Employer Guide

Employee Guide
Facebook LinkedIn Twitter Pinterest
FSAStore.com - The Flexible Spending Account Site

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: Trust Accounting, IRS Reporting, Consulting, Documentation and Compliance Testing.

Advantage Administrator plan options include:
  • Flex Advantage Plans
    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.
    — Flexible Spending Account Plans
    — Flex Credit Plans
    — Premium Only Plans

  • HRA Advantage Plans
    Health Reimbursement Arrangements (HRA), commonly known as a split-funded plan, allow employers to provide additional medical, dental and vision benefits to a specified group of employees while lowering insurance premiums.
    — Premium Advantage Plans
    — Basic Bridge Plans
    — Extreme Bridge Plans
    — Hybrid Bridge Plans

  • Retirement Advantage Plans
    Employers have the option to use low cost, no-load mutual funds, or use commissioned products from your own investment broker.
    — 401(k) Plans
    — Design-Based Plans
    — Employee Stock Ownership Plans (ESOPs)

 

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. We routinely provide detailed reports and updates to ensure your plan is heading in the right direction. We at Advantage Administrators pride ourselves on our ability to offer quality service in a timely and consistent manner. We are committed to providing innovative solutions to employee benefit needs. Plan administration is not just a part of our business; it is our business.

 

 

Important News


Our offices will be closed on Friday, April 18th. We will re-open at 8:00 AM on Monday, April 21st. Thank you - Advantage Administrators.


The IRS on October 31, 2013 issued a notice modifying the “use-it-or-lose-it” rule for Cafeteria plan Health Flexible Spending Accounts (heath FSAs).   Click here to read the rest of the memo.


October 2013 -  Recent IRS Guidance Impacting Health Reimbursement Plans and Cafeteria Plans

IRS Guidance Impacts Health Reimbursement and Cafeteria Plans


Q/A for HRA and Partially Self-Funded Medical Plans

PCOR Fees


IRS Delays "Pay or Play" Mandate for Employers

Delay in Pay or Play


Optional "PIN" now available for your Benny Benefit Card

Optional "PIN" Available for Benny Benefit Card Q/A


Employer Durbin Amendment Notice with Q/A

Employer Notice Durbin Amendment Q/A


Mobile Apps are available now for Apple and Android Users.  Download from your MyFlex Account.  Check your balance or file a claim from the convenience of your phone.


2013 Medical Mileage Rate

The mileage rate for 2013 is 24 cents per mile for medical purposes. This is up 1 cent from the 2012 plan year.


Is your Pharmacy certified to use your Flex Benefit Card? Check here .
   
HomeFormsFlex AdvantageHRA AdvantageRetirement AdvantageTestimonialsContact Us
Powered By Impact Marketing Technologies, Inc.
My1Plan