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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

Jun
27

Closed 4th of July

Advantage Administrators will be closed Wednesday July, 4th. We will reopen Thursday, July 5th at 8 a.m.

Apr
10

3 Ways to Help Your Employees Manage Their Healthcare Expenses

The United States now spends almost twice as much on healthcare as other advanced industrialized countries, even though just a few decades […]

Mar
26

Closed Good Friday

Advantage Administrators will be closed March 30, 2018 for Good Friday. Hope everyone has a wonderful Easter!

Mar
5

IRS announces family contribution changes for HSAs

 

Today, the IRS published Internal Revenue Bulletin (IRB) 2018-10 […]

Jan
29

How to check your Flex debit card balance

There are three ways for an employee to check their Flex Visa Card […]

Jan
29

Legislation Delays Cadillac Tax and Suspends Health Insurer Fee Again

Legislation has once again delayed Cadillac tax and has suspended health insurer fee. The high-cost employer-sponsored health coverage (Cadillac tax) […]

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.