First Audit Radar
Audit fees · Virginia

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.

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.
Virginia · plan year 2024

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 typeParticipantsMedianMiddle halfFeesBasis
401(k)100-199$14,500$11,600-$18,50035Virginia
401(k)200-499$15,300$9,800-$20,50033Virginia
401(k)500-999$16,800$12,500-$20,40025Virginia
401(k)1,000+$25,000$16,200-$34,60058Virginia
Other DC100-199$13,600$10,300-$17,500113nationwide
Other DC200-499$13,400$9,300-$18,80026Mid-Atlantic region
Other DC500-999$14,200$10,000-$20,00028Mid-Atlantic region
Other DC1,000+$19,100$12,900-$28,90072Mid-Atlantic region
DB100-199$15,100$12,700-$20,80022Mid-Atlantic region
DB200-499$14,600$10,700-$21,30046Mid-Atlantic region
DB500-999$21,000$14,100-$30,80040Mid-Atlantic region
DB1,000+$52,400$33,800-$79,30030Virginia
Multiemployer100-199$15,300$11,200-$18,90086nationwide
Multiemployer200-499$12,900$10,500-$18,90037Mid-Atlantic region
Multiemployer500-999$17,700$12,500-$26,70053Mid-Atlantic region
Multiemployer1,000+$29,500$19,100-$47,500179Mid-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.

Audit firms in Virginia: see the Virginia 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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