NEW FOR 2012

On October 20, the IRS announced new limits for pre-tax contributions and reimbursements on Commuter Benefits Accounts.  These limits reflect the maximum allowed pre-tax contribution and reimbursement amounts per calendar month for the year 2012.  These new limits will take effect January 1, 2012.

  • Transit Account: Decreased from $230 to $125 per month
  • Parking Account: Increased from $230 to $240 per month 

Commuter Benefits

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OneBeacon's commuter program makes it easy for you to save money on your commuting costs.  We offer a pretax commuter program which is administered by ADP.  You will be able to access your commuter benefits, place orders and check your account simply by logging onto ADP.

If you take public transportation, ride in a vanpool or pay to park, this plan helps you use pretax dollars and save on your commuting costs!  Your pretax payroll deductions will be taken automatically from your last paycheck of the month.

The IRS allows up to $125 per month in pretax contributions towards public transportation (bus, train, subway, ferry, etc.) and up to $240 per month pretax toward parking expenses.  If your expenses exceed the pretax limits, the balance will be taken from your paycheck on an after-tax basis.  For example, if your train pass costs $250 per month, $125 will be deducted pretax and $125 on an after-tax basis.

With ADP, you have the option to have your passes mailed directly to your home or be reimbursed for eligible commuting expenses.  All employees are eligible to participate in the commuter.  Learn more about Online Commuter Benefits and open your account at www.flexdirect.adp.com.