Retirement plan

BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN

Name: BROWN & BROWN, INC. - BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN (2021) 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 2021

300 NORTH BEACH STREET - DAYTONA BEACH, FL 32114386-252-9601bbrown.comLinkedIn10001+ employeesinsurance

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)

$1416.1M

-11.5% from 2016

Total participants

13,980

-4.5% from 2016

Average account balance

$122,504

-7.5% from 2016

Annual return

17.67%

-10.44 pp from 2016

Benchmarks

See 82 peers

Peer group

Industry52 - Finance and Insurance

Plan typeDefined contribution

Participants>=10,000

Cohort82 peers

Snapshot2021

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 10 of 16 by compensation

Provider	Service type	Compensation
CHARLES SCHWAB & CO., INC.2 years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$679,335
NEWPORT GROUP, INC.2 years Filed as: NEWPORT GROUP SECURITIES, INC. Service code 28 · EIN 59-3099288	Investment Management	$61,280
NEWPORT GROUP, INC.1 year Filed as: THE NEWPORT GROUP OF NORTH CAROLINA Service code 28 · EIN 62-1868111	Investment Management	$38,450
HANCOCK ASKEW & CO., LLP7+ years Filed as: HANCOCK ASKEW & CO LLP Service code 10 · EIN 58-0662558	Accounting	$29,500
FERGUSON WELLMAN CAPITAL MANAGEMENT1 year Filed as: FERGUSON WELLMAN CAPITAL MANAG Service code 26 · EIN 93-0646988	Advisory (Participants)	$17,830
ENVESTNET RETIREMENT SOLUTIONS, LLC6 years Filed as: ENVESTNET ASSET MANAGEMENT INC. Service code 26 · EIN 36-4319587	Advisory (Participants)	$15,063
CHANEY CAPITAL MANAGEMENT2 years Service code 26 · EIN 91-1925976	Advisory (Participants)	$12,687
STEEL PEAK WEALTH MGMT LLC1 year Filed as: STEELPEAK WEALTH Service code 26 · EIN 46-1173026	Advisory (Participants)	$12,087
BAILEY AND LUMB PC2 years Filed as: BAILEY & LUMB P.C. Service code 29 · EIN 46-0536663	Legal	$9,025
SINGER WEALTH ADVISORS LLC1 year Service code 26 · EIN 46-4915730	Advisory (Participants)	$7,447

Plan features & details

Pension benefit codes2F2G2J2K2O2R2T3H

Plan features

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

$922K

$81 / participant

Investment mgmt$204K22.1%
Other / not subdivided$718K77.9%

% of EOY assets

0.065%

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

$122,504

$143,889-14.9%

$189,534-35.4%

$106,520+15.0%

Participation rate

78.6%

89.1%-10.5pp

87.8%-9.2pp

71.3%+7.3pp

Annual return

17.67%

17.38%+0.3pp

555.39%-537.7pp

19.28%-1.6pp

Employer contribution / active EE

$2,959

$4,416-33.0%

$6,162-52.0%

$2,840+4.2%

Participant deferral / active EE

$5,962

$7,575-21.3%

$8,220-27.5%

$4,948+20.5%

Admin fee / account holder

$80

$98-18.8%

$12,049-99.3%

$75+7.0%

Provider

Service type

Compensation

CHARLES SCHWAB & CO., INC.2 years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$679,335

NEWPORT GROUP, INC.2 years

Filed as: NEWPORT GROUP SECURITIES, INC.

Service code 28 · EIN 59-3099288

Investment Management

$61,280

NEWPORT GROUP, INC.1 year

Filed as: THE NEWPORT GROUP OF NORTH CAROLINA

Service code 28 · EIN 62-1868111

Investment Management

$38,450

HANCOCK ASKEW & CO., LLP7+ years

Filed as: HANCOCK ASKEW & CO LLP

Service code 10 · EIN 58-0662558

Accounting

$29,500

FERGUSON WELLMAN CAPITAL MANAGEMENT1 year

Filed as: FERGUSON WELLMAN CAPITAL MANAG

Service code 26 · EIN 93-0646988

Advisory (Participants)

$17,830

ENVESTNET RETIREMENT SOLUTIONS, LLC6 years

Filed as: ENVESTNET ASSET MANAGEMENT INC.

Service code 26 · EIN 36-4319587

Advisory (Participants)

$15,063

CHANEY CAPITAL MANAGEMENT2 years

Service code 26 · EIN 91-1925976

Advisory (Participants)

$12,687

STEEL PEAK WEALTH MGMT LLC1 year

Filed as: STEELPEAK WEALTH

Service code 26 · EIN 46-1173026

Advisory (Participants)

$12,087

BAILEY AND LUMB PC2 years

Filed as: BAILEY & LUMB P.C.

Service code 29 · EIN 46-0536663

Legal

$9,025

SINGER WEALTH ADVISORS LLC1 year

Service code 26 · EIN 46-4915730

Advisory (Participants)

$7,447

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