Cadence Design Systems Employee Benefit: 401K Plan | Glassdoor

Cadence Design Systems 401K Plan

Updated Jan 13, 2015

79 employees reported this benefit


Employer Summary

This long-term savings and investment program allows you to set aside 1% to 100% of your eligible earnings (up to the IRS maximum) on a pre-tax and/or Roth 401(k) after-tax basis and invest in a broad array of funds. Each pay period, Cadence matches $0.50 for every dollar you contribute up to 6% of your eligible earnings.

Plan features include loans, online investment advice, professional account management, automatic investment rebalancing, automatic contribution increases, and a diverse selection of investment options including mutual funds, target retirement date funds, and a self-directed brokerage account.

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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 42
  • May 03, 2018
    StarStarStarStarStar Former Employee in San Jose, California

    company contribution with reasonable vesting and ESPP options

  • Mar 28, 2018
    StarStarStarStarStar Current Employee in San Jose, California

    Matching percentage could be higher.

  • Nov 16, 2017
    StarStarStarStarStar Current Principal Applications En in Cary, North Carolina

    50% match up to first 6% of salary contributed for a max of 3% of salary matching. Excellent options available in the funds, including a brokerage option to invest in individual stocks.

  • Nov 02, 2017
    StarStarStarStarStar Current Sr. Software Engineer in San Jose, California

    Pretty standard benefit plans but much better than smaller comapnies

  • Sep 25, 2017
    StarStarStarStarStar Former HR Business Partner in San Jose, California

    EmPower is easy to use and the yield of return is very good

  • Aug 10, 2017
    StarStarStarStarStar Current Employee in Minneapolis, Minnesota

    Offer the option for a self directed 401K.

  • Jul 10, 2017
    StarStarStarStarStar Current Employee in San Jose, California

    the company matches an equal percentage with the amount you specify

  • Jul 05, 2017
    StarStarStarStarStar Current Employee in San Jose, California

    good matching with the employee contribution. Competitive with market.

  • Jun 06, 2017
    StarStarStarStarStar Current Employee in San Jose, California

    No option to manage your own money. The 401K account also don't allow access for viewing in financial software such as Mint.

  • May 18, 2017
    StarStarStarStarStar Current Senior Director in San Jose, California

    1/2 match up to 6%

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