employee welfare benefit plans
Employee welfare benefit plans are plans, funds, or programs created by an employer or a union to provide medical, sickness, accident, disability, death, unemployment, and vacation benefits; apprenticeship and training programs; day care centers; scholarship funds; prepaid legal services; or any benefit allowed by the Taft-Hartley Act.
Additional Information
These plans are distinguished from employee pension benefit plans that provide for retirement income or the deferral of income (e.g., "traditional" defined benefit pension plans, 401(k) plans).
