Administration
Important News From R.D. Drenkow & Co. Inc.

Benefits Administration

Is your Pharmacy certified to use your Flex Benefit Card? Check here www.sig-is.org

When is a child not a dependent?  Click here for an excellent article explaining how a child qualifies as a dependent.

Is your flex benefit plan coming to a end soon?   December 31, 2009 is the plan year end for over 95% of our Flex Benefit Plans.  If you haven’t turned your health and dependent care expenses in to us already now is the time.  Check your account online for your current balance or any outstanding debit card verifications.  Taking care of this now will be one less worry during the year end holiday rush. 

  • 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

What We Do
It may be more important for you to first understand what we do not do. We do not sell insurance or investments and do not receive or accept commissions. Furthermore, the company is not owned by an investment company and stays free of any conflicts of interest by not accepting or receiving any incentives from investment companies. As an independent third party administrator, we provide all the services necessary for tax-favored employee benefit programs:
  • RD Drenkow - What we doTrust accounting
  • IRS reporting
  • Consulting
  • Documentation
  • Compliance Testing
  • Claims/distributions processing
  • Employee Statements

From design of the plan, to employee communication, to completing the required reports…we do it all.
Benefit Plan Calculator