2023 Form 5500 filing — Factor Systems, LLC. Dba Billtrust (A Wholly Owned Subsidiary Of Btrs Holdings)
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20241015104530NAL0016169219001) for Factor Systems, LLC. Dba Billtrust (A Wholly Owned Subsidiary Of Btrs Holdings), reported by Factor Systems, LLC. Dba Billtrust (A Wholly Owned Subsidiary Of Btrs under EIN 83-3780685 and plan number 001. It reports 859 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20241015104530NAL0016169219001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Factor Systems, LLC. Dba Billtrust (A Wholly Owned Subsidiary Of Btrs
- EIN
- 83-3780685
- Plan number
- 001
- Location
- Lawrenceville, NJ
- Participants
- 859
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $49,073,417
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $49,073,417
- Employer contributions
- $2,027,270
- Participant contributions
- $6,401,678
- Total income / additions
- $16,479,403
- Benefits paid
- $8,266,991
- Administrative expenses
- $62,814
- Total expenses
- $8,334,973
- Net increase / (decrease)
- $8,144,430
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Nationwide Insurance | TRUST RECORDKEEPER | $116,000 | $0 |
| Mml Insurance Agency | INVESTMENT ADVISOR | $0 | $25,825 |
| Creative Planning | INVESTMENT ADVISOR | $22,507 | not reported in the loaded dataset |
| Envestnet Retirement Solutions | INVESTEMENT ADVISOR | $5,075 | not reported in the loaded dataset |