Plan Snapshot
- Plan Sponsor: Cadence Design Systems INC
- Sponsor EIN: 770148231
- Sponsor Address: 2655 SEELY AVENUE BUILDING 5, SAN JOSE, CA, 95134
- Plan Type: 401(k)
- Total Participants: 3,716
- Total Assets: $2.1B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 3,716 | $2.1B | $21.7M | $80.4M |
| 2023 | 3,690 | $1.8B | $21.0M | $74.8M |
| 2022 | 3,437 | $1.5B | $18.1M | $64.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | $738,866 | — | $738,866 |
| EMPOWER ANNUITY INSURANCE COMPANY O | NONE | $349,662 | — | $349,662 |
| BAKER TILLY US, LLP | Auditor | $40,950 | — | $40,950 |
| MOSS ADAMS LLP | NONE | $40,950 | — | $40,950 |
| FISHER INVESTMENTS | NONE | $29,741 | — | $29,741 |
| WEIL ASSOCIATES INC | NONE | $20,505 | — | $20,505 |
| GOLDEN STATE EQUITY PARTNERS | NONE | $16,790 | — | $16,790 |
| IRONWOOD WEALTH MANAGEMENT LLC | NONE | $15,823 | — | $15,823 |
| SAVANT CAPITAL LLC | NONE | $15,140 | — | $15,140 |
| MONETA GROUP INVESTMENT ADVISO | NONE | $13,965 | — | $13,965 |
| SIGNATUREFD LLC | NONE | $13,253 | — | $13,253 |
| CHARLES SCHWAB & CO., INC | NONE | $10,567 | — | $10,567 |
| ENVESTNET ASSET MANAGEMENT INC | NONE | $5,876 | — | $5,876 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BAKER TILLY US, LLP — Auditor
- FISHER INVESTMENTS — NONE
- IRONWOOD WEALTH MANAGEMENT LLC — NONE
- SAVANT CAPITAL LLC — NONE
- CHARLES SCHWAB & CO., INC — NONE
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,312,088
- Estimated Expense Ratio: 0.063% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $991,577 | $738,866 | — | $40,950 | — |
| 2023 | $1,012,296 | $659,993 | — | $38,325 | — |
| 2022 | $992,586 | $767,586 | — | — | $600 |