Defined Benefit (Pension) · DOL Form 5500 · 2022

Banner Health Pension Plan

Data updated 2026-08-25

$59M
Total assets Below avg plan size
436
Participants Below avg headcount
89th
Percentile by assets National rank
$136,071
Avg per participant Near avg balance/head
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Official DOL plan name: Sun Health Corporation Pension Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance

$59M in assets, 436 participants

Banner Health's Sun Health Corporation Pension Plan reported $59M in total assets and 436 participants in its 2022 DOL Form 5500 filing, ranking in the 89th 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.

  • #18,241 in Healthcare & Social Assistance (20,060 peers)

Where Sun Health Corporation Pension Plan sits by assets

Sun Health Corporation Pension Plan sits in the top quartile of all filed plans by assets, $59M for 436 participants (~$136,071/participant), down 22.9% in 2022.

#18,241
in Healthcare & Social Assistance (20,060 peers)
-22.9%
assets change YoY
0.6×
vs typical plan assets (national mean)

The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Sun Health Corporation Pension Plan's outsized position by total assets

Sun Health Corporation Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$59,327,088 Top 11% higher than 89% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Sun Health Corporation Pension Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sun Health Corporation Pension Plan sits mid-pack in the medium band (436 participants).

DOL schedule card

Filing strip 450233470 · Banner Health PY 2022 · Defined Benefit (Pension)

Sun Health Corporation Pension Plan · $59M · 436 · 89th

  • BOY $59M
  • BOY 436
  • BOY 89th
  • BOY Defined Benefit (Pension)
  • BOY near Gorton's Retirement Plan
  • BOY ind #18241

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 →

Sun Health Corporation Pension Plan in the asset neighbourhood

Employees Retirement Plan of Suriname Aluminum Co for Employees in Suriname Plan IIEmployees Retirement Plan of…$59MSuburban Hospital, Inc. Retirement Income PlanSuburban Hospital, Inc. Reti…$59MGorton's Retirement Plan$59MSun Health Corporation Pension PlanSun Health Corporation Pensi…$59MPremcor Pension Plan$59M
End-of-year total assets ($M) among Sun Health Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$77M
Net Assets (End of Year)$59M
Net Income-$18M
Employer EIN450233470
Plan Effective Date1970-07-01
Filing StatusFILING 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
$3.5B$4B$4.5B$5B$5.5B 202220232024 $3.77B $5.12B ▲ +35.8%
Year Plans Participants Total Assets
2022 3 61,171 $3.8B
2023 3 63,854 $4.5B
2024 3 66,386 $5.1B

Nearby Defined Benefit (Pension) Plans in Arizona

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Sun Health Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants Scatter plot of 6 data points. -100000100002000030000 -101234 Total assets ($B) Participants Sun Health Corporation Pension Plan, Total assets ($B): 0.059327088 · Participants: 436Sun Health Corporation Pension PlanPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.218517042 · Participants: 5840Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.527412379 · Participants: 4802Salt River Project Employees' Retirement PlanFreeport Minerals Corporation Retirement Plan, Total assets ($B): 1.392187623 · Participants: 2788Freeport Minerals Corporation Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 0.96033994 · Participants: 25673Desert States Employers & Ufcw Unions Pension PlanAvnet Pension Plan, Total assets ($B): 0.591298167 · Participants: 2609Avnet Pension Plan
Sun Health Corporation Pension Plan vs. nearby Defined Benefit (Pension) plans in Arizona, assets vs. participants
Compare Sun Health Corporation Pension Plan side-by-side with 3 peers →

Sun Health Corporation Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Arizona, the nearest Defined Benefit (Pension) by assets is Gorton's Retirement Plan in MA ($59M); by covered participants it is Americold Retirement Income Plan in GA (436 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (436 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sun Health Corporation Pension Plan assets move in 2022? ▼
Sun Health Corporation Pension Plan declined sharply - down 22.9% during 2022, from $77M to $59M. Reported net income was -$18M.
How have Banner Health plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Banner Health's sponsor-wide assets grew 35.8%, from $3.8B to $5.1B.
Where does Sun Health Corporation Pension Plan rank by assets among Form 5500 filers? ▼
Sun Health Corporation Pension Plan ranks in the 89th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Sun Health Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Gorton's Retirement Plan in MA ($59M, 100 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Sun Health Corporation Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Americold Retirement Income Plan in GA (436 participants, $35M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 450233470.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.