Cadence Design Systems Inc401(k)
CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN · SAN JOSE, CA · plan year 2024
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Cadence Design Systems Inc reported $991,577 in plan administrative expenses for 2024: 0.05% of average plan assets, above the peer median. Employer contributions averaged $5,849 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.06% to 0.05%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 71st-largest of 9,483 plans among California employers on file, and the 163rd of 13,661 in manufacturing. In 2024, employees put in $3.70 for every $1.00 the employer contributed.
Cadence Design Systems Inc's 2024 employer contribution ran above the $5,259 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Cadence Design Systems Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
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Source: U.S. Department of Labor, Form 5500 series, EIN 770148231 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.