Brown & Brown, Inc. Employee Savings Plan BB...Loans You may borrow from your vested account balance. Loan repayments are made through salary deductions each pay period. • The minimum

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BBTable of Contents

4 Brown & Brown, Inc. Employee Savings Plan Highlights 5 Plan Features 7 Three Steps to Enrollment 9 Investment Strategies 14 Act Now! Enroll

START EARLY. IT’S IMPORTANT. THE POWER OF COMPOUNDING.Although it is never too late to start saving for retirement, starting early is one of the best ways to build toward retirement. By starting early, you can take advantage of pre-tax and Roth 401(k) contribution savings, allowing for the power of compounding to make your money work harder for you.

Your Contribution 3% 5% 7%

Potential Balance in 10 Years $12,200 $20,333 $28,466



$0 $50,000 $100,000 $150,000 $200,000 $250,000

7%

5%

3%

Potential Balance in 30 Years



Hypothetical examples are for illustrative purposes only and are not intended to represent the past or future performance of any specific investment. The balances shown represent the amount contributed and the interest compounded annually. The examples assume a starting salary of $25,000, annual pay raises of 1%, a hypothetical average rate of return of 8%, reinvestment of dividends and capital gains, and no current taxes paid on earnings in a retirement plan account. Schwab Retirement Plan Services, Inc. does not provide tax or legal advice.

WELCOME!Brown & Brown, Inc. encourages you to invest in yourself and your future by participating in the Brown & Brown, Inc. Employee Savings Plan (the “401(k) Plan”).

In order to have financial stability in your retirement years, it is important to take action now.

We have selected Schwab Retirement Plan Services, Inc. as our recordkeeper to provide information to help you make informed choices about your retirement needs, investment alternatives, and the benefits of long-term savings. The 401(k) Plan enables you to save with pre-tax and Roth 401(k) contributions, and to maximize your contribution by taking advantage of employer matching and profit sharing contributions.

This educational guide is designed to assist you as you explore:

What to consider as you build your retirement plan.

How to review your current financial objectives to ensure you are working toward your retirement savings goals.

How to make the most of 401(k) Plan resources and 401(k) Plan provisions.

How to choose the investments that best fit your retirement goals.

How to understand the different categories of investments and their associated risks.

How to take action!

Additionally, whether you are joining the 401(k) Plan for the first time, currently participating in the 401(k) Plan or approaching retirement and looking for guidance on retirement options, a Participant Services Representative is available to assist you every step of the way.

Brown & Brown considers the 401(k) Plan a very important benefit. We sincerely hope you will take this opportunity to save and invest in your future.

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BROWN & BROWN, INC. EMPLOYEE SAVINGS PLAN HIGHLIGHTSThis is a great way for you to review how your 401(k) Plan account works!

The following highlights will provide you with an overview of how the 401(k) Plan works. Please read the education guide and review the information provided on the website carefully. The education guide is designed to make important details about your retirement savings plan more understandable.

The 401(k) Plan is a benefit and may help you build future financial security for the time when you are no longer working. To help you work toward achieving that objective, the company offers you the opportunity to participate.

The 401(k) Plan offers you advantages, such as:

• Pre-tax contributions, which provide the opportunity for your account to grow tax-deferred.

• Roth 401(k) after-tax contributions.

• A variety of investment options.

There are a number of ways to obtain additional information about the 401(k) Plan:

Website – workplace.schwab.comYou can enroll, view account information, request investment information and make changes to your investment and contributions online. The website is available 24 hours a day, 7 days a week.

Participant Services – 800-724-7526You can enroll, obtain account information, and make changes to your investments and contributions by calling Participant Services. Participant Services Representatives are available Monday through Friday, from 7 a.m. to 11 p.m. Eastern time (4 a.m. to 8 p.m. Pacific time).

Account StatementsYour statement will be sent following the end of the quarter. The statement will provide a summary of recent activity for your 401(k) Plan account.

Go green! You can choose to receive your account statements and other 401(k) Plan communications electronically. Log in to your account at workplace.schwab.com and select Communication Preferences from the My Profile tab to elect electronic messaging.

