What are the opening hours?

Monday 8am - 5pm Tuesday 8am - 5pm Wednesday 8am - 5pm Thursday 8am - 5pm Friday 8am - 5pm

Advantage Administrators

Home
United States
Waverly, IA
Advantage Administrators

We're a family-owned & operated third party administrator located in Waverly, Iowa. Follow us to learn more! Advantage Administrators, formerly known as R.D.

We believe that talking to a machine is not the way to do customer service, so your call will always be answered by a live representative. 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 indepe

ndent 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.

06/01/2026

We want to congratulate Amanda on her three-year work anniversary! Thank you for your hard work these last three years!

05/26/2026

“High-performing companies should be striving to create a great place for great people to do great work.” -Marilyn Carlson

05/21/2026

Over 40% of workers say that their company loyalty would increase if their benefit options were customized to meet their individual needs.

Source: United Insurance Agency

05/19/2026

When making a claim with your HSA or FSA, the claim will need to be approved to ensure that it is an eligible expense. Check out a few tips to make sure your claim gets approved by visiting https://advantageadmin.com/tips-to-get-your-claim-approved/.

05/14/2026

What expenses can childcare benefits cover? They can cover expenses for home child care providers, dependent care centers, sick child facilities, adult elder care, after-school care, extended day programs and more!

05/12/2026

Are you thinking about enrolling in an FSA? Learn everything you need to know through Advantage Administrators’ Quickstart Guide by visiting https://advantageadmin.com/wpcontent/uploads/2018/10/WEX-Health-Cloud_Consumer-Portal-QuickStart-Guide-092418.pdf.

05/07/2026

A health savings account (HSA) or medical flexible spending account (FSA) can be used to purchase eligible expenses. The list of things that are eligible is sizable and growing. Learn about five surprising eligible expenses for your FSA or HSA by visiting https://advantageadmin.com/5-surprising-eligible-expenses-for-your-hsa-and-fsa/.

05/04/2026

Congratulations to Lisa who is celebrating her work anniversary today!

04/28/2026

HSA funds CAN be invested while FSA funds CAN’T. Both FSA and HSA funds can be used for doctors visits, dental care, eye care and more. Both HSAs and FSAs can benefit you, no matter your age or health!

04/23/2026

As an employer, you want to make employee benefits as easy as possible for your staff. Our plans provide your employees with benefits debit cards, loaded with their HSA or FSA funds. These cards have several benefits, including ease of use, automatic substantiation and reduced questions from confused employees about how to use their benefits.

Address

100 2nd Street SW
Waverly, IA
50677

Opening Hours

Monday	8am - 5pm
Tuesday	8am - 5pm
Wednesday	8am - 5pm
Thursday	8am - 5pm
Friday	8am - 5pm

Telephone

+18003831623

Website

http://www.advantageadmin.com/

Alerts

Be the first to know and let us send you an email when Advantage Administrators posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Shortcuts

Want your business to be the top-listed Finance Company in Waverly?