Plan Snapshot
- Plan Sponsor: Banner Health
- Sponsor EIN: 450233470
- Sponsor Address: 2901 N CENTRAL AVE, PHOENIX, AZ, 85012
- Plan Type: 403(b)
- Plan Number: 044
- Total Participants: 11,429
- Total Assets: $172.5M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,429 | $172.5M | $0 | $2.7M |
| 2023 | 11,316 | $163.5M | $122 | $2.4M |
| 2022 | 11,018 | $146.0M | $0 | $2.2M |
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 INST. OPS. CO. | Recordkeeper | $171,182 | — | $171,182 |
| BANNER HEALTH | Other Service Provider | $130,000 | — | $130,000 |
| STRATEGIC ADVISORS, INC. | Investment Advisor | $40,821 | — | $40,821 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INST. OPS. CO. — Recordkeeper
- STRATEGIC ADVISORS, INC. — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $342,003
- Estimated Expense Ratio: 0.198% 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 | $342,003 | $40,821 | — | — | — |
| 2023 | $307,538 | $43,856 | — | — | — |
| 2022 | $361,631 | $43,091 | — | — | — |