Plan Ledger DOL Form 5500 · updated monthly

Marvell Semiconductor, Inc.401(k)

MARVELL SEMICONDUCTOR 401K RETIREMENT PLAN · SANTA CLARA, CA · plan year 2024

Reported admin expense ratio · 2024
0.03%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Marvell Semiconductor, Inc. reported $370,456 in plan administrative expenses for 2024: 0.03% of average plan assets, below the peer median. Employer contributions averaged $4,951 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.04% to 0.03%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 104th-largest of 9,483 plans among California employers on file, and the 243rd of 13,661 in manufacturing. In 2024, employees put in $5.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,363,520,692
Participants with balances5,416
Active participants2,970
Employer contributions$14,703,068
Employee contributions$79,243,190
Employer contribution per active participant$4,951
Average account balance$251,758
Benefits paid to participants$85,078,563
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4B · 5,416 accts · $14.7M emplr
2023$1.1B · 5,414 accts · $15.5M emplr
2022$907.2M · 5,465 accts · $15.9M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$212,165
Investment management$158,291
Total administrative$370,456
The Marvell Semiconductor, Inc. 401(k) match · 2024
Employer contribution per active participant$4,951
Median for plans this size$5,259
2024$4,951 per active participant
2023$5,105 per active participant
2022$4,897 per active participant

Marvell Semiconductor, Inc.'s 2024 employer contribution ran below the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20248
SCHWAB RETIREMENT PLAN SERVICES,INC · Recordkeeping · Investment advisory (participants)$228,478
STEELPEAK WEALTH LLC · Investment advisory (participants)$69,482
MORNINGSTAR INC · Investment management$22,271
IRONWOOD WEALTH MANAGEMENT LLC · Investment advisory (participants)$17,611
CHARLES SCHWAB & CO., INC. · Securities brokerage$15,594
MORNINGSTAR INVESTMENT SERVICE · Investment advisory (participants)$11,106
SAGE ADVISORY GROUP · Investment management$9,019
ABOUND WEALTH MANAGEMENT LLC · Investment advisory (participants)$8,940

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Charles Schwab
2023Charles Schwab

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$370,456 · 0.03%
2023$413,428 · 0.04%
2022$396,189 · 0.04%
Same employer
Similar plansManufacturing · California
E. & J. Gallo Winery CA$1.8B · 0.06%
Activision Blizzard CA$1.5B · 0.04%
Globalfoundries U.S. Inc. CA$1.2B · 0.04%
Teradata Corporation CA$1.2B · 0.02%
Viasat, Inc. CA$1.2B · 0.09%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 770398669 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.