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A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest versions of such plans, which allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria.
A cafeteria plan - also known as a Section 125 plan, after the portion of the IRS code that regulates the plans - lets employees redirect part of their salaries and wages to pay for certain benefits.
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This coverage period is usually defined as the "period that you are covered" under the cafeteria plan during the "plan year." The "plan year" is commonly defined as the calendar year, but could also include the grace period of Jan 1 – March 15 of the following year.
The main cafeteria is usually where most of the meal plan is used but smaller cafeterias, cafés, restaurants, bars, or even fast food chains located on campus, on nearby streets, or in the surrounding town or city may accept meal plans. A college cafeteria system often has a virtual monopoly on the students due to an isolated location or a ...
They had other developmental plans inside the factory, including a on-site gym, a health clinic, a child-care center with child-size club chairs and denim sofas, and a personal chef to make seared salmon with mango salsa in the employee cafeteria. [1]
Cafeteria, a type of food service location within an institution in which there is little or no waiting staff table service; A complete set of cutlery comprising knives, forks, and spoons, usually sufficient for several place-settings at a meal; An archaic use was to describe a sutler's shop, where provisions were sold to the military.
Manning's Cafeterias was a chain of about 40 cafeteria-style restaurants in nine western U.S. states. The chain started in Seattle 's Pike Place Market in 1908; that location became Lowell's in 1957 and is still in operation.