Joe Sixpack Wanted To Know: Is Participating In A Cafeteria Plan Worth It? “If I join the Cafeteria Plan I’m held hostage for a year. Is it worth it?” asks Joe.
“That’s up to you Joe. Rule of thumb: For every $1,000 contributed pre-tax, most employees save $150–$350 in taxes, depending on their bracket and state” said the nice lady in HR.
“Ok thanks. Screw Uncle Sam! I’ll join!” said Joe, relishing the thought.
