Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS 401(k) match, vesting and fees
What Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Nationwide | Schedule C ↗ |
| Independent auditor | Bdo USA, P.C. (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,287 defined-contribution plans in professional, scientific, and technical services with 500 to 999 participants.
| Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS: employer contribution per participant | $2,742 | |
| Peer median | $2,600 |
| Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS: average balance | $82,359 | |
| Peer median | $84,124 |
| Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS: admin expenses ÷ assets | 0.18% | |
| Peer median | 0.17% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $44.3M at the end of plan year 2021 to $57.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 819 | $57.1M | $1.9M | $2,742 | 0.18% | Not published | Form 5500 ↗ |
| 2023 | 692 | $49.1M | $2M | $3,659 | 0.14% | Not published | Form 5500 ↗ |
| 2022 | 859 | $40.9M | $2.4M | $3,466 | 0.05% | Not published | Form 5500 ↗ |
| 2021 | 785 | $44.3M | $1.6M | $2,608 | 0.04% | Not published | Form 5500 ↗ |
Common questions
Does Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS match 401(k) contributions?
The match terms for the Factor Systems, Llc. DBA Billtrust (A Wholly Owned Subsidiary of Btrs Holdings) have not been published from its filing yet. The plan year 2024 filing reports $1.9M in employer contributions, about $2,742 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS 401(k) match vested?
The vesting schedule for the Factor Systems, Llc. DBA Billtrust (A Wholly Owned Subsidiary of Btrs Holdings) is not in the data published so far. Your Summary Plan Description states it.
Who manages the Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Nationwide. The plan administrator is Factor Systems, Llc. DBA Billtrust (A Wholly Owned Subsidiary of Btrs.
I left Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Factor Systems, Llc. DBA Billtrust (A Wholly Owned Subsidiary of Btrs, (609) 235-1010) or the recordkeeper, Nationwide. The Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS old 401(k) page lists the contacts from every plan filing. Find an old Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS 401(k)
Data from the public Form 5500 annual reports Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Factor Systems, LLC. DBA Billtrust (A Wholly Owned Subsidiary of BTRS. Not financial advice. Report a correction · Methodology