Waddell & Reed

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 first-rate, flexible and affordable options.

Group Health Plan

BenefitDescription
Health InsuranceCompetitive health insurance options with comprehensive protection. Co-pay and deductible amounts and co-insurance policies depend on the plan and providers you choose. Prescription drug coverage is included.
Group Dental PlanAdvisors participating in the group health plan may participate in a comprehensive dental plan.
Group Vision PlanAdvisors enrolled in health insurance may participate in the group vision plan.
Employee Assistance Program Confidential, short-term counseling and referral service made available and paid in full by Waddell & Reed.
Group Life InsuranceProvides a benefit to your beneficiary if you die while an active advisor.
Net Asset Value Investment ProgramPurchase shares in our affiliated fund families at net asset value (NAV).
Simplified Employee Pension PlanInvest at NAV in Waddell & Reed Advisors and Ivy Funds through a Simplified Employee Pension Plan (SEP IRA).
Benefits for Field Leaders
  • Cafeteria Plan
  • 401(k) and Thrift Plan
  • Long-Term Disability*
  • Retirement Income Pension Plan

*Regional Vice President, Complex Managing Principal, Managing Principal and Associate Managing Principal only.


Group Dental Plan

Broad coverage, low-deductible plan, from preventative to major restorative.

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

Benefits directly related to earnings.

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.