Way, Ray, Shelton & Co., P.C.
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 Way, Ray, Shelton & Co., P.C. audit?
Way, Ray, Shelton & Co., P.C. was the independent auditor for 10 retirement plan filings (14 audited filings including welfare plans) in plan year 2024, with clients in 5 states and territories — the #886 practice nationally by volume.
Practice at a glance
| Measure | Value |
|---|---|
| Firm EIN (as filed) | 63-0962807 |
| Retirement plan audits (401(k), 403(b), pension) | 10 |
| All audited filings (incl. welfare plans) | 14 |
| States and territories with clients | 5 |
| National rank by retirement plan volume | #886 of 3,956 |
| National rank, all audited filings (league-table basis) | #702 of 4,052 |
| Average client size (participants) | 540 |
| Largest client (participants) | 1,327 |
Rankings derived from U.S. Department of Labor Form 5500 filings, plan year 2024. Read the full methodology.
Where does Way, Ray, Shelton & Co., P.C. audit plans?
| State | Plans audited | Share of practice |
|---|---|---|
| Alabama | 6 | 60.0% |
| Arizona | 1 | 10.0% |
| Hawaii | 1 | 10.0% |
| Illinois | 1 | 10.0% |
| Massachusetts | 1 | 10.0% |
Largest concentration: Alabama (6 plans). State reflects the plan sponsor’s address, not the firm’s office locations.
What audit opinions does Way, Ray, Shelton & Co., P.C. issue?
| Opinion type | Filings | Share |
|---|---|---|
| Unmodified (clean) | 9 | 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 Way, Ray, Shelton & Co., P.C.
| Plan sponsor | State | Participants |
|---|---|---|
| Phifer Incorporated | AL | 1,327 |
| Ibew Local 505 Neca Pension Plan | AL | 1,013 |
| Local Union 903 I.B.E.W. Pension Plan | AL | 975 |
| Boone Newsmedia, Inc. | AL | 520 |
| Wick Communications Co. | AZ | 410 |
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About this profile
This page is generated from public U.S. Department of Labor Form 5500 filings in which Way, Ray, Shelton & Co., P.C. (EIN 63-0962807) is named as the plan’s independent qualified public accountant. Way, Ray, Shelton & Co., P.C. 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.