Smith Schafer & Associates
Employee benefit plan audit practice profile, built from plan year 2024 Form 5500 filings.
Last updated · Source data: plan year 2024 Form 5500 filings
How many 401(k) plans does Smith Schafer & Associates audit?
Smith Schafer & Associates was the independent auditor for 31 retirement plan filings in plan year 2024, with clients in 3 states and territories — the #361 practice nationally by volume.
Practice at a glance
| Measure | Value |
|---|---|
| Firm EIN (as filed) | 41-1489071 |
| Retirement plan audits (401(k), 403(b), pension) | 31 |
| All audited filings (incl. welfare plans) | 31 |
| States and territories with clients | 3 |
| National rank by retirement plan volume | #361 of 3,956 |
| National rank, all audited filings (league-table basis) | #371 of 4,052 |
| Average client size (participants) | 341 |
| Largest client (participants) | 2,118 |
Rankings derived from U.S. Department of Labor Form 5500 filings, plan year 2024. Read the full methodology.
Where does Smith Schafer & Associates audit plans?
| State | Plans audited | Share of practice |
|---|---|---|
| Minnesota | 29 | 93.5% |
| Colorado | 1 | 3.2% |
| North Carolina | 1 | 3.2% |
Largest concentration: Minnesota (29 plans). State reflects the plan sponsor’s address, not the firm’s office locations.
What audit opinions does Smith Schafer & Associates issue?
| Opinion type | Filings | Share |
|---|---|---|
| Unmodified (clean) | 31 | 100.0% |
| Qualified | 0 | 0.0% |
| Disclaimer | 0 | 0.0% |
| Adverse | 0 | 0.0% |
As coded on Schedule H. A disclaimer here usually reflects the legacy limited-scope reporting convention (now the ERISA Section 103(a)(3)(C) election), not a failed audit — see the methodology.
Largest plans audited by Smith Schafer & Associates
| Plan sponsor | State | Participants |
|---|---|---|
| Taher, Inc. | MN | 2,118 |
| Edge Home Finance Corporation | MN | 1,290 |
| Acr Homes, Inc. | MN | 598 |
| Donatelle Plastics, Inc. | MN | 457 |
| Alpha Services Company of Rochester | MN | 417 |
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About this profile
This page is generated from public U.S. Department of Labor Form 5500 filings in which Smith Schafer & Associates (EIN 41-1489071) is named as the plan’s independent qualified public accountant. Smith Schafer & Associates did not supply, review, or endorse this information, and inclusion is not a recommendation. Filing data can contain sponsor-entered errors; corrections are welcome via the about page.