Retirement plan

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Name: CADENCE DESIGN SYSTEMS INC - CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN (2022) 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 2022

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

Prospect flagsLow returnsHigh 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)

$1462.1M

-9.6% from 2016

Total participants

5,618

+0.5% from 2016

Average account balance

$268,380

-9.7% from 2016

Annual return

-17.47%

-9.35 pp from 2016

Benchmarks

See 811 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort811 peers

Snapshot2022

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 INSURANCE1 year Filed as: EMPOWER ADVISORY GROUP, LLC Service code 26 · EIN 84-1532243	Advisory (Participants)	$681,472
GREAT-WEST LIFE & ANNUITY INSURANCE1 year Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 15 · EIN 84-0467907	Recordkeeping	$382,505
HYAS GROUP, LLC8+ years Filed as: HYAS GROUP LLC Service code 15 108 NW 9TH AVENUE, SUITE 203 · PORTLAND, OR 97209	Recordkeeping	$86,114
SIGNATUREFD LLC3 years Service code 71 · EIN 58-2323085	Brokerage Fees	$24,606
FISHER INVESTMENTS3 years Service code 71 · EIN 20-2480800	Brokerage Fees	$18,836
WEIL ASSOCIATES INC2 years Service code 71 · EIN 95-4459178	Brokerage Fees	$16,474
IRONWOOD CAPITAL MANAGEMENT3 years Filed as: IRONWOOD WEALTH MANAGEMENT LLC Service code 71 · EIN 20-4608596	Brokerage Fees	$14,368
GOLDEN STATE EQUITY PARTNERS L2 years Service code 71 · EIN 82-3052014	Brokerage Fees	$13,044
SAVANT CAPITAL MANAGEMENT2 years Filed as: SAVANT WEALTH MANAGEMENT Service code 71 · EIN 36-3859937	Brokerage Fees	$12,487
BUCKINGHAM STRATEGIC PARTNERS2 years Service code 71 · EIN 20-8307105	Brokerage Fees	$6,765

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

3 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).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$993K

$289 / participant

Investment mgmt$768K77.3%
Other / not subdivided$225K22.7%

% of EOY assets

0.068%

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

$268,380

$130,052+106.4%

$86,717+209.5%

$77,906+244.5%

Participation rate

95.1%

85.9%+9.1pp

76.6%+18.5pp

73.7%+21.4pp

Annual return

-17.47%

-12.73%-4.7pp

35.97%-53.4pp

12.16%-29.6pp

Employer contribution / active EE

$5,254

$3,214+63.5%

$2,837+85.2%

$2,846+84.6%

Participant deferral / active EE

$18,608

$5,741+224.1%

$4,657+299.6%

$4,805+287.2%

Admin fee / account holder

$182

$132+38.2%

$7,494-97.6%

$133+37.4%

Provider

Service type

Compensation

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ADVISORY GROUP, LLC

Service code 26 · EIN 84-1532243

Advisory (Participants)

$681,472

GREAT-WEST LIFE & ANNUITY INSURANCE1 year

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 15 · EIN 84-0467907

Recordkeeping

$382,505

HYAS GROUP, LLC8+ years

Filed as: HYAS GROUP LLC

Service code 15

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

Recordkeeping

$86,114

SIGNATUREFD LLC3 years

Service code 71 · EIN 58-2323085

Brokerage Fees

$24,606

FISHER INVESTMENTS3 years

Service code 71 · EIN 20-2480800

Brokerage Fees

$18,836

WEIL ASSOCIATES INC2 years

Service code 71 · EIN 95-4459178

Brokerage Fees

$16,474

IRONWOOD CAPITAL MANAGEMENT3 years

Filed as: IRONWOOD WEALTH MANAGEMENT LLC

Service code 71 · EIN 20-4608596

Brokerage Fees

$14,368

GOLDEN STATE EQUITY PARTNERS L2 years

Service code 71 · EIN 82-3052014

Brokerage Fees

$13,044

SAVANT CAPITAL MANAGEMENT2 years

Filed as: SAVANT WEALTH MANAGEMENT

Service code 71 · EIN 36-3859937

Brokerage Fees

$12,487

BUCKINGHAM STRATEGIC PARTNERS2 years

Service code 71 · EIN 20-8307105

Brokerage Fees

$6,765

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