Official Documents The 401(k) Plan Summary Plan Description (SPD) and fund prospectuses are very important documents. The SPD will summarize what the 401(k) Plan provides and how it operates. It provides information on when you are eligible to participate in the 401(k) Plan, how much you can contribute, and when benefits become vested. The SPD is available on workplace.schwab.com and through your Team Resources Coordinator.

Fund prospectuses are available for each of the mutual funds in the 401(k) Plan fund lineup. You can request a prospectus by calling Participant Services at 800-724-7526 or visiting workplace.schwab.com.

Schwab Retirement Plan Services, Inc. Is Ready to HelpIf you have questions or need assistance, please visit workplace.schwab.com or call 800-724-7526 to speak with a Participant Services Representative.

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THE BROWN & BROWN, INC. EMPLOYEE SAVINGS PLAN HIGHLIGHTS AT A GLANCEMost of your retirement income may come from savings accumulated during your working years. The Brown & Brown, Inc. Employee Savings Plan may help you build your retirement savings and stay on track toward your goals.

Key Features:

Eligibility and Enrollment

You are eligible to enroll in the 401(k) Plan if you are at least 18 years of age and are expected to complete a year of service (1,000 hours), excluding leased employees. You may enroll on the first day of the payroll coinciding with, or following, completion of one month of service.

Your Contributions

You can contribute up to 70% of your eligible compensation. Federal law limits the amount you can contribute every year. The 2016 IRS limit is currently $18,000 for persons under 50 years of age. The sum of your pre-tax and Roth 401(k) contributions cannot exceed this amount.

• You may choose to contribute on a pre-tax basis.

• You may also choose to make Roth 401(k) contributions. Your contributions are withheld on an after-tax basis and any earnings on your account are tax-free when withdrawn, provided the withdrawal occurs at least five years following the year your first Roth 401(k) contribution was made and you have attained age 59½, died, or become disabled.

• If you will be age 50 years or older by the end of the calendar year, you may make additional contributions to the 401(k) Plan. For 2016, the IRS limit for the additional contribution is $6,000 ($24,000 total).

• You can change your contribution rate at any time by calling Participant Services at 800-724-7526 or by visiting workplace.schwab.com.

Company Contributions

• Brown & Brown, Inc. will make Safe Harbor Matching Contributions to your account if you are participating in the 401(k) Plan. Brown & Brown, Inc. will match 100% of the first 3%, plus 50% of the next 2% of your eligible pay you contribute.

The employer contribution is paid on a pre-tax basis and may be taxable at withdrawal.

Vesting

Vesting is your ownership of your account. You are always 100% vested in your own contributions and any earnings, including any rollover contributions you make to your account. Safe Harbor Matching Contributions made to your account are also immediately vested.

Company contributions made prior to January 1, 2014, are subject to the following vesting schedule:

Less than 1 year of service: 0% vested

1 year of service: 20% vested

2 years of service: 40% vested



5 or more years of service: 100% vested

Rollovers

You may be able to roll over account balances from other employer-sponsored qualified retirement plans into your 401(k) Plan account. You can obtain a copy of the rollover form online at workplace.schwab.com or by calling Participant Services at 800-724-7526.

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Withdrawals

The 401(k) Plan account is designed primarily to help you save for retirement. Please note that there are IRS restrictions on when money may be withdrawn from your account. The IRS recognizes that certain events may present a need for you to access your savings. Under the following circumstances, you may withdraw money from your account:

RetirementYou can withdraw money from your account when you reach the early retirement age of 59½ if you have completed five years of service with the company, or at the normal retirement age of 65.

Loans You may borrow from your vested account balance. Loan repayments are made through salary deductions each pay period.

• The minimum loan amount is $1,000.

• The maximum loan amount is 50% of your vested amount, up to $50,000.

• There is a one-time fee of $75 on new loans.

• The interest rate for the loan is the prime rate at the time the loan is taken plus 1%.

• Only two loans are allowed at a time.

• The maximum term is five years for general loans or 15 years for home loans.

