If you are in the greater Philadelphia region (including South New Jersey, Northern Delaware and Harrisburg) and looking for a way to save nearly $1,000 a year on your commute, or to save your company money, too, then you've come to the right place.
A national program known as the commuter benefit program or the transportation fringe benefit (IRS Code 132[f]) allows employers to offer to their employees a pre-tax way to help pay for commuting on transit or by vanpool. It saves employers and commuters money because the program takes advantage of federal legislation that allows tax-free dollars to pay for transit fares and vanpool expenses.
RideECO was a commuter benefit program previously administered by the DVRPC; since March 31, 2020 it transitioned to DVRPC's long-time fulfillment partner, Edenred Commuter Benefit Solutions. Edenred, like other third-party benefits administrators, offers a variety of products that can be redeemed to purchase passes, tickets, and tokens for every transit agency in the region, as well as others nationwide. Many vanpool services accept commuter benefit products, as well. There is even a premium program wherein employees can manage their own account and order personalized, prepaid commuter benefit cards or transit cards, and other fare materials; employer administration is streamlined, too, for easy implementation. For more information on Edenred's products and services, go to: www.commuterbenefits.com.