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Original filing (PDF)20250722065449NAL0001075667001
DUOLINGO, INC.
Form 5500
FILING_RECEIVED
DUOLINGO RETIREMENT TRUST
401(k) retirement plan
Active participants
772
Accounts w/ balance
954
Plan assets (EOY)
$94.4M
Net assets (EOY)
$94.4M
How this plan invests
This plan
1 pooled trust
Schedule D
31 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
100
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
100
Vendor stack
100
Participation health
100
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for DUOLINGO, INC..
Plan sponsor
Name
DUOLINGO, INC.
EIN
45-3055872
Address
5900 PENN AVENUE · PITTSBURGH, PA · 15206
Phone
(412) 567-6602
Industry
Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
001
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-07-22
Pension benefit codes
2E · Profit-sharing
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2J · 401(k) feature
2K · 401(m) arrangement
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
2S · Automatic enrollment
Audit & trust (Schedule H)
Auditor
LOUIS PLUNG & COMPANY, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
4 rowsRecordkeeper
2| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $99K | — |
| EMPOWER FINANCIAL SERVICES, INC. | — | GREENWOOD VILLAGE, CO | RECORDKEEPER | $25 | — |
Advisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| ASSURED PARTNERS CAPITAL INC | — | LAKE MARY, FL | INVESTMENT ADVISR | $12K | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| M2B RETIREMENT CONSULTING LLC | — | WEXFORD, PA | CONTRACT ADMIN | $16K | — |
Investments
30 direct securities · 1 pooled fund· $93.6M(99% of reported assets)
Rows tagged as a trust or pooled fund hold many underlying securities. Click one to drill into its own Schedule of Assets — where the individual funds, shares, and CUSIPs live.
Uncategorized
$93.4M
30 holdings
Common Collective Trust
$270K
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| Empower Trust Company, LLC Vanguard Target Retirement 2060 Inv | — | — | — | $18.6M | 19.7% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2055 Inv | — | — | — | $17.8M | 18.8% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2050 Inv | — | — | — | $13.1M | 13.9% | |
| Empower Trust Company, LLC iShares S&P 500 Index K | — | — | — | $11.8M | 12.5% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2045 Inv | — | — | — | $8.3M | 8.7% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2065 Inv | — | — | — | $6.4M | 6.7% | |
| Empower Trust Company, LLC JP Morgan Chase Large Cap Growth R6 | — | — | — | $2.9M | 3.1% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2040 Inv | — | — | — | $2.9M | 3.1% | |
| Empower Trust Company, LLC Vanguard Small Cap Index Adm | — | — | — | $1.8M | 1.9% | |
| Empower Trust Company, LLC Vanguard Mid Cap Index Fund- Admiral | — | — | — | $1.5M | 1.6% | |
| Empower Trust Company, LLC Vanguard Developed Markets Index Admiral | — | — | — | $1.3M | 1.3% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2035 Inv | — | — | — | $1.1M | 1.2% | |
| Empower Trust Company, LLC Vanguard Equity-Income Adm | — | — | — | $987K | 1.0% | |
| Empower Trust Company, LLC Fidelity Advisor Total Bond Z | — | — | — | $837K | 0.9% | |
| Empower Trust Company, LLC American Funds New Perspective R6 | — | — | — | $737K | 0.8% | |
| Empower Trust Company, LLC Fidelity Emerging Markets Index | — | — | — | $651K | 0.7% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2030 Inv | — | — | — | $543K | 0.6% | |
| Empower Trust Company, LLC American Funds Europacific GR R6 | — | — | — | $340K | 0.4% | |
| Empower Trust Company, LLC Janus Henderson Triton N | — | — | — | $303K | 0.3% | |
| Empower Trust Company, LLC Cohen & Steers Realty Shares | — | — | — | $295K | 0.3% | |
| PUTNAM STABLE VALUE FUND PUTNAM INVESTMENTS · EIN 04-3159710 / PN 202 | Common Collective Trust | — | — | $270K | 0.3% | |
| Empower Trust Company, LLC PIMCO Int Bond (USD-Hedged) Inst | — | — | — | $187K | 0.2% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2025 Inv | — | — | — | $160K | 0.2% | |
| Empower Trust Company, LLC Vanguard Target Retirement 2020 Inv | — | — | — | $157K | 0.2% | |
| Empower Trust Company, LLC American Funds American Balanced R6 | — | — | — | $154K | 0.2% | |
| Empower Trust Company, LLC Empower T. Rowe Price Mid Cap GR Inst | — | — | — | $132K | 0.1% | |
| Empower Trust Company, LLC American Century Government Bond R5 | — | — | — | $121K | 0.1% | |
| Empower Trust Company, LLC Allspring Special Small Cap Value Inst | — | — | — | $117K | 0.1% | |
| Empower Trust Company, LLC Allspring Special Mid Cap Value Inst | — | — | — | $91K | <0.1% | |
| Empower Trust Company, LLC Self Directed Brokerage Account | — | — | — | $24K | <0.1% | |
| Empower Trust Company, LLC PGIM High Yield Z | — | — | — | $24K | <0.1% |