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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

Aug
30

Closed Labor Day

Our offices will be closed on Monday, September 4th in Observance of Labor Day.  Claims submissions received on Friday will […]

Aug
9

Phone And Fax Lines Are Currently Down

Road construction outside our office has inadvertently cut our phone lines.  We hope to be up and running tomorrow but […]

Jun
23

What’s Driving Medical Cost Trend Upward in 2018?

Learn more by clicking on the link below
http://healthcaretrendsinstitute.org/medical-cost-trend-2018/

Jun
21

9 myths about Section 125 cafeteria plans

Learn 9 myths about Section 125 cafeteria plans

Jun
12

PCORI Filing Due by July 31

Read more by clicking on the link below
https://benefitslink.com/m/url.cgi?n=39221&p=1496766095

May
22

Closed Memorial Day

Our offices will be closed on Monday, May 29th in observance of Memorial Day.

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.