Question

Merrill works for a large architectural firm that employs many different types of employees.As a result, her company provides a financial amount to employees so they can select the specific benefits that fit their needs.This company uses

Answer 1

a flexible benefits program, also known as a cafeteria plan or a flexible spending account. This allows employees like Merrill to choose from a variety of benefits such as health insurance, dental coverage, retirement savings plans, and more, based on their individual needs and preferences. By offering this flexibility, the company aims to meet the diverse needs of its workforce and ensure that employees have access to the benefits that are most important to them.