| This easy-to-use, affordable employee benefit helps lessen employee commuting expenses while providing tax savings to your company. We help you design and implement a qualified plan to meet specific employee needs, administer and support transportation and parking employee savings accounts for all employees who want one.
Your employees receive:
- Instant access to their transit and parking account dollars through ADP's FlexDirect card, a VisaŽ-branded credit card
- Fast and accurate daily claims reimbursements
- Real-time access to account information via either phone or the Internet
- Convenient Web-based enrollment
- Accurate deduction of pre-tax contributions from ADP payroll plus optional post-tax deductions for additional commuting expenses
- Quarterly personalized participant account summary
You receive:
- Tax savings associated with participant contributions - specifically the elimination of the employer portion of the payroll tax covering contributions on pre-tax earnings designated for reimbursement accounts
- Seamless, automated payroll deductions
- A reimbursement plan that complies with Section 132 of the IRS Code
- Web access to ADP service and support
- Secure access to plan participant information
- Management reports
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