What is CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN's employer match?

In 2024, CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN reported $21,734,041 in employer contributions. That is about 27.0% of reported employee contributions.

How many participants are in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN?

At the end of 2024, CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN reported 5,784 plan participants.

What are CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN's total assets?

At the end of 2024, CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN reported total plan assets of $2,092,078,532.

When was CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN established?

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN was established in 1984.

What are the investment options in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN?

MyPlanIQ tracks the investment lineup for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN on its investment options page: https://www.myplaniq.com/invest/planinvestments/cadence-design-systems-inc-401k-plan/

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CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

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Contribution & Savings

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is $361,700.00

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is $14,802.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
947,328.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 14,802.00 in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN, assuming a 10%* annual return.

2023 & 2024 401(k) contribution limits by IRS

	Pretax and roth employee contributions	Employee and employer contributions combined	Catch-up contributions (in addition to the employee and employer combined limit, age 50 and over)
401(k) contribution limit for 2023	$22,500	$66,000	$7,500
401(k) contribution limit for 2024	$23,000	$69,000	$7,500

$1,440,056: this is the amount you will have saved 20 years later if you contribute the maximum of $22,500 annually for 20 years, assuming a 10%* annual return.

$4,224,165: for those who can maximize employee and employer annual $66,000 contributions for 20 years, assuming a 10%* annual return, you will be 3 times richer!

Use the 401(k) Savings Calculator to determine how much your contributions will accumulate over time.

Keep researching CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

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