Plan Snapshot
- Plan Sponsor: Tenstorrent Usa, INC.
- Sponsor EIN: 371882121
- Sponsor Address: 7717 SOUTHWEST PKWY, BLDG 3 STE 20, AUSTIN, TX, 78735
- Plan Type: 401(k)
- Total Participants: 350
- Total Assets: $21.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 350 | $21.9M | $3.1M | $5.8M |
| 2023 | 219 | $11.3M | $1.8M | $3.2M |
| 2022 | 102 | $4.3M | $845,396 | $1.6M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| FIDELITY WORKPLACE SERVICES, LLC | PLAN ADMINISTRATOR | $48,490 | — | $48,490 |
| GALLAGHER FIDUCIARY ADVISORS LLC | ADVISOR | $20,514 | — | $20,514 |
| MILLER KAPLAN ARASE LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- GALLAGHER FIDUCIARY ADVISORS LLC — ADVISOR
- MILLER KAPLAN ARASE LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $69,004
- Estimated Expense Ratio: 0.315% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $70,943 | $22,454 | $2,096 | — | — |
| 2023 | $542,346 | — | $29,389 | — | — |
| 2022 | $369,962 | — | $3,570 | — | — |