Effective March 2, 2026, Marvell is increasing the annual employer match for the DPSP from $5,000 to $6,000.

What this means for you

• If you are contributing 6% of your earnings, you will now be eligible to receive up to $6,000 in employer match each year
• The match continues to be immediately vested.
• The increase applies on a go forward basis (not retroactively).

Do you need to take any action?

You may want to review your current RRSP contribution rate to ensure you're contributing enough to receive the full 6% match.

• If you’re already contributing 6% (or more), no action is required.
• If you contribute less than 6%, you may choose to increase your rate anytime through your Sun Life account.

If you have questions about optimizing your contributions, consider using Sun Life One Plan (Log in to mysunlife.ca then go to Manage Plan > Tools > Retirement Planner> Start Your Plan) or contact Sun Life for support.

Learn more:

Please find below the videos to guide you through the Retirement Planner tool:

• English
• French

In addition, here are several general resources to help you understand the retirement plan offering and feel confident as you make your elections:

• Recording of an overview to support enrolling
• Recording of guidance for managing your savings
• English Sun Life Member Booklet - Updated Version coming soon
• French Sun Life Member Booklet - Updated Version coming soon

Note: Effective September 1, 2025, Marvell's Canadian retirement savings plan moved from Canada Life to Sun Life. You can still access the Canada Life Member Booklet  here and your last statement and tax documents will be mailed to you in the first quarter of 2026.

How to register: if you don’t already have a personal Sun Life account, a welcome letter was sent to you in late August 2025. 

• Recommended option: Download and register through the my Sun Life mobile app
• Register via mysunlife.ca
• Login via Okta SSO

Already have a personal Sun Life account?

• Login via Okta SSO

Account number format:

• Use 95877 + your employee ID
• Example: If your employee ID is 332244, your account number is 95877332244
• You’ll also need your date of birth to complete registration

Helpful tips:

• If you had a Canada Life account before the transition, use the same email address you had with Canada Life — this helps Sun Life recognize your account.
• You’ll receive a confirmation email once your email is entered.
• If your email isn’t on file, you may need to verify your identity using your account number + SIN or online banking info.

Note: If you register through the mobile app, you’re automatically registered on mysunlife.ca. If you register on the website first, you’ll need to register separately on the app.

Employee Contribution

Your regular and voluntary contributions will be withheld at the deferral rate you select every pay period, including bonus and overtime pay. Contributions are withheld pretax and funds will be posted to your account into the investments you select. Funds will be posted on payday or the next business day after. 

You can change your deferral contributions at any time by going to your account. The cutoff to adjust your contribution is 7 days before the scheduled pay date.

Employees are responsible for monitoring their personal Canada Revenue Agency RRSP limit in order to avoid over contributing.  Please refer to your Notice of Assessment by logging into your CRA My Account at www.canada.ca or calling CRA automated phone service at 1-800-267-6999. 

Employer Match

Marvell with match your regular contribution, up to 6% of your earnings each pay period, to the maximum of $6,000 annually. Match funds will be posted to your DPSP account and will be immediately vested.