BROWN & BROWN, INC. 401(k): Charles Schwab, match 4% max
Brown & Brown, Inc. Employee Savings Plan · BRO · CIK 79282
Charles Schwab is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Matched to this employer by sponsor name, not by an identifier stated in the filing.
Maximum employer match, as a share of pay
4%
BROWN & BROWN, INC. matches 100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay, for a maximum employer match of 4% of pay.
From the Form 11-K filed June 25, 2026 ↗, covering the plan year ended December 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What BROWN & BROWN puts in, and what the plan costs
What BROWN & BROWN put into the plan, per active participant
$3,512
BROWN & BROWN, INC. put $3,512 into this plan for each of its 12,393 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
BROWN & BROWN put in less per active participant than 72% of plans with 5,000+ participants in insurance. The middle plan in that group of 98 reported $5,049. Insurance comes from business code 524210, which BROWN & BROWN entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
What this figure cannot separate: how much BROWN & BROWN pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended December 31, 2024, EIN 590864469, plan 002 · DOL EFAST2 ↗
The $3,512 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. BROWN & BROWN, INC. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,980 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What BROWN & BROWN puts in
$1,980
a year, at a $49,500 salary.
The match paragraph, word for word
“The Employer makes a fully vested safe harbor matching contribution for each participant equal to the sum of (1) 100% of the participant’s elective deferrals up to 3% of compensation for the allocation period, plus (2) 50% of the participant’s elective deferrals that exceed 3% of compensation for the allocation period, but do not exceed 5% of compensation for the allocation period.”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately vested in their voluntary contributions and actual earnings thereon. Participants are immediately vested in the Employer safe harbor matching contributions made pursuant to the formula described above. Vesting in any discretionary Employer matching contributions and discretionary profit-sharing contributions are based on years of service, as defined by the Plan, and are subject to the following vesting schedule:”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
59th percentile
$64.41 per participant in plan-paid administrative cost, more expensive than 59% of plans with 5,000+ participants.
What is BROWN & BROWN's 401(k) match formula?
BROWN & BROWN's 401(k) employer match tops out at 4% of pay. A tiered formula pays its best rate on the first slice of pay and less on the next, which is how the rate steps down.
| Match formula | 100% (dollar-for-dollar) of the first 3% of pay |
|---|---|
| then | 50% of the next 2% of pay |
| Maximum employer match | 4% of compensation |
| Other employer contribution | The Plan permits the Board to authorize discretionary additional matching contributions and/or discretionary profit-sharing contributions; none were made for the 2025 Plan year. |
At a $75,000 salary, contributing 5% ($3,750) earns the full employer match of $3,000 for the year.
What the filing says, word for word
“The Employer makes a fully vested safe harbor matching contribution for each participant equal to the sum of (1) 100% of the participant’s elective deferrals up to 3% of compensation for the allocation period, plus (2) 50% of the participant’s elective deferrals that exceed 3% of compensation for the allocation period, but do not exceed 5% of compensation for the allocation period.”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
What is BROWN & BROWN's 401(k) vesting schedule?
BROWN & BROWN vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Accelerated vesting | Upon Plan termination, the rights of participants in their accounts become 100% vested. |
| Other employer contributions | Vesting in any discretionary Employer matching contributions and discretionary profit-sharing contributions is based on years of service and follows a graded schedule: less than 1 year = 0%, 1 year = 20%, 2 years = 40%, 3 years = 60%, 4 years = 80%, 5 or more years = 100%. |
Vesting, word for word
“Participants are immediately vested in their voluntary contributions and actual earnings thereon. Participants are immediately vested in the Employer safe harbor matching contributions made pursuant to the formula described above. Vesting in any discretionary Employer matching contributions and discretionary profit-sharing contributions are based on years of service, as defined by the Plan, and are subject to the following vesting schedule:”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
Who can join BROWN & BROWN's 401(k), and is enrollment automatic?
BROWN & BROWN's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | 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; effective January 1, 2025, employees who have completed at least two consecutive years of service with 500 or more hours of service in each year (first such year beginning in 2023) are also eligible to participate. |
|---|---|
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“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. Effective January 1, 2025, employees who have completed at least two consecutive years of service with 500 or more hours of service in each year (with the first such year beginning in 2023) are eligible to participate in the Plan.”
Source: Form 11-K filed June 25, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Charles Schwab, filed as “SCHWAB RETIREMENT PLAN SERVICES INC”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
769 plans on file name Charles Schwab as their recordkeeper. Of those, the 769 with a computable fee have a median plan-paid cost of $127.09 per participant.
Participants log in at Schwab Workplace ↗. 401(k) Monitor is not affiliated with Charles Schwab or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Charles Schwab |
|---|---|
| Recordkeeper EIN | 341479833 |
What does the BROWN & BROWN plan report on Form 5500?
The BROWN & BROWN plan reported $1.8B in assets and 15,675 participants for plan year 2024.
Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
| Plan named in the DOL record | Brown & Brown, Inc. Employee Savings Plan |
|---|---|
| Total plan assets | $1,754,611,565 |
| Participants | 15,675 |
| Plan-paid admin cost per participant | $64.41 |
How that cost compares
This plan pays $64.41 per participant. The median across plans in insurance is $119.27, from the 1,004 of 1,068 whose Form 5500 yields a per-participant cost.
Brown & Brown, Inc. Employee Savings Plan on its Form 5500 filing: fees, providers and financials
How does BROWN & BROWN's 401(k) match compare?
BROWN & BROWN, INC.'s maximum 401(k) match of 4% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in insurance, two report the same recordkeeper and one vests on the same schedule.
Maximum match 4% of pay. Also in insurance.
Maximum match 4% of pay. Also in insurance.
Maximum match 3% of pay. Also in insurance.
Maximum match 3% of pay. Same recordkeeper, Charles Schwab.
Maximum match 4.5% of pay. Same recordkeeper, Charles Schwab.
Maximum match 4% of pay. Vests immediately too, like BROWN & BROWN.
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed June 25, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is BROWN & BROWN, INC.'s 401(k) match?
Brown & Brown, Inc. matches 100% (dollar-for-dollar) of the first 3% of pay, then 50% of the next 2% of pay, for a maximum employer match of 4% of compensation (plan year ended December 31, 2025).
When does the BROWN & BROWN, INC. 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does BROWN & BROWN, INC.'s 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Who is the recordkeeper for BROWN & BROWN, INC.'s 401(k)?
Charles Schwab is named as the recordkeeper on the Form 5500 filed for Brown & Brown, Inc. Employee Savings Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. Matched to this employer by sponsor name, not by an identifier stated in the filing. This record could cover another plan of the same employer.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that BROWN & BROWN, INC. filed with the US Securities and Exchange Commission for the plan year ended December 31, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | BROWN & BROWN, INC. |
| SEC CIK | 79282 |
| Accession number | 0001193125-26-283011 |
| Plan | Brown & Brown, Inc. Employee Savings Plan |
| Period of report | December 31, 2025 |
| Filed | June 25, 2026 |
401(k) Monitor is not affiliated with BROWN & BROWN, INC., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “BROWN & BROWN, INC. 401(k) plan facts”, from SEC Form 11-K accession 0001193125-26-283011, plan year ended December 31, 2025.
