R. D Drenkow & Co.  Inc.  will be closed  Friday, July 3rd for the 4th of July holiday weekend.   We will reopen Monday, July 6th at 8am.

The IRS extended the deadline for Pharmacies and Drugstore to implement the Inventory Information Approval System (IIAS) or met the 90% Rule from January 1, 2009 until June 30, 2009.  Many merchants have been working with their point of sale vendors and the SIGIS group (www.sig-is.org) to get their facilities ready for this change.  Those implementing the IIAS greatly enhance the use of the electronic benefit cards because they can auto—substantiate claims at the point of sale.  Eliminating in most cases the need to submit receipts to our office.  To review the Notice 2008-104, click here

• Changes in the filing requirements for the 5500 form - Read More

How We Do It
We take pride in making tax-advantage benefit programs affordable for businesses of any size. We do not use one-year "introductory fees"; instead, a one-time set up fee is required for all new plans or a one-time takeover fee for all existing plans. This covers all documentation, employee meetings, installation, and staff training. A base fee and per-participant administration fee is charged. Administration is participant-driven and participant fees reflect the actual amount of work performed. All fees are clearly stated in our engagement letter and nothing will be billed until the engagement letter is signed.

Our staff has years of experience in administration, accounting and compliance matters.  We will help your company establish a Cafeteria Benefit Plan, Health Savings Account, Health Reimbursement Account and Qualified Retirement Plans, including Cross-Tested, ESOP and 401(k)'s.

  Online Cafeteria Account Information

    Employees online account access.

    Employers online account access.
    Employee Instructions to set up & access your account

   Employer debit card activation instructions