Administrator Alert from Shargel & Co. Insurance Services
Timely Topics for Group Benefits Administrators Issue 5
September 2005
Your employees commute to work every day, why not make it a benefit? With WageWorks you can offer commuter benefits for all major transit agencies, vanpools, and parking, while saving on payroll and income taxes. There are no minimums and no contracts!
  • A Message from Account Manager Cecilia Paul
  • Online Access Makes Commuter Benefits Easy
  • Help us help you!
  • Online Access Makes Commuter Benefits Easy

    Why offer transit benefits?

    Transit benefits add value to your benefits package. Online transit benefits make it easy and efficient. You can offer benefits pre-tax so that while your employees save on income tax, you save on payroll taxes.

    How does Wageworks work for employers?

    • Employers can sign up online in 15 minutes
    • Employers set contribution limits
    • Online account management is easy
    • Funds automatically debited from company bank account
    • Communications are handled by Wageworks

    How does Wageworks work for employees?

    • Employees get their own online account
    • Employees order passes/payments on a monthly basis or as a standing order
    • Employees save up to 40% by ordering pre-tax up to IRS limits
    • Passes are delivered by mail to employees' homes

    What are the fees?

    Wageworks charges a flat $5 fee per passport load (generally per employee per month). There's an online calculator that can help you determine your payroll savings.

    Help us help you!
    Help us serve you better! If you run into a challenging benefits issue, let us know! We'll work with you to find a solution-and help others.

    Thanks for being our client! We appreciate your business.

    We want to make your job easier. Call us at 800.733.8692 or...

    The information in this bulletin is provided as a courtesy to our clients and does not represent or replace legal and/or financial advice from a professional attorney and/or accountant.
     

    A Message from Account Manager Cecilia Paul
    Welcome! This month we look at commuter benefits. With gas prices rising through the roof, employees may be looking at transportation options. It's a great way to show employees you want to help!

    We know you're busy taking care of business. We want to help make your employee benefits administration as easy as possible.

    If you have an issue you'd like to see covered, let us know.

    Or if you have a benefits question, please email me at cpaul@shargel.com

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    phone: 800.733.8692
     

    Main office: Shargel & Co. Insurance Services | 703 Market Street Suite 901 | San Francisco | CA | 94103