Transportation and Parking
Make commuting more affordable
Save on payroll taxes and help your employees save money on work-related transportation expenses with a Transportation Reimbursement Account (TRA). Offered as part of your company's benefit package, this tax-advantaged account helps your employees reduce their taxable income by setting aside pre-tax dollars reserved for their commuting costs while reducing your organization's payroll tax liability. A true win-win.
What's a TRA?
A SelectAccount TRA allows your employees to set aside a portion of their salary, pre- tax, to pay for certain transit, parking, and vanpool commuting expenses. By paying for these expenses with pre-tax dollars, your employees decrease their taxable income, pay less taxes, and in-turn allow your business to save on payroll taxes.
Benefits of a SelectAccount TRA:
There are two plans with the TRA
Public Transportation and Vanpools
Transportation payment options:
Employees enroll in the TRA benefit offering.
Your employees estimate their monthly expenses to determine how much to contribute to their TRA each month.
Your employees easily make their election by logging into their Online Member Service Center
Help. When and where you need it.
Visit www.SelectAccount.com to manage your account anytime, any place.
If you want to talk to a real person, call our specially trained customer service team toll-free at 1-800-859-2144.
Convenience gets people where they need to go
SelectAccount's TRA offers a variety of payment options to fit your employees' needs. Whether it's commuting by transit, vanpool or pay to park, SelectAccount has your employees covered.
Commuter Check Vouchers: The most flexible way to pay for transit, vanpool and parking expenses, these vouchers can be used at the transit authority or parking facility of choice.
Pre-paid MasterCard®: Employees can swipe and go with this re-loadable debit card that can be used at designated transit agencies and parking facilities.
Fare Media: With fare media, your employees can stop waiting in line to buy transit passes or tickets and order passes directly to home.
Smart Cards: With smart cards, your employees can enjoy the convenience of loading pre-tax dollars to a transit smart card from the Online Member Service Center.
Parking Direct Pay: Let us send payments on your employees' behalf directly to a parking provider on a monthly basis.
Parking Cash Reimbursements: The ultimate flexible option if your employees park on an occasional basis, use multiple parking lots or use a provider who doesn't accept checks. your employees can send in receipts to receive reimbursement by check or direct deposit.
Fees and pricing
Annual employer fee
Monthly participant fee*
Ready to speak with someone about offering TRA to your employee group?
* PAPM includes both parking and transit/vanpool accounts or (855) 363-2583 for information about the ease of administration and benefits of working with SelectAccount.