Transportation & Parking Plan (TRP)
With a TRP employees set aside part of their pre-tax pay into an account that can be used toward parking and mass transit expenses. This pre-tax benefit means employers don’t pay FICA taxes on employees’ contributions, and participating employees save by not paying taxes on contributions.
Two types of plans are available. Qualified Parking, at or near the employer and/or location from which employees commute by vanpool, carpool or in a commuter highway vehicle and Transit, mass transit facilities - bus, subway, railway - or commuter highway vehicle eligible for use in vanpooling.
Simplicity & Security for the Employee and Employer
- Prepaid benefits card approves most purchases so fewer claims to be filed
- Employer portal for HR to run real-time reports and access plan information 24/7
- Mobile app and participant portal for anytime, anywhere account access
- Personalized customer service