Other · DOL Form 5500 · 2023
Banner Health Retirement Plan
Data updated 2026-08-25
- $164M
- Total assets Near avg plan size
- 11,018
- Participants Very large workforce
- 94th
- Percentile by assets National rank
- $14,839
- Avg per participant Low balance/head
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.
- #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.
- #16,740
- in Healthcare & Social Assistance (17,684 peers)
- +12.0%
- assets growth YoY
- 1.6×
- vs typical plan assets (national mean)
Banner Health Employees 403(b) Plan's outsized position by total assets
Banner Health Employees 403(b) Plan vs every filed plan by assets
End-of-year total assets · plan year 2023 · DOL Form 5500
$163,501,548 Top 6% higher than 94% of 127,068 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023
Banner Health Employees 403(b) Plan's mega-plan peer group by participant headcount
Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banner Health Employees 403(b) Plan is a mega filing (11,018 participants), the rightmost band on the breakdown.
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.
Form 5500 schedule snapshot
Filing strip 450233470 · Banner Health PY 2023 · Other
Banner Health Employees 403(b) Plan · $164M · 11,018 · 94th
- PART $164M
- PART 11,018
- PART 94th
- PART Other
- PART near Muhlenberg College Defined Contribution Plan
- PART ind #16740
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 403(b) Plan in the asset neighbourhood
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)
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 Other Plans in Arizona
Peer Other plans, same state, same plan type, ranked by total assets.
- 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)
Banner Health Employees 403(b) Plan's out-of-state Other peers by assets and headcount
Outside Arizona, the nearest Other by assets is Muhlenberg College Defined Contribution Plan in PA ($163M); by covered participants it is Bj's Restaurants, Inc. 401(k) Plan in CA (11,025 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($164M here).
Similar participant headcount
Nearest other-state filings by covered participants (11,018 participants); asset peers above are excluded.
- Bj's Restaurants, Inc. 401(k) Plan (CA) 11,025 · 7 off
- Dartmouth Health 403(b) Plan (NH) 10,995 · 23 off
- Cedars-Sinai Health System 403b Retirement Plan (CA) 10,989 · 29 off
- Baptist Health 403(b) Plan (AR) 10,987 · 31 off
DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.