WageWorks, Inc.

WageWorks, Inc. engages in administering consumer-directed benefits (CDBs) that empower employees to save money on taxes, and provide corporate tax advantages for employers in the United States. It administers CDBs, including pre-tax spending accounts, such as health savings accounts, health and dependent care flexible spending accounts, and health reimbursement arrangements, as well as offers commuter benefit services, such as transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act, and other employee benefits. As of January 31, 2019, it had approximately 7.9 million participant accounts from approximately 75,000 employer clients. WageWorks, Inc. was incorporated in 2000 and is based in Draper, Utah. As of August 30, 2019, WageWorks, Inc. operates as a subsidiary of HealthEquity, Inc.