Defined Benefit (Pension) · DOL Form 5500 · 2023

Banner Health Pension Plan

Data updated 2026-08-25

$34M
Total assets Below avg plan size
384
Participants Below avg headcount
81st
Percentile by assets National rank
$89,643
Avg per participant Below avg balance/head
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Official DOL plan name: Sun Health Corporation Pension Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance

$34M in assets, 384 participants

Banner Health's Sun Health Corporation Pension Plan reported $34M in total assets and 384 participants in its 2023 DOL Form 5500 filing, ranking in the 81st 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.

  • #14,844 in Healthcare & Social Assistance (17,684 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, $34M for 384 participants (~$89,643/participant), down 42.0% in 2023.

#14,844
in Healthcare & Social Assistance (17,684 peers)
-42.0%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $25M 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 2023 · DOL Form 5500

$34,422,727 Top 19% higher than 81% of 127,068 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 2023

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

Plan-year 2023 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 (384 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Sun Health Corporation Pension Plan end-of-year assets fell from $59M in the plan year 2022 filing to $34M in the plan year 2023 filing.
  • Sun Health Corporation Pension Plan reported net income fell from -$18M in the plan year 2022 filing to -$25M in the plan year 2023 filing.
  • Sun Health Corporation Pension Plan reported participants fell from 436 in the plan year 2022 filing to 384 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 450233470 · Banner Health PY 2023 · Defined Benefit (Pension)

Sun Health Corporation Pension Plan · $34M · 384 · 81st

  • BOOK $34M
  • BOOK 384
  • BOOK 81st
  • BOOK Defined Benefit (Pension)
  • BOOK near Abb Inc. Pension Plan of Fischer & Porter Company
  • BOOK ind #14844

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

Koroseal Interior Products Retirement Income PlanKoroseal Interior Products R…$34MCentral States Joint Board and Allied Organizations Staff Pension PlanCentral States Joint Board a…$34MSun Health Corporation Pension PlanSun Health Corporation Pensi…$34MAbb Inc. Pension Plan of Fischer & Porter CompanyAbb Inc. Pension Plan of Fis…$34MPension Plan for Officers & Professional Staff of Intl Longshore & Warehouse UnionPension Plan for Officers & …$34M
End-of-year total assets ($M) among Sun Health Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$59M
Net Assets (End of Year)$34M
Net Income-$25M
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. -50000500010000150002000025000 -101234 Total assets ($B) Participants Sun Health Corporation Pension Plan, Total assets ($B): 0.034422727 · Participants: 384Sun Health Corporation Pension PlanPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.271793253 · Participants: 5824Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.784269809 · Participants: 4790Salt River Project Employees' Retirement PlanFreeport Minerals Corporation Retirement Plan, Total assets ($B): 1.443465749 · Participants: 2597Freeport Minerals Corporation Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 1.005171309 · Participants: 19139Desert States Employers & Ufcw Unions Pension PlanAvnet Pension Plan, Total assets ($B): 0.50129138 · Participants: 2483Avnet 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 Abb Inc. Pension Plan of Fischer & Porter Company in NC ($34M); by covered participants it is The Pension Plan for Hourly Paid Employees of Diageo North America, Inc. at Its Plant at Plainfield, Il in NY (384 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (384 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Sun Health Corporation Pension Plan contracted severely - down 42.0% during 2023, from $59M to $34M. Reported net income was -$25M.
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 81st percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (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 Abb Inc. Pension Plan of Fischer & Porter Company in NC ($34M, 10 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 The Pension Plan for Hourly Paid Employees of Diageo North America, Inc. at Its Plant at Plainfield, Il in NY (384 participants, $53M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.