Factor Systems Inc 401(k) Plan: Login, Facts & Contact Information
No Form 5500 has been filed for this plan since plan year 2020. The plan may have been terminated, merged into another plan, or moved to a new sponsor. Everything below comes from its last filing on record.
Factor Systems Inc 401(k) Login
Retirement plan providers can change. This information is from the plan's 2020 filing.
Factor Systems Inc 401(k) Plan Facts (plan year 2020)
Source: Form 5500 for plan year 2020 (Jan 1, 2020 – Dec 31, 2020), filed Dec 27, 2021. Public filing with the U.S. Department of Labor.
Money in and out in plan year 2020
- $5.79 million went into the plan in contributions, $464,349 of it from the employer (8%).
- $2.13 million was paid out to participants.
- Investment and other income added $4.80 million.
- Administrative expenses were $123,976, about $234 per account.
How the Factor Systems Inc 401(k) changed, 2015–2020
| Plan year | Participants | Plan assets | Employer contributions | Benefits paid |
|---|---|---|---|---|
| 2015 | 319 | $7.93 million | $384,030 | $419,168 |
| 2016 | 383 | $10.9 million | $626,989 | $600,216 |
| 2017 | 405 | $16.2 million | $857,823 | $678,520 |
| 2018 | 525 | $18.6 million | $1.03 million | $1.89 million |
| 2019 | 600 | $26.5 million | $1.18 million | $1.91 million |
| 2020 | 559 | $34.8 million | $464,349 | $2.13 million |
Factor Systems Inc 401(k) Contact Information
Questions about the Factor Systems Inc 401(k)
Is the Factor Systems Inc 401(k) plan still active?
We can't confirm that. The last Form 5500 on record for this plan covers plan year 2020, and no later filing was found under this employer's EIN.
Does Factor Systems Inc contribute to the 401(k)?
Yes. The plan reports an employer contribution arrangement. In plan year 2020 the employer contributed $464,349, 8% of all contributions.
Does the Factor Systems Inc 401(k) have automatic enrollment?
No. The plan does not report automatic enrollment; employees enroll themselves.
How many people are in the Factor Systems Inc 401(k) plan?
559 participants at the start of plan year 2020, 570 of them active employees, and 111 former employees who still had money in the plan.
What is the average 401(k) balance at Factor Systems Inc?
About $65,824 per account: $34.8 million in plan assets across 529 accounts with a balance at the end of plan year 2020.
Who manages the Factor Systems Inc 401(k) accounts?
Nationwide is the plan's recordkeeper, which is where participants log in to see their balance.