Other · DOL Form 5500 · 2024
Banner Health Retirement Plan
Data updated 2026-08-25
- $173M
- Total assets Near avg plan size
- 11,316
- Participants Very large workforce
- 94th
- Percentile by assets National rank
- $15,245
- Avg per participant Low balance/head
Official DOL plan name: Banner Health Employees 403(b) Plan · Sponsored by Banner Health · Arizona · Healthcare & Social Assistance
$173M in assets, 11,316 participants
Banner Health's Banner Health Employees 403(b) Plan reported $173M in total assets and 11,316 participants in its 2024 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.
- #15,963 in Healthcare & Social Assistance (16,916 peers)
Coverage in Arizona
Banner Health Employees 403(b) Plan covers 11,316 participants in Arizona, 20x the typical Arizona plan (state average ~564 per filing). Assets: $173M.
- #15,963
- in Healthcare & Social Assistance (16,916 peers)
- +5.5%
- assets growth YoY
- 1.7×
- 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 2024 · DOL Form 5500
$172,513,637 Top 6% higher than 94% 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 403(b) 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 403(b) Plan is a mega filing (11,316 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Banner Health Employees 403(b) Plan reported net income fell from $18M in the plan year 2023 filing to $9M in the plan year 2024 filing.
- Banner Health Employees 403(b) Plan end-of-year assets rose from $164M in the plan year 2023 filing to $173M in the plan year 2024 filing.
- Banner Health Employees 403(b) Plan reported participants rose from 11,018 in the plan year 2023 filing to 11,316 in the plan year 2024 filing.
Published 5500 schedule card
Filing strip 450233470 · Banner Health PY 2024 · Other
Banner Health Employees 403(b) Plan · $173M · 11,316 · 94th
- BOY $173M
- BOY 11,316
- BOY 94th
- BOY Other
- BOY near University of Indianapolis Defined Contribution Retirement Plan
- BOY ind #15963
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) | $164M |
|---|---|
| Net Assets (End of Year) | $173M |
| Net Income | $9M |
| 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 $1.2B · 14,781
- Operating Engineers Local 428 Annuity Trust Fund $313M · 7,789
- El Rio Santa Cruz Neighborhood Health Center, Inc. Retirement Plan $180M · 1,976
- Kingman Healthcare, Inc. 403(b) Retirement Plan $114M · 1,897
- Summit Healthcare Regional Medical Center Performance Based Flexible Contribution Retirement Plan $56M · 1,276
Scale composition for Banner Health Employees 403(b) Plan
Banner Health Employees 403(b) Plan reports $173M in end-of-year assets across 11,316 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 $15,245 per participant (11% of the national average assets-per-participant) . Net income for plan year 2024 was $9M.
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 | Open filing |
| 2024 · index core | 11,316 | $173M | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Banner Health Employees 401(k) Plan (401(k), $4.9B, 54,731 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 University of Indianapolis Defined Contribution Retirement Plan in IN ($172M); by covered participants it is Drexel University Defined Contribution Retirement Plan in PA (11,317 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($173M here).
- University of Indianapolis Defined Contribution Retirement Plan (IN) $172M · 1,515
- Law School Admission Council Defined Contribution Retirement Plan (PA) $172M · 439
- New Liberty Hospital Corporation Retirement Income Plan (MO) $171M · 463
- Retirement Plan for Employees of Pikeville Medical Center, Inc. (KY) $174M · 2,798
Similar participant headcount
Nearest other-state filings by covered participants (11,316 participants); asset peers above are excluded.
- Drexel University Defined Contribution Retirement Plan (PA) 11,317 · 1 off
- Boston Medical Center 403(b) Retirement Plan (MA) 11,386 · 70 off
- Florida Health Sciences Center 403(b) Savings Plan (FL) 11,201 · 115 off
- 403(b) Retirement Savings Plan for Integris Health, Inc. (OK) 11,191 · 125 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.