Plan Ledger DOL Form 5500 · updated monthly

Banner Healthbenefits

Banner Health Master Health and Welfare Plan · PHOENIX, AZ · plan year 2025

Broker compensation reported · 2025
$5,806,128

Banner Health's benefits plans covered 52,002 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance brokers and agents were paid $5,806,128 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That is $112 per covered person, below the median for employer plans that report broker pay. Broker pay rose 23% from $4,734,000 in 2024.

Insurance contracts · 20256
VISION SERVICE PLAN · visionpremiums n/a · 36,752 covered
METROPOLITAN GENERAL INSURANCE COMPANYpremiums n/a · 10,112 covered
CIGNA HEALTH AND LIFE INSURANCE COMPANY AND AFFILIATES · dental hmopremiums n/a · 14,151 covered
RELIANCE STANDARD LIFE INSURANCE COMPANY · ltdpremiums n/a · 45,911 covered
MINNESOTA LIFE INSURANCE COMPANY · lifepremiums n/a · 53,829 covered
AETNA LIFE INSURANCE COMPANYpremiums n/a · 56,156 covered
Brokers & agents paid · 20252
BCINSOURCING LLC$2,320,070
LOCKTON COMPANIES, LLC$3,486,058 · incl $785,466 fees
Also brokered by Bcinsourcing LLC5

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Source: DOL Form 5500 Schedule A, plan year 2025, EIN 450233470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor.