Edenred Commuter Benefit Solutions is reminding employers that if they have any questions about compliance, now is the time to seek out experts to help without having to worry about costly violations.
Recent news from the Department of Employment Services in DC stated that beginning November 14th, D.C. employers who are not in compliance with the law will be subject to fines.
"Local businesses need to make sure they are in full compliance with the D.C. commuter law, which went into effect in January 2016," said Larissa Lazaro, Director of Sales for Edenred Commuter Benefit Solutions. "We work with many businesses in the D.C. area and are very familiar with the law. We can help businesses with basic questions or to assist with setting up a fully compliant pre-tax benefit program if that's what they need."
Edenred Commuter Benefit Solutions, the nation's only comprehensive commuter benefit solutions provider and number one resource for commuter savings, provides commuter benefits solutions to more than 12,000 employers and 1.9 million employees across the country, while also working with more than 50 third-party administrators.
The company offers a one-stop total solution experience that delivers both employer and employee-based commuter pre-tax benefits programs. Edenred Commuter Benefit Solutions also partners with more than 350 transit agencies, hundreds of bike shops and 5,000 parking locations.
The D.C. commuter law covers businesses with 20 or more employees and went into effect Jan. 1, 2016. The law mandates employers to provide one of three options to cover commuting costs for employees.
- The first option is an employee-paid, pre-tax benefit where an employee can set aside up to $265 tax-free funds every month for commutes and use the money for public transit and other qualified transportation. The employer only has to pay for the administrative costs of this program.
- The second is an employer-paid direct benefit where the business supplies a transit pass or reimburses for vanpool expenses.
- The third option is for the employer to provide transportation at no cost to employees.
Edenred Commuter Benefit Solutions can help businesses decide the option that is best for them and their employees. Our programs are designed for national organizations, large and medium-sized companies and small business. Each program offers a full range of products for employees and specialized commuter benefits support and service for employees and employers. Avoid potential penalties and contact us today!
About Edenred Commuter Benefit Solutions
Edenred Commuter Benefit Solutions' mission is to make tax-free commuter benefits an essential part of employee benefits packages nationwide.
We serve more than 12,000 employers representing over 1.9 million employees, including many Fortune 500 and Fortune 100 companies. We also maintain partnerships with over 50 national third-party administrators, more than 350 transit agencies, hundreds of bike shops, and over 5,000 parking locations.
If you need to review your program to make sure it’s in full compliance or start a new one, click below to schedule a complimentary call with a member of our team: