Ch 5: Employer Benefit & Contribution Plans

About This Chapter

Simplify the process of studying for a test that assesses your knowledge of employer benefit and contribution plans. Our engaging lessons and multiple-choice quizzes can boost your knowledge of these plans in a short period of time.

Employer Benefit & Contribution Plans - Chapter Summary

Our instructors have created entertaining lessons you can review any time to improve your comprehension of employer benefit and contribution plans. Gain greater insight into retirement compensation systems, flexible spending accounts, cafeteria plans and more using this chapter. In no time, you will be ready to do the following:

  • Describe 401(k) and pension plans
  • Define employer contribution as it relates to benefits, payroll and compensation
  • Differentiate between qualified and non-qualified deferred compensation plans
  • Exhibit knowledge of insurance and flexible benefits for employees
  • Explain the eligibility of flexible spending accounts
  • Provide an overview of the Affordable Health Care Act
  • Discuss the tax implications and regulations associated with cafeteria plans

This chapter enables you to study employer benefit and contribution plans your way. Choose the lessons you want to review, navigate them in any sequence, and visit them as many times as needed. Before, during or after studying the lessons, feel free to test your knowledge of their contents by taking the accompanying mini quizzes. Access these lessons whenever and wherever your schedule allows by enjoying 24/7 accessibility via any computer, smartphone or tablet.

8 Lessons in Chapter 5: Employer Benefit & Contribution Plans
Test your knowledge with a 30-question chapter practice test
Retirement Compensation Systems: 401(k) and Pensions

1. Retirement Compensation Systems: 401(k) and Pensions

One of the most valuable benefits an employer may offer to employees are employer-sponsored retirement plans. In this lesson, you'll learn about two common retirement benefits: 401(k) plans and traditional pensions. A short quiz follows.

Employer Contribution in Benefits, Payroll & Compensation

2. Employer Contribution in Benefits, Payroll & Compensation

In this lesson, learn about the various types of employer contributions towards benefit plans, payroll taxes, and employee compensation while exploring the common types of plans most employers contribute towards. We will also detail different tax relief incentives offered to employers currently participating in such programs.

Qualified Deferred Compensation Plans

3. Qualified Deferred Compensation Plans

Many people have heard of 401k plans. But what are they and how are they taxed? In this lesson, we'll examine qualified deferred compensation plans, including what they are and how they are taxed.

Nonqualified Deferred Compensation: Definition & Types

4. Nonqualified Deferred Compensation: Definition & Types

Most deferred compensation plans have contribution limits set by the government, but for high-earning employees, nonqualified deferred compensation plans offer a chance to save more. Read this lesson for more on nonqualified deferred compensation.

Insurance & Flexible Benefits for Employees

5. Insurance & Flexible Benefits for Employees

Employee benefits, such as insurance and flexible spending accounts, offer a valuable incentive for employees to join and stay with a company. In this lesson, we'll explore a few common types of benefits and how they work.

Flexible Spending Accounts: Definition & Eligibility

6. Flexible Spending Accounts: Definition & Eligibility

Flexible spending accounts offer a valuable tax break on healthcare expenses. However, it helps to be aware of the rules about these accounts and what expenses are eligible for this tax treatment.

Affordable Health Care Act: Description, Overview & Relevance to HR Management

7. Affordable Health Care Act: Description, Overview & Relevance to HR Management

One of the newest federal laws facing employers today is the Affordable Care Act. In this lesson, you'll be provided an overview of the Affordable Care Act and its relevance to human resource management. A short quiz follows.

Cafeteria Plans: Taxes & Regulations

8. Cafeteria Plans: Taxes & Regulations

Cafeteria plans are a means for employers to provide benefits to employees in a way that the employee receives favorable tax treatment for the benefits they buy through the plan.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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