- Employers reimburse participant for tools required for employment and owned by participant.
- Expenses are determined by employer, and typically includes tools required for the job, that the employee owns.
Why?
Participant Benefits
- Employer-funded and tax-free to employee.
- Improves financial & mental wellbeing.
Employer Benefits
- Great for attracting employees in the healthcare, law enforcement, construction, and automotive industries.
- Tax-deductible.
- Improves recruiting, retention and engagement.