Defined Benefit (Pension) · DOL Form 5500 · 2024

Banner Health Pension Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
339
Participants Below avg headcount
79th
Percentile by assets National rank
$96,709
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

$33M in assets, 339 participants

Banner Health's Sun Health Corporation Pension Plan reported $33M in total assets and 339 participants in its 2024 DOL Form 5500 filing, ranking in the 79th 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.

  • #13,847 in Healthcare & Social Assistance (16,916 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, $33M for 339 participants (~$96,709/participant), down 4.8% in 2024.

#13,847
in Healthcare & Social Assistance (16,916 peers)
-4.8%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $2M 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 2024 · DOL Form 5500

$32,784,240 Top 21% higher than 79% of 123,620 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 2024

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

Plan-year 2024 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 (339 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Sun Health Corporation Pension Plan reported net income rose from -$25M in the plan year 2023 filing to -$2M in the plan year 2024 filing.
  • Sun Health Corporation Pension Plan reported participants fell from 384 in the plan year 2023 filing to 339 in the plan year 2024 filing.
  • Sun Health Corporation Pension Plan end-of-year assets fell from $34M in the plan year 2023 filing to $33M in the plan year 2024 filing.

See the national 2023→2024 release diff →

DOL schedule card

Filing strip 450233470 · Banner Health PY 2024 · Defined Benefit (Pension)

Sun Health Corporation Pension Plan · $33M · 339 · 79th

  • NET $33M
  • BOOK 339
  • VS-ST 79th
  • BOY Defined Benefit (Pension)
  • SCH near Ufcw 360 Shop Rite Pension Fund
  • EBSA ind #13847

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

L3harris Keo Pension Plan$33MSun Health Corporation Pension PlanSun Health Corporation Pensi…$33MUfcw 360 Shop Rite Pension FundUfcw 360 Shop Rite Pension F…$33MSekisui Voltek, LLC Retirement PlanSekisui Voltek, LLC Retireme…$33MThe University of Pennsylvania Penn Police Association Defined Benefit Retirement PlanThe University of Pennsylvan…$33M
End-of-year total assets ($M) among Sun Health Corporation Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$34M
Net Assets (End of Year)$33M
Net Income-$2M
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. -100000100002000030000 -101234 Total assets ($B) Participants Sun Health Corporation Pension Plan, Total assets ($B): 0.03278424 · Participants: 339Sun Health Corporation Pension PlanPinnacle West Capital Corporation Retirement Plan, Total assets ($B): 3.099073138 · Participants: 6044Pinnacle West Capital Corporation Retirement PlanSalt River Project Employees' Retirement Plan, Total assets ($B): 2.908519301 · Participants: 4989Salt River Project Employees' Retirement PlanDesert States Employers & Ufcw Unions Pension Plan, Total assets ($B): 1.037847285 · Participants: 24099Desert States Employers & Ufcw Unions Pension PlanAvnet Pension Plan, Total assets ($B): 0.472409413 · Participants: 2732Avnet Pension PlanArizona Pipe Trades Pension Plan, Total assets ($B): 0.418546411 · Participants: 2281Arizona Pipe Trades 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 Ufcw 360 Shop Rite Pension Fund in PA ($33M); by covered participants it is Lvmh Affiliates' Retirement Plan, Wines & Spirits in NY (339 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (339 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Sun Health Corporation Pension Plan edged down modestly - down 4.8% during 2024, from $34M to $33M. Reported net income was -$2M.
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 79th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 Ufcw 360 Shop Rite Pension Fund in PA ($33M, 2,262 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 Lvmh Affiliates' Retirement Plan, Wines & Spirits in NY (339 participants, $131M in assets).

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.