401(k) · DOL Form 5500 · 2023

Sun Life Financial U.S. Services Company, Inc. 401(k) Plan

Data updated 2026-08-25

$1.5B
Total assets Very large vs avg
3,900
Participants Above avg headcount
99th
Percentile by assets National rank
$395,763
Avg per participant High balance/head
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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.

  • #8,714 in Finance & Insurance (8,869 peers)

Coverage in Massachusetts

Sun Advantage Savings and Investment Plan covers 3,900 participants in Massachusetts, 5.9x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.5B.

#8,714
in Finance & Insurance (8,869 peers)
+21.8%
assets growth YoY
15×
vs typical plan assets (national mean)

Sun Advantage Savings and Investment Plan's outsized position by total assets

Sun Advantage Savings and Investment Plan vs every filed plan by assets

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

$1,543,477,128 Top 1% higher than 99% of 127,068 filed plans

This plan $0 $2,050,000,000 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

Sun Advantage Savings and Investment Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Sun Advantage Savings and Investment Plan lands in the large band (3,900 participants).

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.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 263730703 · Sun Life Financial U.S. Services Company, Inc. PY 2023 · 401(k)

Sun Advantage Savings and Investment Plan · $1.5B · 3,900 · 99th

  • TYPE $1.5B
  • TYPE 3,900
  • TYPE 99th
  • TYPE 401(k)
  • TYPE near Wec Energy Group Retirement Savings Plan
  • TYPE ind #8714

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Finance & Insurance retirement plans → · Plans in Massachusetts →

Sun Advantage Savings and Investment Plan in the asset neighbourhood

Advanced Drainage Systems, Inc. Retirement and Stock Ownership PlanAdvanced Drainage Systems, I…$1.5BSun Advantage Savings and Investment PlanSun Advantage Savings and In…$1.5BWec Energy Group Retirement Savings PlanWec Energy Group Retirement …$1.5BSouthern Glazer's 401(k) Plan$1.5BReliance, Inc. Master 401(k) PlanReliance, Inc. Master 401(k)…$1.5B
End-of-year total assets ($B) among Sun Advantage Savings and Investment Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Massachusetts filing particulars

Total Assets (Beginning of Year)$1.3B
Net Assets (End of Year)$1.5B
Net Income$276M
Employer EIN263730703
Plan Effective Date1986-04-01
Filing StatusFILING RECEIVED

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

Sponsor-wide plan assets over time

All Sun Life Financial U.S. Services Company, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$2.0B 31.7568497527177% vs 2022
2024 filing year
$1.4B$1.6B$1.8B$2B$2.2B 202220232024 $1.54B $2.03B ▲ +31.8%
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 Scatter plot of 6 data points. 020000400006000080000 010203040 Total assets ($B) Participants Sun Advantage Savings and Investment Plan, Total assets ($B): 1.543477128 · Participants: 3900Sun Advantage Savings and Investment PlanFidelity Retirement Savings Plan, Total assets ($B): 28.649852331 · Participants: 62289Fidelity Retirement Savings PlanLiberty Mutual 401(k) Plan, Total assets ($B): 10.556596852 · Participants: 37052Liberty Mutual 401(k) PlanMassachusetts Institute of Technology Supplemental 401(k) Plan, Total assets ($B): 6.829912863 · Participants: 14094Massachusetts Institute of Technology Supplemental 401(k) PlanBoston Scientific Corporation 401(k) Retirement Savings Plan, Total assets ($B): 5.786107181 · Participants: 19881Boston Scientific Corporation 401(k) Retirement Savings PlanPhilips North America 401(k) Plan, Total assets ($B): 5.779286156 · Participants: 19120Philips North America 401(k) Plan
Sun Advantage Savings and Investment Plan vs. nearby 401(k) plans in Massachusetts, assets vs. participants
Compare Sun Advantage Savings and Investment Plan side-by-side with 3 peers →

Sun Advantage Savings and Investment Plan's out-of-state 401(k) peers by assets and headcount

Outside Massachusetts, the nearest 401(k) by assets is Wec Energy Group Retirement Savings Plan in WI ($1.5B); by covered participants it is Bojangles' Restaurants, Inc. 401(k) Plan in NC (3,900 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.5B here).

Similar participant headcount

Nearest other-state filings by covered participants (3,900 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Sun Advantage Savings and Investment Plan assets move in 2023? ▼
Sun Advantage Savings and Investment Plan grew sharply - up 21.8% during 2023, from $1.3B to $1.5B. Reported net income was $276M.
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 Sun Advantage Savings and Investment Plan rank by assets among Form 5500 filers? ▼
Sun Advantage Savings and Investment Plan ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Sun Advantage Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by assets is Wec Energy Group Retirement Savings Plan in WI ($1.5B, 3,386 participants).
Which 401(k) plans cover a similar participant headcount to Sun Advantage Savings and Investment Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bojangles' Restaurants, Inc. 401(k) Plan in NC (3,900 participants, $17M in assets).

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.