Which of the Following Statements Is True About Cafeteria Plans

question 17

Multiple Choice

Which of the following statements is true about cafeteria plans?

• A)Modular cafeteria plans are more flexible than the core plus cafeteria plans.
• B)Long-term care is included in cafeteria plans, while a 401(k) plan is excluded.
• C)If there are not enough credits, the employee can pay the additional cost through payroll deduction on a pretax basis using a modular conversion plan.
• D)The flexible spending account is part of a cafeteria plan.
• E)A core plus cafeteria plan requires less administrative cost than a modular cafeteria plan.

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Definitions:

Decision Maker's Interpretation

The process by which an individual who is responsible for making decisions perceives and understands information relevant to decision making.

Concentration Of Effect

A concept where actions or interventions are focused in a particular area or aspect to achieve significant impact or results.

Distributive Justice

The perceived fairness of the distribution of resources, benefits, and burdens within a society or group.

Equitably

In a fair and impartial manner, ensuring justice or equality.