A traditional benefit plan is generally a plan sponsored by the employer that includes a predefined package of benefits-a combination of health insurance, retirement savings in a pension or 401(k), life insurance, and disability coverage. Such plans are usually offered "one size fits all," or as a single set of benefits and coverage levels, as established by the employer. Employees may not have much of a choice of how to make the plan more tractable for their needs, and the expense would often be borne by the employer, paid on through payroll deductions by employees. Visit for more information about traditional benefit plan .