Profit Sharing
2022 plan-year Profit Sharing DOL Form 5500

VODEC 403(B)

ERISA Form 5500 plan record drawn from DOL EBSA — verify with linked source filings below.

VOCATIONAL DEVELOPMENT CENTER, INC.

This Profit Sharing plan holds $3M in total assets and serves 273 participants as of 2022. It is sponsored by VOCATIONAL DEVELOPMENT CENTER, INC. in Iowa. The plan reported positive net income of $550K for the year.

Total Assets (2023)
$3M
Participants
273
State
Industry
Healthcare & Social Assistance

What the Filing Says About VODEC 403(B)

VODEC 403(B) is a Profit Sharing retirement plan sponsored by VOCATIONAL DEVELOPMENT CENTER, INC., headquartered in Iowa. As of the 2022 Form 5500 filing, the plan reports $3M in total end-of-year assets and covers 273 participants across the Healthcare & Social Assistance industry. The sponsor's EIN on file with the U.S. Department of Labor is 420939347, and the plan has been effective since 2009-01-01. Its filing status is currently FILING RECEIVED.

Year over year, total assets moved from $3M at the beginning of 2022 to $3M at year-end — a gain of 20.9%. Net assets (after liabilities) closed the year at $3M, with reported net income of $550K driven by investment returns, contributions received, and benefit payments during the period. These figures reflect what the plan administrator certified on Schedule H or Schedule I of the Form 5500 annual return and can be compared against 1 prior plan-year filing from the same sponsor shown below.

Asset totals and participant counts reflect a single plan year snapshot and can change materially with market conditions, plan mergers, or workforce changes. Fields such as "net income" include both realized investment performance and contribution/distribution flows — a single-year figure does not by itself indicate plan health or participant outcomes. This page summarizes public DOL disclosures for research and educational purposes only and is not retirement, tax, legal, or financial advice. Before making decisions about your own retirement benefits or evaluating an employer's plan, verify the underlying filing directly via the DOL EFAST2 system and consult a qualified professional.

Financial Summary (2023)

Total Assets (Beginning of Year)$3M
Total Assets (End of Year)$3M
Net Assets (End of Year)$3M
Net Income$550K
Plan TypeProfit Sharing
Employer EIN420939347
Plan Effective Date2009-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (VOCATIONAL DEVELOPMENT CENTER, INC.)

Year Plans Participants Total Assets
2022 1 273 $3M
2023 1 313 $4M

Nearby Profit Sharing Plans in Iowa

Peer Profit Sharing plans — same state, same plan type — ranked by total assets.

Frequently Asked Questions

How much money is in the VODEC 403(B)?
As of the 2022 Form 5500 filing, VODEC 403(B) holds $3M in total assets with 273 participants. It is sponsored by VOCATIONAL DEVELOPMENT CENTER, INC..
What type of plan is VODEC 403(B)?
VODEC 403(B) is a Profit Sharing plan. It has been effective since 2009-01-01. The plan is filed with the U.S. Department of Labor under EIN 420939347.
Who sponsors the VODEC 403(B)?
VODEC 403(B) is sponsored by VOCATIONAL DEVELOPMENT CENTER, INC., located in Iowa. The sponsor's EIN is 420939347 and the plan operates in the Healthcare & Social Assistance industry.
How did VODEC 403(B) perform in 2022?
VODEC 403(B) grew by 20.9% during 2022, moving from $3M to $3M in total assets. Net income was $550K.
Where can I find official filings for VODEC 403(B)?
Official Form 5500 filings for VODEC 403(B) are available through the U.S. Department of Labor's EFAST2 system. Search by EIN 420939347 or plan name at efast.dol.gov.
How does VODEC 403(B) compare to other plans?
You can compare VODEC 403(B) against other Profit Sharing plans on the plan type page, or view plans in Iowa on the state page. PlainRetire tracks the 5,000 largest retirement plans in the U.S. by total assets.

Explore PlainRetire

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) — original filing retrieval by EIN 420939347.

Reference: IRS Publication 560 — Retirement Plans for Small Business, contribution-limit rules.

Reference: IRS Publication 590-B — Distributions from IRAs, RMD rules under SECURE Act 2.0.

Data sourced from official public datasets. See our methodology for details.