Commuter Accounts

Commuter Accounts

Help your employees save money coming and going to work by offering commuter benefits!

Alleviate staff commuting costs by offering Section 132 plans – contribute pretax dollars* to pay for qualified transportation expenses. Employees save between 15% – 40% toward eligible expenses, while employers save 7.65% on FICA taxes for each dollar contributed. BASIC Commuter Accounts seamlessly integrate with other benefits on our CDA platform. Employers can easily design their plan while participants experience lightning fast reimbursement on our easy-to-use mobile app or website!

Our Commuter Accounts include four unique employee benefit accounts, including Transit, Parking, Gas Plus, and Bike Accounts.

Transit
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.

Parking
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.

Gas Plus (non-tax advantaged)
The Gas Plus Account is available as part of the BASIC’s CDA offering that makes it easy for employers to configure a plan design that works for their specific workforce needs. It’s 100% employer funded and can be used to reimburse gas and/or public transportation expenses. The employer (client) determines the frequency and amount of plan contributions, plan dates, carryover allowance, and employee eligibility rules.

Bike (non-tax advantaged)
A Bike Account allows employees to be reimbursed for bike expenses associated with their commute from home to work. Attract and retain employees, especially in an urban environment where biking to work is common. Commuter benefits for biking include a quick workout, parking problem solver, time saver, and environmentally-friendly mode of transportation.