Plan Snapshot
- Plan Sponsor: Banner Health
- Sponsor EIN: 450233470
- Sponsor Address: 2901 N CENTRAL AVE, PHOENIX, AZ, 85012
- Plan Type: 401(k)
- Total Participants: 56,849
- Total Assets: $4.9B
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 | 56,849 | $4.9B | $124.6M | $294.6M |
| 2023 | 54,731 | $4.3B | $119.5M | $278.3M |
| 2022 | 52,452 | $3.6B | $106.8M | $251.7M |
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 |
|---|---|---|---|---|
| BAKER TILLY US, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $3,967,263 | $1,669,654 | — | — | — |
| 2023 | $4,062,254 | $1,698,382 | — | — | — |
| 2022 | $4,210,718 | $1,531,810 | — | — | — |