Why a TFA Plan instead of a TransitChek program?
The TransitChek program was the first option available. However, the TFA Plan should be used if an employer feels the costs are prohibitive; not just the fees for purchasing the checks, but the costs of controlling the purchase and distribution of the TransitCheks (which are negotiable as cash to the bearer). The TFA Plan allows employees to be reimbursed for Mass Transit and Parking Expenses rather than use TransitCheks. With our TFA plan, the savings from lower payroll taxes (Federal, State, Local, FICA, and Medicare taxes) should offset our monthly administrative fees.
