Other · DOL Form 5500 · 2023
Banner Health Retirement Plan
Data updated 2026-08-11
- $164M
- Total assets
- 11,018
- Participants
- 94th
- Percentile by assets
- $14,839
- Avg per participant
Official DOL plan name: Banner Health Employees 403(b) Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance
$164M in assets, 11,018 participants
Banner Health's Banner Health Employees 403(b) Plan reported $164M in total assets and 11,018 participants in its 2023 DOL Form 5500 filing, ranking in the 94th 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.
- 94th percentile by assets (of 127,072 plans)
- #16,740 in Healthcare & Social Assistance (17,684 peers)
Coverage in Arizona
Banner Health Employees 403(b) Plan covers 11,018 participants in Arizona, 20x the typical Arizona plan (state average ~564 per filing). Assets: $164M.
- $164M
- total plan assets (2023 EOY)
- 11,018
- covered participants
- 94th
- percentile by assets (of 127,072 plans)
- $14,839
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Banner Health Employees 403(b) Plan reported net income rose from -$49M in the plan year 2022 filing to $18M in the plan year 2023 filing.
- Banner Health Employees 403(b) Plan end-of-year assets rose from $146M in the plan year 2022 filing to $164M in the plan year 2023 filing.
- Banner Health Employees 403(b) Plan reported participants rose from 10,133 in the plan year 2022 filing to 11,018 in the plan year 2023 filing.
Participants vs Arizona filers
In Arizona, the average filing covers about 564 participants across 2,304 plans. Banner Health Employees 403(b) Plan reports 11,018 participants - 20x that state average ($164M EOY assets).
Arizona filing particulars
| Total Assets (Beginning of Year) | $146M |
|---|---|
| Net Assets (End of Year) | $164M |
| Net Income | $18M |
| Employer EIN | 450233470 |
| Plan Effective Date | 1998-01-30 |
| 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 Other Plans in Arizona
Peer Other plans, same state, same plan type, ranked by total assets.
Banner Health Employees 403(b) Plan vs. nearby Other plans in Arizona, assets vs. participants
- Honor Health 403(b) Retirement Security Plan $1.0B · 13,597
- Operating Engineers Local 428 Annuity Trust Fund $291M · 7,670
- El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan $150M · 1,887
- Kingman Regional Medical Center Employee Retirement Plan $107M · 1,914
- Summit Healthcare Regional Medical Center Performance Based Flexible Contribution Retirement Plan $51M · 1,183
Scale composition for Banner Health Employees 403(b) Plan
Banner Health Employees 403(b) Plan reports $164M in end-of-year assets across 11,018 participants (0.001% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.012% of 93,925,755 covered participants) - about $14,839 per participant (11% of the national average assets-per-participant) . Net income for plan year 2023 was $18M.
This plan identity (EIN 450233470, plan #044) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $146M to $173M (+18.2%) while covered participants moved from 10,133 to 11,316 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,133 | $146M | Open filing |
| 2023 | 11,018 | $164M | This page |
| 2024 · index core | 11,316 | $173M | 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 Other Plans Nationally
Other plans in other states closest to Banner Health Employees 403(b) Plan by total assets, not by location.
Frequently Asked Questions
How did Banner Health Employees 403(b) Plan assets move in 2023? ▼
How have Banner Health plan assets changed over time? ▼
Where does Banner Health Employees 403(b) Plan rank by assets among Form 5500 filers? ▼
Which Other plans are similar in size to Banner Health Employees 403(b) Plan? ▼
Next read for Banner Health Employees 403(b) Plan
Filing takeaways
Ways to act on Banner Health Employees 403(b) Plan's numbers.
- By total assets, Banner Health Employees 403(b) Plan ranks in the top 10% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Other 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