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Original filing (PDF)20251014112830NAL0002756529001
FACTOR SYSTEMS, LLC. DBA BILLTRUST (A WHOLLY OWNED SUBSIDIARY OF BTRS
Form 5500
FILING_RECEIVED
FACTOR SYSTEMS, LLC. DBA BILLTRUST (A WHOLLY OWNED SUBSIDIARY OF BTRS HOLDINGS)
401(k) retirement plan
Active participants
592
Accounts w/ balance
693
Plan assets (EOY)
$57.1M
Net assets (EOY)
$57.1M
How this plan invests
This plan
121 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
95
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
80
Vendor stack
100
Participation health
100
Knocking points off
- 20 bps in Schedule C fees — modestly above peer band of 16 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for FACTOR SYSTEMS, LLC. DBA BILLTRUST (A WHOLLY OWNED SUBSIDIARY OF BTRS.
Plan sponsor
Name
FACTOR SYSTEMS, LLC. DBA BILLTRUST (A WHOLLY OWNED SUBSIDIARY OF BTRS
EIN
83-3780685
Address
1009 LENOX DRIVE, SUITE 101 · LAWRENCEVILLE, NJ · 08648
Phone
(609) 235-1010
Industry
All Other Professional Services· Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-14
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
3H · Sponsor in controlled / affiliated group
Audit & trust (Schedule H)
Auditor
BDO USA, P.C.
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsRecordkeeper
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| NATIONWIDE | — | COLUMBUS, OH | RECORDKEEPER | $38K | — |
Advisor / Consultant
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| CREATIVE PLANNING | 43-1270780 | SHAWNEE MISSION, KS | ADVISOR | $60K | — |
| PROACCOUNT | 73-0988442 | — | INVESTMENT ADVISORY | $15K | — |
Investments
112 direct securities· $58.1M(100% of reported assets)
Uncategorized
$57.9M
109 holdings
Mutual Funds
$157K
3 holdings
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Nuveen Lifecycle Index 2045 Fund Class R6 | — | — | — | $8.6M | 15.1% | |
| Nuveen Lifecycle Index 2055 Fund Class R6 | — | — | — | $6.5M | 11.5% | |
| Vanguard Vngrd 500 Index Fd As | — | — | — | $6.2M | 10.9% | |
| Nuveen Lifecycle Index 2035 Fund Class R6 | — | — | — | $4.9M | 8.6% | |
| Vanguard Vngrd Ttl Stmkt Indx Fd As | — | — | — | $3.7M | 6.6% | |
| Market Fund Premier Class Fidelity Advisor Growth Opportunities | — | — | — | $2.7M | 4.7% | |
| VNGRD MID-CAP IDX FD AS MUTUAL FUND | — | — | — | $2.5M | 4.4% | |
| Vanguard Vngrd Sm Cap Indx Fd As | — | — | — | $2.1M | 3.7% | |
| Nuveen Lifecycle Index 2025 Fund Class R6 | — | — | — | $1.9M | 3.3% | |
| Vanguard Vngrd Bal Indx Adml | — | — | — | $1.7M | 3.0% | |
| Vanguard Vngrd Val Indx Adml | — | — | — | $1.7M | 2.9% | |
| Vanguard Vngrd Devl Mkt Indx Adml | — | — | — | $1.5M | 2.6% | |
| Nuveen Lifecycle Index 2060 Fund Class R6 | — | — | — | $1.4M | 2.5% | |
| Nuveen Lifecycle Index 2040 Fund Class R6 | — | — | — | $1.2M | 2.0% | |
| Investments at Contract Value * Nationwide Life Insurance Company Fixed Select Contract | — | — | — | $1.0M | 1.8% | |
| Nuveen Lifecycle Index 2050 Fund Class R6 | — | — | — | $784K | 1.4% | |
| Fidelity Fid 500 Indx | — | — | — | $540K | 0.9% | |
| Vanguard Vngrd Ttl Bnd Mkt Ldx Adm | — | — | — | $509K | 0.9% | |
| Nuveen Lifecycle Index Retirement Inc R6 | — | — | — | $425K | 0.7% | |
| Vanguard Vngrd Emrg Mkt Stkindxadml | — | — | — | $375K | 0.7% | |
