Justworks has partnered with Citi Bike for discounted bike memberships to keep your team happy and healthy. This partnership will be fully integrated through Justworks and available online. Once you provide access to Citi Bike to your team, your employees will receive an email with instructions on how to sign up. Justworks will bill the company directly for every employee that signs up.
Employer can choose to cover 50% or 100% of the annual membership cost for each employee that signs up for a Citi Bike membership through Justworks. If employers contribute 50% towards the cost, the total membership fee is $130.66 (including tax) and will cost $65.33 per employee. If employers choose to contribute 100% towards the cost, they will receive a discounted total membership fee of $108.88 (including tax).
Please also keep in mind that even though your company may be offering a Citi Bike membership through Justworks, it is still considered a fringe benefit. This means that the value of the membership is considered taxable income.
Why offer Citi Bike?
Citi Bike is an affordable, eco-friendly way for your employees to experience the city. Research shows that employees who exercise regularly are happier and more productive. An annual Citi Bike membership offers unlimited rides on 12,000 bikes between 750 stations in New York City and Jersey City.
About Citi Bike
Citi Bike is a growing transportation system consisting of thousands of bikes at hundreds of stations across New York and Jersey City. Each Citi Bike station has a touchscreen kiosk, a map of the service area and surrounding neighborhood, and a docking system that releases bikes for rental with a card or key.
Renewing Citi Bike through Justworks
Members can renew up to 60 days before their membership expires. Just follow these steps to renew under the Justworks account.
- Log in to your Citi Bike account here
- Under the "Membership Status" section, click "Renew"
- Once you're on the checkout page, click "I'm eligible for a Group Rate" in the upper-right hand corner. Select 'Justworks' from the dropdown menu
- Enter the company password and then your company email address
- Follow the remaining steps to complete renewal
Can I cancel or transfer my membership?
The member can be fully reimbursed for their membership within 30 days of their purchase. If a member purchased on January 1, they can be fully refunded until January 30 and the membership is transferrable.
If the member joins Justworks Citi Bike AFTER their 30-day reimbursement period, the member will need to wait until their membership expires to get onto their new plan and the membership is NOT transferable.
When can my employees use Citi Bike?
After your enrollment request is processed, your employees will receive an email alerting them of this new perk. All they have to do is sign up and they can start using their membership right away!
When will I be charged?
Once your employees start signing up, Citi Bike membership fees will be charged on the second payroll invoice of each month.
Are there any taxes and/or fees with the membership?
Citi Bike memberships are subject to sales tax which will be charged to the employer. The portion of your employees’ membership that is subsidized by your company will be considered taxable wages (subject to payroll taxes and withholdings) and reported on their W-2s.
How can I change the amount my company subsidizes?
Once the perk is active, you will be able to change your contribution amount in your benefits page. Just click on the “Summary details” in the Citi Bike section to start the process.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, legal or tax advice. If you have any legal or tax questions regarding this content or related issues, then you should consult with your professional legal or tax advisor.