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What we do

Advantage Administrators formerly known as R.D. Drenkow & Co., Inc., was founded in 1987 by ERISA attorney Rodney D. Drenkow as an independent employee benefit consultant and administrator. Our experienced staff can help you establish a benefit plan that will satisfy the needs of your employees. As an independent third party administrator, we provide all the services necessary for tax-favored employee benefit programs, such as: Consulting, Documentation, Compliance testing, Trust Accounting, and IRS Reporting.

Download an infographic of our Product Offerings here.AA Product Offerings

Advantage Administrator plan options include:

A Defined Contribution is an effective and simple way for an employer to take control of employee benefit costs. The employer selects a set amount of money called a defined contribution that employees can use to enroll in any eligible group health insurance, ancillary insurance, or medical and dependent care reimbursement account.

Allows employers to offer tax-free reimbursements of qualified employee medical and/or dependent care expenses, or allows an employer to offer tax-free benefits to employees by giving credits.

  • Health Flexible Spending Accounts (Health FSA)
  • Dependent Care Assistance Program (DCAP)
  • Health Savings Accounts (HSA)
  • Limited Flexible Spending Account (LFSA)
  • Defined Contribution (DC)

An HRA Plan is an effective and simple way for an employer to take control of employee health care benefit costs.

Medical Expense Reimbursement HRA (Comprehensive HRA)
Partial Self Funding HRA (Basic and Extreme Bridge HRA)

Retirement Plan allow employees and owners to set aside pre-tax dollars for their future use:

  • Standard 401(k) Plan
  • Safe Harbor 401(k) Plan
  • Employee Stock Ownership Plan (ESOP)
  • Pension/Profit Sharing Plan



How to check your Flex debit card balance

There are three ways for an employee to check their Flex Visa Card […]


Legislation Delays Cadillac Tax and Suspends Health Insurer Fee Again

Legislation has once again delayed Cadillac tax and has suspended health insurer fee. The high-cost employer-sponsored health coverage (Cadillac tax) […]


Closed for Training

Advantage Administrator employees are completing their annual HIPAA compliance training and will be closed on Wed, Jan 17 from 11:45am […]


New Years

Advantage Administrators will be closed Monday, January 1, 2018 for New Years. Hope everyone has a blessed and happy holiday!


Holiday Closings

Advantage Administrators will be closed Friday, December 22 and Monday, December 25 for the holidays! Advantage Administrators will open at […]


Closed for Thanksgiving

Advantage Administrators will be closed Thursday, November 23 and Friday, November 24 for the holidays. Hope everyone has a wonderful […]

The Advantage

Any administrator can propose a plan, but we take our administration the extra mile for you and your employees by providing great customer service. Our knowledgeable staff is available to personally assist participants and employers. Plan administration is not just a part of our business; it is our business.