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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

Jun
28

Our Offices closed on July 4th

Our offices will be closed on Monday, July 4th in Observance of Independence Day.  No claims or reimbursements will be processed this […]

May
25

Offices Closed Memorial Day

Our offices will be closed on Monday, May 30th in Observance of Memorial Day.  No claims or reimbursements will be […]

May
9

Flex Mobile App has been updated to Version 4.5

Our Advantage Administrators mobile app has been updated to Version 4.5.  If your phone does not do automatic updates, please search […]

May
5

IRS Information letter 2016-0013 Documentation Required

EBIA a leader in employee benefits and compliance comments on IRS Information letter 2016-0013:
“Documentation Required Before Reimbursing Expenses. Letter […]

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 […]

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.