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  • Home
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  • Benefit Plan Types
    • Flexible Benefit, Cafeteria Plans, & Tax Advantaged Plan Options
    • Health Reimbursement Arrangements (HRAs)
    • Health Savings Accounts (HSA) Implementation
    • Commuter Company Benefits
    • Employee Benefit Plan Type Comparison
    • Employer Benefit Plan Eligibility Requirements
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Commuter Company Benefits

Transit / Transportation Company Benefit

Up to $260/month* for transit benefit expenses

The Commuter Transit Account / Transportation company benefit is a pre-tax benefit account used to pay for public transit—including train, subway, light rail, bus, and ferry—as part of your daily commute to work. It’s a great way to put extra money in your pocket each month and make your commute more convenient and affordable. You may contribute to your account up to $260 per month on a pre-tax basis to pay for transit expenses, which means you end up paying less in taxes and taking home more of your paycheck

Commuter Parking Company Benefit

Up to $260/month** for parking at or near an employer’s work-site, or at a facility from which employee commutes via transit, van-pool, or carpool

The Commuter Parking Company Benefit is a pre-tax benefit account used to pay for parking as part of your daily commute to work, including parking at or near you place of work or at a location near where you take public transportation to get to work. You can contribute up to $260 per month on a pre-tax basis to pay for parking expenses

Commuter Shared, Group, Van-Pool, Company Benefits

Up to $260/month* for commute trip in a vehicle with a seating capacity of at least six adults (excluding the driver), with at least 80 percent of the vehicle’s mileage for a year is reasonably expected to be for commuting and on trips during which the number of employees transported for commuting is at least one-half of the seating capacity of the vehicle (excluding the driver)

Bike Reimbursement Company Benefit

The qualified bicycle reimbursement program was a tax-free reimbursement of bicycle expenses which was suspended by the recent Tax Bill through 2025.

Here is a link to the 2018 IRS Tax Guide to Fringe / Company Benefits

Offering company benefits can increase retention, help recruitment and make for a comprehensive and inclusive compensation package  Fringe and company benefits are easy to administer, sponsor, and typically are cost positive, in a short period of time.

Additional company benefits to consider:

  • Qualified transportation spending accounts (transit and parking)
  • Child and Dependent care
  • Insurance Benefits Like:
  • Long Tern Care
  • Group Life
  • Education and Tuition
  • Discount purchasing programs
  • Voluntary Benefits
  • Adoption Assistance
  • Wellness and Assistance Programs
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Are you Aware of Transit Benefits?

Commuter Company Benefits

Transit / Transportation Company Benefit Up to $260/month* for transit benefit expenses The Commuter Transit Account / Transportation company benefit is a pre-tax benefit account used to pay for public transit—including train, subway, light rail, bus, and ferry—as part of

breakdown of benefit options:

Employee Benefit Plan Type Comparison

Flexible Spending Account, Health Reimbursement Arraignments, & Health Savings Account Comparison The chart below is a brief comparison of the various components of each of these important health care options. Description FSA HRA HSA History IRS Code … more

Savings

Employee Benefits and Tax Savings

Benefit to Employee HOW DOES THE EMPLOYEE BENEFIT? The employee can choose to participate in the plan or not. If the employee participates in the plan part of his/her taxable wage is converted into tax-free benefits. This can be a big tax savings for the employee and … more

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