Plan Ledger DOL Form 5500 · updated monthly

Brown & Brown, Inc.401(k) + ESOP (KSOP)

BROWN & BROWN, INC EMPLOYEE SAVINGS PLAN · DAYTONA BEACH, FL · plan year 2025

Reported admin expense ratio · 2025
0.05%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Brown & Brown, Inc. reported $953,047 in plan administrative expenses for 2025: 0.05% of average plan assets, above the peer median. Employer contributions averaged $3,792 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 141 comparable plans and shown alongside other finance & insurance employers. By assets it is the 18th-largest of 3,644 plans among Florida employers on file, and the 100th of 4,798 in finance & insurance. In 2025, employees put in $2.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,986,128,459
Participants with balances13,050
Active participants12,128
Employer contributions$45,992,614
Employee contributions$94,643,716
Employer contribution per active participant$3,792
Average account balance$152,194
Benefits paid to participants$163,565,748
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$2.0B · 13,050 accts · $46.0M emplr
2024$1.8B · 12,841 accts · $43.5M emplr
2023$1.5B · 12,933 accts · $41.0M emplr
2022$1.2B · 12,185 accts · $37.6M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$552,357
Investment management$357,583
Audit (IQPA)$43,107
Total administrative$953,047
The Brown & Brown, Inc. 401(k) match · 2025
Employer contribution per active participant$3,792
Median for plans this size$5,084
2025$3,792 per active participant
2024$3,512 per active participant
2023$3,452 per active participant
2022$3,189 per active participant

Brown & Brown, Inc.'s 2025 employer contribution ran below the $5,084 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 202512
SCHWAB RETIREMENT PLAN SERVICES INC · Recordkeeping$505,472
NEWPORT RETIREMENT SERVICES INC · Investment management$52,671
ENVESTNET ASSET MANAGEMENT INC · Investment advisory (participants)$23,432
DYNAMIC WEALTH ADVISORS · Investment advisory (participants)$22,510
HANCOCK ASKEW & CO., LLP · Accounting / audit$22,500
BAKER TILLY US LLP · Accounting / audit$20,607
SUNCOAST EQUITY MANAGEMENT LLC · Investment advisory (participants)$19,134
MARINER LLC · Investment advisory (participants)$19,125
PREVAIL INNOVATIVE WEALTH ADVI · Investment advisory (participants)$19,095
CHANEY CAPITAL MANAGEMENT INC · Investment advisory (participants)$16,060
STEELPEAK WEALTH LLC · Investment advisory (participants)$14,562
WALRUS PARTNERS LLC · Investment advisory (participants)$13,434

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year3
2025Charles Schwab
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025$953,047 · 0.05%
2024$1,009,653 · 0.06%
2023$912,413 · 0.07%
2022$844,847 · 0.06%
Same employer
Similar plansFinance & Insurance · Florida
Assuredpartners, Inc. FL$1.1B · 0.07%
Southstate Bank, N.A. FL$809.8M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590864469 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.