Page 26 - TCW_Benefit Guide_2019 FINAL

COMMUTER BENEFITS

If you take public transportation to work or pay for parking for work purposes, a
Commuter Account puts extra money in your pocket by paying transit and parking
expenses with pre-tax dollars. It’s a great way to save money on your
commute. You simply decide how much to contribute and pre-tax contributions
are made each pay period. You can easily access your funds to pay for eligible
commuting expenses or automatically refill your order for transit or parking
passes each month.

Your Commuter Account covers public transit costs that you incur while traveling
to and from work. Examples of eligible expenses include:

• Public transit fares, including tickets, passes, tokens, vouchers, or other fares for riding
buses, trains, ferries, subways or other public transportation
• Official vanpool fees

• Parking passes and payment at parking meters, parking garages, or other parking locations
near your place of work or at a location from which you commute to work by public transit,
vanpool, or carpool

Ineligible expenses include tolls, traffic tickets, fuel, taxis, mileage, or payments to fellow
participants in a carpool.

The IRS has established the following maximum monthly contribution amounts for year 2019.
These monthly limits are subject to change per IRS regulations:

• Parking: $260 per month

• Transit: $260 per month

It’s easy to access and use funds in your Commuter Account through various
reimbursement options:

1. Buy My Pass. WageWorks will purchase your transit and/or parking pass with your pre-tax
dollars and mail the pass directly to your home or office each month. You can order your
passes each month or schedule a recurring order (www.wageworks.com).

2. WageWorks Commuter Card. Use this handy card to purchase transit passes, SmartCards,
and pay for parking. It works just like a debit card – just swipe and go!

3. Pay My Provider. Schedule automated payments right from your account to participating
transit and parking providers at the start of each month.

Commuter accounts require you to sign up at least one month in advance of using the
benefit. TCW’s plan administrator is WageWorks. Contact TCW Human Resources for
enrollment instructions.

There’s no “use it or lose it” policy with your Commuter Account. Available balances can be rolled
over year to year. However, if you stop working at TCW, you will lose the funds in your account.

Los Angeles employee parking deductions are automatically taken on a pre-tax basis.
Commuter account is not needed to receive this benefit.

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