UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
Annual report pursuant to Section 15(d) of the Securities
Exchange Act of 1934
For the fiscal year ended December 31, 2005
Commission file number 001-13913
WADDELL & REED
FINANCIAL, INC.
401(K) AND THRIFT PLAN
(Full title of the Plan)
WADDELL & REED
FINANCIAL, INC.
6300 Lamar Avenue
Overland Park, Kansas 66202
913-236-2000
(Name of issuer of securities held pursuant to the Plan)
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Financial Statements and Schedule
December 31, 2005 and 2004
(With Report of Independent Registered Public Accounting Firm Thereon)
Report of Independent Registered Public Accounting Firm
The Plan Administrators
Waddell & Reed Financial, Inc.
401(k) and Thrift Plan:
We have audited the accompanying statements of net assets available for benefits of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan (the “Plan”) as of December 31, 2005 and 2004, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan as of December 31, 2005 and 2004, and the changes in its net assets available for benefits for the years then ended, in conformity with U.S. generally accepted accounting principles.
Our audits were made for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplementary information included in Schedule 1 is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplementary schedule is the responsibility of the Plan’s management. The supplementary schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated, in all material respects, in relation to the basic financial statements taken as a whole.
/s/ KPMG LLP
Kansas
City, Missouri
May 26, 2006
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Statements of Net Assets Available for Benefits
December 31, 2005 and 2004
|
|
|
2005 |
|
2004 |
|
|
|
Investments (note 3) |
|
$ |
88,802,790 |
|
84,423,239 |
|
|
Contributions receivable from participants |
|
183,961 |
|
183,319 |
|
|
|
Contributions receivable from participating employers |
|
242,009 |
|
73,330 |
|
|
|
Net assets available for benefits |
|
$ |
89,228,760 |
|
84,679,888 |
|
See accompanying notes to financial statements.
2
WADDELL & REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2005 and 2004
|
|
|
2005 |
|
2004 |
|
|
|
Investment income: |
|
|
|
|
|
|
|
Dividends—stock |
|
$ |
215,527 |
|
224,156 |
|
|
Dividends—mutual funds |
|
2,719,350 |
|
768,040 |
|
|
|
Net appreciation of investments (note 3) |
|
5,169,305 |
|
7,447,403 |
|
|
|
Investment income |
|
8,104,182 |
|
8,439,599 |
|
|
|
|
|
|
|
|
|
|
|
Contributions (note 4): |
|
|
|
|
|
|
|
Participants |
|
6,286,310 |
|
5,840,395 |
|
|
|
Employers |
|
2,879,179 |
|
2,605,752 |
|
|
|
Participant rollovers |
|
209,762 |
|
341,052 |
|
|
|
Total contributions |
|
9,375,251 |
|
8,787,199 |
|
|
|
Benefits paid to participants |
|
(12,930,561 |
) |
(7,155,608 |
) |
|
|
Net increase |
|
4,548,872 |
|
10,071,190 |
|
|
|
Net assets available for benefits: |
|
|
|
|
|
|
|
Beginning of year |
|
84,679,888 |
|
74,608,698 |
|
|
|
End of year |
|
$ |
89,228,760 |
|
84,679,888 |
|
See accompanying notes to financial statements.
3
WADDELL & REED
FINANCIAL, INC.
401(k) AND THRIFT PLAN
Notes to Financial Statements
(1) Description of Plan
The following brief description of the Waddell & Reed Financial, Inc. 401(k) and Thrift Plan (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan agreement for more complete information.
(a) General
The Plan is a defined contribution plan covering substantially all employees of Waddell & Reed Financial, Inc. and subsidiaries who have twelve months of consecutive service and no less than 1,000 hours of service for Waddell & Reed Financial, Inc. or a subsidiary. The Plan complies with the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”). Plan administration is accomplished through a committee of three persons who have authority to arbitrate disputes and settle claims arising under the Plan.
(b) Contributions
Participants are allowed to make yearly pre-tax and after-tax contributions not to exceed a maximum of 92% of eligible earnings to the Plan. Each eligible participant is allowed to make “matched contributions” ranging from 1% to 5% of eligible earnings to the 401(k) component of the Plan. The Plan also provides for a matching employer contribution of 100% of the first 3% of the participant’s contribution and a 50% match of the next 2% of the participant’s contribution. Participants can make “unmatched contributions” to the 401(k) component of the Plan not to exceed eligible earnings less required social security tax withholdings. Each eligible participant can make “unmatched contributions” ranging from 1% to 6% of eligible earnings to the thrift component (after-tax) of the Plan.
