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: • Understanding Commuter Benefits • Ease of use and flexibility • Innovation technology • Team Approach • Pricing and Return on Your Investment • Industry Experts • National Coverage With TransitChek – Everyone Benefits! 2 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 3 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 4 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 5 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) 6 TransitChek® Administrator Tools • Employees can go to www.save.transitchek.com • Commuter Savings Calculator • Virtual Administrator to guide & educate • Used as Landing Page • National/Regional Product Availability 7 TransitChek Educational & Savings Videos 8 TransitChek Educational & Savings Videos • Located on TransitChek Website www.transitchek.com • Employee Focused • Used to Educate Employees on Monthly & Annual Savings 9 TransitChek Product Portfolio Premium TransitChek® MetroCard® - NYC Only • Annual MetroCard ® • No Lines / No Waiting - Good for an Entire Year! • 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) • Unlimited rides 24/7 on NYC subways and local buses • The Card is mailed directly to your home once a year • Walk in Replacement Center in midtown Manhattan • • Same day replacement if cards are lost, stolen or damaged • Funds are protected Exclusively Offered through TransitChek® 10 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 • Meets the highest levels of IRS compliance for card-based commuter benefits products • 24/7 Access to account information • No monthly usage limit • The Card has an expiration date of three years • Funds roll over from month to month and year to year • Nationwide • Electronically Reloadable 11 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 12 Why TransitChek? • Easy to use self-service model designed to reduce the workload on benefit administrators • Employees enroll through a secure, member website and select the product that is best for them • 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! 13 Questions? 14