Hardship WithdrawalA “financial hardship” is defined as a heavy and immediate financial need that cannot be satisfied by other resources available to you. You may be eligible to withdraw a portion of your vested account balance if you experience a financial hardship. In order to qualify for a hardship withdrawal, you must first utilize the loan provision available within the 401(k) Plan. Qualified reasons for a hardship withdrawal include:

• To prevent eviction from or foreclosure of your primary residence.

• To purchase a primary residence.

• To pay for post-secondary education for you or an immediate family member.

• To pay for uninsured medical or dental expenses for you or an immediate family member.

• To repair damage to your primary residence.

• To cover funeral expenses for an immediate family member.

Hardship withdrawals are subject to ordinary income tax and may be subject to a 10% federal penalty. Residents of certain states may also be subject to state penalties.

Termination You may receive all of your vested contributions and any earnings upon termination of employment. Please note: If your vested account balance upon termination, or at any point thereafter, is $1,000 or less, your account will be distributed to you as a single-sum cash distribution. If your vested account balance is between $1,000 and $5,000, your account will be distributed to a Rollover IRA that will be administered by Charles Schwab Bank.* If your vested account balance is greater than $5,000, your account can remain in the 401(k) Plan.

Disability If you terminate your employment with Brown & Brown, Inc. because you become permanently disabled, you are allowed to withdraw your money.

Death If you die, your account balance will be paid to your beneficiaries.

For more information about your withdrawal options, call Participant Services at 800-724-7526 to speak with a Participant Services Representative.

This information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Where specific advice is necessary or appropriate, you should consult with a qualified tax advisor, CPA, Financial Planner or Investment Manager.

The above highlights section is only a brief overview of your 401(k) Plan’s features and does not constitute a legally binding document. A more detailed Summary Plan Description is available at workplace.schwab.com. Please review it carefully for additional information about the specific provisions of your 401(k) Plan. If you have further questions, contact your Team Resources Coordinator.

*Rollover funds in the Charles Schwab Bank IRA are invested in an FDIC-insured money market deposit account at Charles Schwab Bank. Any account balances in the Roth 401(k) sources will be rolled over into a Roth IRA, and the five-year qualification period will start over.

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THREE STEPS TO ENROLLMENT

Step 1 Decide how much to save.Step 2 Decide which investments are right for you.Step 3 Act now! Enroll.

Savings AdvantagesSince Social Security may not provide enough income during your retirement years and inflation could reduce your savings, it is important to develop a sound retirement plan. Saving through an employer-sponsored retirement plan is an important step in retirement savings.

First, Consider the Tax DeferralsPre-Tax Contributions: The amount you put into your pre-tax 401(k) account is deducted from your paycheck before it is taxed. The net impact on your take-home pay may be less than the amount you are contributing to the 401(k) Plan.

Roth 401(k) Contributions: Regular 401(k) contributions give an immediate tax break; Roth 401(k) contributions give it to you down the road. Regular 401(k) contributions are made before taxes, reducing your current taxable income, and you don’t pay any taxes until you withdraw money from your account. If you make a Roth 401(k) contribution, you pay taxes on your contributions up front and any earnings may be tax-free when withdrawn, assuming certain criteria are met.

Tax-Deferred Earnings: In addition to having your money go into the 401(k) Plan before taxes, your money can grow free of current taxes. This means any tax due on earnings stays in the 401(k) Plan and contributes to the compounding in your account. Any earnings may also have earnings. Of course, at retirement the withdrawals you make from your retirement account will be considered income and can be subject to regular income taxes, depending on your tax bracket at that time. You may be in a lower tax bracket during retirement and your tax burden may be less than it is today.

Plus, There’s the Company Match!When you ask the question “how much should I save for retirement,” invariably you’ll hear the answer “as much as you can.” That may be true, but if you’re looking for a number, consider this: You can contribute 1% to 70% of your eligible salary into the 401(k) Plan, up to $18,000, and if you are 50 years or older and make the additional catch-up contribution of $6,000, you can contribute a total of $24,000 in 2016. So, save “as much as you can,” and remember, the company makes a Safe Harbor Matching Contribution of 100% of the first 3%, plus 50% of the next 2% of your eligible pay that you contribute. If you contribute less than 5%, you’re not taking full advantage of company benefits.

