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Recordkeeping fees per participant · Banner Corporation 401(k)/profit Sharing Plan · plan year 2024
$79.19
Higher than 85% of the 1,697 plans $250M to 1B that report it.
= $214,673 / 2,711
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250827135926NAL0005018163001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827135926NAL0005018163001, received 2025-08-27
Percentiles compare this plan with the Schedule H plans $250M to 1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-08-27.
Administrative expenses excluding investment management, per participant
$79.19
Higher than 62% of the 2,324 plans $250M to 1B that report it.
= $214,673 / 2,711
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250827135926NAL0005018163001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827135926NAL0005018163001, received 2025-08-27
Administrative expenses per participant
$96.30
Higher than 56% of the 2,405 plans $250M to 1B that report it.
= $261,056 / 2,711
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827135926NAL0005018163001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827135926NAL0005018163001, received 2025-08-27
Administrative expenses as a share of assets
0.101%
Higher than 66% of the 2,407 plans $250M to 1B that report it.
= $261,056 / $258,608,980
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827135926NAL0005018163001, received 2025-08-27
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250827135926NAL0005018163001, received 2025-08-27
Employer contributions per participant
$2,558
Higher than 39% of the 2,457 plans $250M to 1B that report it.
= $6,935,324 / 2,711
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827135926NAL0005018163001, received 2025-08-27
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827135926NAL0005018163001, received 2025-08-27
Employer share of total contributions
28.1%
Higher than 40% of the 2,459 plans $250M to 1B that report it.
= $6,935,324 / $24,707,526
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827135926NAL0005018163001, received 2025-08-27
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250827135926NAL0005018163001, received 2025-08-27
Employer match
“During 2025, the Board of Directors elected to make a matching contribution of 4% of eligible compensation.”
Form 10-K filed 2026-02-25, for the year ended 2025-12-31 · benefits note, 10-K benefits note · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2A age/service-weighted · 2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · 3D IRS pre-approved plan · 2R participant brokerage window · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250827135926NAL0005018163001, received 2025-08-27
| Field | Value | Source |
|---|---|---|
| Plan sponsor | BANNER CORPORATION | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Plan name | BANNER CORPORATION 401(K)/PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Sponsor EIN / plan number | 91-1691604 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Sponsor location | WALLA WALLA, WA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Industry (business code) | 522120, Finance and insurance | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Filing received | 2025-08-27 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Participants, beginning of year | 2,858 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Active participants | 1,957 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Participants, end of year | 2,797 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Participants with an account balance | 2,711 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Total assets, beginning of year | $229,250,805 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Total assets, end of year | $258,608,980 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Net assets, end of year | $258,608,980 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Total income | $54,847,076 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Net income | $29,358,175 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Employer contributions | $6,935,324 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Participant contributions | $15,512,509 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Other contributions (incl. rollovers) | $2,259,693 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Total contributions | $24,707,526 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Benefit payments | $25,200,329 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Total expenses (incl. benefit payments) | $25,488,901 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Total administrative expenses | $261,056 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Recordkeeping fees | $214,673 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Investment advisory and management fees | $46,383 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Administrative expenses excluding investment management | $214,673 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Held in common/collective trusts | $165,362,652 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Held in mutual funds | $78,570,066 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250827135926NAL0005018163001, received 2025-08-27 |
| Independent auditor | CLARK NUBER P.S. | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250827135926NAL0005018163001, received 2025-08-27 |
Position = column in the DOL layout for form year 2024. Filing 20250827135926NAL0005018163001, received 2025-08-27.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees | $214,673 | yes |
| STRATEGIC ADVISORS, INC. | ADVISOR | 27 Investment advisory (plan) | $46,383 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250827135926NAL0005018163001, received 2025-08-27.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $229,250,805 | $258,608,980 | 12.8% |
| Participants with a balance | 2,779 | 2,711 | -2.4% |
| Administrative expenses | $214,806 | $261,056 | 21.5% |
| Recordkeeping fees per participant | $66.41 | $79.19 | 19.2% |
| Employer contributions | $6,967,264 | $6,935,324 | -0.5% |
Prior filing 20240821121836NAL0003930193001, received 2024-08-21; the plan years are contiguous.
Sponsor name as filed: BANNER CORPORATION; SEC registrant: BANNER CORP (CIK 946673, matched by EIN; display name from the Form 10-K cover).