What type of benefits does a welfare benefit plan include?

A welfare benefit plan is designed to provide various non-wage benefits to employees, which encompasses a wide range of options beyond just retirement and pension plans. This type of plan includes fringe benefits such as health, dental, and group insurance, which are essential components of employee welfare. These benefits are aimed at maintaining and improving the well-being of employees and their families, enhancing job satisfaction and morale.

In contrast to other options, which either narrow the definition to specific categories or exclude significant employee benefits, the correct answer accurately reflects the broad spectrum of welfare benefits that organizations typically offer. By including health-related coverage, welfare benefit plans ensure that employees have access to necessary medical care and support, which is an integral aspect of modern compensation packages.