Retirement plan

BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN

Name: BROWN & BROWN, INC. - BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN (2016) Form 5500
Creator: BROWN & BROWN, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN, BROWN & BROWN, INC.

BROWN & BROWN, INC.EIN 59-0864469Plan #002PY 2016

220 S RIDGEWOOD AVENUE - DAYTONA BEACH, FL 32114386-239-7250bbrown.comLinkedIn10001+ employeesinsurance

Other plans on this EIN

1 filing

#001Retirement-$2.5M assets

Prospect flagsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed October 31, 2025 (most recent of 3 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

300 North Beach Street

Daytona Beach, FL 32114

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Plans declared (4)

Succession Retention Bonus40 emp
Account Executive Buydown50 emp
Producer Buydown50 emp
3-Year Lookback Bonus135 emp

Total covered: 275 employees

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Total assets (EOY)

$523.4M

-11.5% from 2016

Total participants

10,456

-4.5% from 2016

Average account balance

$55,266

-7.5% from 2016

Annual return

11.31%

-10.44 pp from 2016

Benchmarks

See 85 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants5,000-9,999

Cohort85 peers

Snapshot2016

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.75B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$137K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

12,841

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

76.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$131.85M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.50%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$79

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2+ years Filed as: SCHWAB RETIRMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$587,508
NEWPORT GROUP, INC.2+ years Filed as: NEWPORT GROUP SECURITIES INC. Service code 28 · EIN 59-3099288	Investment Management	$90,505
HANCOCK ASKEW & CO., LLP2+ years Filed as: HANCOCK ASKEW & CO LLP Service code 10 · EIN 58-0662558	Accounting	$23,300
BAILEY AND LUMB PC2+ years Service code 29 · EIN 46-0536663	Legal	$21,225
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC Service code 33 · EIN 94-1737782	Direct payment from the plan; Float r...	$17,655
JP MORGAN INVESTMENT MANAGEMENT INC2+ years Filed as: WINDHAVEN INVESTMENT MANAGEMENT Service code 26 · EIN 27-3763801	Advisory (Participants)	$6,956
ENVESTNET RETIREMENT SOLUTIONS, LLC1 year Filed as: ENVESTNET ASSET MANAGEMENT INC. Service code 26 · EIN 36-4319587	Advisory (Participants)	$5,740
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB BANK Service code 25 · EIN 42-1558009	Directed Trustee	$241
CHARLES SCHWAB & CO., INC.2+ years Filed as: CHARLES SCHWAB & CO INC & AFFILIATE Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2T2O3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$738K

$90 / participant

Investment mgmt$107K14.5%
Other / not subdivided$631K85.5%

% of EOY assets

0.141%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: HANCOCK ASKEW & CO LLP
Auditor EIN: 580662558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$55,266

$82,683-33.2%

$133,975-58.7%

$65,292-15.4%

Participation rate

87.9%

87.3%+0.6pp

87.1%+0.9pp

72.4%+15.5pp

Annual return

11.31%

9.63%+1.7pp

29.29%-18.0pp

11.84%-0.5pp

Employer contribution / active EE

$2,279

$3,583-36.4%

$5,211-56.3%

$2,302-1.0%

Participant deferral / active EE

$4,317

$5,190-16.8%

$6,282-31.3%

$3,579+20.6%

Admin fee / account holder

$78

$66+18.7%

$9,324-99.2%

$57+35.9%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2+ years

Filed as: SCHWAB RETIRMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$587,508

NEWPORT GROUP, INC.2+ years

Filed as: NEWPORT GROUP SECURITIES INC.

Service code 28 · EIN 59-3099288

Investment Management

$90,505

HANCOCK ASKEW & CO., LLP2+ years

Filed as: HANCOCK ASKEW & CO LLP

Service code 10 · EIN 58-0662558

Accounting

$23,300

BAILEY AND LUMB PC2+ years

Service code 29 · EIN 46-0536663

Legal

$21,225

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC

Service code 33 · EIN 94-1737782

Direct payment from the plan; Float r...

$17,655

JP MORGAN INVESTMENT MANAGEMENT INC2+ years

Filed as: WINDHAVEN INVESTMENT MANAGEMENT

Service code 26 · EIN 27-3763801

Advisory (Participants)

$6,956

ENVESTNET RETIREMENT SOLUTIONS, LLC1 year

Filed as: ENVESTNET ASSET MANAGEMENT INC.

Service code 26 · EIN 36-4319587

Advisory (Participants)

$5,740

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB BANK

Service code 25 · EIN 42-1558009

Directed Trustee

$241

CHARLES SCHWAB & CO., INC.2+ years

Filed as: CHARLES SCHWAB & CO INC & AFFILIATE

Service code 59

Shareholder Servicing

BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (4)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion