Retirement plan

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Name: CADENCE DESIGN SYSTEMS INC - CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN (2020) 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 2020

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

Prospect flagsHigh assets / participantCorrective 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)

$1579.4M

+19.5% from 2019

Total participants

5,074

+3.2% from 2019

Average account balance

$314,565

+14.9% from 2019

Annual return

19.11%

-4.85 pp from 2019

Benchmarks

See 764 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort764 peers

Snapshot2020

See peer percentile detail. $4.99 for your first month.

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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 10 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$584,461
GREAT-WEST LIFE & ANNUITY INSURANCE6+ years Service code 15 · EIN 84-0467907	Recordkeeping	$225,800
HYAS GROUP, LLC5 years Service code 15 · EIN 26-2924761	Recordkeeping	$65,361
STRATOS WEALTH PARTNERS4 years Filed as: STRATOS WEALTH PARTNERS LTD Service code 71 · EIN 27-5273468	Brokerage Fees	$23,464
MOSS ADAMS LLP6+ years Service code 10 · EIN 91-0189318	Accounting	$20,950
SIGNATUREFD LLC1 year Service code 71 · EIN 58-2323085	Brokerage Fees	$19,530
IRONWOOD CAPITAL MANAGEMENT1 year Filed as: IRONWOOD WEALTH MANAGEMENT LLC Service code 71 · EIN 20-4608596	Brokerage Fees	$13,562
FISHER INVESTMENTS1 year Service code 71 · EIN 20-2480800	Brokerage Fees	$11,628
SAVANT CAPITAL MANAGEMENT1 year Filed as: SAVANT CAPITAL LLC Service code 71 · EIN 36-3859937	Brokerage Fees	$9,705
CHARLES SCHWAB & CO., INC.6+ years Service code 26 · EIN 94-1737782	Advisory (Participants)	$8,747

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

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$898K

$283 / participant

Investment mgmt$671K74.7%
Other / not subdivided$227K25.3%

% of EOY assets

0.057%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

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

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$314,565

$176,491+78.2%

$95,952+227.8%

$90,288+248.4%

Participation rate

98.3%

86.6%+11.8pp

77.1%+21.3pp

73.4%+25.0pp

Annual return

19.11%

20.14%-1.0pp

91.61%-72.5pp

53.97%-34.9pp

Employer contribution / active EE

$5,366

$2,789+92.4%

$2,541+111.2%

$2,524+112.6%

Participant deferral / active EE

$18,164

$5,340+240.2%

$4,167+335.9%

$4,232+329.2%

Admin fee / account holder

$179

$154+16.1%

$6,795-97.4%

$114+56.8%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$584,461

GREAT-WEST LIFE & ANNUITY INSURANCE6+ years

Service code 15 · EIN 84-0467907

Recordkeeping

$225,800

HYAS GROUP, LLC5 years

Service code 15 · EIN 26-2924761

Recordkeeping

$65,361

STRATOS WEALTH PARTNERS4 years

Filed as: STRATOS WEALTH PARTNERS LTD

Service code 71 · EIN 27-5273468

Brokerage Fees

$23,464

MOSS ADAMS LLP6+ years

Service code 10 · EIN 91-0189318

Accounting

$20,950

SIGNATUREFD LLC1 year

Service code 71 · EIN 58-2323085

Brokerage Fees

$19,530

IRONWOOD CAPITAL MANAGEMENT1 year

Filed as: IRONWOOD WEALTH MANAGEMENT LLC

Service code 71 · EIN 20-4608596

Brokerage Fees

$13,562

FISHER INVESTMENTS1 year

Service code 71 · EIN 20-2480800

Brokerage Fees

$11,628

SAVANT CAPITAL MANAGEMENT1 year

Filed as: SAVANT CAPITAL LLC

Service code 71 · EIN 36-3859937

Brokerage Fees

$9,705

CHARLES SCHWAB & CO., INC.6+ years

Service code 26 · EIN 94-1737782

Advisory (Participants)

$8,747

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