A Commuter Benefit Plan is a tax-free benefit authorized by Internal Revenue Code (IRC) Section 132(f), which allows employees to pay for certain workplace commuting expenses, including mass transit and parking, on a pre-tax basis. A Commuter Benefit Plan from Benefit Resource combines convenient access to funds through the Beniversal® or eTRAC® Prepaid Mastercard® with compliant, streamlined administration.Start A Commuter Plan for your Staff
What is a Commuter Benefit Plan?
How does Benefit Resource Compare?
Benefit Resource provides unique advantages over other transit and parking programs. Here are a few of the reasons Benefit Resource is the premiere choice for commuter benefit programs in New York City.
|Feature||Benefit Resource||Competitor Programs|
|Voucher Program||Pass Fulfillment||Cash Reimbursement||Typical Card Programs|
|Allow employers to take advantage of tax-free commuter benefits||✓||✓||✓||✓||✓|
|Compliant with Section 132 and NYC Transit Law||✓||Compliance issues may exist||✓||Compliance issues may exist||✓|
|Minimal time commitment to administer||✓||✓||✓|
|No monthly orders to take||✓||✓||✓|
|No administration for unused passes||✓||✓||✓|
|Reloadable debit card for accessing funds||✓||✓|
|Option to combine mass transit, parking and health accounts on a single card||✓|
|Widespread acceptance and payment flexibility||✓||✓|
|One commuter benefit solution for multiple locations and metro areas||✓||✓|
|No loss of unused fare / No pre-purchase requirements||✓||✓|
|Flexibility with purchase decisions and timing||✓||✓||✓|
|Flat monthly administration fees||✓|
|No transaction fees||✓|
|Accomodate workplace parking and mass transit from a single card||✓|
|Regional support to assist with enrollment meetings and questions||✓|
|Mobile access to account balances and claims submission||✓|
How does the Benefit Resource Solution Work?
Benefit Resource leverages the proprietary technology of the Beniversal Card, along with streamlined online adminstration options, to provide a flexible and easy-to-administer Commuter Benefit Plan.
The Benefit Resource Solution Features:
- Convenient access to mass transit funds with the option to include parking and health account benefits on the same card. If the Beniversal Card cannot be used, claims can be submitted real-time through BRiMobile app or BRiWeb.
- Comprehensive employer support for enrollments, education and program design.
- Easy-to-use employer login for managing program, enrolling participants, downloading resources and accessing reports.
- 24/7 account access for participants. Through BRiWeb, participants can enroll, make changes to elections, submit claims, view account information and download forms and resources.
- On-the go support with the BRiMobile app to view balances, access recent transactions and submit claims.
- Personal support for questions through Participant Services by phone and live chat (available in English and Spanish).