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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

Dec
15

New Years

Advantage Administrators will be closed Monday, January 1, 2018 for New Years. Hope everyone has a blessed and happy holiday!

Dec
4

Holiday Closings

Advantage Administrators will be closed Friday, December 22 and Monday, December 25 for the holidays! Advantage Administrators will open at […]

Nov
17

Closed for Thanksgiving

Advantage Administrators will be closed Thursday, November 23 and Friday, November 24 for the holidays. Hope everyone has a wonderful […]

Nov
10

Online Account Access and Mobile App Maintenance

Saturday, November 11, 3:00 p.m. – 12:00 a.m. Midnight Central Time our online account access and mobile apps will be completing […]

Nov
2

MICROSOFT INTERNET EXPLORER COMPATIBILITY

IMPORTANT NOTICE:
MICROSOFT INTERNET EXPLORER […]

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 […]

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.