Plan Snapshot
- Plan Sponsor: Banner Health
- Sponsor EIN: 450233470
- Sponsor Address: 2901 N CENTRAL AVE, PHOENIX, AZ, 85012
- Plan Type: DB
- Total Participants: 302
- Total Assets: $32.8M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 302 | $32.8M | $100,000 | $0 |
| 2023 | 339 | $34.4M | $2.0M | $0 |
| 2022 | 384 | $59.3M | $2.0M | $0 |
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 INV INST OPS CO | Recordkeeper | $368,563 | — | $368,563 |
| FAEGRE DRINKER BIDDLE & REATH LLP | ERISA Attorney | $93,170 | — | $93,170 |
| NORTHERN TRUST COMPANY | Other Service Provider | $35,592 | — | $35,592 |
| WELLS CAPITIAL MANAGEMENT | Other Service Provider | $21,983 | — | $21,983 |
| MOSS ADAM | Recordkeeper | $20,000 | — | $20,000 |
| LEGAL & GENERAL INVESTMENT | Other Service Provider | $18,815 | — | $18,815 |
| WELLINGTON TRUST COMPANY | Other Service Provider | $12,775 | — | $12,775 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INV INST OPS CO — Recordkeeper
- FAEGRE DRINKER BIDDLE & REATH LLP — ERISA Attorney
- MOSS ADAM — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $570,898
- Estimated Expense Ratio: 1.741% 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 | $1,117,612 | $56,359 | $4,383 | — | — |
| 2023 | $1,332,393 | $125,259 | $7,062 | — | — |
| 2022 | $1,305,676 | $90,836 | — | — | $22,504 |