Sun Health Corporation Pension Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Banner Health · Arizona · Healthcare & Social Assistance
What the 2023 filing shows
Sun Health Corporation Pension Plan holds $34M for 384 participants — about $89,643 per participant, down 42.0% over the 2023 plan year.
- $34M
- total plan assets (2023 EOY)
- 384
- covered participants
- $89,643
- avg assets per participant
- -42.0%
- assets change YoY
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.
What the Filing Says About Sun Health Corporation Pension Plan
Sun Health Corporation Pension Plan is a Defined Benefit (Pension) retirement plan sponsored by Banner Health, headquartered in Arizona. As of the 2023 Form 5500 filing, the plan reports $34M in total end-of-year assets and covers 384 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 450233470, and the plan has been effective since 1970-07-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $59M at the beginning of 2023 to $34M at year-end — a decline of 42.0%. Net assets (after liabilities) closed the year at $34M, with reported net income of $-24,915,856 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $59M |
| Total Assets (End of Year) | $34M |
| Net Assets (End of Year) | $34M |
| Net Income | $-24,915,856 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 450233470 |
| Plan Effective Date | 1970-07-01 |
| 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 Defined Benefit (Pension) Plans in Arizona
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- Pinnacle West Capital Corporation Retirement Plan $3.3B · 5,824
- Salt River Project Employees' Retirement Plan $2.8B · 4,790
- Freeport Minerals Corporation Retirement Plan $1.4B · 2,597
- Avnet Pension Plan $501M · 2,483
- Liberty Utilities Defined Benefit Pension Plan $393M · 618
Related Data
Guides
Frequently Asked Questions
How much money is in the Sun Health Corporation Pension Plan? ▼
What type of plan is Sun Health Corporation Pension Plan? ▼
Who sponsors the Sun Health Corporation Pension Plan? ▼
How did Sun Health Corporation Pension Plan perform in 2023? ▼
Where can I find official filings for Sun Health Corporation Pension Plan? ▼
How does Sun Health Corporation Pension Plan compare to other plans? ▼
Explore PlainRetire
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.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.