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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | $19,250 | — | $19,250 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $19,250
- Estimated Expense Ratio: 0.001% 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 |