Employee benefit plan audit fees in Michigan

397 audited retirement plans sponsored by Michigan employers reported their audit fee for plan year 2024. Median $18,000, middle half $12,000 to $26,100, same plan and same auditor +3.8 % 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.

Michigan · plan year 2024

Audit fee by plan type and size

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

Plan type	Participants	Median	Middle half	Fees	Basis
401(k)	100-199	$13,900	$9,500-$16,300	32	Michigan
401(k)	200-499	$12,600	$8,900-$19,500	63	Michigan
401(k)	500-999	$16,800	$12,200-$22,800	34	Michigan
401(k)	1,000+	$19,900	$16,300-$31,100	71	Michigan
Other DC	100-199	$14,200	$10,200-$15,800	31	Midwest region
Other DC	200-499	$14,500	$9,100-$20,700	39	Midwest region
Other DC	500-999	$15,600	$11,200-$20,500	42	Midwest region
Other DC	1,000+	$17,700	$15,200-$26,100	93	Midwest region
DB	100-199	$15,500	$10,300-$23,000	48	Midwest region
DB	200-499	$18,200	$12,700-$23,400	78	Midwest region
DB	500-999	$20,400	$14,300-$26,200	75	Midwest region
DB	1,000+	$20,600	$17,400-$39,600	30	Michigan
Multiemployer	100-199	$13,200	$10,500-$17,500	29	Midwest region
Multiemployer	200-499	$15,900	$11,900-$20,500	78	Midwest region
Multiemployer	500-999	$15,200	$13,500-$18,700	24	Michigan
Multiemployer	1,000+	$27,100	$19,300-$39,000	64	Michigan

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 Michigan: see the Michigan 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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