Plan Snapshot
- Plan Sponsor: Cadence, INC.
- Sponsor EIN: 541332357
- Sponsor Address: 9 TECHNOLOGY DRIVE, STAUNTON, VA, 24401
- Plan Type: 401(k)
- Total Participants: 679
- Total Assets: $60.4M
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 | 679 | $60.4M | $1.4M | $3.6M |
| 2023 | 705 | $55.6M | $1.3M | $3.4M |
| 2022 | 566 | $43.3M | $1.0M | $2.8M |
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 |
|---|---|---|---|---|
| ELMORE, HUPP & COMPANY, PLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $53,652 | $92,157 | — | — | — |
| 2023 | $28,633 | $75,880 | — | — | — |
| 2022 | $50,786 | — | — | — | — |