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 Canada Life 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 Canada Life 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 5% of your earnings each pay period, to the maximum of $5,000 annually. Match funds will be posted to your DPSP account and will be immediately vested.