Tools to improve the financial health of your employees.
The IRS allows employees to set aside tax-free money for certain work-related mass transit
and parking expenses. For 2006, the limits are $105 per month for mass transit and $205 per
month for parking.
Mass transit can include commuter train, bus and van pool. Parking can include surface lots
and parking garages paid on a daily, weekly or monthly basis.
Funds in the Commuter Benefit Accounts can roll forward from month to month and can
span plan years. Employees can also change the contribution amounts on a month to
month basis
When should you provide Commuter Benefit Accounts?
Commuter Benefit Accounts are appropriate if:
Your workplace is located in an urban area
You want to encourage fuel conservation
You have employees that rely on mass transit to come to work
You want to improve employee recruiting and retention
What if we are a small employer?
The BenefitsWorkshop offers a number of unique options that make these plans affordable
even if you have ten or fewer employees.
How can I order a proposal?
Simply click the button below and complete the form. You should receive your proposal within 48 hours.
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BenefitsWorkshop services are provided by JAG Enterprises, LLC.