Legal Definition of Fringe benefits:  Benefits received by employees in addition to their wages. Health insurance, life insurance, disability insurance, and pension benefits are all classified as fringe benefits | Looking for a comprehensive guide on understanding fringe benefits as a business owner? Look no further! Our guide breaks down the importance of fringe benefits, including health insurance, life insurance, disability insurance, and pension benefits. Learn how offering these benefits can attract and retain top talent, boost employee morale, and create a positive work environment. Plus, enjoy tax advantages for both employers and employees. Read on to find out more!