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Marvell's comprehensive benefits package enables you and your family to live healthy lives and save for your future through our RRSP and DPSP options. It's never too late or too early to start saving or work towards growing your retirement savings!

  Registered Retirement Savings Plan (RRSP) Deferred Profit Sharing Plan (DPSP)
Who is Eligible All full-time employees may join the plan immediately. Interns and part-time employees working under 30 hours per week are not eligible. All full-time employees who join the RRSP plan are eligible to join the DPSP plan to receive the Company Match. Interns and part-time employees working under 30 hours per week are not eligible.
Employee Contributions and Match You can make regular contributions up to 5% of your earnings.

Voluntary contributions above 5% and up to your CRA maximum are permitted but do not qualify for an employer match.
Marvell will match your regular contributions, up to 5% of your earnings, to an annual maximum of $5,000.

The Marvell match will be immediately vested.
Definition of Earnings Basic salary including overtime and bonuses 

Effective September 1, 2025, Marvell's Canadian retirement savings plan will move from Canada Life to Sun Life. This change will not affect your eligibility or employer match - your savings and beneficiary information will transfer automatically.

You can still review the current Canada Life Member Booklet here, but stay tuned - updated materials from Sun Life will be available no later than the week of August 25th.

Transitioning Your Retirement Plan to Sun Life +

To help guide you through this transition, we're hosting in-person information sessions where you can learn more and ask questions:

  • Kanata - Wednesday, September 3, 2025 at 10:00 a.m. ET
  • Toronto - Thursday, September 4, 2025 at 10:00 a.m. ET
  • Richmond Hill - Thursday, September 4, 2025, at 2:00 p.m. ET

Here’s what you can expect with the move to Sun Life:

  • Your savings will transfer automatically—no action needed.
  • Your current fund line-up will be matched to similar funds at Sun Life.
  •  Your contribution amounts will stay the same, but going forward, payroll contributions must be made as a percentage of pay, not a fixed dollar amount.
  • Lower fees to help your savings grow faster.
  • More financial wellness resources to support your savings goals.
  • Simplified new hire enrollment for a smoother onboarding experience.
  • A high functioning mobile application for a simplified and enhanced user experience.
  • Custom retirement planning tools for better. understanding and preparation towards retirement readiness.

How to Enrol in Your Retirement Savings Program Through Canada Life +

Use enrolment express to join. All full-time employees need to enroll in both the RRSP and DPSP programs. Enrolment is not automatic.

Go to mycanadalifeatwork.com and sign in to your retirement and savings plan. 

  • For New Hires: Sign in with the Access ID: 1620361 and Password: QUxEzd67. Click Enrol to join and be sure to enrol in both the RRSP and DPSP programs. The tool will guide you through the enrolment process. Watch this short How To Enrol Video for more tips.
  • For Employees with existing DPSP plans: Log in with your GroupNet email address and password. Here is a guide to assist you in setting up your account.

Your Contributions and Match +

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 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.

 

Contact Canada Life: Retirement Services

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PARTICIPATE IN MARVELL'S GROUP RETIREMENT AND SAVINGS PLAN

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Participate in Marvell's group retirement and savings plan to save for retirement at mycanadalifeatwork.com