Plan Snapshot
- Plan Sponsor: Duolingo, INC.
- Sponsor EIN: 453055872
- Sponsor Address: 5900 PENN AVENUE, PITTSBURGH, PA, 15206
- Plan Type: 401(k)
- Total Participants: 772
- Total Assets: $94.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 772 | $94.4M | $6.9M | $13.1M |
| 2023 | 663 | $65.1M | $5.9M | $11.1M |
| 2022 | 604 | $40.1M | $4.7M | $8.4M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $98,524 | — | $98,524 |
| M2B RETIREMENT CONSULTING LLC | Other Service Provider | $15,772 | — | $15,772 |
| ASSURED PARTNERS CAPITAL INC | Investment Advisor | $11,998 | — | $11,998 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,294
- Estimated Expense Ratio: 0.134% 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 | $124,614 | $118,334 | $6,280 | — | — |
| 2023 | $80,170 | $76,095 | $4,075 | — | — |
| 2022 | $49,460 | — | $49,460 | — | — |