401(k) · DOL Form 5500 · 2022
Sun Life Financial U.S. Services Company, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.3B
- Total assets
- 3,547
- Participants
- 99th
- Percentile by assets
- $357,290
- Avg per participant
Official DOL plan name: Sun Advantage Savings and Investment Plan · Sponsored by Sun Life Financial U.S. Services Company, Inc. · Massachusetts · Finance & Insurance
$1.3B in assets, 3,547 participants
Sun Life Financial U.S. Services Company, Inc.'s Sun Advantage Savings and Investment Plan reported $1.3B in total assets and 3,547 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #9,100 in Finance & Insurance (9,261 peers)
Coverage in Massachusetts
Sun Advantage Savings and Investment Plan covers 3,547 participants in Massachusetts, 5.4x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.3B.
- $1.3B
- total plan assets (2022 EOY)
- 3,547
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $357,290
- avg assets per participant
The plan reported a net loss of $233M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Sun Advantage Savings and Investment Plan reports 3,547 participants - 5.4x that state average ($1.3B EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.3B |
| Net Income | -$233M |
| Employer EIN | 263730703 |
| Plan Effective Date | 1986-04-01 |
| 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 401(k) Plans in Massachusetts
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Sun Advantage Savings and Investment Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
- Fidelity Retirement Savings Plan $23.0B · 52,036
- Liberty Mutual 401(k) Plan $8.8B · 32,843
- Massachusetts Institute of Technology Supplemental 401(k) Plan $5.8B · 13,690
- Philips North America 401(k) Plan $5.2B · 19,750
- Boston Scientific Corporation 401(k) Retirement Savings Plan $4.9B · 18,359
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Sun Advantage Savings and Investment Plan by total assets, not by location.
- The Lubrizol Corporation Employees' Profit Sharing and Savings Plan (OH) $1.3B · 4,387
- Swiss Re Group U.S. Employees' Savings Plan (NY) $1.3B · 2,493
- Global Medical Response, Inc. 401(k) Plan (CO) $1.3B · 34,386
- Teamhealth 401(k) Plan (TN) $1.3B · 16,899
Frequently Asked Questions
How did Sun Advantage Savings and Investment Plan assets move in 2022? ▼
How have Sun Life Financial U.S. Services Company, Inc. plan assets changed over time? ▼
Where does Sun Advantage Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Sun Advantage Savings and Investment Plan? ▼
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Filing takeaways
Ways to act on Sun Advantage Savings and Investment Plan's numbers.
- By total assets, Sun Advantage Savings and Investment Plan ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Massachusetts. Compare plans
- Sun Life Financial U.S. Services Company, Inc.'s sponsor-wide assets have grown 31.8% since 2022 across 3 plan years on file. More Finance & Insurance plans