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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.

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
24

IRS announces 2015 HSA Limits

Maximum contributions to health savings accounts will jump slightly next year, the IRS announced. It will increase $50 for individuals [...]

Apr
22

2014 HSA Annual Contribution

Self-Only Coverage  $3,300.00
Family Coverage $6,550.00
2014 HSA Insurance Policy

Self-only coverage

Family [...]

Mar
21

Recent IRS Guidance Impacting Health Reimbursement Plans and Cafeteria Plans

IRS Notice 2013-54
In September 2013 the IRS issued Notice 2013-54, which attempted to answer several questions concerning the implementation [...]

Mar
21

IRS modifies “use-it-or-lose-it” rule

The IRS on October 31, 2013 issued a notice modifying the “use-it-or-lose-it” rule for Cafeteria
plan Health Flexible Spending Accounts [...]

Mar
21

Q/A for HRA and Partially Self-Funded Medical Plans

“PCOR” FEES
Patient-Centered Outcomes Research Fees
What are “PCOR” Fees?
The Patient Protection and Affordable Care Act (PPACA) instituted a fee [...]

Mar
21

IRS Delays “Pay or Play” Mandate for Employers

It was announced yesterday (July 2nd) that under regulatory guidance to be issued next week, the “employer responsibility” mandate (commonly [...]

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.