401(k) · DOL Form 5500 · 2023
Banner Health 401(k) Plan
Data updated 2026-08-06
- $4.3B
- Total assets
- 52,452
- Participants
- 100th
- Percentile by assets
- $81,425
- Avg per participant
Official DOL plan name: Banner Health Employees 401(k) Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance
$4.3B in assets, 52,452 participants
Banner Health's Banner Health Employees 401(k) Plan reported $4.3B in total assets and 52,452 participants in its 2023 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.
- 100th percentile by assets (of 126,618 plans)
- #17,593 in Healthcare & Social Assistance (17,626 peers)
Coverage in Arizona
Banner Health Employees 401(k) Plan covers 52,452 participants in Arizona, 91x the typical Arizona plan (state average ~577 per filing). Assets: $4.3B.
- $4.3B
- total plan assets (2023 EOY)
- 52,452
- covered participants
- 100th
- percentile by assets (of 126,618 plans)
- $81,425
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Banner Health Employees 401(k) Plan reported net income rose from -$648M in the plan year 2022 filing to $704M in the plan year 2023 filing.
- Banner Health Employees 401(k) Plan end-of-year assets rose from $3.6B in the plan year 2022 filing to $4.3B in the plan year 2023 filing.
- Banner Health Employees 401(k) Plan reported participants rose from 50,602 in the plan year 2022 filing to 52,452 in the plan year 2023 filing.
Participants vs Arizona filers
In Arizona, the average filing covers about 577 participants across 2,182 plans. Banner Health Employees 401(k) Plan reports 52,452 participants - 91x that state average ($4.3B EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $3.6B |
|---|---|
| Net Assets (End of Year) | $4.3B |
| Net Income | $704M |
| Employer EIN | 450233470 |
| Plan Effective Date | 1974-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Banner Health)
| 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.
Banner Health Employees 401(k) Plan vs. nearby 401(k) plans in Arizona, assets vs. participants
- Bechtel Trust & Thrift Plan $5.7B · 7,448
- Republic Services, Inc. 401(k) Plan $2.4B · 28,131
- Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.3B · 13,105
- Stantec 401(k) Plan $2.0B · 10,719
- Reliance, Inc. Master 401(k) Plan $1.5B · 10,729
Scale composition for Banner Health Employees 401(k) Plan
Banner Health Employees 401(k) Plan reports $4.3B in end-of-year assets across 52,452 participants (0.037% of the $11.6T held by all Form 5500 filers in the national rollup , and 0.058% of 89,805,449 covered participants) - about $81,425 per participant (59% of the national average assets-per-participant) . Net income for plan year 2023 was $704M.
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 | Open filing |
| 2023 | 52,452 | $4.3B | This page |
| 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)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Banner Health Employees 401(k) Plan by total assets, not by location.
- Dominion Energy Salaried Savings Plan (VA) $4.3B · 13,734
- Upmc 401(a) Retirement Savings Plan (PA) $4.3B · 97,084
- Macys Inc 401(k) Retirement Investment Plan (OH) $4.3B · 120,254
- The Savings and Investment Plan (NY) $4.3B · 20,919
Frequently Asked Questions
How did Banner Health Employees 401(k) Plan assets move in 2023? ▼
How have Banner Health plan assets changed over time? ▼
Where does Banner Health Employees 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Banner Health Employees 401(k) Plan? ▼
Next read for Banner Health Employees 401(k) Plan
Filing takeaways
Ways to act on Banner Health Employees 401(k) Plan's numbers.
- By total assets, Banner Health Employees 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Arizona. Compare plans
- Banner Health's sponsor-wide assets have grown 35.8% since 2022 across 3 plan years on file. More Healthcare & Social Assistance plans