401(k) · DOL Form 5500 · 2023
Sun Life Financial U.S. Services Company, Inc. 401(k) Plan
Data updated 2026-08-06
- $1.5B
- Total assets
- 3,900
- Participants
- 99th
- Percentile by assets
- $395,763
- 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
$1.5B in assets, 3,900 participants
Sun Life Financial U.S. Services Company, Inc.'s Sun Advantage Savings and Investment Plan reported $1.5B in total assets and 3,900 participants in its 2023 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 126,618 plans)
- #8,697 in Finance & Insurance (8,852 peers)
Coverage in Massachusetts
Sun Advantage Savings and Investment Plan covers 3,900 participants in Massachusetts, 6.1x the typical Massachusetts plan (state average ~641 per filing). Assets: $1.5B.
- $1.5B
- total plan assets (2023 EOY)
- 3,900
- covered participants
- 99th
- percentile by assets (of 126,618 plans)
- $395,763
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Sun Advantage Savings and Investment Plan reported net income rose from -$233M in the plan year 2022 filing to $276M in the plan year 2023 filing.
- Sun Advantage Savings and Investment Plan end-of-year assets rose from $1.3B in the plan year 2022 filing to $1.5B in the plan year 2023 filing.
- Sun Advantage Savings and Investment Plan reported participants rose from 3,547 in the plan year 2022 filing to 3,900 in the plan year 2023 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 641 participants across 3,941 plans. Sun Advantage Savings and Investment Plan reports 3,900 participants - 6.1x that state average ($1.5B EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $1.3B |
|---|---|
| Net Assets (End of Year) | $1.5B |
| Net Income | $276M |
| 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 $28.6B · 62,289
- Liberty Mutual 401(k) Plan $10.6B · 37,052
- Massachusetts Institute of Technology Supplemental 401(k) Plan $6.8B · 14,094
- Boston Scientific Corporation 401(k) Retirement Savings Plan $5.8B · 19,881
- Philips North America 401(k) Plan $5.8B · 19,120
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.
- Wec Energy Group Retirement Savings Plan (WI) $1.5B · 3,386
- Southern Glazer's 401(k) Plan (FL) $1.5B · 17,430
- Reliance, Inc. Master 401(k) Plan (AZ) $1.5B · 10,729
- Advanced Drainage Systems, Inc. Retirement and Stock Ownership Plan (OH) $1.5B · 5,000
Frequently Asked Questions
How did Sun Advantage Savings and Investment Plan assets move in 2023? ▼
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