DataPath 132

Overview

• No Constructive Receipt
• Eligible Participants
• Elections and Election Changes
• Eligible Transportation Fringe Benefits
• Administration Methods
• Benefits Available under DataPath132
• Monthly Limits
• Coverage Period
• Plan Document not Required, but Recommended
• ERISA Regulations Not Applicable
• No Discrimination Testing
• No 5500 Form
• Impact on Qualified Retirement Plans

Legislative History

Benefits of § 132(f) Plan

• Employer Benefits
• Save on Payroll Taxes!
• Improve Employer-Employee Relationships!
• Report Illustrating the Employer Profits
• Employee Benefits

DataPath 132 Makes It Easy

• Case Setup
• Employer Screen
• Plan Design
• Employee Screen
• Claims and Reimbursements
• More. . . More . . . and Even More
• Searches
• Cash Management
• Reconciling Contributions
• Just the Tip of the Iceberg

Benefits

• Eligible Transportation Expenses
• Qualified Parking Expenses
• Transit Passes
• Vanpooling
• Administration Methods
• Conversion Method
• Reimbursement Method
• Benefits
• Qualified Parking Expenses Conversion Benefit
• Qualified Parking Expenses Reimbursement Benefit
• Transit Pass and Vanpooling Expenses Conversion Benefit
• Transit Pass and Vanpooling Expenses Reimbursement Benefit

Monthly Limits

• Parking Expenses Limits
• Transit Pass and Vanpooling Limits
• Monthly Limits for Advance Passes
• Exception to Monthly Limits for Transit Passes
• Limits applied to Type of Expense, not Benefit
• Employer May Decrease Limits

Elections

• Eligible Participants
• Benefit Election Form
• Coverage Period
• Irrevocability
• Evergreen Clause
• Spouses Employed by Same Employer

Accounts

• Employee Ceases Contributions
• Employee Terminates Employment
• Reports

Claims

• Conversion Benefits
• Reimbursement Benefits
• Entry into the System
• Time frame
• Substantiation
• Monthly Limits
• Limits Apply to Type of Expense
• Determining Value of Expenses

Reimbursements

• Conversion Benefits
• MICR Check Generation and Printing
• ACH Capability
• Payment Processing
• Amount of Reimbursement
• Minimum Check Amount

Terminations and Changes

• Changes in Election
• Terminating Contributions
• Terminating Employment
• Special Rule for Advance Passes and Terminations
• Requirements
• Advance Transit Passes for Three Months or Less
• Advance Transit Passes for More than Three Months

Interested? Learn more: 800-633-3841

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