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:

Sales Over the Internet

The process of buying and selling goods or services through online platforms or websites.

Child Custody

The legal determination of which parent or guardian has the right to make decisions for a minor child and where the child will live.

Binding Arbitration

A dispute resolution process where an arbitrator's decision is final and legally enforceable, limiting parties' ability to seek court intervention.

Nonbinding Arbitration

An arbitration process in which the arbitrator's decision is not legally enforceable unless both parties agree to it.