Commuter Benefit Administration – Everyday Savings that Work!Section 132(f) of federal tax law allows employees to reduce their commuting costs by up to 40%, while helping employers save an average of 10% on payroll taxes. Employees use tax-free dollars (subject to monthly limits) to pay for their commuting expenses. This benefit can be provided as a substitute for taxable salary, as a supplemental benefit, or as a combination of the two.
When Benefit Concepts handles your Commuter Benefit Administration, you offset the burden of administration because employees order their transit and parking needs through our website. Orders are mailed directly to their homes, allowing for increased efficiency and decreased operational costs for you. Commuter Benefits are typically best suited for medium to large employers, as well as companies with multiple locations around the country seeking a consistent and equitable program for all employees. Benefit Concepts can also administer the Bicycle reimbursement product for employers who offer that in lieu of other transit options.
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||















