Employee benefit plan audit fees in Tennessee

166 audited retirement plans sponsored by Tennessee employers reported their audit fee for plan year 2024. Median $17,300, middle half $12,200 to $23,600, same plan and same auditor +4.9 % 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.

Tennessee · plan year 2024

Audit fee by plan type and size

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

Plan type	Participants	Median	Middle half	Fees	Basis
401(k)	100-199	$12,700	$9,400-$17,200	108	Southeast region
401(k)	200-499	$14,500	$10,900-$17,900	20	Tennessee
401(k)	500-999	$15,900	$10,300-$21,500	98	Southeast region
401(k)	1,000+	$19,400	$14,600-$27,800	46	Tennessee
Other DC	100-199	$13,600	$10,300-$17,500	113	nationwide
Other DC	200-499	$13,700	$8,800-$19,200	201	nationwide
Other DC	500-999	$16,300	$11,200-$22,100	167	nationwide
Other DC	1,000+	$22,500	$14,700-$34,200	30	Southeast region
DB	100-199	$14,500	$11,600-$21,000	20	Southeast region
DB	200-499	$23,400	$17,100-$28,500	24	Southeast region
DB	500-999	$23,800	$16,900-$30,100	28	Southeast region
DB	1,000+	$28,400	$19,600-$38,000	82	Southeast region
Multiemployer	100-199	$15,300	$11,200-$18,900	86	nationwide
Multiemployer	200-499	$15,800	$11,200-$21,500	265	nationwide
Multiemployer	500-999	$19,200	$15,500-$23,400	28	Southeast region
Multiemployer	1,000+	$21,200	$15,400-$33,600	33	Tennessee

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 Tennessee: see the Tennessee 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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