TRIP, Transit Reimbursement Incentive Program, is a new
employee benefit program that lets employers,
like you, help your employees reduce the cost of
getting to work. Under section 132 of the tax
code, employees can pay some or all of their
commuting expenses with pre-tax dollars.
TRIP is the tax-advantaged
way to
get to work.
TRIP is offered
through the Administrative Management Group. We
handle all the administrative details, making a
hassle-free new benefit for your employees.
Just
follow the links on the left to find out just how
easily and quickly you and your employees can
begin benefiting from this new tax-favored
program.
Want
to know how it works? It's simple!
Employees:
Make pre-tax payroll deductions that are applied
to their commuting expenses. They save federal,
state and FICA taxes on the amounts deducted.
Employers:
Help set up payroll deductions and save on the
employer FICA taxes on the amounts deducted which
often offset the entire cost of the program.
AMG:
Does all the work! We even provide a participant
site
to answer questions. So communicating the
benefits of this
program is easy too. To visit the
participant site Click Here.
Employees
can pay work-related expenses for:
• Transit
Fares
• Parking
Reimbursement
You can have TRIP up and
running in about six weeks with relatively little
effort on your part. TRIP has no plan
year, no compliance testing, no 5500s and no
reporting requirements. It's easy. We can walk
you through the process in less than one hour. We
work with your payroll department to set up the
deduction process and your work is about done.
After that, it's all up to us! Want to know
more?
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