Participants direct the investment of employee and employer matching contributions among investment options available under the Plan.
(c) Participant Accounts
Each participant’s account is credited with their contribution, the employer’s matching contribution, and Plan earnings on their employee and employer account balances. The benefit to which a participant is entitled is the benefit that can be provided from their vested account.
(d) Vesting
Participants vest immediately in their contributions plus actual earnings thereon. Prior to January 1, 1999, vesting in employer contributions was graduated to 100% after six years of employment. Effective January 1, 1999, all future employer matching contributions are fully vested at the time of the contribution. All employer contributions made for active participants prior to January 1, 1999 are now fully vested.
4
(e) Participant Loans
Participant loans are not permitted under the Plan document.
(f) Payment of Benefits
On termination of service due to death, disability or retirement, a participant is paid in a joint and 50% survivor annuity, unless the participant chooses a lump-sum distribution. The nonvested portion of employer contributions made prior to January 1, 1999 is retained by the Plan until the separated participant incurs a “break in service,” at which time the remaining account balance is forfeited. For termination of service for any other reason, a participant may receive the value of the vested interest in his or her account as a lump-sum distribution.
(g) Forfeited Accounts
For the year ended December 31, 2005 and 2004, forfeited nonvested accounts totaled $921 and $4,906, respectively. These forfeitures were used to reduce the employer contributions and expenses for the current year.
(2) Summary of Significant Accounting Policies
(a) Basis of Presentation
The accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America and present the net assets available for benefits and changes in those net assets of the Plan.
The Plan allows contributions to be invested in Waddell & Reed Financial, Inc. Class A common stock and certain mutual fund shares of (i) the Waddell & Reed Advisors Group of Mutual Funds and (ii) Ivy Funds, Inc. and the Ivy Funds trust (collectively, the “Ivy Funds”). Waddell and Reed Investment Management Company, a participating employer in the Plan, and Ivy Investment Management Company (formerly Waddell & Reed Ivy Investment Company) manage the Waddell & Reed Advisors Group of Mutual Funds and the Ivy Funds, respectively. Fiduciary Trust Company of New Hampshire serves as the trustee for the Plan.
The Plan had 1,444 and 1,427 participants at December 31, 2005 and 2004, respectively. At December 31, 2005, 251 of the 1,444 participants in the Plan are former employees who have elected not to withdraw from the Plan. At December 31, 2004, 268 of the 1,427 participants in the Plan were former employees who elected not to withdraw from the Plan.
(b) Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan administrator to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein, and disclosure of contingent assets and liabilities. Actual results could differ from those estimates.
5
(c) Investment Valuation and Income Recognition
The Plan’s investments in Torchmark Corporation common stock and Waddell & Reed Financial, Inc. Class A common stock are stated at market value. The Plan’s investments in mutual fund shares are stated at net asset value. Quoted market prices are used to value investments as of December 31, 2005 and 2004.
Purchases and sales of securities are recorded on a trade-date basis (the date the order to buy or sell is executed). Dividend income is recorded on the ex-dividend date.
(d) Payment of Benefits
Benefits are recorded when paid. Administrative expenses are paid by the participating employers listed in note 4.
(3) Plan Investments
The following presents the number of shares and fair value of Torchmark Corporation common stock, Waddell & Reed Financial, Inc. Class A common stock, and mutual fund investments as of December 31, 2005 and 2004. Investments that represent 5% or more of the Plan’s net assets are separately identified.
