Defined Benefit (Pension) · DOL Form 5500 · 2024
Sun Life Financial U.S. Services Company, Inc. Pension Plan
Data updated 2026-08-06
- $253M
- Total assets
- 310
- Participants
- 95th
- Percentile by assets
- $814,734
- Avg per participant
Official DOL plan name: Retirement Income Plan · Sponsored by Sun Life Financial U.S. Services Company, Inc. · Massachusetts · Finance & Insurance
$253M in assets, 310 participants
Sun Life Financial U.S. Services Company, Inc.'s Retirement Income Plan reported $253M in total assets and 310 participants in its 2024 DOL Form 5500 filing, ranking in the 95th 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.
- 95th percentile by assets (of 116,472 plans)
Coverage in Massachusetts
Retirement Income Plan covers 310 participants in Massachusetts, about 48% of the average Massachusetts filer (state average ~641 per filing). Assets: $253M.
- $253M
- total plan assets (2024 EOY)
- 310
- covered participants
- 95th
- percentile by assets (of 116,472 plans)
- $814,734
- avg assets per participant
The plan reported a net loss of $18M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Retirement Income Plan reported net income fell from -$3M in the plan year 2023 filing to -$18M in the plan year 2024 filing.
- Retirement Income Plan end-of-year assets fell from $271M in the plan year 2023 filing to $253M in the plan year 2024 filing.
- Retirement Income Plan reported participants fell from 319 in the plan year 2023 filing to 310 in the plan year 2024 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 641 participants across 3,941 plans. Retirement Income Plan reports 310 participants - about 48% of that state average ($253M EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $271M |
|---|---|
| Net Assets (End of Year) | $252M |
| Net Income | -$18M |
| 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.
Retirement Income Plan vs. nearby Defined Benefit (Pension) plans in Massachusetts, assets vs. participants
- Liberty Mutual Retirement Benefit Plan $6.3B · 34,910
- Massachusetts Institute of Technology Basic Retirement Plan $5.9B · 12,533
- N. Atlantic States Carp. Pension Fund $5.1B · 16,946
- N. Atlantic States Carp. Guaranteed Annuity Fund $3.8B · 10,943
- Massachusetts Laborers' Pension Fund $2.5B · 10,203
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.
- Tdk U. S. a. Corporation Retirement Plan (NY) $253M · 422
- IBEW Local No. 117 Pension Fund (IL) $253M · 470
- Local 553 Pension Fund (NY) $253M · 324
- Pension Plan for Office Employees of the International Brotherhood of Electrical Workers (DC) $252M · 279
Frequently Asked Questions
How did Retirement Income Plan assets move in 2024? ▼
How have Sun Life Financial U.S. Services Company, Inc. plan assets changed over time? ▼
Where does Retirement Income Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Retirement Income Plan? ▼
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 2024.
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.