Quick Tip!Go to workplace.schwab.com to access the Paycheck Calculator. The Paycheck Calculator may be found by clicking on the Learning Center tab, then Planning Tools. This will help you run scenarios to see how different deferral percentages will impact your take-home pay. You’ll see that because your contributions come out before taxes, the net impact on your take-home pay may be much less than the amount you contribute. (This will help you choose to save “as much as you can.”) There are also several worksheets available that you can use to help determine how much you may need when you retire. This will help you move from “how much you can save” to “how much you need to save.”

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Step 1 Decide how much to save.Step 2 Decide which investments are right for you.Step 3 Act now! Enroll.

Investment OptionsThe following funds are the investment options available in the 401(k) Plan. If you do not make investment choices, your account balance will be invested into a Vanguard Target Retirement Fund based on your age, as determined by the 401(k) Plan Sponsor. For more information on choosing the investments that are right for you, review the Investment Strategies section of your guide. If you select one of the Custom Risk-Based Model Portfolios, 100% of your account balance will be invested in that model. Since the models do not include the Brown & Brown Company Stock Fund, selecting a model will result in the sale of all Brown & Brown Company Stock you may have in your 401(k) Plan account.

Fund Name Ticker/Symbol Asset Class

Wells Fargo Stable Value Fund E (20)1 N/A Stable ValueVanguard Total Bond Market Index I VBTIX Intermediate-Term BondDodge and Cox Income DODIX Intermediate-Term BondPIMCO Real Return Instl PRRIX Inflation-Protected BondInvesco Growth and Income R5 ACGQX Large ValueVanguard Institutional Index I VINIX Large BlendHarbor Capital Appreciation Instl HACAX Large GrowthJPMorgan Mid Cap Value Instl FLMVX Mid-Cap ValueVanguard Mid Cap Index Adm VIMAX Mid-Cap BlendVanguard Mid Cap Growth Inv VMGRX Mid-Cap GrowthAmerican Beacon Small Cp Val Inst AVFIX Small ValueVanguard Small Cap Index Adm VSMAX Small BlendLoomis Sayles Small Cap Growth Instl LSSIX Small GrowthHarbor International Institutional HAINX Foreign Large BlendVanguard Total Intl Stock Index Admiral VTIAX Foreign Large BlendAmerican Funds EuroPacific Growth R6 RERGX Foreign Large GrowthPrincipal Diversified Real Asset Inst PDRDX Conservative AllocationVanguard Target Retirement Income Inv VTINX Retirement IncomeVanguard Target Retirement 2015 Inv VTXVX Target Date 2011–2015Vanguard Target Retirement 2020 Inv VTWNX Target Date 2016–2020Vanguard Target Retirement 2025 Inv VTTVX Target Date 2021–2025Vanguard Target Retirement 2030 Inv VTHRX Target Date 2026–2030Vanguard Target Retirement 2035 Inv VTTHX Target Date 2031–2035Vanguard Target Retirement 2040 Inv VFORX Target Date 2036–2040Vanguard Target Retirement 2045 Inv VTIVX Target Date 2041–2045Vanguard Target Retirement 2050 Inv VFIFX Target Date 2046–2050Conservative Portfolio2 N/A Custom Risk-Based Model PortfolioModerate Conservative Portfolio2 N/A Custom Risk-Based Model PortfolioModerate Portfolio2 N/A Custom Risk-Based Model PortfolioModerate Aggressive Portfolio2 N/A Custom Risk-Based Model PortfolioAggressive Portfolio2 N/A Custom Risk-Based Model PortfolioBrown & Brown Company Stock3 BRO Company Stock

Self-Directed Brokerage Account

Schwab Personal Choice Retirement Account® (PCRA)4

Changing Your InvestmentsYour contributions will be deducted automatically from your paycheck and deposited into your account. You may change your investment elections for future contributions or rebalance your investments at any time, subject to prospectus requirements, on workplace.schwab.com or by calling Participant Services at 800-724-7526. Please note, if you are selecting a Custom Risk-Based Model Portfolio, any changes will apply to both current balances and future contributions.

