Save Money On Commuter Expenses (QTB)

Turn Everyday Travel into Savings

Turn everyday travel expenses into savings for you and your employees with Qualified Transportation Benefit (QTB) plans. Parking, transit and bicycling benefits are available as pre-tax deductions. You may also choose to directly fund Commuter Benefits as an added incentive for quality employee retention.

Commuter Benefit Basics: A QTB benefit plan encompasses your choice of vanpooling, transit passes, parking and/or bicycling benefits. Employees are reimbursed up to the IRS limit for their work-related travel expenses. Commuter Benefit plans may be paid, pre-tax, by you, your employees, or a combination of both.

The Benefits of QTB: QTB plans offer significant tax-savings. Employees save by directly removing taxes from their Commuter Benefit expenses and reducing their taxable income.

Example: An employee earning $35,000 puts $2,000 in a QTB plan. At the end of the year they are taxed on only $33,000 and paid no taxes on the QTB funds!

A Commuter Benefit plan will save you money, whether it is used for subway passes, parking expenses or for the purchase of a bicycle. With rising travel costs, QTB benefits are a low-cost way to increase employee satisfaction and retention.

Employee Benefits of a QTB through FBMC:
- Get comprehensive QTB packages
- Save time with an easy and convenient web enrollment and management process
- Choose the leading QTB provider in the public sector—FBMC

Employer Benefits of a QTB through FBMC:
- Lift your burden. We manage employee benefits and monthly payroll deduction for you.
- Reduce payroll personnel
- Get 100 percent compliant.
- Reduce cost through automation of web enrollment and management

Commute to better savings and an easier QTB plan today. Call us at: 1-866-690-4208 or contact us to learn more.