Plan Snapshot
- Plan Sponsor: Brown & Brown, INC.
- Sponsor EIN: 590864469
- Sponsor Address: 300 NORTH BEACH STREET, DAYTONA BEACH, FL, 32114
- Plan Type: 401(k)
- Total Participants: 12,393
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 12,393 | $1.8B | $43.5M | $88.3M |
| 2023 | 11,864 | $1.5B | $41.0M | $83.8M |
| 2022 | 11,793 | $1.2B | $37.6M | $76.1M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INC | Recordkeeper | $666,522 | — | $666,522 |
| NEWPORT RETIREMENT SERVICES INC | Other Service Provider | $87,469 | — | $87,469 |
| HANCOCK ASKEW & CO LLP | Other Service Provider | $38,500 | — | $38,500 |
| ENVESTNET ASSET MANAGEMENT INC | Other Service Provider | $20,869 | — | $20,869 |
| MARINER LLC | Other Service Provider | $16,814 | — | $16,814 |
| SUNCOAST EQUITY MANAGEMENT LLC | Other Service Provider | $16,582 | — | $16,582 |
| PREVAIL INNOVATIVE WEALTH ADVI | Investment Advisor | $16,212 | — | $16,212 |
| CHANEY CAPITAL MANAGEMENT INC | Other Service Provider | $14,103 | — | $14,103 |
| STEELPEAK WEALTH LLC | Investment Advisor | $12,678 | — | $12,678 |
| WALRUS PARTNERS LLC | Other Service Provider | $12,325 | — | $12,325 |
| SIGNATURE INVESTMENT ADVISORS | Other Service Provider | $9,691 | — | $9,691 |
| CHARLES SCHWAB & CO., INC. | Recordkeeper | $9,050 | — | $9,050 |
| SINGER WEALTH ADVISORS LLC | Investment Advisor | $8,661 | — | $8,661 |
| CORIENT PRIVATE WEALTH LLC | Investment Advisor | $8,437 | — | $8,437 |
| FERGUSON WELLMAN CAPITAL MANAG | Other Service Provider | $8,353 | — | $8,353 |
| OCCIDENTAL ASSET MGMT LLC | Other Service Provider | $7,941 | — | $7,941 |
| SANCTUARY ADVISORS, LLC | Other Service Provider | $7,793 | — | $7,793 |
| ABOUND WEALTH MANAGEMENT LLC | Investment Advisor | $6,426 | — | $6,426 |
| NEWEDGE ADVISORS LLC | Investment Advisor | $5,324 | — | $5,324 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES INC — Recordkeeper
- PREVAIL INNOVATIVE WEALTH ADVI — Investment Advisor
- STEELPEAK WEALTH LLC — Investment Advisor
- CHARLES SCHWAB & CO., INC. — Recordkeeper
- SINGER WEALTH ADVISORS LLC — Investment Advisor
- CORIENT PRIVATE WEALTH LLC — Investment Advisor
- ABOUND WEALTH MANAGEMENT LLC — Investment Advisor
- NEWEDGE ADVISORS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $973,750
- Estimated Expense Ratio: 0.055% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,009,653 | $303,376 | $19,250 | $19,250 | — |
| 2023 | $912,413 | $276,158 | $36,300 | — | — |
| 2022 | $844,847 | $218,054 | — | — | $42,225 |