Commuter Accounts
Administration
Help your employees save money coming and
going to work by offering commuter benefits!
Guaranteed compliance
Guaranteed compliance
Increased employee satisfaction
BASIC Commuter Administration allows employees to select tax-free parking and mass transit benefits, much like a cafeteria plan, saving you and your employees thousands of dollars in taxes every year. Choosing BASIC as your administrator means you’ve selected the best. Request a proposal today!
With BASIC Consumer Driven Accounts (CDA), benefits just got smarter. Learn about the exciting features of the BASIC Card & MyCash and manage your CDA benefits in the BASIC Benefits mobile app!
Participants choose a monthly election amount (up to the IRS maximum) to use pretax funds toward transit expenses. They use their BASIC Card to purchase transit fare, tokens, or vouchers at approved payment terminals. Unlike other pretax accounts, participants can change or stop their transit account election at any time.
Participants use pretax parking funds at eligible parking locations near the employer’s location or where the employee commutes via carpool, vanpool, or other commuter highway vehicle. They can use their BASIC Card for easy payment or pay out-of-pocket and submit a manual reimbursement. Like a Transit Plan employees can change the month elections each month as their needs change.
Commuter benefit plans are part of the IRS Section 132. Commuter Accounts are an employer-sponsored benefit that allows employees to set aside money on a pretax basis for qualified transit/commuter passes, parking, vanpooling, and commuter highway vehicles.
The IRS regulates what services or purchases are eligible under Section 132. Commuter benefits have a maximum contribution limit under Section 132. The IRS sets maximum monthly limits for both parking and transit. Current IRS limits can be found at our Regulations Page.
Mandatory Commuter Benefits Ordinances:
Give your employees the ability to leverage pretax savings, request a Commuter Accounts proposal today!