401(k) · DOL Form 5500 · 2024

Banner Health 401(k) Plan

Data updated 2026-07-24

$4.9B
Total assets: 54,731
Participants: 100th
Percentile by assets: $89,868
Avg per participant

Official DOL plan name: Banner Health Employees 401(k) Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance

$4.9B in assets, 54,731 participants

Banner Health's Banner Health Employees 401(k) Plan reported $4.9B in total assets and 54,731 participants in its 2024 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 116,472 plans)

Coverage in Arizona

Banner Health Employees 401(k) Plan covers 54,731 participants in Arizona, 95x the typical Arizona plan (state average ~577 per filing). Assets: $4.9B.

$4.9B
total plan assets (2024 EOY): 54,731
covered participants: 100th
percentile by assets (of 116,472 plans): $89,868
avg assets per participant

Banner Health Employees 401(k) Plan end-of-year assets rose from $4.3B in the plan year 2023 filing to $4.9B in the plan year 2024 filing.
Banner Health Employees 401(k) Plan reported net income fell from $704M in the plan year 2023 filing to $648M in the plan year 2024 filing.
Banner Health Employees 401(k) Plan reported participants rose from 52,452 in the plan year 2023 filing to 54,731 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Arizona

Industry

Healthcare & Social Assistance

Participants vs Arizona filers

In Arizona, the average filing covers about 577 participants across 2,182 plans. Banner Health Employees 401(k) Plan reports 54,731 participants - 95x that state average ($4.9B EOY assets).

Arizona filing particulars

Total Assets (Beginning of Year)	$4.3B
Net Assets (End of Year)	$4.9B
Net Income	$648M
Employer EIN	450233470
Plan Effective Date	1974-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Banner Health)

Total plan assets by year, all Banner Health plans on file

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 $6.1B · 7,971
Freeport-Mcmoran Inc. Employee Capital Accumulation Program $2.7B · 13,770
Republic Services, Inc. 401(k) Plan $2.7B · 32,629
Stantec 401(k) Plan $2.3B · 11,603
Asml US Employees' Savings and Retirement Plan $1.8B · 8,351

Compare Banner Health Employees 401(k) Plan side-by-side with 3 peers →

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.

Hsbc - North America (U. S.) Tax Reduction Investment Plan (IL) $4.9B · 6,684
Upmc 401(a) Retirement Savings Plan (PA) $4.9B · 98,482
Starbucks Corporation 401(k) Plan (WA) $4.9B · 231,064
T. Rowe Price U.S. Retirement Program (MD) $4.9B · 6,639

Frequently Asked Questions

How did Banner Health Employees 401(k) Plan assets move in 2024? ▼

Banner Health Employees 401(k) Plan grew sharply - up 15.2% during 2024, from $4.3B to $4.9B. Reported net income was $648M.

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 Banner Health Employees 401(k) Plan rank by assets among Form 5500 filers? ▼

Banner Health Employees 401(k) Plan ranks in the 100th percentile by end-of-year assets among 116,472 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Banner Health Employees 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Hsbc - North America (U. S.) Tax Reduction Investment Plan in IL ($4.9B, 6,684 participants).

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.