Explain the components of a flexible or cafeteria benefit plan. Discuss the hurdles that must be overcome before such plans will achieve greater acceptance and use. Explain the impact that the Revenue Act of 1978 has on these plans. Include examples and whether you believe these plans are effective or ineffective and why.
Your response should be at least 300 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.