TransitChek - Choice Strategies

TransitChek
A Leader in Commuter Benefit
Programs
TransitChek® is a registered trademark of WageWorks, Inc. Copyright © 2012 WageWorks, Inc. All rights reserved.
TransitChek introduced the nation’s first commuter
benefit, TransitChek, and continues to be a leader in
commuter benefits by providing:
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Understanding Commuter Benefits
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Ease of use and flexibility
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Innovation technology
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Team Approach
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Pricing and Return on Your Investment
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Industry Experts
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National Coverage
With TransitChek – Everyone Benefits!
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Commuter Benefits Programs 101
• Employees use tax-free dollars to pay for their commuting costs
• Employers & Employees save on FICA tax
• Commuter benefits programs can used for travel by bus, subway, train, ferry,
vanpool or even bicycle
• Under Federal law, an employee can set aside:
• Up to $245 per month to pay for their commute by transit
• Plus up to $245 per month towards commuter-related parking expenses
• A commuter benefit may be offered:
• On a pretax basis
• As a tax-free fringe benefit
• Or a combination of the two
TransitChek Programs offer easy implementation, personal attention, and
IRS compliant products for all types of businesses -
Nationwide
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TransitChek® Mobile
The Next Generation in
Commuter Benefits
Employees may enroll and manage their
TransitChek commuter benefits account from any
smartphone or tablet:
• Self-service model to ease the administrative
burden on Benefit Administrators
• Enroll or update info anywhere, anytime
• Check balances and view transactions on-the-go
• Easily manage plan details and benefit amounts
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TransitChek® has Partnered with Zipcar
Program Features and Benefits:
• Employees receive discounted weekday
driving rates at over 9,000 Zipcar
locations when they become a Zipcar
member
• Initial Zipcar membership application
fee is waived (a $25 value)
• Discounted first year membership fee of
$50
• Driving Credit of $25 (to be used within
60 days of member enrollment)
• Discounted Weekday Zipcar for
Business driving rate plan – at least
10% off the regular driving rates
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TransitChek® has Partnered
with Central Parking
Employees can save even more money by:
• Receiving Preferred Pricing – Savings of 10%
to 50% off the Regular Monthly Rate
• Additional 25% to 30% using Pre-Tax Dollars
• TransitChek DirectPay – Pay Central Parking
Operator Directly (Electronically)
• 75+ Parking Locations in the NYC Metro Area
( NYC & NJ)
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TransitChek® Administrator Tools
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Employees can go to www.save.transitchek.com
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Commuter Savings Calculator
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Virtual Administrator to guide & educate
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Used as Landing Page
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National/Regional Product Availability
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TransitChek Educational & Savings Videos
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TransitChek Educational & Savings Videos
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Located on TransitChek Website www.transitchek.com
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Employee Focused
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Used to Educate Employees on Monthly & Annual Savings
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TransitChek Product Portfolio
Premium TransitChek® MetroCard® - NYC Only
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Annual MetroCard ®
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No Lines / No Waiting - Good for an Entire Year!
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True Calendar Monthly Unlimited with 7 additional days for
Free! (31st day is free during the months of January, March,
May, July, August, October and December)
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Unlimited rides 24/7 on NYC subways and local buses
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The Card is mailed directly to your home once a year
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Walk in Replacement Center in midtown Manhattan
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Same day replacement if cards are lost, stolen or damaged
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Funds are protected
Exclusively Offered through TransitChek®
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TransitChek Product Portfolio
TransitChek QuickPay® Card, a prepaid Visa ® card
• A prepaid Visa® card that can be funded with both transit
and parking deductions on a tax-free and post-tax basis
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Meets the highest levels of IRS compliance for card-based
commuter benefits products
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24/7 Access to account information
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No monthly usage limit
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The Card has an expiration date of three years
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Funds roll over from month to month and year to year
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Nationwide
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Electronically Reloadable
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The TransitChek QuickPay® Prepaid Visa ® Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC
TransitChek Product Portfolio
TransitChek® Vouchers
• Used like cash to purchase tickets and
passes
• A good choice for commuters who use
commuter rail and suburban bus
services, ferry and ticket-by-mail
programs
• Available in a variety of denominations
TransitChek CashBack®
• A good choice for employees who use
transit systems or park at facilities
where vouchers are not readily
available
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Why TransitChek?
• Easy to use self-service model designed to reduce the workload on benefit
administrators
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Employees enroll through a secure, member website and select the product that
is best for them
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Products are then mailed directly to employees’ homes
• Personal attention from a team of industry experts
• Portfolio of products to meet the needs of companies of every size
• Fully IRS compliant programs and products
• We are the experts – it’s all we do!
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Questions?
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