This is what Seattle Businesses need to know about the new Commuter Benefits Ordinance
In early October, the Seattle City Council approved legislation to require that companies in Seattle with 20 or more employees offer a Commuter Benefits program. Here is a brief list of the top details you need to know if you are a business in the city.
- Businesses with 20 or more employees (excluding non-profit organizations or government sectors) will be required to offer pre-tax commuter benefits to their employees
- The 2018 IRS contribution limit for mass transit or parking benefits that employees can set aside is $260 per month. NOTE: IRS contribution limits have increased to $265 per month beginning January 2019.
- This ordinance will go into effect in January of 2020 but employers are encouraged to start sooner rather than later.
- Businesses can also offer subsidized passes to employees, which will meet the city rules.
Why are organizations nationwide offering commuter benefits?
- Employees save on commuting costs while employers save on payroll taxes.
- A great benefit that helps attract, retain and reward employees.
- Easy, hassle-free sign up leaves more time for other important tasks.
- Helps create a happier, less stressed and productive work environment.
Why choose Commuter Benefit Solutions?
Since 1985, we’ve been providing commuter benefit programs that combine quality, efficiency and full compliance with IRS regulations. Our expertise is based on our experience developing platforms and providing support for small businesses, national corporations and government agencies. Here are just a few things that set us apart:
- Easy online administration
- In-house customer service
- Programs for companies of all sizes
- Direct employee delivery
See how easy it is to start a commuter program in your company, download our free guide: