Your Commuter Benefits ProgramBrought to you byRide Smart. Savings and convenience on your way to work.Do you pay to park at work? Ride the bus or the subway? Take the ferry? Everybody gets there somehow. And unless you walk, bike, or work at homefull time, you can probably save on taxes while you commute — through the Commuter Benefits Program.The Commuter Benefits Program is sponsored by youremployer and brought to you by WageWorks, the nation’sleading provider of consumer-directed savings andspending accounts. This program lets you pay for yourcommuting costs through automatic, pre-tax payrolldeductions. You save money on taxes every pay period— up to $1,600 or more a year. It works virtually anywhereyou do. And all it takes is a quick online order to get yourtransit pass delivered to your home every month and set updirect parking payments.Under the hood: key features at a glanceThe Commuter Benefits Program lets you pay for qualified commuting expenses — public transportation, parking,or both — without paying taxes on the money. Sign up just once online at www.wageworks.com. Then each payperiod, your employer deducts the funds from your paycheck to buy your transit pass automatically. Passes aredelivered every month, right to your home. And when you sign up, you can also start automatic, monthly directpayments to your parking provider, or choose to be reimbursed.Saving made simpleIt’s very simple: If you pay toride or park on your way towork, this program’s for you.The CommuterBenefits Program letsyou save money onexpenses that youalready pay anyway.Unlike some otherpre-tax programs,you can stop participating anytime, and there’s no accountbalance to worry about at the end of the year. And withonline ordering, home delivery, and direct-paymentadvantages, you don’t even have to wait for reimbursement.There’s really no reason not to enroll. Sign up today!No lines. No waiting. No hassle.The savings are great. But for some people, the sheerconvenience of home delivery is the best thing about theprogram. Once you start getting your transit pass or ticketsin the mail, you may never again have to:E Remember to buy your pass every monthE Go out of your way to find a vendor and stand in lineTo learn more about enrollment, eligible expenses, paymentoptions, and tax savings, read on. Or, just skip all that, go towww.wageworks.com, and try it now.Easy enrollment — at any stopThere’s no annual open enrollment period, so you cansign up, make changes, or stop participating wheneveryou choose — online or by phone.Who’s eligible? All aboard.If you’re eligible for regular employee benefits (andperhaps even if you aren’t), you can enroll in theCommuter Benefits Program. Today, in fact. And nomatter how you get to work — if it costs money, theprogram can probably help you save. Use it for:E Bus, light rail, regional rail, streetcar, trolley,subway, or ferryE VanpoolE Parking at or near workE Parking at or near public transportation foryour commuteOf course, some expenses are not eligible. Theseinclude transportation costs that are not workrelated,expenses for other familymembers, tolls, mileage, taxis,and limousines. For moreinformation, please visitwww.wageworks.com.Using the program — set it, forget itThe Commuter Benefits Program makes your savingsautomatic. If you’ve used a voucher program before, youmay be pleasantly surprised by the ease and flexibilitybrought to you by WageWorks.For public transportationE Buy My Pass. Paying for public transportation hasnever been easier. Just visit www.wageworks.com,choose your transit provider and pass type, and therest is automatic. You’ll receive your transit pass ortickets in the mail every month, in time for the monththey’re valid — or your SmartCard or other electronicpass will be reloaded automatically.For parkingE Pay My Parking. Select your parking provider andmonthly amount when you sign up, and the programpays your expenses automatically every month.E Pay Me Back. If your expenses vary from month tomonth, or your provider only accepts cash, you canalso send in a Pay Me Back form for reimbursement.Just print out the form online and mail or fax it withyour receipts.It works.Wherever you do.Your Commuter Benefits Program works forany transit system, anywhere, plus any parkingprovider or vanpool operator nationwide. Nomatter where you live and work, you’re covered.Ready to go?It’s remarkably easy to get started:E Log in to www.wageworks.com. ClickSign Me Up! if you’re new to WageWorks.E Sign up by choosing your provider andpayment type.That’s all it takes! For details, see the back.Next stop... see the back for:E Get onboard — How to enroll, tips for making the most of the program.E FAQs — Answers to questions we hear the most.
