Commuter Benefits

The commuter benefit allows you to use pre-tax dollars to pay for eligible transit and parking expenses for commuting to work.

How the Plan Works
  • This program is voluntary, and you may enroll in or make changes to your account contributions at any time throughout the year. There is no “Open Enrollment period” for the Commuter Benefit.
  • Your election will continue month to month and year to year unless you change it or terminate employment with Golden Touch.
  • Reimbursements for mass transit and parking reimbursement qualified expenses will not exceed the monthly limit set by the IRS.
  • The money that you have in your account will “roll over” from month to month and year to year.
  • If you become ineligible (including termination of employment) to participate:
    • Any tax-free funds remaining in an account at the end of the month in which you become ineligible are taxable.
    • Account balances will be available via the Beniversal Card through the end of the month following the last month of eligibility.
    • For claim reimbursement of eligible workplace parking and vanpooling expenses:
      • Eligible expenses must be provided after your effective date in the plan and through your last month of eligibility. Claims must be received by Benefit Resource by the end of the month following the last month of eligibility.
      • Any funds remaining in an account after this will be forfeited.

Parking

$325 Monthly Maximum

Eligible parking expenses are expenses you incur for parking any type of vehicle near your place of employment, or near or at a location from which you commute to work via mass transit or vanpool. This can include a monthly parking pass, a daily fee, or payment through a parking meter.

Transportation or Public Transit

$325 Monthly Maximum

Eligible mass transit expenses are expenses you incur for commuting to your place of employment. This includes expenses for train, subway, light rail, bus, ferry, and vanpool (including Uber Pool and Lyft Line).