetermined