401(k) · DOL Form 5500 · 2024

Duolingo, Inc. 401(k) Plan

Data updated 2026-08-25

$94M
Total assets Below avg plan size
666
Participants Below avg headcount
90th
Percentile by assets National rank
$141,732
Avg per participant Near avg balance/head
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Official DOL plan name: Duolingo Retirement Trust · Sponsored by Duolingo, Inc. · Pennsylvania · Professional & Technical Services

$94M in assets, 666 participants

Duolingo, Inc.'s Duolingo Retirement Trust reported $94M in total assets and 666 participants in its 2024 DOL Form 5500 filing, ranking in the 90th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #18,377 in Professional & Technical Services (20,173 peers)

Where Duolingo Retirement Trust sits by assets

Duolingo Retirement Trust sits in the top 10% of all filed plans by assets, $94M for 666 participants (~$141,732/participant), up 45.0% in 2024.

#18,377
in Professional & Technical Services (20,173 peers)
+45.0%
assets growth YoY
0.9×
vs typical plan assets (national mean)

Duolingo Retirement Trust's outsized position by total assets

Duolingo Retirement Trust vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$94,393,539 Top 10% higher than 90% of 123,620 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024

Duolingo Retirement Trust among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Duolingo Retirement Trust sits mid-pack in the medium band (666 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Duolingo Retirement Trust end-of-year assets rose from $65M in the plan year 2023 filing to $94M in the plan year 2024 filing.
  • Duolingo Retirement Trust reported net income rose from $25M in the plan year 2023 filing to $29M in the plan year 2024 filing.
  • Duolingo Retirement Trust reported participants rose from 606 in the plan year 2023 filing to 666 in the plan year 2024 filing.

See the national 2023→2024 release diff →

EBSA filing schedule strip

Filing strip 453055872 · Duolingo, Inc. PY 2024 · 401(k)

Duolingo Retirement Trust · $94M · 666 · 90th

  • EIN $94M
  • EIN 666
  • EIN 90th
  • EIN 401(k)
  • EIN near Central Employees Savings Plan
  • EIN ind #18377

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Professional & Technical Services retirement plans → · Plans in Pennsylvania →

Duolingo Retirement Trust in the asset neighbourhood

Central Employees Savings PlanCentral Employees Savings Pl…$94MDuolingo Retirement Trust$94MWiley & Wilson, Inc. Employee Stock Ownership and Savings PlanWiley & Wilson, Inc. Employe…$94MChapman Automotive Group 401(k) Plan and TrustChapman Automotive Group 401…$94MC.W. Matthews Contracting Company, Inc. 401(k) PlanC.W. Matthews Contracting Co…$94M
End-of-year total assets ($M) among Duolingo Retirement Trust and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$65M
Net Assets (End of Year)$94M
Net Income$29M
Employer EIN453055872
Plan Effective Date2014-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Duolingo, Inc.)

Sponsor-wide plan assets over time

All Duolingo, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$94M 135.2357566276666% vs 2022
2024 filing year
$20M$40M$60M$80M$100M 202220232024 $40.1M $94.4M ▲ +135.2%
Year Plans Participants Total Assets
2022 1 466 $40M
2023 1 606 $65M
2024 1 666 $94M

Nearby 401(k) Plans in Pennsylvania

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Duolingo Retirement Trust vs. nearby 401(k) plans in Pennsylvania, assets vs. participants Scatter plot of 6 data points. -20000020000400006000080000100000 -50510152025 Total assets ($B) Participants Duolingo Retirement Trust, Total assets ($B): 0.094393539 · Participants: 666Duolingo Retirement TrustComcast Corporation Retirement - Investment Plan, Total assets ($B): 19.687957793 · Participants: 90495Comcast Corporation Retirement - Investment PlanThe Cigna Group 401(k) Plan, Total assets ($B): 14.20308608 · Participants: 63634The Cigna Group 401(k) PlanThe Vanguard Retirement and Savings Plan, Total assets ($B): 11.084818612 · Participants: 18066The Vanguard Retirement and Savings PlanThermo Fisher Scientific Inc. 401(k) Retirement Plan, Total assets ($B): 10.263366209 · Participants: 36150Thermo Fisher Scientific Inc. 401(k) Retirement PlanThe PNC Financial Services Group, Inc. Incentive Savings Plan, Total assets ($B): 10.189629 · Participants: 54604The PNC Financial Services Group, Inc. Incentive Savings Plan
Duolingo Retirement Trust vs. nearby 401(k) plans in Pennsylvania, assets vs. participants

Duolingo Retirement Trust's out-of-state 401(k) peers by assets and headcount

Outside Pennsylvania, the nearest 401(k) by assets is Central Employees Savings Plan in MI ($94M); by covered participants it is Maniilaq Association 401(k) Safe Harbor Profit Sharing Plan in AK (666 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (666 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Duolingo Retirement Trust assets move in 2024?
Duolingo Retirement Trust surged - up 45.0% during 2024, from $65M to $94M. Reported net income was $29M.
How have Duolingo, Inc. plan assets changed over time?
Across 3 plan years on file (2022-2024), Duolingo, Inc.'s sponsor-wide assets grew 135.2%, from $40M to $94M.
Where does Duolingo Retirement Trust rank by assets among Form 5500 filers?
Duolingo Retirement Trust ranks in the 90th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top 10% of all filed plans by assets).
Which 401(k) plans are similar in size to Duolingo Retirement Trust?
Among 401(k) plans in other states, the closest by assets is Central Employees Savings Plan in MI ($94M, 5,923 participants).
Which 401(k) plans cover a similar participant headcount to Duolingo Retirement Trust?
Among 401(k) plans in other states, the closest by covered participants is Maniilaq Association 401(k) Safe Harbor Profit Sharing Plan in AK (666 participants, $44M in assets).