Factor Systems, LLC. DBA Billtrust (a Wholly Owned Subsidiary of Btrs 401(k) Review & Grade
Factor Systems, LLC. DBA Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)
Lawrenceville, NJProfessional, Scientific & Technical Services605 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,141Employer $ per active participant
$10,239Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$57.1MNet plan assets, end of year
$82,359Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost14.4 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 58th |
| Employee saving | 61th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Factor Systems, LLC. DBA Billtrust (a Wholly Owned Subsidiary of Btrs put in about $3,141 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,900,189 |
| Participant (employee) contributions | $6,194,806 |
| Other contributions (incl. rollovers in) | $726,482 |
| Administrative expenses paid from the plan | $95,713 |
| Benefits paid out | $8,148,200 |
| Net assets, start / end of year | $49.1M / $57.1M |
| Active participants, start / end of year | 618 / 592 |
| Participants with account balances | 693 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Creative Planning | $59,943 reported compensation |
| Nationwide | $37,767 reported compensation |
| Proaccount | $15,174 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112830NAL0002756529001, received 2025-10-14, EIN 83-3780685, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.