Plan Snapshot
- Plan Sponsor: Marvell Semiconductor, INC.
- Sponsor EIN: 770398669
- Sponsor Address: 5488 MARVELL LANE, SANTA CLARA, CA, 95054
- Plan Type: 401(k)
- Total Participants: 2,970
- Total Assets: $1.4B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 2,970 | $1.4B | $14.7M | $79.2M |
| 2023 | 3,030 | $1.1B | $15.5M | $77.9M |
| 2022 | 3,251 | $907.2M | $15.9M | $72.9M |
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 |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $228,478 | — | $228,478 |
| STEELPEAK WEALTH LLC | Investment Advisor | $69,482 | — | $69,482 |
| MORNINGSTAR INC | Recordkeeper | $22,271 | — | $22,271 |
| IRONWOOD WEALTH MANAGEMENT LLC | Investment Advisor | $17,611 | — | $17,611 |
| CHARLES SCHWAB & CO., INC. | Recordkeeper | $15,594 | — | $15,594 |
| MORNINGSTAR INVESTMENT SERVICE | Other Service Provider | $11,106 | — | $11,106 |
| SAGE ADVISORY GROUP | Investment Advisor | $9,019 | — | $9,019 |
| ABOUND WEALTH MANAGEMENT LLC | Investment Advisor | $8,940 | — | $8,940 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- STEELPEAK WEALTH LLC — Investment Advisor
- MORNINGSTAR INC — Recordkeeper
- IRONWOOD WEALTH MANAGEMENT LLC — Investment Advisor
- CHARLES SCHWAB & CO., INC. — Recordkeeper
- SAGE ADVISORY GROUP — Investment Advisor
- ABOUND WEALTH MANAGEMENT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $382,501
- Estimated Expense Ratio: 0.028% 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 | $370,456 | $158,291 | — | — | — |
| 2023 | $413,428 | $148,851 | — | — | — |
| 2022 | $396,189 | $133,416 | — | — | — |