Employee benefit plan audit fees in Virginia
253 audited retirement plans sponsored by Virginia employers reported their audit fee for plan year 2024. Median $18,800, middle half $14,000 to $30,900, same plan and same auditor +3.6 % on the year before.
Audit fee by plan type and size
Rows marked with a region or "nationwide" have fewer than 20 reported fees in Virginia; the figure shown is the Mid-Atlantic region or the national value.
| Plan type | Participants | Median | Middle half | Fees | Basis |
|---|---|---|---|---|---|
| 401(k) | 100-199 | $14,500 | $11,600-$18,500 | 35 | Virginia |
| 401(k) | 200-499 | $15,300 | $9,800-$20,500 | 33 | Virginia |
| 401(k) | 500-999 | $16,800 | $12,500-$20,400 | 25 | Virginia |
| 401(k) | 1,000+ | $25,000 | $16,200-$34,600 | 58 | Virginia |
| Other DC | 100-199 | $13,600 | $10,300-$17,500 | 113 | nationwide |
| Other DC | 200-499 | $13,400 | $9,300-$18,800 | 26 | Mid-Atlantic region |
| Other DC | 500-999 | $14,200 | $10,000-$20,000 | 28 | Mid-Atlantic region |
| Other DC | 1,000+ | $19,100 | $12,900-$28,900 | 72 | Mid-Atlantic region |
| DB | 100-199 | $15,100 | $12,700-$20,800 | 22 | Mid-Atlantic region |
| DB | 200-499 | $14,600 | $10,700-$21,300 | 46 | Mid-Atlantic region |
| DB | 500-999 | $21,000 | $14,100-$30,800 | 40 | Mid-Atlantic region |
| DB | 1,000+ | $52,400 | $33,800-$79,300 | 30 | Virginia |
| Multiemployer | 100-199 | $15,300 | $11,200-$18,900 | 86 | nationwide |
| Multiemployer | 200-499 | $12,900 | $10,500-$18,900 | 37 | Mid-Atlantic region |
| Multiemployer | 500-999 | $17,700 | $12,500-$26,700 | 53 | Mid-Atlantic region |
| Multiemployer | 1,000+ | $29,500 | $19,100-$47,500 | 179 | Mid-Atlantic region |
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.
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