For more details and other 401(k) Plan disclosures, go to page 16.

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INVESTMENT STR ATEGIES

Which funds may be right for me?We offer you different options, based on what kind of investor you may be, to help you choose your investments. Based on your answer, choose one of the strategies below:

Do you want or need assistance with making your retirement account investment decisions?

“Yes, I prefer to do my retirement investing with some help.” “No, I prefer to do my retirement investing on my own.”

Target Date Retirement Funds

Custom Risk-Based Model Portfolios

GuidedChoice®5

Advice Service Plan-Selected FundsSchwab Personal

Choice Retirement Account® (PCRA)4

If you lack the time or desire to manage and monitor your retirement plan savings on a day-to-day basis, then target date retirement funds may be the right strategy for you.

These funds are designed and professionally managed based on an expected retirement date.

Professionals will manage your investment and asset allocation decisions.

You select a target retirement date that fits with your overall financial strategy (e.g., 2015, 2020) and other factors important to you.

If deciding on the right investment mix is challenging, one of the five custom risk-based model portfolios may be the approach for you.

Risk-based portfolios are designed for the investor who seeks one investment vehicle for all retirement contributions without having to make individual investment selections. Choosing a portfolio will apply to your current balance and your future contributions and result in the liquidation of your Brown & Brown Company Stock Fund balance in this 401(k) Plan.

Each portfolio has a different investment focus (e.g., conservative, conservative/moderate, aggressive) in an attempt to meet different long-term risk and return objectives based on your individual time horizon.

This strategy was created specifically for Brown & Brown, Inc. by its investment consultant, the Newport Group.

It’s tough to reach a goal when you don’t know which direction to go. That’s why the 401(k) Plan includes a point-in-time advice service to help you check in and plot your savings course.

With the GuidedChoice® advice service, you get:

• Help determining your retirement savings goals

• A savings and investment recommendation to help you work toward your goals

• Annual portfolio rebalancing to help you stay on the course you’ve set

If you like making your own investment decisions, your 401(k) Plan has a pre-screened group of funds, known as Plan-Selected Funds, from which to choose.

After you review these funds, you can select the ones in which you’d like to invest and determine the percentage you want to allocate to each fund. You manage your portfolio.

For help, complete the Investor Profile Questionnaire at workplace.schwab.com.

Any contributions you make to the Brown & Brown Company Stock Fund are held in the employee stock ownership plan (the “ESOP”).

If you are a participant in the ESOP and a cash dividend is paid out, you will need to make a special election regarding the stock dividends. More information about your options is available on page 13.

PCRA is a self-directed brokerage account. For more information, call 888-393-7272.

To Select the Target Date Retirement Funds:

Go to workplace.schwab.com or call Participant Services at 800-724-7526 to access your account or enroll for the first time.

Select one of the Vanguard Target Retirement Funds.

To Select the Custom Risk-Based Model Portfolios:

Go to workplace.schwab.com or call Participant Services at 800-724-7526 to access your account or enroll for the first time.

Select one of the Custom Risk-Based Model Portfolios.

To Select Point-in-Time Advice:

Call Participant Services at 800-724-7526 to schedule an advice appointment.

Once you finish the advice session and accept the recommendations, your account will automatically rebalance each year.

You can also set up an appointment on workplace.schwab.com.

To Select Your Own Investments:

Go to workplace.schwab.com or call Participant Services at 800-724-7526 to access your account.

Review/change your contribution rate.

Select your investments from the Plan-Selected Fund list.

For more details on fund and other 401(k) Plan disclosures, go to page 16.

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TARGET RETIREMENT FUNDSIf you lack the time, confidence or desire to actively manage and monitor your retirement plan savings options, target retirement funds may be right for you. These funds automatically adjust over time to help meet changing risk and return objectives. By choosing the fund that closely matches the year you plan to retire (your target retirement date and your overall financial goals), you set your retirement plan in motion, leaving the details to professional investment managers.

What Are Target Retirement Funds?Target retirement funds were developed for participants who want to contribute and save for retirement but desire a professional to manage their day-to-day investment and asset allocation decisions.

