# Banner Health 403(b) Plan
Source: https://planprovider.pro/companies/banner-health-450233470-044

> Banner Health's 403(b) plan: 11,429 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/fidelity-investments) — Recordkeeper

- [STRATEGIC ADVISORS, INC.](https://planprovider.pro/provider/creative-planning) — 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|—|—|—|

## Similar Plans

- [Banner Health](https://planprovider.pro/companies/banner-health-plan-002) — 56,849 participants

- [Banner Health](https://planprovider.pro/companies/banner-health-450233470-501) — 50,513 participants

- [Honorhealth](https://planprovider.pro/companies/honorhealth-403b-plan) — 18,666 participants

- [Honorhealth](https://planprovider.pro/companies/honorhealth-860181654-501) — 11,109 participants

- [Phoenix Children'S Hospital](https://planprovider.pro/companies/phoenix-children-s-hospital-401k-plan) — 8,058 participants

- [Phoenix Children'S Hospital](https://planprovider.pro/companies/phoenix-children-s-hospital-860422559-501) — 7,147 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/banner-health-450233470-044)

© 2026 PlanProvider.Pro