|2013 Transportation Fringe Benefits FAQ|
What are “Transportation Accounts” or “132 Benefits”?
Section 132(f)(4) of the Internal Revenue Code provides you with the opportunity to pay for qualified commuting expenses on a
What expenses are eligible for pre-tax reimbursement?
1. "Qualified parking" is defined by the Internal Revenue Service as:
How am I reimbursed for parking or mass transit expenses?
If you purchase your qualified parking from the service provider directly, complete a "Request for Reimbursement” (provided by Group Dynamic, Inc. our third party administrator), attach your receipt for the expenses, and Group Dynamic, Inc.
How do I enroll in the plan?
You will receive information on how to enroll in the plan from your employer. You will need to designate an amount for mass transit expenses and a separate amount for parking expenses. Separate reimbursement accounts are maintained for each
Will I forfeit any unused monies at the end of the plan year?
No. Any funds in your account at the end of the year will be automatically rolled into the subsequent year. You may not receive in cash any money left in the account at the end of the plan year should you decide to end your participation in the program.
May I change my election mid-year?
If your parking costs change during the year, you may make a subsequent change to your election(s) on a monthly basis. All changes must be made on a prospective basis only.
What happens if my employment terminates?
You may request reimbursement through the end of the year for expenses incurred while you were employed.
What if I have additional questions?
Questions regarding the program should be directed to your employer. Specific questions regarding your account or claim submission can be directed to the GDI Customer Service Team at 1-800-626-3539.