Each target retirement fund is spread across multiple asset classes, such as stocks, bonds and cash investments. These funds are designed so that you can direct your investments into one fund, from the time you begin to save until you retire.

How Target Retirement Funds Work:• Choose the fund that closely matches the year you plan to retire, as well as your other financial goals. That fund will transition from a

more aggressive to more conservative investment mix over time.

• Investment professionals will make the decisions about investments and asset allocation for the underlying fund.

• There is also a retirement income fund designed to meet your needs in retirement.

• Eventually, each target date fund merges with the retirement income fund, containing a mixture of cash, bonds and stocks designed for those currently in retirement.

• You should review your investment selection at least annually to ensure you remain on track with your goals.

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CUSTOM RISK-BASED MODEL PORTFOLIOSIf deciding on the right investment mix is challenging for you, one of the five custom risk-based model portfolios may be the approach for you.

Custom risk-based model portfolios are diversified portfolios combining investments of various asset classes—including stocks, bonds and cash investments—with different asset allocations based on investment risk tolerance. These models are created from Plan-Selected Funds as chosen by the Newport Group.

How Does It Work?Make one decision based on your tolerance for investment risk. For help in deciding which custom risk-based model portfolio is right for you, complete the Investor Profile Questionnaire available online at workplace.schwab.com. The 401(k) Plan offers a selection of five different model portfolios—Conservative, Conservative/Moderate, Moderate, Moderate/Aggressive and Aggressive. Choose one of the model portfolios where the underlying funds have been pre-selected for you. You should review your investment selection at least annually to ensure you remain on track with your goals.

By selecting one of the model portfolios, your current balances will be changed along with your future contributions. It is important to note that since none of the model portfolios contain Brown & Brown Company Stock, selecting a model will require that we liquidate any amounts you have invested in Brown & Brown Company Stock.

• Conservative: For participants seeking to preserve their investment, this relatively low-risk model provides limited growth potential, seeking to keep risk to a minimum.

• Conservative/Moderate: For participants seeking to preserve their investment, but who are also willing to assume a bit of risk, this model seeks low to moderate growth.

• Moderate: For participants who seek a balance between risk and reward, this model seeks moderate growth.

• Moderate/Aggressive: For participants comfortable with risk, this model seeks higher growth than the Moderate model, but also has higher risk.

• Aggressive: For participants very comfortable with risk in seeking to achieve their investment goals, this model seeks high growth with higher risk.

Conservative Conservative/

ModerateModerate

Moderate/ Aggressive

Aggressive

STABLE VALUE Wells Fargo Stable Value Fund E (20)1 20% 9% 6% 3% 0%FIXED INCOME/BONDVanguard Total Bond Market Index I 25% 19% 12% 6% 0%Dodge and Cox Income 24% 19% 12% 6% 0%PIMCO Real Return Instl 10% 8% 4% 3% 0%Principal Diversified Real Asset Instl 5% 6% 6% 4% 3%LARGE CAPInvesco Growth and Income R5 2% 7% 9% 12% 14%Vanguard Institutional Index I 4% 8% 13% 18% 23%Harbor Capital Appreciation Instl 2% 4% 6% 7% 9%MID CAPJPMorgan Mid Cap Value Instl 1% 2% 3% 4% 5%Vanguard Mid Cap Index Adm 1% 1% 3% 4% 5%Vanguard Mid Cap Growth Inv 1% 1% 2% 2% 3%SMALL CAP American Beacon Small Cp Val Inst 1% 1% 2% 3% 3%Vanguard Small Cap Index Adm 0% 1% 1% 2% 2%Loomis Sayles Small Cap Growth Instl 0% 1% 1% 1% 1%INTERNATIONAL Harbor International Institutional 1% 3% 5% 6% 8%Vanguard Total Intl Stock Index Admiral 2% 7% 10% 13% 16%American Funds EuroPacific Growth R6 1% 3% 5% 6% 8%

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GUIDEDCHOICE®5 ADVICE SERVICEIf you want to be involved in managing your 401(k) Plan account, but would like to receive savings and investment recommendation to help you work toward your goals, the GuidedChoice advice service may be right for you. The point-in-time advice service helps you check in and plot your savings course.

