Transportation Plans
We make it easy for you to provide a great benefit for your employees. Your employees save federal, state and FICA taxes while you save matching FICA on every dollar deducted pre-tax. Discovery Benefits handles all aspects of the administrative process. We provide online access to WiredCommute so participants can purchase their passes and pay for those passes directly from their transit or parking account.
Count on us for:
Flexibility
Discovery offers the WiredCommute platform providing easy access to employees wanting to purchase transit and parking passes and ensuring compliance with the IRS Readily Available Rule. Bicycle vouchers may also be purchased through WiredCommute for plans offering this option. Employees call one customer service number with questions about their transportation and other reimbursement accounts.
Simplified Compliance
Discovery’s platform monitors the Monthly Maximums to ensure employees do not exceed the statutory limits. If purchases exceed the IRS monthly maximum, the difference is deducted from the employee’s paycheck on an after-tax basis. A monthly report is provided to the Employer showing the payroll deduction amounts based on employee purchases for that month and are separated by pre-tax and post-tax amounts.
Discovery provides employers with a Summary Plan Description at inception and when there is a benefit design or regulation change.
WiredCommute Access
WiredCommute is a compliant, cutting-edge, comprehensive program for Section 132(f) transportation benefits. A login is available to WiredCommute through Discovery’s login page providing participants access to WiredCommute’s national network that includes more than 500 transit authorities and more than 9,000 parking locations.
Internet Inquiry and Enrollment
Employees can check their real time transit and/or parking account status via the internet 24/7. Through their login, they can access their WiredCommute account to order passes, update address information, set recurring transaction requests, etc.
Employee and Employer Education
Discovery Benefits is available to conduct group meetings and provides a Transportation Resource Guide as a simple reference for how the plan works.
Start your plan by contacting a Discovery Benefits Representative today.