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Benchmarking Banner Health Employees 401(K) Plan in Phoenix, AZ against
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Banner Health Employees 401(K) Plan in Phoenix, AZ has the 9th-most active participants (52,452) of the 44 plans whose industry group is Hospitals. Those 52,452 compare to an average of 40,856 across the 44 plans.
- whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- active participants. Total number of active participants at the end of the plan year, Line 6a(2) in Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Banner Health Employees 401(K) Plan in Phoenix, AZ is in Arizona, its EIN is 450233470, its industry group is Hospitals, its plan administrator is Mike Oconnor, is a profit-sharing plan, covered by a fidelity bond, in the nationwide top 250 in total assets, is a single-employer plan, its business code is 622000, has 25,000 or more total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, corrective distributions, yield on beginning-of-plan-year total assets, and diversity of asset types (6 total), is worse than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant, and is higher than the overall administrative medians in each of investment advisory and management fees, other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets at beginning of plan year ($4,214,388,161)
- total assets ($3,566,847,679)
- net assets (assets minus liabilities) ($3.567B)
- value of interest in common/collective trusts ($3,043,013,391)
- total contributions ($384,326,542)
- total expenses ($342,051,604)
- value of interest in registered investment companies (e.g., mutual funds) ($299.20M)
- cash contributions from participants ($251,664,283)
- other general investments ($185,515,809)
- cash contributions from employers ($106,839,115)
- participant loans ($39,163,433)
- total administrative expenses ($4,210,718)
- other administrative expenses ($2,678,908)
- investment advisory and management fees ($1,531,810)
- average account balance ($51,469)
- corrective distributions ($19,238)
- average employer+participant cash contribution per active participant ($6,835)
- average participant cash contribution per active participant ($4,798)
- average employer cash contribution per active participant ($2,037)
- total administrative expense per participant ($60.76)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- contract administrator fees ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- net income per total participant (-$9,344)
- total income (-$305,488,878)
- net income (-$647,540,482)
- earnings on investments (-$687,473,295)
- net earnings on investments (-$689,005,105)
- percentage of active participants (75.7%)
- diversity of asset types (17.2%)
- participant loans as a percentage of plan assets (1.10%)
- total administrative expense ratio (0.120%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- growth in total assets during the plan year (-15.4%)
- yield on beginning-of-plan-year total assets (-16.35%)
- active participants (52,452)
- deceased participants whose beneficiaries receive or are entitled to benefits (148)
- living participants (69,153)
- other retired or separated participants entitled to future benefits (16,337)
- retired or separated participants receiving benefits (364)
- total participants (69,301)
Global References