States · Massachusetts
Massachusetts plans that need their first audit
67 retirement plans sponsored by Massachusetts employers filed Form 5500-SF for 2025 and ended the year with 121 or more participants with account balances. Under the 80-120 rule they start 2026 above the large-plan threshold, so plan year 2026 is generally their first audited year. That ranks Massachusetts number 8 of 53 states and territories on the current forecast list.
Download the free Massachusetts sample (PDF)Five forecast plans with sponsor names, the state count and auditor market shares. No sign-up.
67Massachusetts plans on the forecast list (64 are 401(k) plans)
197Massachusetts plans at 100-120 participants on the watch list
140median participants with balances at the end of 2025
$5.0mmedian net plan assets at the end of 2025
Industries
Who sponsors these plans
Industry of the plan sponsor (NAICS sector) for the 67 forecast plans in Massachusetts.
| Industry | Plans | Share |
|---|---|---|
| Professional services | 24 | 36% |
| Health care | 12 | 18% |
| Manufacturing | 8 | 12% |
| Finance & insurance | 6 | 9% |
| Retail | 3 | 4% |
| Wholesale trade | 3 | 4% |
Where
Cities with several plans
Boston (16), Waltham (8), Cambridge (6), Beverly (3), Framingham (3), Leominster (2), Burlington (2), East Boston (2).
Already audited
New large plans
2 Massachusetts plans filed their first Form 5500 in the last season directly as large plans with an auditor's report. They show which firms win new plans from the start.
Auditor market
Who audits employee benefit plans in Massachusetts today
282 audit firms signed 2,616 audits of Massachusetts plans in the last complete filing year (Schedule H, plan year 2024). The largest by number of plan audits:
| Audit firm | Plan audits | Share in Massachusetts |
|---|---|---|
| Caron & Bletzer, PLLC | 395 | 15.1% |
| Aafcpas, Inc. | 161 | 6.2% |
| Cbiz CPAS P.C. | 156 | 6.0% |
| Gray, Gray & Gray, LLP | 112 | 4.3% |
| Cliftonlarsonallen LLP | 102 | 3.9% |
| Baker Tilly US, LLP | 71 | 2.7% |
| Johnson Oconnor Feron & Carucci LLP | 69 | 2.6% |
| Citrin Cooperman & Company, LLP | 65 | 2.5% |
Counted from the accountant firm name and EIN on Schedule H. Firms that merged during the year can appear under the old name.
Timing
Deadlines for the Massachusetts plans on the list
For calendar-year plans the first audited Form 5500 (plan year 2026) is due on 31 July 2027, or 15 October 2027 with a Form 5558 extension. Most sponsors engage their auditor after the plan year closes, so the window to introduce your firm is now through early 2027. How the audit requirement works.
The full Massachusetts list includes every forecast plan with sponsor, EIN, plan number, city, industry, participant trend, net assets and deadlines, plus the watch list and monthly updates. $290 per year for one state at the founding price, $990 nationwide, with a 30-day money-back guarantee. See pricing.
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