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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



Thanksgiving Holiday Closures and Reminders

Our offices will be closed Thursday, November 26th and Friday, November 27th for our staff to spend the Holiday with […]


Consumer Portal, Employer Portal and the Mobile App Scheduled Maintenance

Saturday, November 14, 2015 from 1:00 p.m.- 12:00 a.m. (cst) our Consumer Portal, Employer Portal and Mobile App will be offline […]


Offices Closed Labor Day

Our offices will be closed Monday, September 7th in Observance of Labor Day.  We wish you a happy and safe […]


Flex Systems portals unavailable August 22nd

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


IRS releases 2016 adjustments for Health Savings Accounts

For calendar year 2016, the annual deductions limits are $3,350.00 for individuals with self-only coverage under a high deductible health […]


EBIA – Posting SPD on Intranet Insufficient Electronic Disclosure Without Notice to Participants

From the March 26, 2015 EBIA Weekly

[Thomas v. CIGNA Group Ins., 2015 WL 893534 (E.D.N.Y. 2015)]

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.