TransitChek

A Leader in Commuter Benefit Programs

TransitChek ® is a registered trademark of WageWorks, Inc. Copyright © 2012 WageWorks, Inc. All rights reserved.

TransitChek introduced the nation’s first commuter benefit, TransitChek, and continues to be a leader in commuter benefits by providing

: • • • • • • • Understanding Commuter Benefits Ease of use and flexibility Innovation technology Team Approach Pricing and Return on Your Investment Industry Experts National Coverage

With TransitChek – Everyone Benefits

!

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Commuter Benefits Programs 101

• • • Employees use tax-free dollars to pay for their commuting costs Employers & Employees save on FICA tax Commuter benefits programs can used for travel by bus, subway, train, ferry, vanpool or even bicycle • Under Federal law, an employee can set aside: • Up to $245 per month to pay for their commute by transit •

Plus

up to $245 per month towards commuter-related parking expenses • A commuter benefit may be offered: • On a pretax basis • • As a tax-free fringe benefit Or a combination of the two TransitChek Programs offer

easy implementation

,

personal attention

, and

IRS compliant products

for all types of businesses -

Nationwide

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TransitChek ® Mobile The Next Generation in Commuter Benefits

Employees may enroll and manage their TransitChek commuter benefits account from any smartphone or tablet: • • • • Self-service model to ease the administrative burden on Benefit Administrators Enroll or update info anywhere, anytime Check balances and view transactions on-the-go Easily manage plan details and benefit amounts

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TransitChek ® has Partnered with Zipcar Program Features and Benefits:

• Employees receive discounted weekday driving rates at over 9,000 Zipcar locations when they become a Zipcar member • Initial Zipcar membership application fee is waived (a $25 value) • Discounted first year membership fee of $50 • Driving Credit of $25 (to be used within 60 days of member enrollment) • Discounted Weekday Zipcar for Business driving rate plan – at least 10% off the regular driving rates

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TransitChek ® has Partnered with Central Parking Employees can save even more money by:

• Receiving Preferred Pricing – Savings of 10% to 50% off the Regular Monthly Rate • Additional 25% to 30% using Pre-Tax Dollars • TransitChek DirectPay – Pay Central Parking Operator Directly (Electronically) • 75+ Parking Locations in the NYC Metro Area ( NYC & NJ)

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TransitChek

®

Administrator Tools

• Employees can go to www.save.transitchek.com • Commuter Savings Calculator • Virtual Administrator to guide & educate • Used as Landing Page • National/Regional Product Availability

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TransitChek Educational & Savings Videos

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TransitChek Educational & Savings Videos

• • • Located on TransitChek Website www.transitchek.com Employee Focused Used to Educate Employees on Monthly & Annual Savings

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TransitChek Product Portfolio

•

Premium TransitChek ® MetroCard ® - NYC Only

Annual MetroCard

®

• No Lines / No Waiting - Good for an Entire Year!

• True Calendar Monthly Unlimited with 7 additional days for Free! (31 st day is free during the months of January, March, May, July, August, October and December) • Unlimited rides 24/7 on NYC subways and local buses • • The Card is mailed directly to your home once a year • Walk in Replacement Center in midtown Manhattan • Same day replacement if cards are lost, stolen or damaged • Funds are protected Exclusively Offered through TransitChek

®

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• • • • • •

TransitChek Product Portfolio

•

TransitChek QuickPay ®

Card, a prepaid Visa

®

card

A prepaid Visa® card that can be funded with both transit and parking deductions on a tax-free and post-tax basis • Meets the highest levels of IRS compliance for card-based commuter benefits products 24/7 Access to account information No monthly usage limit The Card has an expiration date of three years Funds roll over from month to month and year to year Nationwide Electronically Reloadable The TransitChek QuickPay® Prepaid Visa ® Card is issued by The Bancorp Bank pursuant to a license from Visa U.S.A. Inc. The Bancorp Bank; Member FDIC

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TransitChek Product Portfolio

• • •

TransitChek® Vouchers

Used like cash to purchase tickets and passes A good choice for commuters who use commuter rail and suburban bus services, ferry and ticket-by-mail programs Available in a variety of denominations •

TransitChek CashBack®

A good choice for employees who use transit systems or park at facilities where vouchers are not readily available

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Why TransitChek?

• • Easy to use self-service model designed to reduce the workload on benefit administrators Employees enroll through a secure, member website and select the product that is best for them • Products are then mailed directly to employees’ homes • Personal attention from a team of industry experts • Portfolio of products to meet the needs of companies of every size • Fully IRS compliant programs and products • We are the experts – it’s all we do!

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Questions?

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