Plan Snapshot
- Plan Sponsor: Sun Life Financial U.S. Services Company, INC.
- Sponsor EIN: 263730703
- Sponsor Address: ONE SUN LIFE PARK, WELLESLEY HILLS, MA, 024815615
- Plan Type: 401(k)
- Total Participants: 5,991
- Total Assets: $1.8B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,991 | $1.8B | $55.6M | $51.1M |
| 2023 | 5,996 | $1.5B | $51.9M | $46.9M |
| 2022 | 3,900 | $1.3B | $34.9M | $32.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS | CONTRACTUAL | $1,019,443 | — | $1,019,443 |
| VOYA INSTITUTIONAL PLAN SERVICES | RECORD KEEPER | $235,984 | — | $235,984 |
| DELOITTE & TOUCHE | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- VOYA RETIREMENT ADVISORS — CONTRACTUAL
- DELOITTE & TOUCHE — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,255,427
- Estimated Expense Ratio: 0.071% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,255,427 | $1,019,443 | $25,850 | — | — |
| 2023 | $1,039,256 | $813,024 | $30,000 | — | — |
| 2022 | $949,905 | — | — | — | $949,905 |