Commuter Benefits can help your employees control their transit and/or parking expenses while saving money. If your employees commute to work via bus, light rail, streetcar, vanpool, trolley, subway or ferry, or have to pay for parking, you may offer Commuter Benefits. It works by employees setting aside money in their account before paying taxes on it.
You may allow for any or all of the following Commuter Benefits:
Qualified Transit includes mass transit, including passes, tokens, fare cards or similar items entitling your employees to ride a mass transit vehicle to or from work. The mass transit vehicle may be publicly or privately operated and includes bus, rail or ferry. Qualified Transit also includes van-pooling fees in a commuter highway vehicle with a seating capacity of at least six adults, excluding the driver.
Qualified Parking includes parking fees at/near your place of work or at/near a location from which you commute to work by car pool, commuter highway vehicle or mass transit. For more information on eligible expenses, see our frequently asked questions.
Participating in a Surency Flex Commuter Benefits plan is easy.
We understand your employees may be hesitant to set aside funds pre-tax to use at a later date for approved expenses. We’ve mapped out every aspect of the consumer experience down to the smallest detail to ensure your employees understand the benefit — guaranteeing a positive experience for both employees and employer.
Whether you take the train, bus, subway, ferries, UberPOOL, Lyft Shared, or a combination of these transit options to get to work, these costs are eligible commuter benefits expenses (which means that no matter how they get to work, you can save money by using your commuter benefits).
If you commute with your own vehicle, you can take advantage of your commuter benefits by using them to pay for parking at or near their regular place of employment, use SpotHero to reserve or pre-pay parking spots in select cities, or take advantage of park and ride facilities (if available).
Whether you’re located in Atlanta, San Francisco, Chicago, Washington D.C., see how our Commuter Benefits solution can work in your city. Click on a city to learn more!
Fill out the form below to get started. A Surency team member will reach out to help you with your custom Surency Flex solution.
