How Much Does a 401(k) Audit Cost in U.S. Virgin Islands?

Fee ranges by plan size, and what the U.S. Virgin Islands audit market looks like in plan year 2024 Form 5500 filings: how many plans are audited, by how many firms, at what plan size, and who does the most of it.

Last updated September 6, 2026 · Source data: plan year 2024 Form 5500 filings

How much does a 401(k) audit cost in U.S. Virgin Islands?

A 401(k) audit in U.S. Virgin Islands typically costs $8,000–$18,000 a year — the national range, since fees track plan size, not geography. U.S. Virgin Islands’ median audited plan (236 participants) falls in the $8,000 – $14,000 band. In plan year 2024, 6 firms audited 8 plans sponsored in U.S. Virgin Islands.

8Audited plans in VI

6Active audit firms

236Median plan size (participants)

0.0%Share of U.S. audited plans

Typical 401(k) audit fees for U.S. Virgin Islands plans

Typical annual 401(k) audit fee ranges by plan size (editorial estimates)
Plan size	Typical fee range	What drives the range
100–249 participantsVI median plan: 236 participants	$8,000 – $14,000	Most first-time audits land here; single payroll and one recordkeeper keep scope tight.
250–499 participants	$10,000 – $18,000	More participant-level testing; still typically one fieldwork cycle.
500–999 participants	$13,000 – $25,000	Larger samples; often multiple payrolls or acquisitions in the mix.
1,000–4,999 participants	$18,000 – $40,000	Complexity-driven: mergers, employer stock, non-standard assets push the top of the range.
5,000+ participants	$30,000+	Multi-entity sponsors, 11-K filers, and hard-to-value assets; fees are bespoke.

Honest labeling: audit fees are not reported in a standardized, reliable field on Form 5500, so these ranges are editorial estimates informed by published fee surveys and engagement quotes — not outputs of our filing dataset, and not specific to U.S. Virgin Islands. The market figures below are from the dataset. A first-year audit adds roughly 10–25%; an ERISA Section 103(a)(3)(C) election removes roughly 15–40%. See the national cost guide for the full list of fee drivers.

The U.S. Virgin Islands audit market: the numbers behind a quote

U.S. Virgin Islands employee benefit plan audit market, plan year 2024
Measure	U.S. Virgin Islands	United States
Audited retirement plans (sponsor address in U.S. Virgin Islands)	8	72,776
Audit firms with at least one engagement	6	3,956
Audited plans per active firm	1.3	18.4
Median audited plan size (participants)	236	357
Share of plans audited by the 6 active firms	100%	24%
Most active firm’s share of plans	25%	5%

National concentration is the share of all retirement plan engagements held by the ten largest firms nationally; the U.S. Virgin Islands figure is the share of VI-sponsored plans audited by the 6 active firms in the state. State reflects the plan sponsor’s address, not the audit firm’s offices.

U.S. Virgin Islands plans skew smaller than the national median of 357 participants, so budgets cluster in the lower tiers. U.S. Virgin Islands is a small audit market: 6 firms signed audits for 8 plans, and every one of them appears in the table below. Sponsors here commonly engage national practices that audit plans remotely, and pricing follows the same size-based ranges.

Rankings derived from U.S. Department of Labor Form 5500 filings, plan year 2024. Read the full methodology.

Most active 401(k) audit firms in U.S. Virgin Islands

Firms ranked by audited retirement plan filings sponsored in U.S. Virgin Islands, plan year 2024
#	Firm	VI plans audited	Share of state
1	Hbe LLP	2	25.0%
2	Bert Smith & Co	2	25.0%
3	Templeton & Company	1	12.5%
4	Farber Hass Hurley LLP	1	12.5%
5	Tawney, PLLC	1	12.5%
6	Smart Solutions CPA Inc	1	12.5%

All 6 active firms shown. Counts are retirement plan filings (401(k), 403(b), profit-sharing, and pension) whose sponsor address is in U.S. Virgin Islands. Volume measures experience, not quality or price.

Rankings derived from U.S. Department of Labor Form 5500 filings, plan year 2024. Read the full methodology.

The full ranked directory, with market totals, is at 401(k) audit firms in U.S. Virgin Islands. Each firm profile shows engagement counts, states served, opinion mix, and the firm’s largest audited plans.

How to get a fair 401(k) audit quote in U.S. Virgin Islands

Quote on the same scope. Tell every candidate whether the plan will elect an ERISA Section 103(a)(3)(C) audit, how many payroll systems it runs, and whether it files Form 11-K. Otherwise the low bid is usually the narrow one.
Engage before spring. Nearly every U.S. Virgin Islands plan is due July 31 or October 15; firms fill fieldwork calendars first-come, and engagements that start after Labor Day pay for the compression. See the deadline guide.
Shortlist by volume. Ask three to five firms from the table above, or from the state directory, and check each profile for client sizes comparable to yours. A U.S. Virgin Islands office is optional — audits are performed under national standards from recordkeeper and payroll data — but demonstrated volume is not.
Deliver clean records. Reconciled census, dated remittances, SOC 1 reports, and the certification in hand before fieldwork are the cheapest fee reduction available. The document checklist lists everything the auditor will request.

U.S. Virgin Islands 401(k) audit cost FAQs

Do 401(k) audits cost more in U.S. Virgin Islands?

No systematic premium applies. Audit fees are driven by participant count, plan complexity, and record quality rather than the sponsor’s location, and most engagements are performed remotely. U.S. Virgin Islands’ median audited plan had 236 participants in plan year 2024, versus 357 nationally, which places a typical U.S. Virgin Islands plan in the $8,000 – $14,000 editorial fee band.

How many firms audit 401(k) plans in U.S. Virgin Islands?

6 audit firms signed at least one audit of a retirement plan sponsored in U.S. Virgin Islands in plan year 2024, covering 8 audited plans (0.0% of the U.S. total). All of them are listed on this page.

Which firm audits the most 401(k) plans in U.S. Virgin Islands?

Hbe LLP audited 2 U.S. Virgin Islands retirement plans in plan year 2024, the most of any firm and 25% of the state’s audited plans. Bert Smith & Co (2) and Templeton & Company (1) ranked second and third. Engagement volume signals experience, not quality; each firm profile shows opinion mix and client sizes.

401(k) audit cost in other states

Same fee framework, different market. Each page carries the state’s audited plan count, active firms, median plan size, and most active auditors from plan year 2024 filings.