401(k) · DOL Form 5500 · 2024
Sun Life Financial U.S. Services Company, Inc. 401(k) Plan
Data updated 2026-08-11
- $1.8B
- Total assets
- 5,996
- Participants
- 99th
- Percentile by assets
- $296,585
- 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
$1.8B in assets, 5,996 participants
Sun Life Financial U.S. Services Company, Inc.'s Sun Advantage Savings and Investment Plan reported $1.8B in total assets and 5,996 participants in its 2024 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 123,622 plans)
- #8,399 in Finance & Insurance (8,549 peers)
Coverage in Massachusetts
Sun Advantage Savings and Investment Plan covers 5,996 participants in Massachusetts, 9.1x the typical Massachusetts plan (state average ~659 per filing). Assets: $1.8B.
- $1.8B
- total plan assets (2024 EOY)
- 5,996
- covered participants
- 99th
- percentile by assets (of 123,622 plans)
- $296,585
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Sun Advantage Savings and Investment Plan reported participants rose from 3,900 in the plan year 2023 filing to 5,996 in the plan year 2024 filing.
- Sun Advantage Savings and Investment Plan end-of-year assets rose from $1.5B in the plan year 2023 filing to $1.8B in the plan year 2024 filing.
- Sun Advantage Savings and Investment Plan reported net income fell from $276M in the plan year 2023 filing to $235M in the plan year 2024 filing.
Participants vs Massachusetts filers
In Massachusetts, the average filing covers about 659 participants across 4,265 plans. Sun Advantage Savings and Investment Plan reports 5,996 participants - 9.1x that state average ($1.8B EOY assets).
Massachusetts filing particulars
| Total Assets (Beginning of Year) | $1.5B |
|---|---|
| Net Assets (End of Year) | $1.8B |
| Net Income | $235M |
| 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 $34.2B · 66,907
- Liberty Mutual 401(k) Plan $11.4B · 34,618
- Massachusetts Institute of Technology Supplemental 401(k) Plan $7.7B · 14,762
- Boston Scientific Corporation 401(k) Retirement Savings Plan $6.8B · 20,639
- State Street Salary Savings Program $6.5B · 12,777
Scale composition for Sun Advantage Savings and Investment Plan
Sun Advantage Savings and Investment Plan reports $1.8B in end-of-year assets across 5,996 participants (0.014% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $296,585 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2024 was $235M.
This plan identity (EIN 263730703, plan #005) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $1.3B to $1.8B (+40.3%) while covered participants moved from 3,547 to 5,996 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 3,547 | $1.3B | Open filing |
| 2023 | 3,900 | $1.5B | Open filing |
| 2024 · index core | 5,996 | $1.8B | This page |
The same sponsor also keeps 1 other index-core plan on PlainRetire:
- Retirement Income Plan (Defined Benefit (Pension), $253M, 310 participants)
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.
- Pacific Life Insurance Company Retirement Incentive Savings Plan (CA) $1.8B · 3,250
- Telephone and Data Systems, Inc. Tax-Deferred Savings Plan (WI) $1.8B · 8,892
- Chs Inc. 401(k) Plan (MN) $1.8B · 8,589
- Pacificorp K Plus Employee Savings Plan (OR) $1.8B · 5,201
Frequently Asked Questions
How did Sun Advantage Savings and Investment Plan assets move in 2024? ▼
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? ▼
Next read for Sun Advantage Savings and Investment Pla…
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