Retirement plan

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Name: CADENCE DESIGN SYSTEMS INC - CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN (2018) 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 2018

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

Prospect flagsLow returnsCorrective 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)

$1075.3M

-9.6% from 2016

Total participants

4,785

+0.5% from 2016

Average account balance

$228,648

-9.7% from 2016

Annual return

-6.49%

-9.35 pp from 2016

Benchmarks

See 831 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort831 peers

Snapshot2018

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 5 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$541,208
GREAT-WEST LIFE & ANNUITY INSURANCE4+ years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$366,930
HYAS GROUP, LLC3 years Service code 16 108 NW 9TH AVENUE, SUITE 203 · PORTLAND, OR 97209	Consulting	$83,887
MOSS ADAMS LLP4+ years Service code 10 PO BOX 748369 · LOS ANGELES, CA 900748369	Accounting	$28,665
CHARLES SCHWAB & CO., INC.4+ 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

2 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$786K

$273 / participant

Investment mgmt$349K44.4%
Other / not subdivided$437K55.6%

% of EOY assets

0.073%

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

$228,648

$78,852+190.0%

$76,768+197.8%

$75,289+203.7%

Participation rate

97.2%

85.0%+12.2pp

77.0%+20.2pp

72.4%+24.7pp

Annual return

-6.49%

-1.29%-5.2pp

2.43%-8.9pp

-0.04%-6.4pp

Employer contribution / active EE

$5,099

$2,794+82.5%

$2,485+105.2%

$2,405+112.0%

Participant deferral / active EE

$16,791

$4,800+249.8%

$3,852+335.9%

$3,739+349.1%

Admin fee / account holder

$167

$79+111.6%

$6,676-97.5%

$102+63.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$541,208

GREAT-WEST LIFE & ANNUITY INSURANCE4+ years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$366,930

HYAS GROUP, LLC3 years

Service code 16

108 NW 9TH AVENUE, SUITE 203 · PORTLAND, OR 97209

Consulting

$83,887

MOSS ADAMS LLP4+ years

Service code 10

PO BOX 748369 · LOS ANGELES, CA 900748369

Accounting

$28,665

CHARLES SCHWAB & CO., INC.4+ 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