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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



Happy Holidays Office Closed Dates

Happy Holidays,  Our offices will be closed on the following dates to allow our employees time to the celebrate the […]


IRS Announces Increase in Maximum Employee Health FSA

IRS Announces Increase in Maximum Employee Health Flexible Spending Account Contribution Amount
The Affordable Care Act capped employee pre-tax contributions to […]


Reminder 2015 Health Savings Account Contribution limits and Deductible requirements

As open enrollment approaches,  Advantage Administrators wants to remind you of the 2015 Health Savings Account Limits.
In Revenue Procedure […]


Health Care IDs

Under HIPAA, plans that provide health benefits are required to conduct electronic transactions using standards and code sets designated by […]


System Maintenance on Saturday, September 6, 2014

Our mobile and online system will have routine maintenance completed on Saturday, September 6, 2014.  The mobile and online systems […]


Office Closed on Labor Day

Our offices will be closed Monday, September 1, 2014 in observance of Labor 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.