|
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
|
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