What is a vanpool?
A vanpool is a group seven to fifteen people who commute together to and from work in a late model 12- or 15-passenger van. The van is provided on a month-to-month basis by The TMA Group. Insurance, maintenance and repairs, license and registration are provided by The TMA Group. The riders share the monthly operating costs.
Monthly costs vary based upon the number of miles traveled and the number of riders in the vanpool. The average cost of vanpooling in Middle Tennessee is $85 plus actual fuel usage.
In addition, your employer can offer a commuter benefits program that includes vanpooling to further reduce your monthly commuting costs. Under the Internal Revenue Code Section 132(f)(2)(A), Qualified Transportation Fringe Benefit, your employer can:
(1) Provide you a tax-free benefit for vanpooling up to $125 per month (federal employees and certain other private and public employees are provided this benefit) ; or
(2) Provide you with the option to designate a portion of salary before taxes (pretax income) to pay for your monthly vanpool expenses.
One member of the vanpool group agrees to become the primary driver; there must be one or more other members of the group who agree to become an alternate driver in the event the primary driver is not available. A vanpool driver must be at least 25 years of age, hold a current and valid driver’s license, and a good driving record.
What is the commitment?
Any vanpool can be terminated with a written 30-day notice to The TMA Group.
How do I get home in case of an emergency?
The TMA Group’s Emergency Ride Home program takes the risk out of ridesharing. TMA will provide a free trip home for participants experiencing an unplanned emergency (up to six times a year).