What are welfare benefit plans defined as?

Welfare benefit plans encompass a wide range of fringe benefits offered by employers to their employees, distinct from pension plans that primarily focus on retirement benefits. These plans can include a variety of benefits such as health insurance, disability insurance, life insurance, and other non-wage benefits that support employees' wellbeing. The definition of welfare benefit plans emphasizes their comprehensive nature, which aims to enhance the overall compensation package beyond just salary or retirement savings.

This broad range of coverage makes B the most accurate choice, as it reflects the essence of welfare benefit plans that are designed to meet various needs of employees. The other options are limited in scope or incorrectly categorize the benefits included in welfare plans, failing to align with their defined purpose in employee welfare and compliance regulations.