Plan Snapshot
- Plan Sponsor: Factor Systems, LLC. Dba Billtrust (A Wholly Owned Subsidiary Of Btrs
- Sponsor EIN: 833780685
- Sponsor Address: 1009 LENOX DRIVE, SUITE 101, LAWRENCEVILLE, NJ, 08648
- Plan Type: 401(k)
- Total Participants: 592
- Total Assets: $57.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 592 | $57.1M | $1.9M | $6.2M |
| 2023 | 618 | $49.1M | $2.0M | $6.4M |
| 2022 | 716 | $40.9M | $2.4M | $6.7M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| BDO USA, P.C. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO USA, P.C. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $95,713 | — | — | — | — |
| 2023 | $62,814 | — | $62,814 | — | — |
| 2022 | $20,158 | — | $20,158 | — | — |