Benefits

At Waddell & Reed, we understand that benefits are an integral part of a total rewards program and ensure a solid foundation on which to build your future. To support that notion, we offer a competitive and comprehensive benefit package aimed at delivering a first-rate and flexible array of options at an affordable cost.

Group Health Insurance

Our group health plan offers comprehensive protection for you and your family. Your co-pays, deductibles and co-insurance depend on the plan and providers you choose. A prescription drug program and dental coverage are included in the plan. The cost of this benefit is subsidized by Waddell & Reed based on your calendar year gross production.

Simplified Employee Pension Plan

As a Waddell & Reed advisor, you are eligible to open and invest in a Simplified Employee Pension Plan (SEP) at NAV.

Group Life Insurance

This plan provides a benefit to your beneficiary in the event you die while an active advisor. The cost of this benefit is subsidized by Waddell & Reed based on your calendar year gross production.

Net Asset Value Investment Program

This program enables you and your immediate family to purchase shares in our affiliated fund families, Waddell & Reed Advisors Funds and Ivy Funds at NAV.

401(k) and Thrift Plan
(Field Leadership only)

This plan provides savings opportunities on both a pre-tax 401(k) basis and an after-tax thrift basis. Waddell & Reed's match on 401(k) contributions is 100% on the first 3% of eligible earnings; 50% on the next 2% of eligible earnings. You are 100% vested upon entering this plan.

Retirement Income Pension Plan
(Field Leadership only)

This plan, funded by Waddell & Reed, is designed to provide you with retirement income in the form of a monthly benefit or a lump sum distribution. This plan has cliff-vesting at five years of eligible service.

Long-Term Disability Plan
(Regional Vice Presidents and Managing Principals only)

This plan provides income protection in the event of a disabling illness or injury. The cost is paid by Waddell & Reed.

Cafeteria Plan
(Field Leadership only)

Under the Cafeteria Plan, we offer a program that allows you to pay your group health plan premium with pre-tax earnings. You may also direct a portion of your salary, on a pre-tax basis, into accounts that you can use to pay for out-of-pocket health care or dependent daycare expenses.