Commuter Benefit Plan Guide

Commuter Benef it Plan MASS TRANSIT AND PARKING EXPENSE SAVINGS KEY INFORMATION • Calculate your potential tax savings using the Commuter Calculator on BenefitResource.com. • Once your payroll deductions begin, they will be posted to the corresponding account(s) and available to use for eligible commuting expenses. • Your election(s) will remain in effect until you submit an election change. Check with your employer on how and when changes must be submitted. • Any extra money in your account rolls over and can be used for future qualified expenses. Excess cash balances cannot be refunded from an account and can only be used for qualified expenses. • If you build up a balance, you may temporarily reduce your election to $0 in order to spend down the balance and remain active in the plan. • For more information, contact your employer or see your plan documentation. WHAT ARE ELIGIBLE COMMUTING EXPENSES? Qualified (or eligible) workplace commuting expenses must be for mass transit and/or parking expenses incurred between a residence and place of employment. Plan funds must be used for qualified commuting expenses only. Qualified mass transit expenses include buses, trains, subways, ferries, and vanpools. The card also allows for contactless payments through Apple Pay®, Samsung Pay®, and Google Pay®. Qualified parking expenses are those incurred near your workplace (e.g. SpotHero) or at a location from which you commute to work (e.g. a park-and-ride). Are you paying more taxes than you need to? By enrolling in a Commuter Benefit Plan, you can pay for qualified workplace commuting expenses with tax-free contributions. You will not have to pay federal income taxes, social security (FICA) taxes, or state income taxes on these expenses (this may vary by state). Benefit Resource (BRI)’s convenient options and tools make it easy to save money each month — when you enroll in the plan, just indicate how much you’d like to contribute to your mass transit and/or parking account. BRI PRO TIP Visit the Commuter Resource Center at BenefitResource.com to view useful links and tips about using your Beniversal or eTRAC card for commuting in your area. HOW DO I DETERMINE MY ELECTION AMOUNT? When using your Beniversal or eTRAC Prepaid Mastercard, set your mass transit and/or parking election equal to your total monthly expense. Your election is how much money you choose to have deducted from your paycheck and deposited into your account. If you decide to enroll in both a mass transit and parking account, you must sign up for them separately and fund separate elections for each account. Your contributions will be deducted tax-free up to the IRS monthly maximums. The current tax-free limits can be found in your plan documentation or on BenefitResource.com. Review the “Tips for Using Your Card” section on the next page to get the most out of your account.