WageWorks Transit Benefits Drive Down the Cost of Living

WageWorks' Transit Benefits give working people and families a way to lower the cost of living by reducing the cost of getting to work. With a WageWorks Commuter account, an employee can save up to 40 percent off their commute, regardless of how they get to work. And by transferring compensation from the employee's pay to a pre-tax Commuter account, you can reduce your payroll taxes by as much as 5.6 percent per participant.

Simple to use, and even easier to administer, WageWorks' Commuter programs work better and smarter for both you and your participants. Here's how:

• Choice of transit options with the widest selection of providers nationwide.
• Convenience throughout the entire experience, from initial enrollment and free home pass delivery to exceptional customer and client service.
• Compliance with the latest IRS regulations.

Why WageWorks' Transit Benefits?
While pre-tax commuter benefits like transit, park and ride and vanpool arrangements are greatly appreciated by nearly all employees, they can be an administrative nightmare for benefits managers.  WageWorks reduces the compliance and administrative burden for employers and enables employees to avoid the inconvenience of cash-based reimbursement programs. In contrast, WageWorks offers a card-based account system, as well as automatic mailing of transit passes and scheduled payments to parking facilities, with funds automatically deducted from paychecks. WageWorks commuter benefits can also successfully integrate with payroll management, tax compliance, and employee enrollment functions.

WageWorks' Transit Benefits Solution Offers:

The largest transit catalog

• Covers 350,000 options – 98 percent of all possible transit ridership
• Includes all 50 states in 350+ metro areas
• Order online or by phone, no transit checks or vouchers required

Choices for virtually any commute

• Bus, light rail, regional rail, streetcar, vanpool, trolley, subway and ferry
• Free home delivery of passes, tickets and vouchers
• Leading-edge SmartCards: participants choose the dollar value, number of rides or time period; WageWorks loads value automatically
• Support for EcoPasses and Annual Passes

The most advanced parking management

• Flexible parking platform accommodates virtually every unique arrangement including customized infrastructures
• Supports subsidies at the corporate, regional and employee level
• Automated waiting list manages parking demand and available spaces