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WageWorks Selected by GE to Administer Its Pre-Tax Commuter Benefits Program

WageWorks Selected by GE to Administer Its Pre-Tax Commuter Benefits Program

Published 10-11-01

Submitted by WageWorks

WageWorks, the premier provider of commuter benefits options to employers, today announced that GE has selected WageWorks to administer its pre-tax commuter benefits program. WageWorks commuter benefits program allow employees to pay for transit to and from work and for parking while at work on a pre-tax basis. Using pre-tax dollars will save employees up to 40% on their commuting costs.

"We are very pleased to have been selected by GE. I believe our proven ability to provide unparalleled service through our nationwide catalogue of thousands of transit and parking solutions was a key factor in GE selecting us," stated Jon Kessler, president and CEO of WageWorks.

WageWorks is the only company to offer a totally automated pre-tax commuter benefits solution that addresses the needs of employers, employees, and transportation service providers. WageWorks' services offer transit throughout the United States, including paperless Web or phone enrollment and convenient free home delivery of passes to employees. In the case of parking, WageWorks also simplifies the process by paying directly for parking on behalf of the employee using pre-tax dollars.

About WageWorks, Inc.

WageWorks is the industry innovator in delivering customer-centric benefits options to employees and employers. The most experienced management team in the industry created WageWorks services. The WageWorks formula is simple: people save time and money by using our services. WageWorks currently offers a nationwide catalogue of thousands of transit and parking solutions and is fully-compliant with both current and future regulations effective January 1, 2002. WageWorks is headquartered in San Mateo, Calif., with sales offices throughout the United States. For more information, please visit the Website at www.wageworks.com or call 877-WageWorks (877/924-3967).

About GE

GE is a diversified services, technology and manufacturing company with a commitment to achieving customer success. GE operates in more than 100 countries and employs 313,000 people worldwide. GE is led by Jeffrey R. Immelt, chairman and chief executive officer. For more information, please visit the Website at www.ge.com.

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