# Cadence Design Systems INC 401(k) Plan
Source: https://planprovider.pro/companies/cadence-design-systems-inc-401k-plan

> Cadence Design Systems INC's 401(k) plan: 3,716 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/baker-tilly-us-llp) — Auditor

- [FISHER INVESTMENTS](https://planprovider.pro/provider/jp-morgan-asset-management) — NONE

- [IRONWOOD WEALTH MANAGEMENT LLC](https://planprovider.pro/provider/ironwood-wealth-management-inc) — NONE

- [SAVANT CAPITAL LLC](https://planprovider.pro/provider/savant-wealth-management) — NONE

- [CHARLES SCHWAB & CO., INC](https://planprovider.pro/provider/charles-schwab-and-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|

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