Commuter Benefits

If your commute includes public transportation or paying for parking, Lam’s commuter benefits can help you save on eligible commuting costs.

If You Take Public Transportation

You can use the Commuter Transit Account to buy your transit passes with pretax dollars through payroll deductions.

LightbulbWhat You Need to Know

  • Lam will automatically contribute an additional amount, up to 50% of your public transit cost or $60 per month (whichever is lower).
  • Qualified public transit includes train, light rail, bus, ferry, or vanpool.
  • Funds are withdrawn automatically from your paycheck for deposit into your Commuter Transit Account before taxes are deducted, thereby reducing your overall taxable income.
  • In 2019, you may contribute up to $205 to your Commuter Transit Account to reach the IRS pretax maximum of $265 per month (which includes Lam's $60 contribution). You may contribute more after tax if necessary to make a larger transit purchase.
  • Contributions are selected one month in advance, so be sure to plan ahead.

ClipboardWhat You Need to Do

  • To enroll, go to wageworks.com and log in, or select Employee Registration to sign up for an online account.
  • Select the “place commuter order” button to sign up for a Commuter Transit Account and set up a paycheck deduction .

If You Pay for Parking

If you park at or near public transportation to commute to Lam or pay to park near work, you can use the Commuter Parking Account to pay for qualified parking expenses with pretax dollars through payroll deductions.

LightbulbWhat You Need to Know

  • Lam will automatically contribute an additional amount, up to 50% of your parking cost or $60 per month (whichever is lower).
  • In 2019, you may contribute up to $205 to your Commuter Parking Account to reach the IRS pretax maximum of $265 per month (which includes Lam's $60 contribution). You may contribute more after tax if necessary to pay for higher parking expenses.
  • Funds are withdrawn automatically from your paycheck for deposit into your Commuter Parking Account before taxes are deducted, thereby reducing your overall taxable income.
  • You decide how much to contribute to your Commuter Parking Account each month.
  • You can use the WageWorks EZ Receipts mobile app to manage your account.
  • Contributions are selected one month in advance, so be sure to plan ahead.

ClipboardWhat You Need to Do

  • To enroll, go to wageworks.com and log in, or select Employee Registration to sign up for an online account.
  • Select the “place commuter order” button to sign up for a Commuter Parking Account and set up a paycheck deduction.