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 Plan
A broad coverage PPO plan, the group health plan covers things from routine office visits
to hospitalization and includes prescription coverage. Premium amount is partially
subsidized by the company.
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.