Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Factor Law
Factor Law 401(k)
- Professional, scientific, and technical services
- Chicago, IL
- EIN 83-3433229
- 1 plan with Schedule H financials
- Plan year 2024
- Factor Law, Inc.
- filed as Factor Law Inc.
Administrative expenses excluding investment management, per participant · Factor 401(k) Retirement Plan · plan year 2024
$142.20
Higher than 63% of the 14,713 plans $1 to 10M that report it.
Source
= $13,793 / 97
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014120802NAL0002848433001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014120802NAL0002848433001, received 2025-10-14
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-14.
Cost and contributions
Administrative expenses per participant
$142.20
Higher than 48% of the 15,210 plans $1 to 10M that report it.
Source
= $13,793 / 97
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014120802NAL0002848433001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014120802NAL0002848433001, received 2025-10-14
Administrative expenses as a share of assets
0.222%
Higher than 24% of the 15,243 plans $1 to 10M that report it.
Source
= $13,793 / $6,209,746
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014120802NAL0002848433001, received 2025-10-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014120802NAL0002848433001, received 2025-10-14
Employer contributions per participant
$0
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / 97
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014120802NAL0002848433001, received 2025-10-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014120802NAL0002848433001, received 2025-10-14
Employer share of total contributions
0.0%
Fewer than 50 comparable plans report this figure; no percentile.
Source
= $0 / $821,098
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014120802NAL0002848433001, received 2025-10-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014120802NAL0002848433001, received 2025-10-14
Plan terms, as stated in Factor Law, Inc.'s SEC filings
Plan terms are not published in public filings.
Plan features
2A age/service-weighted · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251014120802NAL0002848433001, received 2025-10-14
Full record, Factor 401(k) Retirement Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | FACTOR LAW INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Plan name | FACTOR 401(K) RETIREMENT PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Sponsor EIN / plan number | 83-3433229 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Sponsor location | CHICAGO, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Industry (business code) | 541190, Professional, scientific, and technical services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Filing received | 2025-10-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Participants, beginning of year | 146 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Active participants | 69 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Participants, end of year | 126 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Participants with an account balance | 97 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Total assets, beginning of year | $5,461,743 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Total assets, end of year | $6,209,746 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Net assets, end of year | $6,209,746 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Total income | $1,595,343 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Net income | $748,003 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Employer contributions | $0 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Participant contributions | $804,701 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Other contributions (incl. rollovers) | $16,397 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Total contributions | $821,098 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Benefit payments | $833,547 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Total expenses (incl. benefit payments) | $847,340 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Total administrative expenses | $13,793 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Contract administrator fees | $12,278 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Administrative expenses excluding investment management | $13,793 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Held in mutual funds | $6,152,033 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251014120802NAL0002848433001, received 2025-10-14 |
| Independent auditor | DUFEK & COMPANY, LLC | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251014120802NAL0002848433001, received 2025-10-14 |
Position = column in the DOL layout for form year 2024. Filing 20251014120802NAL0002848433001, received 2025-10-14.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ROTHSCHILD INVESTMENT CORP | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $14,099 | no |
| EMPOWER LIFE & ANNUITY INSURANCErecordkeeper | RECORDKEEPER | 64 Recordkeeping fees | $9,219 | yes |
| EMPOWER ADVISORY GROUP LLC | INVESTMENT MG MFG | 28 Investment management | $4,573 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251014120802NAL0002848433001, received 2025-10-14.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $5,461,743 | $6,209,746 | 13.7% |
| Participants with a balance | 116 | 97 | -16.4% |
| Administrative expenses | $30,103 | $13,793 | -54.2% |
| Recordkeeping fees per participant | $242.01 | not reported | |
| Employer contributions | $200,431 | $0 | -100.0% |
Prior filing 20241009140251NAL0009290371001, received 2024-10-09; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: FACTOR LAW INC.; SEC registrant: Factor Law, Inc. (CIK 1827427, matched by EIN).