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fringe benefit
(redirected from Employee benefit)

    Also found in: Medical, Legal, Financial, Wikipedia, Hutchinson 0.07 sec.

fringe benefit

Any nonwage payment or benefit granted to employees by employers. Examples include pension plans, profit-sharing programs, vacation pay, and company-paid life, health, and unemployment insurance. Employers' payments for fringe benefits are included in employee-compensation costs and therefore are not usually taxed. If the cost of fringe benefits were paid directly as wages, the worker would pay taxes on this amount and therefore have less to spend when purchasing equivalent benefits independently.
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? Mentioned in ? References in periodicals archive
 
Employee Benefit Plans: 2006/2007 Audit and Accounting Risk Update and Alert (No.
Employee Benefit Plans: 2006/2007 Audit and Accounting Risk Update ... by CPA Letter
The AICPA Employee Benefit Plan Audit Quality Center has issued a tool to assist plan sponsors and others in hiring auditors for their employee benefit plans.
Guidance on hiring plan auditors by California CPA
The Institute and the Department of Labor's Employee Benefit Security Administration (EBSA) are conducting seminars with state CPA societies for small business clients on how to establish and administer pension, health and other employee benefit plans.
http://ebpaqc.aicpa.org by Journal of Accountancy
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