Employers › Cadence Design Systems
Recordkeeping fees per participant · Cadence Design Systems, Inc. 401(k) Plan · plan year 2024
$35.65
Higher than 53% of the 790 plans over $1B that report it.
= $209,961 / 5,890
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006131700NAL0002086739001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131700NAL0002086739001, received 2025-10-06
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-06.
Administrative expenses excluding investment management, per participant
$42.91
Higher than 47% of the 1,045 plans over $1B that report it.
= $252,711 / 5,890
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006131700NAL0002086739001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131700NAL0002086739001, received 2025-10-06
Administrative expenses per participant
$168.35
Higher than 89% of the 1,076 plans over $1B that report it.
= $991,577 / 5,890
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006131700NAL0002086739001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131700NAL0002086739001, received 2025-10-06
Administrative expenses as a share of assets
0.047%
Higher than 51% of the 1,076 plans over $1B that report it.
= $991,577 / $2,092,078,532
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006131700NAL0002086739001, received 2025-10-06
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006131700NAL0002086739001, received 2025-10-06
Employer contributions per participant
$3,690
Higher than 49% of the 1,135 plans over $1B that report it.
= $21,734,041 / 5,890
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006131700NAL0002086739001, received 2025-10-06
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131700NAL0002086739001, received 2025-10-06
Employer share of total contributions
19.1%
Higher than 9% of the 1,135 plans over $1B that report it.
= $21,734,041 / $113,826,145
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006131700NAL0002086739001, received 2025-10-06
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006131700NAL0002086739001, received 2025-10-06
Plan terms are described in Cadence Design Systems, Inc.'s SEC filings: Form 10-K filed 2026-02-19. No term could be quoted from them with the required precision.
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251006131700NAL0002086739001, received 2025-10-06
| Field | Value | Source |
|---|---|---|
| Plan sponsor | CADENCE DESIGN SYSTEMS INC | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Plan name | CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Sponsor EIN / plan number | 77-0148231 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Sponsor location | SAN JOSE, CA | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Industry (business code) | 335900, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Filing received | 2025-10-06 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Participants, beginning of year | 5,784 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Active participants | 3,716 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Participants, end of year | 5,961 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Participants with an account balance | 5,890 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Total assets, beginning of year | $1,776,106,546 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Total assets, end of year | $2,092,078,532 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Net assets, end of year | $2,092,078,532 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Total income | $411,137,786 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Net income | $315,953,204 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Employer contributions | $21,734,041 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Participant contributions | $80,360,097 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Other contributions (incl. rollovers) | $11,732,007 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Total contributions | $113,826,145 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Benefit payments | $93,872,603 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Total expenses (incl. benefit payments) | $95,184,582 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Total administrative expenses | $991,577 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Recordkeeping fees | $209,961 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| IQPA audit fees | $40,950 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Investment advisory and management fees | $738,866 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Administrative expenses excluding investment management | $252,711 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Held in common/collective trusts | $1,317,213,674 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Held in mutual funds | $532,882,104 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251006131700NAL0002086739001, received 2025-10-06 |
| Independent auditor | BAKER TILLY US, LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20251006131700NAL0002086739001, received 2025-10-06 |
Position = column in the DOL layout for form year 2024. Filing 20251006131700NAL0002086739001, received 2025-10-06.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| EMPOWER ADVISORY GROUP, LLC | NONE | 28 Investment management; 26 Investment advisory (participants); 50 Direct payment from the plan | $738,866 | no |
| EMPOWER ANNUITY INSURANCE COMPANY Orecordkeeper | NONE | 15 Recordkeeping and information management; 37 Participant loan processing; 50 Direct payment from the plan; 64 Recordkeeping fees | $349,662 | yes |
| MOSS ADAMS LLP | NONE | 10 Accounting (including auditing) | $40,950 | no |
| FISHER INVESTMENTS | NONE | 71 Securities brokerage commissions and fees | $29,741 | no |
| WEIL ASSOCIATES INC | NONE | 71 Securities brokerage commissions and fees | $20,505 | no |
| GOLDEN STATE EQUITY PARTNERS | NONE | 71 Securities brokerage commissions and fees | $16,790 | no |
| IRONWOOD WEALTH MANAGEMENT LLC | NONE | 71 Securities brokerage commissions and fees | $15,823 | no |
| SAVANT CAPITAL LLC | NONE | 71 Securities brokerage commissions and fees | $15,140 | no |
| MONETA GROUP INVESTMENT ADVISO | NONE | 71 Securities brokerage commissions and fees | $13,965 | no |
| SIGNATUREFD LLC | NONE | 71 Securities brokerage commissions and fees | $13,253 | no |
| CHARLES SCHWAB & CO., INC | NONE | 26 Investment advisory (participants); 33 Securities brokerage; 50 Direct payment from the plan; 59 Shareholder servicing fees; 71 Securities brokerage commissions and fees | $10,567 | yes |
| ENVESTNET ASSET MANAGEMENT INC | NONE | 71 Securities brokerage commissions and fees | $5,876 | no |
| QDRO CONSULTANTS | NONE | 10 Accounting (including auditing); 16 Consulting (general); 50 Direct payment from the plan; 99 Other fees | $1,800 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251006131700NAL0002086739001, received 2025-10-06.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,776,106,546 | $2,092,078,532 | 17.8% |
| Participants with a balance | 5,696 | 5,890 | 3.4% |
| Administrative expenses | $1,012,296 | $991,577 | -2.0% |
| Recordkeeping fees per participant | $54.75 | $35.65 | -34.9% |
| Employer contributions | $20,994,951 | $21,734,041 | 3.5% |
Prior filing 20240910111841NAL0011446658001, received 2024-09-10; the plan years are contiguous.
Sponsor name as filed: CADENCE DESIGN SYSTEMS INC; SEC registrant: CADENCE DESIGN SYSTEMS INC (CIK 813672, matched by EIN; display name from the Form 10-K cover).