Defined Benefit (Pension) · DOL Form 5500 · 2023

Sun Life Financial U.S. Services Company, Inc. Pension Plan

Data updated 2026-08-11

$271M
Total assets
319
Participants
96th
Percentile by assets
$848,412
Avg per participant
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Official DOL plan name: Retirement Income Plan · Sponsored by Sun Life Financial U.S. Services Company, Inc. · Massachusetts · Finance & Insurance

$271M in assets, 319 participants

Sun Life Financial U.S. Services Company, Inc.'s Retirement Income Plan reported $271M in total assets and 319 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • 96th percentile by assets (of 127,072 plans)
  • #8,260 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Retirement Income Plan covers 319 participants in Massachusetts, about 48% of the average Massachusetts filer (state average ~659 per filing). Assets: $271M.

$271M
total plan assets (2023 EOY)
319
covered participants
96th
percentile by assets (of 127,072 plans)
$848,412
avg assets per participant

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Retirement Income Plan sits by total assets

Retirement Income Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$270,643,436 Top 4% higher than 96% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Retirement Income Plan reported net income rose from -$84M in the plan year 2022 filing to -$3M in the plan year 2023 filing.
  • Retirement Income Plan reported participants fell from 346 in the plan year 2022 filing to 319 in the plan year 2023 filing.
  • Retirement Income Plan end-of-year assets fell from $274M in the plan year 2022 filing to $271M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
Massachusetts
Industry
Finance & Insurance

Participants vs Massachusetts filers

In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Retirement Income Plan reports 319 participants - about 48% of that state average ($271M EOY assets).

Massachusetts filing particulars

Total Assets (Beginning of Year)$274M
Net Assets (End of Year)$271M
Net Income-$3M
Employer EIN263730703
Plan Effective Date1975-12-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Sun Life Financial U.S. Services Company, Inc.)

$1.4B$1.6B$1.8B$2B$2.2B 202220232024 $1.54B $2.03B ▲ +31.8%
Total plan assets by year, all Sun Life Financial U.S. Services Company, Inc. plans on file
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.

Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000 -5051015 Total assets ($B) Participants Retirement Income Plan, Total assets ($B): 0.270643436 · Participants: 319Retirement Income PlanConsolidated Cash Ba…, Total assets ($B): 10.325856564 · Participants: 58745Consolidated Cash Ba…New England Teamster…, Total assets ($B): 9.092299586 · Participants: 21786New England Teamster…Liberty Mutual Retir…, Total assets ($B): 6.892259637 · Participants: 37145Liberty Mutual Retir…Massachusetts Instit…, Total assets ($B): 5.381626447 · Participants: 11888Massachusetts Instit…N. Atlantic States C…, Total assets ($B): 4.973349354 · Participants: 17166N. Atlantic States C…
Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
Compare Retirement Income Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Retirement Income Plan by total assets, not by location.

Frequently Asked Questions

How did Retirement Income Plan assets move in 2023? ▼
Retirement Income Plan edged down modestly - down 1.3% during 2023, from $274M to $271M. Reported net income was -$3M.
How have Sun Life Financial U.S. Services Company, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Sun Life Financial U.S. Services Company, Inc.'s sponsor-wide assets grew 31.8%, from $1.5B to $2.0B.
Where does Retirement Income Plan rank by assets among Form 5500 filers? ▼
Retirement Income Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Retirement Income Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Fbl Financial Group Retirement Plan in IA ($270M, 572 participants).

Next read for Retirement Income Plan

Filing takeaways

Ways to act on Retirement Income Plan's numbers.

  • By total assets, Retirement Income Plan ranks in the top 5% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) 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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 263730703.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.