Audit fees · Massachusetts

Employee benefit plan audit fees in Massachusetts

331 audited retirement plans sponsored by Massachusetts employers reported their audit fee for plan year 2024. Median $18,900, middle half $13,100 to $31,000, same plan and same auditor +5.0 % on the year before.

Read this first: Schedule H shows the audit fee only when the plan pays the auditor. Plans whose sponsor pays the audit fee directly are not included, and for single-employer 401(k) plans that is most of them (only 8% of audited 401(k) plans with 200-499 participants report a fee). The figures describe the plans that report a fee; treat them as a market reference, not as a quote.

Massachusetts · plan year 2024

Audit fee by plan type and size

Rows marked with a region or "nationwide" have fewer than 20 reported fees in Massachusetts; the figure shown is the Northeast region or the national value.

Plan type	Participants	Median	Middle half	Fees	Basis
401(k)	100-199	$13,400	$10,100-$18,900	32	Massachusetts
401(k)	200-499	$16,500	$11,400-$23,300	52	Massachusetts
401(k)	500-999	$17,000	$9,800-$24,600	35	Massachusetts
401(k)	1,000+	$24,400	$15,700-$34,000	82	Massachusetts
Other DC	100-199	$13,800	$10,900-$16,700	24	Northeast region
Other DC	200-499	$14,000	$9,700-$19,100	53	Northeast region
Other DC	500-999	$15,900	$10,600-$25,400	50	Northeast region
Other DC	1,000+	$17,000	$12,000-$20,500	29	Massachusetts
DB	100-199	$16,600	$11,900-$23,600	32	Northeast region
DB	200-499	$22,000	$14,600-$30,800	62	Northeast region
DB	500-999	$26,400	$18,400-$39,800	53	Northeast region
DB	1,000+	$38,800	$25,700-$57,800	167	Northeast region
Multiemployer	100-199	$15,900	$12,200-$17,900	28	Northeast region
Multiemployer	200-499	$17,100	$11,900-$25,400	102	Northeast region
Multiemployer	500-999	$21,400	$16,300-$31,000	113	Northeast region
Multiemployer	1,000+	$35,700	$26,900-$50,300	28	Massachusetts

Reported only when the plan pays the auditor; plans whose sponsor pays the audit fee directly are not included. Most single-employer 401(k) sponsors pay directly, so the figures describe the plans that report a fee. Method and national figures.

Audit firms in Massachusetts: see the Massachusetts plans likely to need their first audit, with the typical fee range next to every plan in the subscriber list. Free state sample · prices.

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