| Participant Loans Interest rates ranging from 5.25% to 10.5% - | — | — | — | $347K | 0.6% | |
| Vanguard Vngrd Wlsly Inc Adml | — | — | — | $327K | 0.6% | |
| PIMCO Pimcocomdyrealrtnstratinst | — | — | — | $270K | 0.5% | |
| Dodge & Cox Dodge & Cox International Stock Fund | — | — | — | $264K | 0.5% | |
| DODGECOX INTL STK CLASS I MUTUAL FUND | — | — | — | $264K | 0.5% | |
| Fidelity Fid Intl Indx | — | — | — | $260K | 0.5% | |
| Fidelity Fidadv Enrgy I 84 Fidelity Fidadv Gr Oppr Inst 815 Fidelity Fidadv Util I 41 FirstEagle Gold Class Frstegle Gold R6 103 Goldman Sachs Gdmnscs Gqgptnrintloppr R6 | — | — | — | $260K | 0.5% | |
| Loomis Nw Loomis Allcap Gr R6 | — | — | — | $242K | 0.4% | |
| AVNTS US LGCAP VAL INST MUTUAL FUND | — | — | — | $232K | 0.4% | |
| Institutional 3 Class Avantis U.S. Large Cap Value Fund | — | — | — | $232K | 0.4% | |
| VANGUARD FED MONEY MKT FUND - INVESTR CLMUTUAL FUND | — | — | — | $231K | 0.4% | |
| Investor Class Putman Ptnm Lgcap Val R6 | — | — | — | $218K | 0.4% | |
| Fidelity Fid Infl Prtct Bd Indx | — | — | — | $214K | 0.4% | |
| JP Morgan Jpm Lgcap Gr R6 | — | — | — | $214K | 0.4% | |
| AVNTS EMRG MKT EQ INST MUTUAL FUND | — | — | — | $205K | 0.4% | |
| Avantis Emerging Markets Equity Fund Inst | — | — | — | $205K | 0.4% | |
| JP Morgan Jnshndrsn Glbl Lf Scnc N 49 JP Morgan Jpm Eq Inc R5 | — | — | — | $203K | 0.4% | |
| Class I Federated Hermes Fed Hrms Gov Oblgtns Prmr | — | — | — | $180K | 0.3% | |
| Bond Fund Class R6 Shares Nuveen Lifecycle Index 2065 Fund Class R6 | — | — | — | $149K | 0.3% | |
| PGIM Ttl Rtn Bd R6 | — | — | — | $146K | 0.3% | |
| Dimensional Dfa Us Core Eq 2 Inst | — | — | — | $141K | 0.2% | |
| s (continued) Federated Hermes Federated Hermes Institutional High Yield | Mutual Funds | — | — | $139K | 0.2% | |
| FED HRMS INST HIYLDBD R6 MUTUAL FUND | — | — | — | $139K | 0.2% | |
| Nuveen Lifecycle Index 2030 Fund Class R6 | — | — | — | $136K | 0.2% | |
| MFS Mdcap Gr R6 | — | — | — | $128K | 0.2% | |
| Diamond Hill Diamond Hill Mdcap I | — | — | — | $127K | 0.2% | |
| Fidelity Fid Us Bd Indx | — | — | — | $124K | 0.2% | |
| Principal Prncpl Glbl Realest R6 | — | — | — | $123K | 0.2% | |
| Fund Class Z Invesco Small Cap Value Fund Class R6 | — | — | — | $109K | 0.2% | |
| Vanguard Vngrd Realest Indx Adml | — | — | — | $108K | 0.2% | |
| Vanguard Vngrd Ttl Intl Bd Idx Adml | — | — | — | $103K | 0.2% | |
| Legal & General Legal & General Commodity Strategy Fund | — | — | — | $102K | 0.2% | |
| American Funds Amfds Europacfc Gr R6 | — | — | — | $92K | 0.2% | |
| Vanguard Vngrd Gr Indx Adml | — | — | — | $90K | 0.2% | |
| Blackrock High Yield Portfolio Class K | — | — | — | $81K | 0.1% | |
| Dimensional Dfa Intl Core Equity 2 Portfolio Inst | — | — | — | $77K | 0.1% | |
| PIMCO Real Rtn Inst | — | — | — | $75K | 0.1% | |
| Fidelity Fid Lg Cap Gr Indx | — | — | — | $74K | 0.1% | |
| TROWEPR SPCTRMMODGRALLOC I MUTUAL FUND | — | — | — | $69K | 0.1% | |
| T.Rowe Price Spectrum Mod Growth Alloca Fund I Class | — | — | — | $69K | 0.1% | |
| Amana Gr Inv | — | — | — | $67K | 0.1% | |
| Vanguard Vngrd Explr Adml | — | — | — | $65K | 0.1% | |
| Avantis U.S. Small Cap Value Fund | — | — | — | $65K | 0.1% | |
| AVNTS US SMCAP VAL INST MUTUAL FUND | — | — | — | $65K | 0.1% | |
| Vanguard Vngrd Intdtrmtrsind Adml | — | — | — | $61K | 0.1% | |
