Cadence Design Systems Inc 401(k) Plan: Login, Facts & Contact Information

Cadence Design Systems Inc 401(k) Plan Facts

Plan name
CADENCE DESIGN SYSTEMS, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CADENCE DESIGN SYSTEMS INC
Participants
5,784 (3,716 active employees)
Former employees with a balance
2,089
Plan assets
$2,092,078,532 at Dec 31, 2024
Average account balance
$355,192 across 5,890 accounts
Employer contributions
$21,734,041 in plan year 2024 (19% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1984
✓ Employer contributions✓ Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 6, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $113.8 million went into the plan in contributions, $21.7 million of it from the employer (19%).
  • $93.9 million was paid out to participants.
  • Investment and other income added $297.3 million.
  • Administrative expenses were $991,577, about $168 per account.

How the Cadence Design Systems Inc 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20194,785$1.32 billion$14.3 million$76.6 million
20204,919$1.58 billion$17.0 million$70.0 million
20215,074$1.80 billion$17.9 million$114.6 million
20225,185$1.46 billion$18.1 million$103.3 million
20235,618$1.78 billion$21.0 million$87.0 million
20245,784$2.09 billion$21.7 million$93.9 million

Cadence Design Systems Inc 401(k) Contact Information

Phone
408-943-1234
Mailing address
2655 SEELY AVENUE BUILDING 5, SAN JOSE CA 95134
Plan sponsor
CADENCE DESIGN SYSTEMS INC
Employer identification number (EIN)
77-0148231
Plan number
001

Questions about the Cadence Design Systems Inc 401(k)

Does Cadence Design Systems Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $21.7 million, 19% of all contributions.

Does the Cadence Design Systems Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Cadence Design Systems Inc 401(k) plan?

5,784 participants at the start of plan year 2024, 3,716 of them active employees, and 2,089 former employees who still had money in the plan.

What is the average 401(k) balance at Cadence Design Systems Inc?

About $355,192 per account: $2.09 billion in plan assets across 5,890 accounts with a balance at the end of plan year 2024.

Who manages the Cadence Design Systems Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Cadence Design Systems Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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