Plan Snapshot
- Plan Sponsor: Brown & Brown, INC.
- Sponsor EIN: 590864469
- Sponsor Address: 300 NORTH BEACH STREET, DAYTONA BEACH, FL, 32114
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 15,728
- Total Assets: $2.0B
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. |
|---|---|---|---|---|
| 2025 | 15,728 | $2.0B | $0 | $0 |
| 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 | Other Service Provider | $505,472 | — | $505,472 |
| NEWPORT RETIREMENT SERVICES INC | Other Service Provider | $52,671 | — | $52,671 |
| ENVESTNET ASSET MANAGEMENT INC | Other Service Provider | $23,432 | — | $23,432 |
| DYNAMIC WEALTH ADVISORS | Other Service Provider | $22,510 | — | $22,510 |
| HANCOCK ASKEW & CO., LLP | Other Service Provider | $22,500 | — | $22,500 |
| BAKER TILLY US LLP | Other Service Provider | $20,607 | — | $20,607 |
| SUNCOAST EQUITY MANAGEMENT LLC | Other Service Provider | $19,134 | — | $19,134 |
| MARINER LLC | Other Service Provider | $19,125 | — | $19,125 |
| PREVAIL INNOVATIVE WEALTH ADVI | Other Service Provider | $19,095 | — | $19,095 |
| CHANEY CAPITAL MANAGEMENT INC | Other Service Provider | $16,060 | — | $16,060 |
| STEELPEAK WEALTH LLC | Other Service Provider | $14,562 | — | $14,562 |
| WALRUS PARTNERS LLC | Other Service Provider | $13,434 | — | $13,434 |
| HBK SORCE ADVISORY LLC | Other Service Provider | $10,120 | — | $10,120 |
| OCCIDENTAL ASSET MGMT LLC | Other Service Provider | $10,051 | — | $10,051 |
| NEWEDGE ADVISORS LLC | Other Service Provider | $9,418 | — | $9,418 |
| SINGER WEALTH ADVISORS LLC | Other Service Provider | $9,229 | — | $9,229 |
| ANNEX ADVISORY SERVICES LLC | Other Service Provider | $9,213 | — | $9,213 |
| SANCTUARY ADVISORS LLC | Other Service Provider | $8,916 | — | $8,916 |
| CORIENT PRIVATE WEALTH LLC | Other Service Provider | $8,740 | — | $8,740 |
| SIGNATURE INVESTMENT ADVISORS | Other Service Provider | $8,056 | — | $8,056 |
| ABOUND WEALTH MANAGEMENT LLC | Other Service Provider | $6,950 | — | $6,950 |
| DRIVEN INVESTMENTS LLC | Other Service Provider | $6,892 | — | $6,892 |
| CANVAS WEALTH ADVISORS LLC | Other Service Provider | $6,814 | — | $6,814 |
| CHARLES SCHWAB & CO., INC. | Other Service Provider | $6,520 | — | $6,520 |
| KRILOGY FINANCIAL LLC | Other Service Provider | $6,492 | — | $6,492 |
| SAGE RUTTY & CO INC | Other Service Provider | $6,341 | — | $6,341 |
| TUSHAUS GROUP LLC | Other Service Provider | $6,243 | — | $6,243 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $868,597
- Estimated Expense Ratio: 0.044% 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 |
|---|---|---|---|---|---|
| 2025 | $164,540,127 | $357,583 | — | $43,107 | — |
| 2024 | $1,009,653 | $303,376 | $19,250 | $19,250 | — |
| 2023 | $912,413 | $276,158 | $36,300 | — | — |
| 2022 | $844,847 | $218,054 | — | — | $42,225 |