| Institutional Shares Principal Midcap Value Fund I Class R6 | — | — | — | $53K | <0.1% | |
| Vanguard Vngrd Mdcap Gr Indx Adml | — | — | — | $53K | <0.1% | |
| Vanguard Vngrd Info Tech Indx Adml | — | — | — | $52K | <0.1% | |
| Vanguard Vngrd Mdcap Val Indx Adml | — | — | — | $40K | <0.1% | |
| American Funds Amfds Devl Wld Gr Inc R6 | — | — | — | $39K | <0.1% | |
| Goldman Sachs Gdmnscs Gr Oppr Inst | — | — | — | $38K | <0.1% | |
| Vanguard Vngrd Ttl Intlstkindx Adml | — | — | — | $32K | <0.1% | |
| AB Global Ab Global Bond Fund Class Z | — | — | — | $31K | <0.1% | |
| AB GLBL BD Z MUTUAL FUND | — | — | — | $31K | <0.1% | |
| Columbia Col Sel Lgcap Val Inst2 36 Dimensional Dfa Emrg Mkts Core Eq 2 Portfolio Inst | — | — | — | $26K | <0.1% | |
| Blackrock Blkrk Ttl Rtn K | — | — | — | $26K | <0.1% | |
| Dimensional Dfa Us Lg Co | — | — | — | $21K | <0.1% | |
| Nuveen Lifecycle Index 2010 Fund Class R6 | — | — | — | $19K | <0.1% | |
| Morgan Stanley Msif Inst Gr I | — | — | — | $18K | <0.1% | |
| Vanguard Vngrd Smcap Gr Indx Adml | — | — | — | $17K | <0.1% | |
| Vanguard Vngrd Smcap Val Indx Adml | — | — | — | $17K | <0.1% | |
| Amana Devl Wld Inv | — | — | — | $16K | <0.1% | |
| Nuveen Large Cap Responsible Equity R6 | — | — | — | $16K | <0.1% | |
| Vanguard Vngrd Comdty Strat Adml | — | — | — | $15K | <0.1% | |
| Amcent Realest R6 | — | — | — | $14K | <0.1% | |
| Dimensional Dfa Glbl Realest Sec Inst | — | — | — | $14K | <0.1% | |
| JP Morgan Jpmorgan U.S. Treasury Plus Money | — | — | — | $12K | <0.1% | |
| American Funds Amfds Infl Lnkd Bd R6 46 American Funds Amfds New Wld R6 | — | — | — | $11K | <0.1% | |
| Amana Partcptn Inst | — | — | — | $11K | <0.1% | |
| Amana Inc Inv | — | — | — | $10K | <0.1% | |
| Vanguard Vngrd Gr Inc Adml | — | — | — | $9K | <0.1% | |
| s (continued) Nuveen Lifecycle Index 2015 Fund Class R6 | Mutual Funds | — | — | $9K | <0.1% | |
| Vanguard Vngrd Wlngtn Inv 778 Fidelity Government Money Market Fund 423 Class K6 Columbia Small Cap Value Fund Ii | — | — | — | $9K | <0.1% | |
| COL SMCAP VAL II INST 3 MUTUAL FUND | — | — | — | $9K | <0.1% | |
| Vanguard Vngrd Hlth Care Indx Adml | — | — | — | $9K | <0.1% | |
| AllianceBerstein Ab Glbl Bd I 895 SS&C ALPS Ktk India Gr I | Mutual Funds | — | — | $8K | <0.1% | |
| Vanguard Vngrd Divd App Indx Adml | — | — | — | $8K | <0.1% | |
| Vanguard Vngrd Intl Gr Adml | — | — | — | $7K | <0.1% | |
| Vanguard Vngrd Pacfc Stk Indx Adml | — | — | — | $6K | <0.1% | |
| Putman Putnam Growth Opportunities Class R6 | — | — | — | $6K | <0.1% | |
| PTNM GR OPPR R6 MUTUAL FUND | — | — | — | $6K | <0.1% | |
| BNYM Bnymel Smmdcap Gr I 193 Calvert Clvrt Smcap I | — | — | — | $6K | <0.1% | |
| AQR Lgcap Defn Style I | — | — | — | $6K | <0.1% | |
| Vanguard Vngrd Fin Indx Adml | — | — | — | $5K | <0.1% | |
| Vanguard Vngrd Hlth Care Adml | — | — | — | $5K | <0.1% | |
| Blackrock Blkrk Is Rslsmmdcapindx K | — | — | — | $4K | <0.1% | |
| Ambcn Ark Trans Innov Y | — | — | — | $4K | <0.1% | |
| AMERICAN BEACON ARK TRANSFORMATIONAL INNMUTUAL FUND | — | — | — | $4K | <0.1% | |
| Vanguard Vngrd Cnsmr Stpls Adml | — | — | — | $4K | <0.1% | |
| Vanguard Vngrd Util Indx Adml | — | — | — | $3K | <0.1% | |
| American Funds Amfds Cap Wld Gr Inc R6 | — | — | — | $2K | <0.1% | |
| Nuveen Lifecycle Index 2020 Fund Class R6 | — | — | — | $2K | <0.1% |