Retirement plan

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Name: CADENCE DESIGN SYSTEMS INC - CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN (2017) Form 5500
Creator: CADENCE DESIGN SYSTEMS INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN, CADENCE DESIGN SYSTEMS INC

CADENCE DESIGN SYSTEMS INCEIN 77-0148231Plan #001PY 2017

2655 SEELY ROAD BUILDING 5 - SAN JOSE, CA 95134408-943-1234LinkedIn5001-10000 employeescomputer software

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed January 3, 1996 (most recent of 2 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$1144.4M

-9.6% from 2016

Total participants

4,766

+0.5% from 2016

Average account balance

$244,427

-9.7% from 2016

Annual return

18.47%

-9.35 pp from 2016

Benchmarks

See 786 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort786 peers

Snapshot2017

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$2.09B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$355K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

5,890

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.1%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$102.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$27K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+17.33%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$168

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 9 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$464,134
GREAT-WEST LIFE & ANNUITY INSURANCE3+ years Service code 15 · EIN 84-0467907	Recordkeeping	$144,898
HYAS GROUP, LLC2 years Service code 16 · EIN 26-2924761	Consulting	$80,530
CHARLES SCHWAB & CO., INC.1 year Filed as: CHARLES SCHWAB CO. INC Service code 26 · EIN 94-1737782	Advisory (Participants)	$33,128
MOSS ADAMS LLP3+ years Service code 16 · EIN 91-0189318	Consulting	$28,140
THE BANK OF NEW YORK MELLON1 year Filed as: BNY MELLON Service code 26 · EIN 25-0659306	Advisory (Participants)	$8,265
GODSEY & GIBB WEALTH MANAGEMEN1 year Filed as: GODSEY & GIBB WEALTH MANAGEMENT Service code 26 · EIN 54-1307509	Advisory (Participants)	$6,146
STRATOS WEALTH PARTNERS1 year Filed as: STRATOS WEALTH PARTNERS LTD Service code 26 · EIN 27-5273468	Advisory (Participants)	$5,398
CHARLES SCHWAB & CO., INC.3+ years Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2R2S2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$718K

$247 / participant

Investment mgmt$545K75.9%
Other / not subdivided$173K24.1%

% of EOY assets

0.063%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: MOSS ADAMS, LLP
Auditor EIN: 910189318
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$244,427

$88,730+175.5%

$82,312+197.0%

$77,958+213.5%

Participation rate

97.1%

84.5%+12.6pp

76.9%+20.2pp

71.6%+25.5pp

Annual return

18.47%

20.88%-2.4pp

25.88%-7.4pp

20.87%-2.4pp

Employer contribution / active EE

$4,986

$2,758+80.8%

$2,428+105.3%

$2,310+115.8%

Participant deferral / active EE

$16,172

$4,634+249.0%

$3,706+336.3%

$3,537+357.3%

Admin fee / account holder

$153

$74+107.2%

$5,608-97.3%

$97+57.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$464,134

GREAT-WEST LIFE & ANNUITY INSURANCE3+ years

Service code 15 · EIN 84-0467907

Recordkeeping

$144,898

HYAS GROUP, LLC2 years

Service code 16 · EIN 26-2924761

Consulting

$80,530

CHARLES SCHWAB & CO., INC.1 year

Filed as: CHARLES SCHWAB CO. INC

Service code 26 · EIN 94-1737782

Advisory (Participants)

$33,128

MOSS ADAMS LLP3+ years

Service code 16 · EIN 91-0189318

Consulting

$28,140

THE BANK OF NEW YORK MELLON1 year

Filed as: BNY MELLON

Service code 26 · EIN 25-0659306

Advisory (Participants)

$8,265

GODSEY & GIBB WEALTH MANAGEMEN1 year

Filed as: GODSEY & GIBB WEALTH MANAGEMENT

Service code 26 · EIN 54-1307509

Advisory (Participants)

$6,146

STRATOS WEALTH PARTNERS1 year

Filed as: STRATOS WEALTH PARTNERS LTD

Service code 26 · EIN 27-5273468

Advisory (Participants)

$5,398

CHARLES SCHWAB & CO., INC.3+ years

Service code 59

Shareholder Servicing

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion