ServicesISU CommuterImproving your day from door to doorISU Commuter is an industry-leading commuter benefits administration product for employers. Employers who are interested in offering an online commuter benefits solution for their employees benefit from using ISU Commuter. 
Employers enjoy a solution for ordering commuter products nationwide and manage all fulfillment and direct delivery to participants. ISU Commuter is a fully compliant, comprehensive program for Section 132(f) (*) commuter benefits. It is a web-based platform that is convenient and simple for employees to use. ISU Commuter is available nationwide to employers of all sizes. ISU Commuter provides a complete solution; from the ordering platform, back end processing, distribution and customer service. Enhance your Employee Benefits Program with ISU Commuter! ISU Commuter not only increases the value to your employees benefits portfolio but saves you money. ISU Commuter provides employees with the ability to save up to 40% of their commuting costs while employers save on their payroll taxes by taking advantage of IRS Code Section 132(f) Qualified Transportation Benefits. Through a company-sponsored plan, this law allows employees to use tax-free dollars (subject to monthly limits) to pay for qualified public transportation, vanpooling, and parking expenses related to their commute to work. Employers can even offer this program at no additional cost to them. With an offset in reduced payroll taxes, employers can provide a benefit that is both valuable and tangible, without having to pay a lot of money. 
Eligible employees place their orders prior to a monthly cutoff date. ISU Commuter consolidates all the order information, payroll deductions and funding requirements. We manage all ordering from transit agencies and fulfill individual orders for participants. Orders are sent by first class mail directly to employees prior to the first day of the month. A rare occurrence in the world of benefits, this makes a valuable employee benefit even more appealing to employers. ISU Commuter is an attractive benefit for both employees and employers and is a great compliment to our other ISU Insurance Services product and services for employers and employees. With ISU Commuter, your organization can:
(*)Internal Revenue Code Section 132 and the Transportation Equity Act for the 21st Century (TEA-21). It is a program that allows employers to offer employees the opportunity pay for certain transportation expenses on a pre-tax basis under Internal Revenue Code Section 132 and the Transportation Equity Act for the 21st Century (TEA-21). Pre-tax means before income taxes and FICA. Pre-tax benefits are valuable to employees because they effectively increase take-home pay. These benefits are also valuable to employers because the employer avoids paying its share of FICA. Qualified transportation expenses generally include payments for the use of mass transportation, e.g., train, subway, bus fares), and for parking. Amounts are indexed for inflation. For 2011 the monthly maximums pretax contribution for mass transit is $230 and $230 for parking. While Section 132 benefits are similar to the pre-tax flexible spending accounts available for medical expenses and dependent care under Section 125, there's one important difference. The transportation benefit does not include a "use it or lose it penalty," as required with medical/dependent care flexible spending accounts. |
    NOTE: For 2011 the monthly maximums pretax contribution for mass transit is $230 and $230 for parking. |