Payne & Smith, LLC

Employee Benefit Plan Auditor

Dallas, TX

About Payne & Smith, LLC

<p>Founded in 2012, Payne &amp; Smith, LLC is a CPA firm based in Dallas in the Dallas–Fort Worth metroplex. The firm works with businesses and individuals across North Texas on day-to-day accounting needs and year-end reporting.</p> <p>Payne &amp; Smith handles tax, accounting, audit, and consulting work, with services that range from tax preparation and planning to financial statement support and assurance. The founding shareholders bring more than 60 years of public accounting experience.</p> <p>For plan sponsors looking for <a href="/auditors/401k">401(k) auditors</a> and other retirement plan-related audit support, the firm offers audit services alongside its broader accounting and tax practice. A key differentiator is the depth of senior-level experience available at a local Dallas firm.</p> <p>The corporate office is located at 12240 Inwood Rd, Ste. 440, Dallas, TX 75244. More information is available at payneandsmith.com.</p> <ul> <li>CPA firm founded in 2012</li> <li>Based in Dallas (Dallas–Fort Worth area)</li> <li>Tax preparation and tax planning</li> <li>Audit and assurance services, including retirement plan audit support</li> <li>Accounting and consulting services</li> </ul>

Website: https://www.payneandsmith.com

Founded: 2012

Office Locations

  • Dallas, TX (Headquarters)

Accreditations & Certifications

  • AICPA EBPAQC
  • AICPA Member

Audit Statistics (2024)

  • Total Plans Audited: 14
  • Total AUM Audited: $497.8M
  • 401(k): 14 plans, $497.8M AUM

Plans Serviced (2024)

Largest plans where this firm is listed as a service provider (Schedule C) or IQPA (Schedule H) on the most recent filings (From Form 5500).

PlanSponsorAssetsParticipants
AUSTIN BANK TEXAS, N.A. EMPLOYEES PROFIT SHARING PLAN AUSTIN BANK, TEXAS, N.A., TX $103M 698
NEXPOINT 401(K) PLAN NEXPOINT ADVISORS, L.P., TX $88M 289
GATEWAY FIRST BANK 401(K) RETIREMENT PLAN GATEWAY FIRST BANK, OK $75M 762
FIRST STATE BANK 401(K) PROFIT SHARING AND EMPLOYEE STOCK OWNERSHIP PLAN FIRST STATE BANK, GAINESVILLE, TEXAS, TX $38M 312
LEGEND BANK EMPLOYEE STOCK OWNERSHIP AND 401(K) PLAN LEGEND BANK, TX $37M 185
401(k) Retirement Plan Healthcare Sponsor, TX $29M 257
401(k) Retirement Plan Manufacturing Sponsor, TX $27M 169
401(k) Retirement Plan Professional Services Sponsor, TX $23M 247
401(k) Retirement Plan Technology Sponsor, TX $21M 150

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