Retirement plan

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Name: CADENCE DESIGN SYSTEMS INC - CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN (2021) 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 2021

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)

$1797.4M

-9.6% from 2016

Total participants

5,185

+0.5% from 2016

Average account balance

$352,084

-9.7% from 2016

Annual return

15.95%

-9.35 pp from 2016

Benchmarks

See 773 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort773 peers

Snapshot2021

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 10 of 12 by compensation

Provider	Service type	Compensation
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Filed as: ADVISED ASSETS GROUP, LLC Service code 26 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Advisory (Participants)	$697,184
GREAT-WEST LIFE & ANNUITY INSURANCE7+ years Service code 15 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping	$359,358
HYAS GROUP, LLC7+ years Filed as: HYAS GROUP LLC Service code 15 108 NW 9TH AVENUE, SUITE 203 · PORTLAND, OR 97209	Recordkeeping	$108,358
MOSS ADAMS LLP7+ years Service code 10 PO BOX 101822 · PASADENA, CA 911891822	Accounting	$39,425
SIGNATUREFD LLC2 years Service code 71 · EIN 58-2323085	Brokerage Fees	$25,269
FISHER INVESTMENTS2 years Service code 71 · EIN 20-2480800	Brokerage Fees	$15,735
IRONWOOD CAPITAL MANAGEMENT2 years Filed as: IRONWOOD WEALTH MANAGEMENT LLC Service code 71 · EIN 20-4608596	Brokerage Fees	$15,030
SAVANT CAPITAL MANAGEMENT1 year Filed as: SAVANT WEALTH MANAGEMENT Service code 71 · EIN 36-3859937	Brokerage Fees	$12,672
GOLDEN STATE EQUITY PARTNERS L1 year Service code 71 · EIN 82-3052014	Brokerage Fees	$10,917
WEIL ASSOCIATES INC1 year Service code 71 · EIN 95-4459178	Brokerage Fees	$10,499

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

$1.1M

$340 / participant

Investment mgmt$806K76.4%
Other / not subdivided$249K23.6%

% of EOY assets

0.059%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$352,084

$144,879+143.0%

$111,319+216.3%

$93,010+278.5%

Participation rate

97.4%

86.1%+11.3pp

77.3%+20.1pp

73.9%+23.5pp

Annual return

15.95%

18.11%-2.2pp

54.68%-38.7pp

158.70%-142.8pp

Employer contribution / active EE

$5,757

$3,052+88.6%

$2,732+110.8%

$2,705+112.8%

Participant deferral / active EE

$20,266

$5,576+263.5%

$4,488+351.6%

$4,561+344.3%

Admin fee / account holder

$207

$104+99.6%

$7,966-97.4%

$152+36.2%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Filed as: ADVISED ASSETS GROUP, LLC

Service code 26

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Advisory (Participants)

$697,184

GREAT-WEST LIFE & ANNUITY INSURANCE7+ years

Service code 15

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping

$359,358

HYAS GROUP, LLC7+ years

Filed as: HYAS GROUP LLC

Service code 15

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

Recordkeeping

$108,358

MOSS ADAMS LLP7+ years

Service code 10

PO BOX 101822 · PASADENA, CA 911891822

Accounting

$39,425

SIGNATUREFD LLC2 years

Service code 71 · EIN 58-2323085

Brokerage Fees

$25,269

FISHER INVESTMENTS2 years

Service code 71 · EIN 20-2480800

Brokerage Fees

$15,735

IRONWOOD CAPITAL MANAGEMENT2 years

Filed as: IRONWOOD WEALTH MANAGEMENT LLC

Service code 71 · EIN 20-4608596

Brokerage Fees

$15,030

SAVANT CAPITAL MANAGEMENT1 year

Filed as: SAVANT WEALTH MANAGEMENT

Service code 71 · EIN 36-3859937

Brokerage Fees

$12,672

GOLDEN STATE EQUITY PARTNERS L1 year

Service code 71 · EIN 82-3052014

Brokerage Fees

$10,917

WEIL ASSOCIATES INC1 year

Service code 71 · EIN 95-4459178

Brokerage Fees

$10,499

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