Although the advice service is only provided on your 401(k) Plan account, all of your investments can be considered in creating the retirement plan recommendations. Your account will be automatically rebalanced each year to stay on track with that advice—unless you opt out of this service.

What Is the GuidedChoice Advice Service?• Help determining your retirement savings goals

• A savings and investment recommendation to help you work toward your goals

• Annual portfolio rebalancing to help you stay on the course you’ve set

The advice service is available as often as you wish. If you experience a life event, such as marriage, the birth of a child, a change in income or a change in your investments outside of your Plan, you should review your recommendation at least annually to ensure that your strategy is still appropriate for you.

How the GuidedChoice Advice Service Works:• Call a Participant Services Representative to set up an appointment for a consultation over the phone. During your appointment, an

Advice Consultant will help you access the advice service online and/or explain the recommendations made to you. You can schedule an appointment online at workplace.schwab.com or by calling 800-724-7526.

OR

• Log on to workplace.schwab.com to use the online service and receive recommendations.

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PLAN-SELECTED FUNDSIf you prefer to make your own investment decisions, the Plan-Selected Funds may be right for you. Plan-Selected Funds include a list of well-researched investment choices, allowing you to build and manage your own retirement portfolio. The list has been crafted to give you a diverse range of investment choices to accommodate your financial goals and time horizons.

What Are Plan-Selected Funds?Plan-Selected Funds are funds that have been pre-selected by your company to provide flexibility in creating a diversified portfolio that may reflect your retirement savings style. The asset category, risk rating and historical performance for each of the funds are just some of the factors to consider when making your retirement investment decisions.

A fund profile is available for each fund in your 401(k) Plan. To find more information about the funds offered in your 401(k) Plan, refer to the fund profile sheets located on workplace.schwab.com.

How Plan-Selected Funds Works:• Complete the Investor Profile Questionnaire—an online tool designed to assist you in determining your investing time horizon and

risk tolerance. The questionnaire may be viewed online at workplace.schwab.com.

• Select the funds that interest you and determine the percentage of your contribution that you would like to allocate to each fund.

• Re-evaluate your financial plan and investment risk at least annually to ensure you remain on track with your goals.

Brown & Brown Company Stock3

All contributions to Brown & Brown Company Stock are held in the ESOP. You may elect to invest any portion of your account in Brown & Brown Company Stock and you will become a participant in the ESOP portion of the 401(k) Plan.

If you are a participant in the ESOP, dividends may be paid on the Brown & Brown common stock. You will need to make an election for the stock dividends held in your account. You have two options:

• Option 1 - Reinvest Your Dividends: Each time a dividend is paid (generally quarterly), the dividend will be reinvested in Brown & Brown Company Stock in your account in the 401(k) Plan and will increase the number of shares of Brown & Brown Company Stock in your account. Under federal law, reinvested dividends will be 100% vested, even if you are not 100% vested in employer contributions in the 401(k) Plan.

• Option 2 - Pay Out Dividends: Each time a dividend is paid (generally quarterly), you will receive a check equal to the amount of the dividend. These dividend payments are taxable income to you, and as such, you will receive a Form 1099-R at the end of the year that shows the amount of taxable dividends you received during the year. Dividends that are paid to you do not increase your account.

If you do not make an election, you will be defaulted into Option 1 (reinvesting your dividends).

To make your election, visit workplace.schwab.com or call Participant Services at 800-724-7526.

From the website:• Log in to your account.

• Go to the Manage Account tab.

• Click on ESOP Stock Dividend Election. You will be directed to a screen to make your election to reinvest or receive a cash payout.

• Make your selection and click Submit.

The election you make will apply to all future dividends paid by Brown & Brown, Inc. but can be changed at any time at workplace.schwab.com. You may also transfer money into or out of your Brown & Brown Company Stock account at any time.

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Step 1 Decide how much to save.Step 2 Decide which investments are right for you.Step 3 Act now! Enroll today at workplace.schwab.com,

by phone at 800-724-7526, or via the mobile app.

If you are logging on for the first time, you must first establish your login credentials using the Register Now link at workplace.schwab.com.

