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Peak One Commuter Solution

Commuting expenses are a workplace reality. Now, you can pre-tax your monthly expenses with a Section 132 Plan from Peak One.

As fuel costs continue to be high, employees are looking for ways to save on their commutes to work. Commuter Accounts are a valuable employee benefit as they help employees save time and money when they use public transit for their commute to work. Plus, they help save the environment.

Commuter Accounts allow employees to set aside pre-tax funds used for eligible transit and parking expenses related to their commute to work, governed by IRC Section 132. If the participant has both a parking account and a transit account, each account is entirely separate, and funds cannot be transferred from one to the other. Transit and/or parking benefits are limited to employee expenses only; reimbursement is not allowed for spouse or dependent transit or parking expenses.