What is a Vanpool A vanpool is a group of 5 to 15 individuals who voluntarily participate in a rideshare agreement To commute to and from work together That live near each other or along the same route ID: 467836
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Slide1
Vanpool ProgramSlide2
What is a Vanpool?
A
vanpool is a group of
5 to 15 individuals who voluntarily participate in a rideshare agreement:To commute to and from work togetherThat live near each other or along the same routeThat have the same work scheduleThat have long or difficult commutesSlide3
How does it work?
vRide provides a brand new van, insurance and maintenance
Wichita Transit subsidizes each van by $300 per monthThe vanpool members:Share the cost of the monthly lease and fuel expenseProvide a Primary Driver / Coordinator and an Alternate DriverSave money and improve
their daily commute
Slide4
Why does vanpooling make sense for Employees?
One of the most
economical
means of transportationThe safest mode of public transportationA great way to save money on your daily commuteA more relaxing way to commute to work
Improves parking situation
Available
anywhere, anytime, any place!Slide5
Why does vanpooling make sense for Employers?
A
valuable
employee benefit with little or no cost or support needed from the employer Helps address recruitment and retention issues for employees with long or difficult commutesImproves moral and can decrease employee tardiness and absenteeism More companies are offering this benefit
on a pre-tax and pre-FICA basis
Each vanpool can free up as many as 14
parking spotsSlide6
6Slide7
What
types of vehicles are used
?
Dodge CaravanChevy TraverseGM 8, 10, 12, 14 and 15 passenger vans Slide8
How much does it cost to vanpool?
*
Estimated
Monthly Gas
7 Pass Caravan7 Pass Traverse
8 Pass Factory
8 Pass Luxury
10 Pass Luxury
12 Pass Factory
12 Pass Luxury
14 Pass Luxury
15 Pass Factory
Monthly
Rate
(Plus Tax)
810.00
810.00
820.00
910.00
940.00
760.00
970.00
1,020.00
810.00
Wichita Transit Contribution
300.00
300.00
300.00
300.00
300.00
300.00
300.00
300.00
300.00
Net Monthly Rate
510.00
510.00
520.00
610.00
640.00
460.00
670.00
720.00
510.00
*
Estimated
Monthly Gas
Expense
150.00
150.00
200.00
200.00
200.00
230.00
230.00
230.00
230.00
Total Monthly Cost
660.00
660.00
720.00
810.00
840.00
690.00
900.00
950.00
740.00
Monthly Rate Per Person
95
95
90
101
84
58
75
68
50Slide9
How much does it cost to drive alone?
Slide10
How much can your employee save by vanpooling?
2014 AAA Annual Avg. Cost Per Mile = 59.17 Cents
15,000 Mile Yearly Commute =
$8,875.50Monthly Cost to Vanpool with Wichita Transit = $9515,000 Mile Yearly Commute = $1140.00Your employee could save up to $7,735.50 per year! Slide11
To Vanpool!Slide12
IRS section 132(f) Transportation Fringe Benefit
Online Guide: http://www.irs.gov/pub/irs-pdf/p15b.pdf
Qualified Transportation Benefits. This exclusion applies to the following benefit: – A ride in a commuter highway vehicle between the employee's home and work place. – A transit pass. – Qualified parking. – Qualified bicycle commuting reimbursement. Exclusion from wages. You can generally exclude the value of transportation benefits that you provide to an employee during 2015 from the employee's wages up to the following limits. – $130 per month for combined commuter highway vehicle transportation and transit passes.
– $245 per month for qualified parking. – For a calendar year, $20 multiplied by the number of qualified bicycle commuting months during that year for qualified bicycle commuting reimbursement of expenses incurred Slide13
Executive Order 13150
Federal Workforce Transportation
By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Transportation Equity Act for the 21st Century (Public Law 105-178), section 1911 of the Energy Policy Act of 1992 (Public Law 102-486), section 531(a)(1) of the Deficit Reduction Act of 1984 (26 U.S.C. 132), and the Federal Employees Clean Air Incentives Act (Public Law 103-172), and in order to reduce Federal employees' contribution to traffic congestion and air pollution and to expand their commuting alternatives, it is hereby ordered as follows:
Section 1. Mass Transportation and Vanpool Transportation Fringe Benefit Program.Slide14
Commuter
Choice
Benefit
May be offered by:Direct SponsorshipIndividual Pre TaxCombinationSlide15
How would an employee get started?
Sign Up at www.vride.com/wichita
Find A Ride or Create A Pool of your own
Find at least 4 co-workers that share your daily commuteSchedule a group meeting to discuss detailsPaperwork, Drivers, Fuel CardVanpool starts up!Slide16
Questions?
Mike Goulding
Account Manager
mike.goulding@vride.com(816) 556-6300