|
|
|
Number |
|
|
|
|
|
December 31, 2005 |
|
of shares |
|
Fair value |
|
|
|
Torchmark Corporation common stock |
|
33,790 |
|
$ |
1,878,724 |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
306,754 |
|
6,432,631 |
|
|
|
Cash |
|
|
|
230,190 |
|
|
|
|
|
|
|
|
|
|
|
Waddell & Reed Advisors Group of Mutual Funds shares: |
|
|
|
|
|
|
|
Waddell & Reed Advisors Cash Management |
|
5,135,000 |
|
5,135,000 |
|
|
|
Waddell & Reed Advisors Core Investment |
|
1,480,307 |
|
9,103,891 |
|
|
|
Waddell & Reed Advisors New Concepts |
|
734,616 |
|
7,706,120 |
|
|
|
Waddell & Reed Advisors Science and Technology |
|
681,408 |
|
7,863,451 |
|
|
|
Waddell & Reed Advisors Small Cap |
|
298,854 |
|
4,587,411 |
|
|
|
Waddell & Reed Advisors Vanguard |
|
592,814 |
|
5,708,795 |
|
|
|
Other Waddell & Reed Advisors Funds |
|
3,390,105 |
|
22,861,512 |
|
|
|
|
|
|
|
|
|
|
|
Total Waddell & Reed Advisors Group of Mutual Funds shares |
|
|
|
62,966,180 |
|
|
|
|
|
|
|
|
|
|
|
Ivy Funds shares (various funds) |
|
1,001,183 |
|
17,295,065 |
|
|
|
Total investments |
|
|
|
$ |
88,802,790 |
|
6
|
|
|
Number |
|
|
|
|
|
December 31, 2004 |
|
of shares |
|
Fair value |
|
|
|
Torchmark Corporation common stock |
|
37,625 |
|
$ |
2,149,893 |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
339,139 |
|
8,102,031 |
|
|
|
Cash |
|
— |
|
57,519 |
|
|
|
|
|
|
|
|
|
|
|
Waddell & Reed Advisors Group of Mutual Funds shares: |
|
|
|
|
|
|
|
Waddell & Reed Advisors Cash Management |
|
4,442,027 |
|
4,442,027 |
|
|
|
Waddell & Reed Advisors Core Investment |
|
1,766,446 |
|
9,998,087 |
|
|
|
Waddell & Reed Advisors International Growth |
|
635,184 |
|
4,236,674 |
|
|
|
Waddell & Reed Advisors New Concepts |
|
901,236 |
|
8,426,552 |
|
|
|
Waddell & Reed Advisors Science and Technology |
|
702,605 |
|
7,553,006 |
|
|
|
Waddell & Reed Advisors Small Cap |
|
314,985 |
|
4,655,482 |
|
|
|
Waddell & Reed Advisors Vanguard |
|
615,695 |
|
5,356,543 |
|
|
|
Other Waddell & Reed Advisors Funds |
|
2,762,482 |
|
17,222,551 |
|
|
|
|
|
|
|
|
|
|
|
Total Waddell & Reed Advisors Group of Mutual Funds shares |
|
|
|
61,890,922 |
|
|
|
|
|
|
|
|
|
|
|
Ivy Funds shares (various funds) |
|
791,298 |
|
12,222,874 |
|
|
|
Total investments |
|
|
|
$ |
84,423,239 |
|
During 2005 and 2004, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $5,169,305 and $7,447,403, respectively, as follows:
7
|
|
|
2005 |
|
2004 |
|
|
|
Torchmark Corporation common stock |
|
$ |
(70,723 |
) |
499,341 |
|
|
Waddell & Reed Financial, Inc. Class A common stock |
|
(934,808 |
) |
219,873 |
|
|
|
|
|
|
|
|
|
|
|
Waddell & Reed Advisors Group of Mutual Funds: |
|
|
|
|
|
|
|
Accumulative |
|
383,186 |
|
204,754 |
|
|
|
Asset Strategy |
|
443,632 |
|
176,361 |
|
|
|
Bond |
|
(35,767 |
) |
(16,567 |
) |
|
|
Continental Income |
|
5,680 |
|
34,241 |
|
|
|
Core Investment |
|
790,540 |
|
874,109 |
|
|
|
Dividend Income |
|
64,974 |
|
37,474 |
|
|
|
Global Bond |
|
(8,018 |
) |
26,838 |
|
|
|
Government Securities |
|
(28,471 |
) |
(16,837 |
) |
|
|
High Income |
|
(65,287 |
) |
16,017 |
|
|
|
International Growth |
|
600,340 |
|
444,580 |
|
|
|
Limited-Term Bond |
|
(10,248 |
) |
(4,930 |
) |
|
|
New Concepts |
|
956,683 |
|
1,458,909 |
|
|
|
Retirement Shares |
|
96,455 |
|
32,220 |
|
|
|
Science and Technology |
|
533,746 |
|
1,050,415 |
|
|
|
Small Cap |
|
190,014 |
|
556,704 |
|
|
|
Value |
|
(42,807 |
) |
257,240 |
|
|
|
Vanguard |
|
526,480 |
|
242,632 |
|
|
|
|
|
|
|
|
|
|
|
