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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




Our offices will be closed January 2, 2017 for the New Year Holiday.
We encourage participants to turn in their Flex […]


My Flex System Maintenance

Our Flex system portals including the Employer Flex, My Flex and Mobile Apps will be down for routine maintenance on […]


Health FSA Limit Increases to $2600.00

Excerpt from Rev. Proc. 2016-55       16 Cafeteria Plans. For the taxable years beginning in 2017, the dollar […]


Ten Tips for Easy Open Enrollment

Ten Tips for Easy Open Enrollment
We all know that enrollment can be complicated. But with the following tips, […]


Office Closed Monday, September 5th – Labor Day

Our office will be closed all day Monday, September 5th for the Labor Day Holiday.  Have a Happy and Safe […]


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 […]

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.