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SUMMARY PLAN DESCRIPTION and PROSPECTUS WADDELL & REED FINANCIAL, INC. 401(k) AND THRIFT PLAN CLASS A COMMON STOCK Par Value $0.01 Per Share This Prospectus and summary plan description relates to

How to fill out summary plan description and

How to fill out a summary plan description:

1. Start by gathering all relevant information about the plan. This includes details about the plan's benefits, eligibility requirements, contribution limits, and any other important features.
2. Read through the existing summary plan description (SPD) to understand its structure and content. This will help you identify any missing or outdated information that needs to be updated.
3. Review the plan documents, such as the plan's official terms and conditions, as they provide the necessary information to accurately complete the SPD.
4. Begin drafting the summary plan description by providing a clear and concise overview of the plan. This should include a brief introduction, stating the purpose and scope of the plan.
5. Include detailed sections on eligibility requirements, including information on who is eligible to participate in the plan, any waiting periods, and how eligibility is maintained or lost.
6. Next, outline the plan's benefits, including any retirement or pension options, healthcare coverage, or other perks offered. Be sure to include information on how these benefits are calculated and distributed.
7. Provide instructions on how employees can contribute to the plan, including information on contribution limits, matching contributions, and any applicable vesting schedules.
8. Detail any withdrawal or distribution options available to plan participants, such as rollovers, lump sum distributions, or annuity options.
9. Include a section on plan administration, explaining how the plan is managed, who the key contacts are, and how participants can access more information or resolve any issues.
10. Finally, review and proofread the summary plan description for accuracy and clarity before distributing it to plan participants.

Who needs a summary plan description:

1. Employers: Employers who provide employee benefit plans, such as retirement or healthcare plans, are required by law to have a summary plan description. This document informs employees about their benefits, rights, and obligations under the plan.
2. Plan Participants: Employees who are eligible to participate in a benefit plan should receive a summary plan description. It helps them understand the features, benefits, and rules of the plan they are enrolled in, enabling them to make informed decisions about their benefits and retirement planning.
3. Regulatory Agencies: Government agencies, such as the Department of Labor, may require employers to submit the summary plan description for review to ensure compliance with applicable laws and regulations.

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What is summary plan description and?

Summary plan description is a document that provides information about the employee benefit plans offered by an employer.

Who is required to file summary plan description and?

Employers offering employee benefit plans are required to file summary plan descriptions.

How to fill out summary plan description and?

Summary plan descriptions can be filled out by providing detailed information about the employee benefit plans offered.

What is the purpose of summary plan description and?

The purpose of summary plan description is to communicate important information about employee benefit plans to plan participants.

What information must be reported on summary plan description and?

Summary plan descriptions must include details about plan eligibility, benefits, contributions, and how to file claims.