Waddell & Reed


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.

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Peace of mind comes from knowing you are well covered. Waddell & Reed offers a full range of benefits to ensure that you and your loved ones maintain good health and well-being. At Waddell & Reed you're not just a "producer," you're part of our family.