2Get on boardHow to enrollIt’s quick and easy — less than 5 minutes for most people— to sign up for your Commuter Benefits Program.E Log in. Visit www.wageworks.com to set up youraccount. If you’re new to WageWorks, click Sign Me Up!to verify your employee status through a few simplequestions and create a password.E Sign up. Enroll in the program and choose your transitpass or parking provider — or if you pay to park and ride,choose both. No signature or paper form is required.E Sit back. From now on, you’ll get your passes in the mail.In most cases your parking payment will also be sentdirectly to your provider. And you never have to renewyour enrollment.No Internet? No problem.If you don’t have easy Internet access or just want to talkto a real person, you can sign up or make changes overthe phone. Call 877-WageWorks (877-924-3967) Mondaythrough Friday, from 8 a.m. to 8 p.m. Eastern Time. Keep inmind that if you enroll by phone, you’ll need to call before8 p.m. on the day of your employer’s monthly deadline (orthe last workday before it, if a weekend).Park and ride: save on bothIf you pay to park near a station or transit stop and then takepublic transportation to work, make sure you sign up forboth options to save on both trips.When do I get my pass?Once you’re enrolled, your transit pass or tickets for eachmonth will arrive (or your electronic pass will be reloadedor parking provider paid) before the first of the month forwhich they’re valid.How muchcan you save?Where the rubber meets the road.Your fare and parking still cost the same. Because the moneyto pay for them comes out of your paycheck before taxes arededucted, your tax withholding is where you see your savings.You save on:E Federal income taxE FICA (Social Security) taxE State income tax (except MS, NJ, and PA)Test driveHow much can that add up to? Savings vary depending onyour commuting expenses, your tax situation and IRS limits,but most people save between $500 and $1,500 a year. Here’san example; try it yourself, or visit www.wageworks.com foran online calculator and your program details.Estimated eligible expenses Example YOUR estimatePublic transportation $115VanpoolParking at work or transit stop $220Total $335Total taxes (40%)* x 0.40 x 0.40Estimated savings per month** = $134 =Estimated savings per year = $1,608 =* Based on a marginal federal income tax of 25%, FICA (Social Security) taxof 7.65%, and state income tax of 7.35%.** Tax savings amounts are examples provided for illustrative purposes only.They are based on federal, state, and FICA (Social Security) taxes that youdo not have to pay through payroll deductions on amounts used to fundyour account. Your actual savings may vary depending on your marginalincome tax rate, whether you pay state income taxes, and other factors.Some states do not recognize qualified transportation fringe benefits taxexclusions for this program.Questions?For more information about monthly enrollment, participation,and eligible expenses, please visit www.wageworks.com.To talk to a trained expert who can help you take advantageof the program, call the WageWorks Learning Center at877-WageWorks (877-924-3967) Monday through Friday,from 8 a.m. to 8 p.m. Eastern Time. You can also refer to youremployer’s benefits materials or ask your benefits department.FAQs on your CommuterBenefits ProgramWhen can I enroll?You can enroll at any time. Because the program hasmonthly enrollment deadlines set by your employer,the month you begin to receive your benefitdepends on which day you enroll. You can also cancelat any time; your cancellation will become effectiveon the same schedule. Visit www.wageworks.comfor the details of your program.Are there any fees for the program?Not to you. While there are administrative costsassociated with running the program and deliveringyour passes, those costs are entirely covered byyour employer as part of the benefits package youreceive. You pay absolutely no fees, to WageWorks oryour employer.How does “pre-tax” savings work?The money that funds your benefit comes from yourpay and is taken out before federal, state (in moststates), and FICA (Social Security) taxes are deducted.Because you don’t pay taxes on this money, you cansee your savings each month on your paycheck — inthe form of reduced tax withholding.Welcome to WageWorks.Your Commuter BenefitsProgram partner.Your Commuter Benefits Program is sponsored byyour employer and brought to you by WageWorks— the nation’s leading provider of consumerdirectedsavings and spending accounts.WageWorks sets the standard for convenience andflexibility with easy access to your account, nohasslepayment options, comprehensive onlinetools, and expert support. Millions of employeesnationwide enjoy the WageWorks advantage to savemoney and make smart choices about their healthcare, dependent care, and commuter expenses.Copyright © WageWorks 2007. WageWorks is a registered trademark of WageWorks, Inc. Throughout this document, “savings” refers to taxsavings only. No part of this document is tax, financial, or legal advice. You should consult your own advisors regarding your personal situationand whether this is the right program for you.Brought to you bywww.wageworks.comOE-901-COM-OVER-0707 (Oct 2007)