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Summit CPA Group
9815 Dawson's Creek Blvd
Fort Wayne, IN 46825
(866) 497-9761

Our Pricing Structure is a Low Flat Fee

Our pricing is simple - Our 401(k) Audits are priced on a Low Flat Fixed Fee Basis.  Our Fees are not an Estimate.  Unlike many firms who charge on an hourly basis or give an estimate on how much they think the audit will cost, we base our fees on the SIZE OF THE PLAN (Plan Participants).  That is it – no exceptions. 

The Fee Structure for Limited-Scope audits range as low as $6,500 for plans that fall below 500 participants to as high as $9,500 for plans that fall between the range of 1,000 and 1,500 participants.  Plans with greater than 1,500 participants are determined on a case-by-case basis.  See our Fee Structure below.  *Please note that we offer a 10% discount if the Fee is paid in full when the engagement letter is signed or prior to commencement of the audit.

Flat Fee Pricing Model

  • Limited-Scope Audits (Certified)
    401K Audit Pricing

*$1,500 additional fee applies to the fixed fees listed above for each plan size when a full-scope audit is required. A full-scope audit is required when trustee or custodian does not or cannot certify both the accuracy and completeness of the information submitted as it relates to the investment information.  We find that most audits tend be Limited-Scope Audits (assets are certified by the custodian/trustee).

**$750 additional fee applies to the fixed fees listed above for each plan size if the current year audit is the plan sponsor's first required audit.  When a prior year audit is not prepared, the current year auditor is required to test prior year balances and compile the prior year financial statements.

*** $500 additional fee applies to the fixed fees listed above for each plan size if the plan sponsor has changed it's custodian/trustee during the current audit year.

Payment Policy:

  • 10% refundable security deposit is required with the signed engagement letter.
  • 50% down payment due upon commencement of the audit with the remainder due upon completion of the audit and prior to the release of the final draft of the audit.

*To qualify for discounted pricing (10% discount), the full audit fee must be paid prior to commencement of the audit. 

For Instance, if your company has 175 eligible plan participants as stated on Part II, Line 5 of Form 5500 then its fixed fee would be $6,500 for the current plan year being audited.  Upon engagement acceptance a signed engagement letter and a 10% security deposit of $650 is required ($6,500 X 10%).  At commencement of the audit, 50% or $2,925 would be due ($5,850 X 50%).  The final amount due of $2,925 would be due upon completion. 

If the company would prefer to take advantage of the Discounted Fee listed in the chart above then it would have paid the full $5,850 ($6,500-$650) upon commencement of the audit.  That’s it! No additional fees! No hidden charges!

[Pricing Strucure updated 5/14/2013]

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Summit CPA Group is located in Fort Wayne, Indiana.  Due to the advancement of technology, we can audit 401k plans all accross the United States.  Currently we are licensed in Alabama, Arizona, California, Colorado, Delaware, Idaho, Indiana, Illinois, Massachusetts, Michigan, Ohio, Pennsylvania, New Jersey, North Dakota, Rhode Island, Tennessee, Texas, Utah, Virginia and Wisconsin.

If you do not see your state above, press the "Contact a 401k Auditor" link above and include in the message the State you reside in.  We will give you a call back and let you know if we can get licensed in your state.  Each state varies on how long it takes to get licensed, so contact us today.