Retirement Income Plan
ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.
Sponsored by Sun Life Financial U.S. Services Company, Inc. · Massachusetts · Finance & Insurance
What the 2023 filing shows
Retirement Income Plan holds $274M for 346 participants — about $792,157 per participant, down 23.5% over the 2022 plan year.
- $274M
- total plan assets (2022 EOY)
- 346
- covered participants
- $792,157
- avg assets per participant
- -23.5%
- assets change YoY
The plan reported a net loss of $84M for the year — a single-year figure driven by markets and benefit payments, not a measure of plan health.
What the Filing Says About Retirement Income Plan
Retirement Income Plan is a Defined Benefit (Pension) retirement plan sponsored by Sun Life Financial U.S. Services Company, Inc., headquartered in Massachusetts. As of the 2022 Form 5500 filing, the plan reports $274M in total end-of-year assets and covers 346 participants across the Finance & Insurance industry. The sponsor's EIN on file with the U.S. Department of Labor is 263730703, and the plan has been effective since 1975-12-01. Its filing status is currently FILING RECEIVED.
Year over year, total assets moved from $358M at the beginning of 2022 to $274M at year-end — a decline of 23.5%. Net assets (after liabilities) closed the year at $274M, with reported net income of $-83,696,012 driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 2 prior plan-year filings from the same sponsor shown below.
Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.
Financial Summary (2023)
| Total Assets (Beginning of Year) | $358M |
| Total Assets (End of Year) | $274M |
| Net Assets (End of Year) | $274M |
| Net Income | $-83,696,012 |
| Plan Type | Defined Benefit (Pension) |
| Employer EIN | 263730703 |
| Plan Effective Date | 1975-12-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Sun Life Financial U.S. Services Company, Inc.)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 3,893 | $1.5B |
| 2023 | 2 | 4,219 | $1.8B |
| 2024 | 2 | 6,306 | $2.0B |
Nearby Defined Benefit (Pension) Plans in Massachusetts
Peer Defined Benefit (Pension) plans — same state, same plan type — ranked by total assets.
- Consolidated Cash Balance Program of Mass General Brigham and Member Organizations $10.3B · 58,745
- Liberty Mutual Retirement Benefit Plan $6.9B · 37,145
- Massachusetts Institute of Technology Basic Retirement Plan $5.4B · 11,888
- Massmutual Pension Plan $2.6B · 14,462
- John Hancock Pension Plan $2.0B · 5,302
Related Data
Guides
Frequently Asked Questions
How much money is in the Retirement Income Plan? ▼
What type of plan is Retirement Income Plan? ▼
Who sponsors the Retirement Income Plan? ▼
How did Retirement Income Plan perform in 2022? ▼
Where can I find official filings for Retirement Income Plan? ▼
How does Retirement Income Plan compare to other plans? ▼
Explore PlainRetire
Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.
Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 263730703.
Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.
Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.
Read our methodology — how this data is sourced, computed, and verified.