2023 Form 5500 filing — Duolingo Retirement Trust
Plain-English filing summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, this is the 2023 Form 5500 filing (EFAST2 acknowledgement 20240718074547NAL0009120112001) for Duolingo Retirement Trust, reported by Duolingo, Inc. under EIN 45-3055872 and plan number 001. It reports 747 participants. Attached schedules in the loaded dataset include Schedule H (large plan financials), Schedule C (service provider compensation).
- EFAST2 acknowledgement
- 20240718074547NAL0009120112001
- Filing year
- 2023
- Form type
- 2
- Plan sponsor
- Duolingo, Inc.
- EIN
- 45-3055872
- Plan number
- 001
- Location
- Pittsburgh, PA
- Participants
- 747
- Schedules available
- Schedule H, Schedule C
- Received date
- not reported in the loaded dataset
Reported financial snapshot (2023)
- Total assets (EOY)
- $65,100,899
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $65,100,899
- Employer contributions
- $5,927,125
- Participant contributions
- $11,108,757
- Total income / additions
- $28,068,328
- Benefits paid
- $3,014,466
- Administrative expenses
- $80,170
- Total expenses
- $3,094,636
- Net increase / (decrease)
- $24,973,692
- Schedule source
- Schedule H
Reported service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. |
|---|---|---|---|
| Great-West Life & Annuity Ins Co | RECORDKEEPER | $60,663 | $0 |
| M2b Retirement Consulting LLC | CONTRACT ADMIN | $14,190 | not reported in the loaded dataset |
| Assured Partners Capital Inc | INVESTMENT ADVISR | $7,090 | not reported in the loaded dataset |
| Gwfs Equities Inc | RECORDKEEPER | $50 | $0 |