CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Plan Overview & Key Metrics

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is a defined contribution retirement plan offered by CADENCE DESIGN SYSTEMS INC. Below is a snapshot of the plan’s financial health, participant activity, and employer generosity based on publicly filed data. Use these metrics to benchmark your own contributions and see how this plan compares to peers.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Total Retirement Plan Assets

At the end of 2024, the total retirement plan assets of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is $2,092,078,532.00.This plan was established in 1984.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Total Number of Retirement Plan Participants

At the end of 2024, the total number of retirement plan participants in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 5784

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.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is approximately $3,757.00
Investing in this additonal $3,757.00 for 20 years would give you extra $240,487.00, assuming a 10% annual return.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN allocates $21,734,041.00 to match its employees’ contributions, providing an employer match rate of 27.05% of their contributions

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Total Retirement Plan Asset Growth Rate

In 2024, the total retirement plan asset growth rate of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 17.79%.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Estimated Aggregate Retirement Account Investment Gain/Loss

In 2024, the estimated aggregate retirement account investment gain/loss for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 16.65%. This measures the effectiveness of the plan participants’ investments in the year.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN Expense Ratio

In 2024, the investment and administrative expense ratio of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 0.05%.

* Data are from public filings.

Plan Administrator & Contact

Need to reach the plan administrator, update beneficiaries, or request a distribution? Use the contact details below. If the plan uses an external recordkeeper (such as Fidelity, Vanguard, or Empower), their portal is typically the fastest way to manage your account day to day.

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Enrollment & Brokerage Features

The following features describe how CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN handles enrollment, default investments, and access to self-directed brokerage windows. Plans that offer auto-enrollment tend to have higher participation rates, and a brokerage window can give you access to investments beyond the plan’s core lineup.

CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN has the following features:
    Automatic Enrollment: It provides automatic enrollment with elective contributions deducted from payroll.
    Default Investments: It uses a default investment account for participants or employees who fail to direct assets in their account.
    Self-directed Brokerage: It allows participants or employees to allocate part or all of its account to a self directed brokereage account as an investment option.
Read More on CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

    What Should You Do Next?

    Your 401(k) is likely your single largest wealth-building tool. Here is how to make the most of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN:

    1. Contribute enough to capture the full employer match. This is free money — see the match details on the Contribution & Match page.
    2. Review your investment allocation. Make sure your mix of stocks, bonds, and other assets matches your age and risk tolerance. Check available investment options.
    3. Keep your beneficiary designations current. Life events (marriage, divorce, children) mean your beneficiary form may need updating.
    4. Increase contributions over time. Even a 1% annual bump can add tens of thousands to your retirement balance over a career.

    Use our 401(k) Savings Calculator to project how your current contribution rate translates into retirement wealth, or try the Asset Allocation Calculator to find an allocation that fits your risk profile.

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