Employers › Brown & Brown
Recordkeeping fees per participant · Brown & Brown, Inc Employee Savings Plan · plan year 2024
$52.00
Higher than 85% of the 790 plans over $1B that report it.
= $667,777 / 12,841
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250708155938NAL0004862913001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708155938NAL0004862913001, received 2025-07-08
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-08.
Administrative expenses excluding investment management, per participant
$55.00
Higher than 65% of the 1,045 plans over $1B that report it.
= $706,277 / 12,841
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250708155938NAL0004862913001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708155938NAL0004862913001, received 2025-07-08
Administrative expenses per participant
$78.63
Higher than 57% of the 1,076 plans over $1B that report it.
= $1,009,653 / 12,841
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708155938NAL0004862913001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708155938NAL0004862913001, received 2025-07-08
Administrative expenses as a share of assets
0.058%
Higher than 62% of the 1,076 plans over $1B that report it.
= $1,009,653 / $1,754,611,565
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708155938NAL0004862913001, received 2025-07-08
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250708155938NAL0004862913001, received 2025-07-08
Employer contributions per participant
$3,389
Higher than 44% of the 1,135 plans over $1B that report it.
= $43,521,837 / 12,841
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708155938NAL0004862913001, received 2025-07-08
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708155938NAL0004862913001, received 2025-07-08
Employer share of total contributions
25.9%
Higher than 25% of the 1,135 plans over $1B that report it.
= $43,521,837 / $167,864,930
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708155938NAL0004862913001, received 2025-07-08
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250708155938NAL0004862913001, received 2025-07-08
Employer match
“Under this plan, the Company makes matching contributions of up to 4.0% of each participant’s annual compensation.”
Form 10-K filed 2026-02-12, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Eligibility
“Substantially all employees who are at least 18 years of age and who are expected to complete a year of service (minimum of 1,000 hours) are eligible to participate in the Plan effective the first full payroll period after one month of service.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, general (fallback) · source document
Vesting
“Notes Receivable from Participants - A participant may borrow from his or her own account a minimum of $1,000, up to a maximum equal to the lesser of: (a) $50,000 or (b) 50% of the participant’s vested account balance.”
Form 11-K filed 2026-06-25, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250708155938NAL0004862913001, received 2025-07-08
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BROWN & BROWN, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Plan name | BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Sponsor EIN / plan number | 59-0864469 / 002 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Sponsor location | DAYTONA BEACH, FL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Industry (business code) | 524210, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Filing received | 2025-07-08 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Participants, beginning of year | 15,675 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Active participants | 12,393 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Participants, end of year | 15,772 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Participants with an account balance | 12,841 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Total assets, beginning of year | $1,494,481,890 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Total assets, end of year | $1,754,611,565 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Net assets, end of year | $1,754,611,565 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Total income | $409,327,696 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Net income | $260,129,675 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Employer contributions | $43,521,837 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Participant contributions | $88,324,012 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Other contributions (incl. rollovers) | $36,019,081 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Total contributions | $167,864,930 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Benefit payments | $148,170,408 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Total expenses (incl. benefit payments) | $149,198,021 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Total administrative expenses | $1,009,653 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Contract administrator fees | $19,250 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Recordkeeping fees | $667,777 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| IQPA audit fees | $19,250 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Investment advisory and management fees | $303,376 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Administrative expenses excluding investment management | $706,277 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Held in common/collective trusts | $65,445,814 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Held in mutual funds | $1,486,105,506 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250708155938NAL0004862913001, received 2025-07-08 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250708155938NAL0004862913001, received 2025-07-08 |
Position = column in the DOL layout for form year 2024. Filing 20250708155938NAL0004862913001, received 2025-07-08.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES INCrecordkeeper | NONE | 15 Recordkeeping and information management; 50 Direct payment from the plan; 64 Recordkeeping fees | $666,522 | no |
| NEWPORT RETIREMENT SERVICES INC | NONE | 28 Investment management; 50 Direct payment from the plan | $87,469 | no |
| HANCOCK ASKEW & CO LLP | NONE | 10 Accounting (including auditing); 50 Direct payment from the plan | $38,500 | no |
| ENVESTNET ASSET MANAGEMENT INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $20,869 | no |
| MARINER LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $16,814 | no |
| SUNCOAST EQUITY MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $16,582 | no |
| PREVAIL INNOVATIVE WEALTH ADVI | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $16,212 | no |
| CHANEY CAPITAL MANAGEMENT INC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $14,103 | no |
| STEELPEAK WEALTH LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $12,678 | no |
| WALRUS PARTNERS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $12,325 | no |
| SIGNATURE INVESTMENT ADVISORS | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $9,691 | no |
| CHARLES SCHWAB & CO., INC. | NONE | 33 Securities brokerage; 50 Direct payment from the plan; 59 Shareholder servicing fees; 62 Float revenue; 71 Securities brokerage commissions and fees; 72 Other investment fees and expenses | $9,050 | yes |
| SINGER WEALTH ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $8,661 | no |
| CORIENT PRIVATE WEALTH LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $8,437 | no |
| FERGUSON WELLMAN CAPITAL MANAG | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $8,353 | no |
| OCCIDENTAL ASSET MGMT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $7,941 | no |
| SANCTUARY ADVISORS, LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $7,793 | no |
| ABOUND WEALTH MANAGEMENT LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $6,426 | no |
| NEWEDGE ADVISORS LLC | NONE | 26 Investment advisory (participants); 50 Direct payment from the plan | $5,324 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250708155938NAL0004862913001, received 2025-07-08.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,494,481,890 | $1,754,611,565 | 17.4% |
| Participants with a balance | 12,933 | 12,841 | -0.7% |
| Administrative expenses | $912,413 | $1,009,653 | 10.7% |
| Recordkeeping fees per participant | $46.39 | $52.00 | 12.1% |
| Employer contributions | $40,954,856 | $43,521,837 | 6.3% |
Prior filing 20240709162528NAL0008938883001, received 2024-07-09; the plan years are contiguous.
Sponsor name as filed: BROWN & BROWN, INC.; SEC registrant: BROWN & BROWN, INC. (CIK 79282, matched by EIN; display name from the Form 11-K cover).