image not found

Commuter Parking & Public Transit Savings

Use pretax dollars for commuting costs.

Key’s commuter benefits program allows eligible employees to use pretax dollars to cover parking expenses or public transit expenses for travel to work.

Overview

Key allows eligible employees to use pretax dollars to pay for commuting costs up to limits established by the federal government. Current limits for pretax commuter benefits are:

  • Parking: $300 per month
  • Public Transportation: $300 per month

Any amounts withheld above these limits will be deducted on an after-tax basis.

This program is administered by WageWorks. Employees who are interested in participating can learn more and visit Wageworks.com to log in/register for the program and submit a claim.

The information provided above is intended to be a summary of Key’s benefit programs. For any inconsistency between this summary and the applicable plan document or policy, the plan document or policy will always prevail. Key reserves the right to amend, modify or terminate the plan or policy at any time and for any reason.

HSA checking account is provided by KeyBank National Association (KeyBank), Member FDIC.

Key is an Equal Opportunity and Affirmative Action Employer.