W&R Florida IBC 403(b) Plan

Welcome to Waddell & Reed

The Independent Benefits Council (IBC), comprised of the four major education groups in Florida, has selected Waddell & Reed as a Best In Class vendor to provide investment products and servicing for your 403(b) retirement plan.

Waddell & Reed, Inc. is proud to provide you the Waddell & Reed Advisors 403(b) Retirement Plan, through a strategic alliance with Advanced Pension Solutions and Nationwide Financial. Two companies known nationally for their superior customer service – Waddell & Reed and Nationwide – announced their alliance to the public in October, 2000. The alliance combines Waddell & Reed’s strong national distribution system with Nationwide’s innovative product design, creating a win-win situation for our employer-sponsored plan clients and their plan participants.

Congratulations! You have the opportunity to make a real difference in your retirement future as your school district has approved the new Independent Benefits Council of Florida 403(b) Model Plan. 403(b) Plans allow you the double benefit of investing your personal pretax salary contributions while reducing your current taxable income. Contributions into the Plan let you delay paying taxes because the earnings in the account grow tax-deferred; income taxes are not paid until you begin making withdrawals.

About Waddell & Reed

At Waddell & Reed, our vision is to help you work toward achieving your financial aspirations. For over 70 years, we have been committed to helping investors develop and work toward financial goals designed to help them realize their life’s dreams. We do this by providing personal, comprehensive financial planning and solid investment and insurance products delivered to you by skilled, well-trained financial advisors.

Waddell & Reed Mutual Funds at Top of Barron’s List

Waddell & Reed Advisors Funds and Ivy Funds are again featured prominently in the list of "Best Mutual Fund Families in a Bruising Year," an annual ranking of the best fund families published by Barron's.

Waddell & Reed Mutual Funds Receive Two Top Lipper Awards

The Waddell & Reed Advisors Funds were named Best Overall Fund Family in the small firm category (those with $28 billion or less in total assets) for the second year in a row.

Your Waddell & Reed Advisor will help you:

Enroll in the plan.
Select Investments that will help meet your financial goals.
Choose the right amount to invest and prepare a report that will detail how your contribution will affect your paycheck.
Review your investments as needed and help you make adjustments based on any life changing events.
Manage your plan assets when you retire and assist in rolling over your account.

The Waddell & Reed Advisors Retirement Plan is sponsored by Nationwide Trust Company, FSB-Columbus, Ohio. Nationwide Trust Company, FSB is a subsidiary of Nationwide Financial Services, Inc. Waddell & Reed is not related or affiliated with Nationwide Trust Company, FSB or any of its affiliates.

Investors should consider the investment objectives, risks, charges and expenses of a fund carefully before investing. For a prospectus containing this and other information for the mutual funds offered by Waddell & Reed, call your financial advisor or visit us online at www.waddell.com. Please read the prospectus carefully before investing.

Please remember that investing in a qualified retirement plan involves market risk, including the possible loss of principle. Withdrawals prior to age 59 ½ may be subject to a 10% penalty, and will involve the payment of federal or state taxes.

Past performance is no guarantee of future results. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Barron's 2.02.09. For the period ending 12.31.08, Ivy Funds ranked 9 out of 59 firms based on asset weighted return. Over the most recent 5 and 10 year periods, Ivy Funds ranked 3 out of 53 firms and 19 out of 48 firms respectively. Waddell & Reed ranked 5 and 7 out of 59 and 48 firms for the 1 and 10 yr periods, respectively. Rankings based on asset-weighted returns across five asset types: domestic equity, world equity, mixed equity, taxable bonds and tax-exempt funds. Sales charges are not included in the returns. In addition, the ranking period included time periods during which some funds' returns were affected by expense reduction arrangements. Please visit our web site for more information.