Employers and employees alike benefit from Transportation Reimbursement Plans. Employees reduce their taxes and increase their take home pay. Employers save money on payroll taxes and, by enhancing the employee benefit package, will help to recruit new employees and reduce turnover. The Transportation Reimbursement Plan is administered similar to a section 125 flexible spending account .
Employees elect to set aside a portion of each paycheck to pay for qualified expenses.
Qualified Expenses include mass transit costs such as fares for the Bus Train Ferry Subway Van pool and parking expenses for lots near the employee's office location. We will tailor the design and implementation of the plan to meet the needs of your organization.