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Transit reimbursement allows you use pre-tax salary dollars towards work-related commuting costs like transit passes and van-pools. In 2024, this allows you to save: • Up to $315 (max) per month for van pooling and transit passes.&...
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If a submitted claim is denied you will receive a notification of denial by email directing you to view the details in your online account . 1. Go to Message Center Once you are logged into your online account select Message Center fr...
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Last Updated: 04/23/2024
in Retirement
The main difference between the pre-tax and Roth 401(k) is whether you pay taxes now (Roth) or at the time you withdraw the money (pre-tax). Use this calculator to help determine which type of retirement account may be the best option for your...
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While you may no longer contribute to your employer sponsored 401(k) or 403(b) plan once you leave the company, your employer, in most cases, is still obligated to maintain it for your benefit. There are some exceptions. If your co...
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Last Updated: 04/03/2024
in FSA/HRA/HSA Dependent Care FSA
A Dependent Care FSA account is generally used to cover expenses for the care of a “qualified dependent” under the age of 13 while the you and your spouse are working or looking for work. Additional covered expenses include Eld...
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Last Updated: 03/28/2024
in Retirement Accounts Loans
The terms of your loan end the day you leave the company. Therefore, the remaining balance may be deemed in default and taxable in the year the payments cease. To avoid your loan being reported as taxable income (and having the 10% penalty t...
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Last Updated: 03/20/2024
in Parking/Transit FAQ's
For the year 2024 the maximum benefit for transit expenses is $315 per month. This amount resets each month but cannot be exceeded with pre-tax benefit. *some employers offer a post-tax account to add funds to Benny Card for use after monthly max...
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Last Updated: 03/20/2024
in Parking/Transit FAQ's
For the year 2024 the maximum benefit is $315 per month. This amount resets each month but cannot be exceeded with pre-tax benefit. *some employers offer a post-tax account to add funds to Benny Card for use after monthly maximum is exhausted. ...
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Getting your funds via direct deposit is easy and a much faster way to receive your reimbursement. 1. Once you are logged into your online account you will have a menu at the top of your account. Select Banking/Cards from the Accoun...
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Repaying ineligible expenses through your online account is the quickest and easiest way to reimburse your plan account. 1. Once you are logged into your online account you will see that you have a repayment pending in the Tasks secti...