Plan Snapshot
- Plan Sponsor: Banner Corporation
- Sponsor EIN: 911691604
- Sponsor Address: P. O. BOX 907, WALLA WALLA, WA, 99362
- Plan Type: 401(k)
- Total Participants: 1,957
- Total Assets: $258.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,957 | $258.6M | $6.9M | $15.5M |
| 2023 | 1,915 | $229.3M | $7.0M | $15.6M |
| 2022 | 1,921 | $193.9M | $6.6M | $14.8M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $214,673 | — | $214,673 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $46,383 | — | $46,383 |
| CLARK NUBER P.S. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $261,056
- Estimated Expense Ratio: 0.101% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $261,056 | $46,383 | — | — | — |
| 2023 | $214,806 | $30,261 | — | — | — |
| 2022 | $218,740 | $20,580 | — | — | — |