Parking and Transit Plans, Section 132

A Transit/Commuter Account is an employer-sponsored benefit that allows workers to use pre-tax money to help pay for the cost of commuting expenses to and from work.

There are 3 different types of transit accounts:

  1. Parking– Covers the cost of parking your vehicle at or near your place of work. May also cover parking at the following:
  • Mass transit facilities, such as bus, train, or subway stations
  • Commuter highway vehicle pick up location
  • Carpool pick up location
  • Parking meters

Employees may fund up to $270/month through a payroll deduction and have an account-linked debit card for expenses. This account may be held at the same time as a Mass Transit or Vanpool benefit account

      2. Vanpool – covers the cost of traveling by vanpool or other vehicle with seating capacity of at least 6 adults, not including the driver.

Employees may fund up to $270/month through a payroll deduction and have an account-linked debit card for expenses. This account may be held at the same time as a Parking benefit account.

      3. Mass Transit– Covers the cost of transit fare by train, subway, bus, ferry or transit pass for mass commuter vehicle.

Employees may fund up to $270/month through a payroll deduction and have an account-linked debit card for expenses. This account may be held at the same time as a Parking benefit account.

Good To Know:

  • Unused funds in Parking, Mass Transit and Vanpool accounts roll over from month to month
  • If you leave your company (voluntarily or in-voluntarily), unused funds are not portable
  • Funds are not transferable between accounts

Contact one of our sales consultants today to learn more, 1-800-333-1673.