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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

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The Advantage Administrators annual revenue was $5.8 million in 2026.

6 people are employed at Advantage Administrators.

Advantage Administrators is based in Waverly, Iowa.

The NAICS codes for Advantage Administrators are [525, 5251, 52511, 525110, 52].

The SIC codes for Advantage Administrators are [63, 637].

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