Workterra began administering Commuter Benefits as an employer-paid benefit in 1996. When the IRS passed regulations under IRC 132 in 1998, we began administering the Commuter Benefits as an employee-paid pre-tax benefit. One thing that has held steady throughout the years is the knowledge and trust we have in our administrators.
Our full Commuter Benefit administrative services include:
A participant census including elections is required 30-days prior to takeover date. If the takeover date is mid-plan year, we also require each participants’ account balance.