401(k) · DOL Form 5500 · 2022

Factor Systems, LLC. 401(k) Plan

Data updated 2026-08-25

$41M
Total assets Below avg plan size
648
Participants Below avg headcount
86th
Percentile by assets National rank
$63,163
Avg per participant Low balance/head
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Official DOL plan name: Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) · Sponsored by Factor Systems, LLC. · New Jersey · Professional & Technical Services

$41M in assets, 648 participants

Factor Systems, LLC.'s Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) reported $41M in total assets and 648 participants in its 2022 DOL Form 5500 filing, ranking in the 86th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #18,797 in Professional & Technical Services (21,562 peers)

Where Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) sits by assets

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) sits in the top quartile of all filed plans by assets, $41M for 648 participants (~$63,163/participant), down 7.5% in 2022.

#18,797
in Professional & Technical Services (21,562 peers)
-7.5%
assets change YoY
0.4×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)'s outsized position by total assets

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$40,929,727 Top 14% higher than 86% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) sits mid-pack in the medium band (648 participants).

Plan-year Form 5500 strip

Filing strip 833780685 · Factor Systems, LLC. PY 2022 · 401(k)

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) · $41M · 648 · 86th

  • BOY $41M
  • BOY 648
  • BOY 86th
  • BOY 401(k)
  • BOY near Eis 401(k) Plan
  • BOY ind #18797

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in New Jersey →

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) in the asset neighbourhood

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)Factor Systems, LLC. Dba Bil…$41MEis 401(k) Plan$41MMyfuture 401(k) Retirement Savings PlanMyfuture 401(k) Retirement S…$41MHealthstar Physicians PC 401(k) Retirement PlanHealthstar Physicians PC 401…$41MStg Logistics Retirement Plan$41M
End-of-year total assets ($M) among Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$44M
Net Assets (End of Year)$41M
Net Income-$3M
Employer EIN833780685
Plan Effective Date2003-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Factor Systems, LLC.)

Sponsor-wide plan assets over time

All Factor Systems, LLC. plans reported in each filing year

Latest sponsor-wide plan assets
$57M 39.446092567389954% vs 2022
2024 filing year
$35M$40M$45M$50M$55M$60M 202220232024 $40.9M $57.1M ▲ +39.4%
Year Plans Participants Total Assets
2022 1 648 $41M
2023 1 716 $49M
2024 1 618 $57M

Nearby 401(k) Plans in New Jersey

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) vs. nearby 401(k) plans in New Jersey, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings), Total assets ($B): 0.040929727 · Participants: 648Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)JPMorgan Chase 401(k) Savings Plan, Total assets ($B): 36.787229834 · Participants: 168280JPMorgan Chase 401(k) Savings PlanVerizon Savings Plan for Management Employees, Total assets ($B): 25.16607858 · Participants: 76788Verizon Savings Plan for Management EmployeesJohnson and Johnson Savings Plan, Total assets ($B): 21.189900271 · Participants: 43271Johnson and Johnson Savings PlanPfizer Savings Plan, Total assets ($B): 17.828820505 · Participants: 27796Pfizer Savings PlanErnst & Young Retirement Savings Plan, Total assets ($B): 12.40459021 · Participants: 52975Ernst & Young Retirement Savings Plan
Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) vs. nearby 401(k) plans in New Jersey, assets vs. participants
Compare Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) side-by-side with 3 peers →

Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)'s out-of-state 401(k) peers by assets and headcount

Outside New Jersey, the nearest 401(k) by assets is Eis 401(k) Plan in GA ($41M); by covered participants it is Greenwich Aerogroup, Inc. Retirement Savings Plan in CT (648 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($41M here).

Similar participant headcount

Nearest other-state filings by covered participants (648 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) assets move in 2022? ▼
Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) pulled back noticeably - down 7.5% during 2022, from $44M to $41M. Reported net income was -$3M.
How have Factor Systems, LLC. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Factor Systems, LLC.'s sponsor-wide assets grew 39.4%, from $41M to $57M.
Where does Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) rank by assets among Form 5500 filers? ▼
Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings) ranks in the 86th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)? ▼
Among 401(k) plans in other states, the closest by assets is Eis 401(k) Plan in GA ($41M, 454 participants).
Which 401(k) plans cover a similar participant headcount to Factor Systems, LLC. Dba Billtrust (a Wholly Owned Subsidiary of Btrs Holdings)? ▼
Among 401(k) plans in other states, the closest by covered participants is Greenwich Aerogroup, Inc. Retirement Savings Plan in CT (648 participants, $42M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 833780685.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.