Total Waddell & Reed Advisors Group of Mutual Funds |
|
4,401,132 |
|
5,374,160 |
|
|
|
|
|
|
|
|
|
|
|
Ivy Funds: |
|
|
|
|
|
|
|
Asset Strategy |
|
84,595 |
|
25,495 |
|
|
|
Bond |
|
(275 |
) |
41 |
|
|
|
Core Equity |
|
12,532 |
|
10,316 |
|
|
|
Cundill Global Value |
|
207,458 |
|
103,440 |
|
|
|
European Opportunities |
|
96,027 |
|
168,463 |
|
|
|
Global Natural Resources |
|
458,776 |
|
213,559 |
|
|
|
High Income |
|
(8,955 |
) |
1,678 |
|
|
|
International Balanced |
|
(6,209 |
) |
12,334 |
|
|
|
International Growth |
|
114,293 |
|
94,494 |
|
|
|
International Value |
|
31,305 |
|
7,790 |
|
|
|
Large Cap Growth |
|
119,393 |
|
34,633 |
|
|
|
Limited-Term Bond |
|
(1,143 |
) |
(1,137 |
) |
|
|
Mid Cap Growth |
|
52,714 |
|
47,786 |
|
|
|
Mortgage Securities |
|
(2,781 |
) |
(134 |
) |
|
|
Pacific Opportunities |
|
134,327 |
|
55,799 |
|
|
|
Real Estate Securities |
|
48,960 |
|
67,790 |
|
|
|
Science and Technology |
|
320,590 |
|
270,061 |
|
|
|
Small Cap Growth |
|
179,022 |
|
223,831 |
|
|
|
Small Cap Value |
|
(66,925 |
) |
17,790 |
|
|
|
Total Ivy Funds |
|
1,773,704 |
|
1,354,029 |
|
|
|
Net appreciation |
|
$ |
5,169,305 |
|
7,447,403 |
|
8
(4) Contributions by Participants and Participating Employers
The contributions of each participating employer and its employees for the years ended December 31 are as follows:
|
|
|
2005 |
|
2004 |
|
|||||
|
|
|
Participant |
|
Employer |
|
Participant |
|
Employer |
|
|
|
Waddell & Reed Financial, Inc. |
|
$ |
114,290 |
|
45,039 |
|
92,501 |
|
41,534 |
|
|
Waddell & Reed, Inc. |
|
3,517,866 |
|
1,503,948 |
|
3,293,522 |
|
1,350,179 |
|
|
|
Waddell & Reed Investment Management Company |
|
1,059,609 |
|
511,213 |
|
951,529 |
|
457,410 |
|
|
|
Waddell & Reed Services Company |
|
1,039,187 |
|
528,628 |
|
991,619 |
|
486,340 |
|
|
|
The Legend Group of Companies |
|
343,675 |
|
175,010 |
|
315,374 |
|
155,844 |
|
|
|
Austin Calvert & Flavin, Inc. |
|
211,683 |
|
115,341 |
|
195,850 |
|
114,445 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
6,286,310 |
|
2,879,179 |
|
5,840,395 |
|
2,605,752 |
|
(5) Related Party Transactions
Certain Plan investments include shares of mutual funds managed by Waddell & Reed Investment Management Company and Ivy Investment Management Company, as well as shares of Waddell & Reed Financial, Inc. Class A common stock. Waddell & Reed Financial, Inc. and its affiliates are the sponsors, as defined by the Plan, and therefore, these transactions qualify as party-in-interest.
(6) Plan Termination
Although it has not expressed any intent to do so, Waddell & Reed Financial, Inc. has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, all participants would immediately become fully vested in their employer contributions and Plan assets would be distributed.
(7) Tax Status
The Internal Revenue Service has determined and informed Waddell & Reed Financial, Inc. by a letter dated April 24, 2001, that the Plan and related trust are designed in accordance with applicable sections of the Internal Revenue Code of 1986, as amended (the “IRC”). Although the Plan has been amended since receiving the determination letter, the Plan administrator and the Plan’s tax counsel are not aware of any activity or transactions that would adversely affect the qualified status of the Plan.
(8) Risks and Uncertainties
The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the statements of net assets available for benefits.
9
Schedule 1
WADDELL &
REED FINANCIAL, INC.
