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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

News

Apr
29

IRS releases 2017 Health Savings Account Limits

The IRS has issued limits and guidelines for the 2017 Health Savings Account.
Maximum Contributions will be $3,400 for an […]

Mar
25

Offices Closing at 4:00 pm Friday, March 25th

Our offices will be closing at 4:00 p.m. Friday March, 25th.  We will re-open on Monday, March 28th at 8:00 […]

Mar
24

Worksheet and Webinar slides regarding Benefit Rewards

Thank you to those who attend today’s Webinar regarding Notice 2015-87 and Rewarding Employee Choice.  Below you will find a […]

Mar
16

IRS Notice 2015-87

The Patient Protection and Affordable Care Act (ACA) requires, among other things, that employers provide “affordable” major medical coverage to […]

Jan
5

Health Care Mileage reduced for 2016

Health Care mileage reimbursement rate was reduced for 2016 from 23 cents per mile to 19 cents per mile.  When […]

Dec
21

Cadillac Tax Delayed until 2020

On Friday, December 18, 2015 President Obama signed an appropriations bill that included a delay in implementation of the excise […]

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.