Enroll Online• Fill in the Plan Participant Login.

• Enter your login ID.

• Enter your password.

• Click Log in.

Enroll by Phone • Enter your Social Security number, and then hit #.

• You’ll be asked to enter your password. Follow the prompts to bypass this step and be transferred to a Participant Services Representative.

• They’ll ask you some questions to verify your identity.

• Once you are verified, tell them you would like to enroll in the 401(k) Plan.

Enroll by mobile app • Download the Schwab Workplace Retirement app at workplace.schwab.com/mobile.

• Fill in the Plan Participant Login.

• Enter your login ID.

• Enter your password.

• Click Log in.Requires a wireless signal or mobile connection.

Don’t Forget to Complete Your Beneficiary Designation Online! • It is important and only takes a few minutes to go online and designate the beneficiary for your 401(k) Plan account.

• This lets Schwab Retirement Plan Services, Inc. and your employer know who should receive any account balance in the event of your death.

• To the extent required by law, you must designate your spouse as beneficiary unless you have written spousal consent to designate otherwise.

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NOTES

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Access to electronic services may be limited or unavailable during periods of peak demand, market volatility, systems upgrades, maintenance, or for other reasons.

A note about risk: Brown & Brown, Inc. has made available different investments in the hope of meeting the various savings and investment goals for all participants. As you make your investment choices, keep in mind that there is risk involved. The funds differ in growth potential and risk. Pursuant to Department of Labor Regulation 2550.404c-(b)(2)(i)(B)(1)(i), this 401(k) Plan is intended to qualify as an ERISA 404(c) plan that relieves plan fiduciaries of liability for any investment losses that result from investment directions made by 401(k) Plan participants.1This investment option is a separate account and is not a registered investment company product.2The Custom Risk-Based Model Portfolios were created for the Brown & Brown, Inc. Employee Savings Plan by the Newport Group. These entities are independent of Schwab Retirement Plan Services, Inc. and its affiliates. Consider carefully information contained in the prospectus for the underlying mutual funds, including investment objectives, risks, trading policies, charges, and expenses. Please read the prospectus carefully before investing.3If you hold investments in the Brown & Brown Company Stock, you should be aware that there is a risk to holding substantial portions of your assets in the securities of any one company, as individual securities tend to have wider price fluctuations, up and down, in shorter periods of time than investments in diversified funds. As with any other investment in the Plan, Brown & Brown, Inc. does not guarantee the performance of the investment in BRO stock. 4Schwab Personal Choice Retirement Account® (PCRA) is offered through Charles Schwab & Co., Inc. (Member SIPC), a registered broker-dealer, as part of the Plan, with Plan recordkeeping services provided by Schwab Retirement Plan Services, Inc.5Retirement plan investment advice is formulated and provided by GuidedChoice Asset Management, Inc.® (“GuidedChoice”), which is not affiliated with or an agent of Charles Schwab & Co., Inc. (CS&Co.), a federally registered investment advisor; Schwab Retirement Plan Services, Inc. (SRPS); or any of their affiliates. The GuidedChoice service is available to participants enrolled in plans that use the recordkeeping and related services of SRPS. Participant access to the GuidedChoice service is facilitated through CS&Co. Neither CS&Co., SRPS, nor their affiliates supervise, make recommendations with respect to, or take responsibility for monitoring the advice provided to participants by GuidedChoice. Advice Consultants are not employees of GuidedChoice and act solely as facilitators to participants accessing the GuidedChoice service. GuidedChoice advice is limited to the fund investment options available under your Plan as selected by your Plan Sponsor or other fiduciary. GuidedChoice services include automatic rebalancing of participant accounts to maintain the asset allocations as recommended by GuidedChoice. Accounts will be rebalanced annually unless you opt out of this service.

Schwab Retirement Plan Services, Inc. provides recordkeeping and related services with respect to retirement plans and has provided this communication to you as part of the recordkeeping services it provides to the Plan. Trust, custody, and deposit products and services are available through Charles Schwab Bank.

CC0738161 (0316-1130) GDE27583BRB-17 (09/16) 00179373