States · Utah
Utah plans likely to need their first audit
38 retirement plans sponsored by Utah 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 Utah number 18 of 53 states and territories on the current forecast list.
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38Utah plans on the forecast list (38 are 401(k) plans)
71Utah plans at 100-120 participants on the watch list
138median participants with balances at the end of 2025
$2.5mmedian net plan assets at the end of 2025
Industries
Who sponsors these plans
Industry of the plan sponsor (NAICS sector) for the 38 forecast plans in Utah.
| Industry | Plans | Share |
|---|---|---|
| Professional services | 7 | 18% |
| Health care | 6 | 16% |
| Admin & support services | 4 | 11% |
| Finance & insurance | 3 | 8% |
| Construction | 3 | 8% |
| Wholesale trade | 3 | 8% |
Where
Cities with several plans
Lehi (8), Salt Lake City (7), Draper (5), Centerville (2), Logan (2), Provo (2).
Already audited
New large plans
1 Utah 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 Utah today
126 audit firms signed 715 audits of Utah 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 Utah |
|---|---|---|
| Tanner LLC | 104 | 14.5% |
| Eide Bailly LLP | 74 | 10.3% |
| Richey, May & Co., LLP | 35 | 4.9% |
| Squire & Company, PC | 34 | 4.8% |
| Jones Simkins LLC | 29 | 4.1% |
| Larson & Company PC | 26 | 3.6% |
| Hbme, LLC | 25 | 3.5% |
| Traveller & Company LLC | 25 | 3.5% |
Counted from the accountant firm name and EIN on Schedule H. Firms that merged during the year can appear under the old name. Firm names are used only to identify the auditor of record; First Audit Radar is not affiliated with or endorsed by any of them. Company information comes from public DOL filings; to have a listing removed from our public pages, write to hello@firstauditradar.com.
Timing
Deadlines for the Utah 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 Utah 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. Utah is part of the West package: $390 per year at the founding price (regular $490), or $1490 nationwide, with a 30-day money-back guarantee. Subscribe to West · all prices.
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