401(k) · DOL Form 5500 · 2022
Banner Health 401(k) Plan
Data updated 2026-08-25
- $3.6B
- Total assets Very large vs avg
- 50,602
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $70,488
- Avg per participant Below avg balance/head
Official DOL plan name: Banner Health Employees 401(k) Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance
$3.6B in assets, 50,602 participants
Banner Health's Banner Health Employees 401(k) Plan reported $3.6B in total assets and 50,602 participants in its 2022 DOL Form 5500 filing, ranking in the 100th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- #20,027 in Healthcare & Social Assistance (20,060 peers)
Coverage in Arizona
Banner Health Employees 401(k) Plan covers 50,602 participants in Arizona, 90x the typical Arizona plan (state average ~564 per filing). Assets: $3.6B.
- #20,027
- in Healthcare & Social Assistance (20,060 peers)
- -15.4%
- assets change YoY
- 36×
- vs typical plan assets (national mean)
The plan reported a net loss of $648M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Banner Health Employees 401(k) Plan's outsized position by total assets
Banner Health Employees 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$3,566,847,679 Highest reported value at or above every one of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Banner Health Employees 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banner Health Employees 401(k) Plan is a mega filing (50,602 participants), the rightmost band on the breakdown.
EBSA filing schedule strip
Filing strip 450233470 · Banner Health PY 2022 · 401(k)
Banner Health Employees 401(k) Plan · $3.6B · 50,602 · 100th
- EBSA $3.6B
- PART 50,602
- TYPE 100th
- NET 401(k)
- BOOK near Publicis Benefits Connection 401(k) Plan
- VS-ST ind #20027
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Healthcare & Social Assistance retirement plans → · Plans in Arizona →
Banner Health Employees 401(k) Plan in the asset neighbourhood
Arizona filing particulars
| Total Assets (Beginning of Year) | $4.2B |
|---|---|
| Net Assets (End of Year) | $3.6B |
| Net Income | -$648M |
| Employer EIN | 450233470 |
| Plan Effective Date | 1974-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Banner Health)
Sponsor-wide plan assets over time
All Banner Health plans reported in each filing year
- Latest sponsor-wide plan assets
- $5.1B 35.83460710247511% vs 2022
- 2024 filing year
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 3 | 61,171 | $3.8B |
| 2023 | 3 | 63,854 | $4.5B |
| 2024 | 3 | 66,386 | $5.1B |
Nearby 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $1.9B · 12,362
- Republic Services, Inc. 401(k) Plan $1.8B · 28,320
- Stantec 401(k) Plan $1.7B · 8,764
- Reliance Steel & Aluminum Co. Master 401(k) Plan $1.3B · 9,895
- Pinnacle West Capital Corporation Savings Plan $1.3B · 5,844
Scale composition for Banner Health Employees 401(k) Plan
Banner Health Employees 401(k) Plan reports $3.6B in end-of-year assets across 50,602 participants (0.029% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.054% of 93,925,755 covered participants) - about $70,488 per participant (51% of the national average assets-per-participant) . Net income for plan year 2022 was -$648M.
This plan identity (EIN 450233470, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.6B to $4.9B (+37.9%) while covered participants moved from 50,602 to 54,731 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 50,602 | $3.6B | This page |
| 2023 | 52,452 | $4.3B | Open filing |
| 2024 · index core | 54,731 | $4.9B | Open filing |
The same sponsor also keeps 2 other index-core plans on PlainRetire:
- Banner Health Employees 401(k) Plan (401(k), $4.9B, 54,731 participants)
- Banner Health Employees 403(b) Plan (Other, $173M, 11,316 participants)
Banner Health Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Arizona, the nearest 401(k) by assets is Publicis Benefits Connection 401(k) Plan in IL ($3.6B); by covered participants it is Southwest Airlines Co. 401(k) Plan in TX (50,590 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($3.6B here).
- Publicis Benefits Connection 401(k) Plan (IL) $3.6B · 25,067
- Pg&e Corporation Retirement Savings Plan (CA) $3.6B · 10,112
- Bnsf Railway Company Non-Salaried Employees 401(k) Retirement Plan (TX) $3.6B · 27,463
- Massmutual Thrift Plan (MA) $3.6B · 15,229
Similar participant headcount
Nearest other-state filings by covered participants (50,602 participants); asset peers above are excluded.
- Southwest Airlines Co. 401(k) Plan (TX) 50,590 · 12 off
- Trader Joe's Company Retirement Plan (CA) 50,462 · 140 off
- Savings Plan for Employees and Partners of Pricewatercoopers LLP (FL) 50,354 · 248 off
- Tcs 401(k) Plan (NJ) 50,322 · 280 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.