401(k) · DOL Form 5500 · 2024
Banner Health 401(k) Plan
Data updated 2026-08-25
- $4.9B
- Total assets Very large vs avg
- 54,731
- Participants Very large workforce
- 100th
- Percentile by assets National rank
- $89,868
- Avg per participant Below avg balance/head
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.
- #16,884 in Healthcare & Social Assistance (16,916 peers)
Coverage in Arizona
Banner Health Employees 401(k) Plan covers 54,731 participants in Arizona, 97x the typical Arizona plan (state average ~564 per filing). Assets: $4.9B.
- #16,884
- in Healthcare & Social Assistance (16,916 peers)
- +15.2%
- assets growth YoY
- 49×
- vs typical plan assets (national mean)
Banner Health Employees 401(k) Plan's outsized position by total assets
Banner Health Employees 401(k) Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$4,918,574,883 Highest reported value at or above every one of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Banner Health Employees 401(k) Plan's mega-plan peer group by participant headcount
Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Banner Health Employees 401(k) Plan is a mega filing (54,731 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
Published 5500 schedule card
Filing strip 450233470 · Banner Health PY 2024 · 401(k)
Banner Health Employees 401(k) Plan · $4.9B · 54,731 · 100th
- EBSA $4.9B
- PART 54,731
- TYPE 100th
- NET 401(k)
- BOOK near Hsbc - North America (U. S.) Tax Reduction Investment Plan
- VS-ST ind #16884
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 401(k) Plan in the asset neighbourhood
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)
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 401(k) Plans in Arizona
Peer 401(k) plans, same state, same plan type, ranked by total assets.
- 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
Scale composition for Banner Health Employees 401(k) Plan
Banner Health Employees 401(k) Plan reports $4.9B in end-of-year assets across 54,731 participants (0.040% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.058% of 93,925,755 covered participants) - about $89,868 per participant (65% of the national average assets-per-participant) . Net income for plan year 2024 was $648M.
This plan identity (EIN 450233470, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.6B to $4.9B (+37.9%) while covered participants moved from 50,602 to 54,731 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 50,602 | $3.6B | Open filing |
| 2023 | 52,452 | $4.3B | Open filing |
| 2024 · index core | 54,731 | $4.9B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Banner Health Employees 403(b) Plan (Other, $173M, 11,316 participants)
Banner Health Employees 401(k) Plan's out-of-state 401(k) peers by assets and headcount
Outside Arizona, the nearest 401(k) by assets is Hsbc - North America (U. S.) Tax Reduction Investment Plan in IL ($4.9B); by covered participants it is The PNC Financial Services Group, Inc. Incentive Savings Plan in PA (54,604 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($4.9B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (54,731 participants); asset peers above are excluded.
- The PNC Financial Services Group, Inc. Incentive Savings Plan (PA) 54,604 · 127 off
- Intel 401(k) Savings Plan (CA) 55,298 · 567 off
- The Hy-Vee and Affiliates 401(k) Plan (IA) 55,411 · 680 off
- Morgan Stanley 401(k) Plan (NY) 53,860 · 871 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.