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    WageWorks, Inc. (WAGE)

    53.13 Down 0.20(0.38%) 4:00PM EDT
    |After Hours : 53.13 0.00 (0.00%) 4:13PM EDT
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    WageWorks, Inc.
    1100 Park Place
    4th Floor
    San Mateo, CA 94403
    United States - Map
    Phone: 650-577-5200
    Website: http://www.wageworks.com

    Index Membership:N/A
    Industry:Management Services
    Full Time Employees:1,548

    Business Summary 

    WageWorks, Inc. provides consumer-directed benefits programs (CDBs) to employees to save money on taxes in the United States. It offers flexible spending accounts (FSAs) that are employer-sponsored CDBs, which enable employees to set aside pre-tax dollars to pay for eligible healthcare expenses, such as co-pays, deductibles, and over-the-counter medical products, as well as for vision expenses, orthodontia, medical devices, and autism treatments. The company also provides FSA programs for dependent care plans that allow employees to set aside pre-tax dollars to pay for eligible dependent care expenses, which include child, day, adult, and elder care expenses. In addition, it offers employer-funded health reimbursement arrangements (HRAs) in which employers provide their employees with a specified amount of reimbursement funds that are available to help employees defray their out-of-pocket healthcare expenses comprising deductibles, co-insurance, and co-payments; and administers health savings accounts for employers that allow employee participants to invest funds to be used for qualified healthcare expenses at any time without federal tax liability or penalty. Further, it offers transportation fringe benefits consisting of parking; transit passes; transportation in a commuter highway vehicle or vanpooling; and bicycle commuting reimbursement. Additionally, it provides Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation services to employer clients to meet the employer’s obligation to make available continuation of coverage for participants, who are no longer eligible for the employer’s COBRA covered benefits, including medical, dental, vision, HRAs, and certain healthcare FSAs. The company was incorporated in 2000 and is headquartered in San Mateo, California.

    Key Statistics

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    Corporate Governance 
    WageWorks, Inc.’s ISS Governance QuickScore as of Mar 1, 2015 is 7. The pillar scores are Audit: 2; Board: 3; Shareholder Rights: 8; Compensation: 7.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Joseph L. Jackson , 54
    Chief Exec. Officer and Director
    Mr. Colm M. Callan , 46
    Chief Financial Officer
    Mr. Edgar O. Montes , 54
    Chief Operating Officer
    Ms. Kimberly L. Wilford Esq., 47
    Sr. VP, Gen. Counsel and Corp. Sec.
    Mr. Clem O'Donnell ,
    Co-founder, Sr. VP and Gen. Mang. of Commuter Services
    Amounts are as of Dec 31, 2014 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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