CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN

Plan Contact

  • Address: 2655 SEELY AVENUE BUILDING 5,SAN JOSE,CA
  • Contact person: CRYSTAL RUOCCHIO
  • Phone: (408) 943-1234

Plan General Information

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

At the end of 2023, the total retirement plan assets of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is $1,776,106,546.00.This plan was established in 1984.

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

At the end of 2023, the total number of retirement plan participants in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 5618

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

In 2023, the average participant retirement account value for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is $316,145.00

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

In 2023, the estimated average employee contribution amount per participant for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is $13,983.00.

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

In 2023, the estimated average employer match for an employee in CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is approximately $3,737.00
Investing in this additonal $3,737.00 for 20 years would give you extra $239,173.00, assuming a 10% annual return.

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

In 2023, CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN allocates $20,994,951.00 to match its employees' contributions, providing an employer match rate of 28.08% of their contributions

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

In 2023, the total retirement plan asset growth rate of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 21.47%.

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

In 2023, the estimated aggregate retirement account investment gain/loss for CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 20.10%. This measures the effectiveness of the plan participants' investments in the year.

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

In 2023, the investment and administrative expense ratio of CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN is 0.06%.

Enrollment Features

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.

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