Plan Ledger DOL Form 5500 · updated monthly

Duolingo, Inc.401(k)

DUOLINGO RETIREMENT TRUST · PITTSBURGH, PA · plan year 2025

Reported admin expense ratio · 2025
0.14%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Duolingo, Inc. reported $163,552 in plan administrative expenses for 2025: 0.14% of average plan assets, above the peer median. Employer contributions averaged $9,909 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio rose from 0.13% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 605 comparable plans and shown alongside other professional & technical services employers. By assets it is the 381st-largest of 3,651 plans among Pennsylvania employers on file, and the 1,137th of 11,654 in professional & technical services. In 2025, employees put in $1.89 for every $1.00 the employer contributed; active participation has grown from 604 to 836 since 2022.

Plan summary
Net assets, end of year$136,883,162
Participants with balances1,085
Active participants836
Employer contributions$8,284,327
Employee contributions$15,680,254
Employer contribution per active participant$9,909
Average account balance$126,160
Benefits paid to participants$4,150,088
Plan auditUnmodified (clean) audit opinion
AuditorLOUIS PLUNG & COMPANY, LLP
Plan history4
Yearassets · accounts · employer contribution
2025$136.9M · 1,085 accts · $8.3M emplr
2024$94.4M · 954 accts · $6.9M emplr
2023$65.1M · 830 accts · $5.9M emplr
2022$40.1M · 720 accts · $4.7M emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$5,545
Investment management$158,007
Total administrative$163,552
The Duolingo, Inc. 401(k) match · 2025
Employer contribution per active participant$9,909
Median for plans this size$4,093
2025$9,909 per active participant
2024$8,986 per active participant
2023$8,940 per active participant
2022$7,703 per active participant

Duolingo, Inc.'s 2025 employer contribution ran above the $4,093 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20253
M2B RETIREMENT CONSULTING LLC · Contract administrator$17,649
ASSURED PARTNERS CAPITAL INC · Investment advisory (plan)$11,997

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$163,552 · 0.14%
2024$124,614 · 0.16%
2023$80,170 · 0.15%
2022$49,460 · 0.13%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Dentons Cohen & Grigsby P.C. PA$150.7M · 0.32%
Ashfield Healthcare, LLC PA$139.8M · 0.35%
Ashfield Healthcare Comm. PA$134.2M · 0.19%
Huntsworth Group, Inc. PA$132.9M · 0.16%
Aurora Operations, Inc. PA$131.6M · 0.01%
Minitab, LLC PA$129.8M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453055872 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.