401(k) AND THRIFT PLAN
Schedule of Assets Held for Investment Purposes
|
Identity of issuer, borrower, |
|
Description of investment |
|
Current value |
||
|
Cash |
|
— |
|
— |
|
$ 230,190 |
|
Torchmark Corporation |
|
33,790 |
|
shares of common stock |
|
1,878,724 |
|
* Waddell & Reed Financial, Inc |
|
306,754 |
|
shares of Class A common stock |
|
6,432,631 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,541,545 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
574,089 |
|
shares of Accumulative |
|
3,892,323 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
382,922 |
|
shares of Asset Strategy |
|
3,473,100 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
145,768 |
|
shares of Bond |
|
895,016 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
5,135,000 |
|
shares of Cash Management |
|
5,135,000 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
79,588 |
|
shares of Continental Income |
|
593,730 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
1,480,307 |
|
shares of Core Investment |
|
9,103,891 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
47,700 |
|
shares of Dividend Income |
|
652,533 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
883,709 |
|
shares of Global Bond |
|
3,199,025 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
286,080 |
|
shares of Government Securities |
|
1,564,858 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
152,834 |
|
shares of High Income |
|
1,117,217 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
504,242 |
|
shares of International Growth |
|
3,877,620 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
69,571 |
|
shares of Limited-Term Bond |
|
692,236 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
734,616 |
|
shares of New Concepts |
|
7,706,120 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
84,025 |
|
shares of Retirement Shares |
|
666,321 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
681,408 |
|
shares of Science and Technology |
|
7,863,451 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
298,854 |
|
shares of Small Cap |
|
4,587,411 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
179,577 |
|
shares of Value |
|
2,237,533 |
|
* Waddell & Reed Adviors Group of Mutual Funds |
|
592,814 |
|
shares of Vanguard |
|
5,708,795 |
|
|
|
|
|
|
|
|
|
Total Waddell & Reed Adviors Group of Mutual Funds |
|
|
|
|
|
62,966,180 |
|
|
|
|
|
|
|
|
|
* Ivy Funds |
|
36,955 |
|
shares of Asset Strategy |
|
621,590 |
|
* Ivy Funds |
|
1,633 |
|
shares of Bond |
|
17,064 |
|
* Ivy Funds |
|
19,532 |
|
shares of Core Equity |
|
197,077 |
|
* Ivy Funds |
|
136,488 |
|
shares of Cundill Global Value |
|
2,041,865 |
|
* Ivy Funds |
|
41,399 |
|
shares of European Opportunities |
|
1,230,802 |
|
* Ivy Funds |
|
121,982 |
|
shares of Global Natural Resources |
|
3,191,052 |
|
* Ivy Funds |
|
22,894 |
|
shares of High Income |
|
195,057 |
|
* Ivy Funds |
|
21,287 |
|
shares of International Balance |
|
306,101 |
|
* Ivy Funds |
|
65,319 |
|
shares of International Growth |
|
928,182 |
|
* Ivy Funds |
|
14,778 |
|
shares of International Value |
|
209,559 |
|
* Ivy Funds |
|
85,562 |
|
shares of Large Cap Growth |
|
970,272 |
|
* Ivy Funds |
|
6,824 |
|
shares of Limited-Term Bond |
|
68,855 |
|
* Ivy Funds |
|
37,244 |
|
shares of Mid Cap Growth |
|
439,475 |
|
* Ivy Funds |
|
16,410 |
|
shares of Mortgage Securities |
|
173,785 |
|
* Ivy Funds |
|
57,861 |
|
shares of Pacific Opportunities |
|
752,766 |
|
* Ivy Funds |
|
43,929 |
|
shares of Real Estate Securities |
|
900,549 |
|
* Ivy Funds |
|
88,476 |
|
shares of Science and Technology |
|
2,334,882 |
|
* Ivy Funds |
|
150,714 |
|
shares of Small Cap Growth |
|
2,239,609 |
|
* Ivy Funds |
|
31,896 |
|
shares of Small Cap Value |
|
476,523 |
|
|
|
|
|
|
|
|
|
Total Ivy Funds |
|
|
|
|
|
17,295,065 |
|
Total investments |
|
|
|
|
|
$ 88,802,790 |
*Indicates party-in-interest investment.
See accompanying report of independent retistered public accounting firm.
10
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Administrative Committee of the Plan has duly caused this annual report to be signed on its behalf by the undersigned, hereunto duly authorized, in the City of Overland Park, State of Kansas, on June 21, 2006.
|
WADDELL & REED FINANCIAL, INC. |
||
|
|
401(K) AND THRIFT PLAN |
|
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Daniel P. Connealy |
|
|
|
Daniel P. Connealy, Member |
|
|
|
Administrative Committee |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ Michael D. Strohm |
|
|
|
Michael D. Strohm, Member |
|
|
|
Administrative Committee |
|
|
|
|
|
|
|
|
|
|
By: |
/s/ William D. Howey, Jr. |
|
|
|
William D. Howey, Jr., Member |
|
|
|
Administrative Committee |