# Tenstorrent Usa, INC. 401(k) Plan
Source: https://planprovider.pro/companies/tenstorrent-usa-inc-401k-plan

> Tenstorrent Usa, INC.'s 401(k) plan: 350 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/arthur-j-gallagher-and-co) — ADVISOR

- [MILLER KAPLAN ARASE LLP](https://planprovider.pro/provider/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|—|—|

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