Connect with us:


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



Health Care Mileage reduced for 2016

Health Care mileage reimbursement rate was reduced for 2016 from 23 cents per mile to 19 cents per mile.  When […]


Cadillac Tax Delayed until 2020

On Friday, December 18, 2015 President Obama signed an appropriations bill that included a delay in implementation of the excise […]


Holiday Closures and Reminders

Our offices will be closed on the following days – December 24 and 25 2015.  Participants wanting to receive reimbursement deposits […]


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 […]

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.