Marvell Semiconductor, Inc. 401(k) Review & Grade
Marvell Semiconductor 401k Retirement Plan
Santa Clara, CAManufacturing3,048 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,823Employer $ per active participant
$25,994Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$251,758Average balance per account
Score breakdown
- Employer generosity34.0 / 5068th percentile for employer $ per participant
- Low cost22.6 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score79 / 100 · Grade A
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 90th |
| Employee saving | 100th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $17,674 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Marvell Semiconductor put in about $4,823 per active participant, more than the typical peer ($3,452). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $14,703,068 |
| Participant (employee) contributions | $79,243,190 |
| Other contributions (incl. rollovers in) | $8,531,767 |
| Administrative expenses paid from the plan | $370,456 |
| Investment advisory & management fees | $158,291 |
| Benefits paid out | $85,078,563 |
| Net assets, start / end of year | $1.1B / $1.4B |
| Active participants, start / end of year | 3,127 / 2,970 |
| Participants with account balances | 5,416 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wright Ford Young & Co |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $228,478 reported compensation |
| Steelpeak Wealth LLC | $69,482 reported compensation |
| Morningstar Inc | $22,271 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251029103549NAL0000443763001, received 2025-10-29, EIN 77-0398669, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.