Plan name Marvell Semiconductor 401(k) Retirement Plan
Location Santa Clara, California
Asset size $620.5MM
Participants 4,525
Industry Technology and Semiconductors
Participation rate 92%
Average deferral rate 11.4%
# of funds offered 14
Investment review Quarterly
True-up match Yes
Match vesting period Immediately upon enrollment
Eligibility Immediately upon hire
Default deferral rate 6%
Default investment Custom Target-date Fund
Automatic escalation Opt-out
Systematic withdrawals Yes
Fee equalization Not applicable
Match rate 100% on the first 4% of salary deferrals, then 50% on the next 2% (maximum of $1,000 per quarter)
% receiving full match >90%
Maximum employer contribution 5% (up to $4,000 per year)
Financial education:
Saving/Budgeting Yes
Investing strategies Yes
College saving Yes
Credit/Debt management Yes
Tax/Estate planning Yes
Retiree health costs/savings options Yes
Recordkeeper Charles Schwab
Note: Match rates and employer contributions are simplified for reporting purposes and may have other attributes (e.g., caps/limits, tiers, etc.) not listed here.
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