It Is Possible to Have a Qualified Section 125 Cafeteria

question 22

True/False

It is possible to have a qualified Section 125 cafeteria plan for managers only.(Cafeteria Plans under Section 125)

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Definitions:

Firms

Businesses or organizations engaged in commercial, industrial, or professional activities.

Software

Software refers to a collection of data or computer instructions that tell the computer how to work. This is in contrast to physical hardware, from which the system is built and actually performs the work.

Instructions

Directions or commands that are given to a computer or program to perform specific operations or tasks.

Hardware

The physical components or parts of a computer system, such as the CPU, RAM, hard drives, and peripherals.