You take great pride in your work to deliver results for our advisors and their clients, and as one team on one mission, we are just as committed to supporting your total wellbeing—including your physical, emotional, and financial health. That is why at LPL, we provide a comprehensive and competitive Total Rewards package of compensation, rewards and recognition, and benefit programs, with many options to address you and your family’s unique needs.
LPL’s commitment to providing a comprehensive and competitive total rewards package includes offering benefit programs that support your overall health and wellbeing. To ensure your benefits package is cost-effective, we review our benefits programs regularly as we strive to offer benefits that are meaningful, give you options, and allow you to take control of your health and healthcare costs.
Review this page to understand your 2024 benefits and to learn more about your decision-support resources.
Have questions?
Check out the following pages for decision support tools and tips for enrollment:
- Tools to Help You Choose – learn more about your available resources for 2024
- Enrollment Checklist – follow these steps to enroll in your benefits
- Top Questions – review frequently asked questions for enrollment
If you experience technical difficulties during your enrollment in ADP My Pay and Benefits, contact the LPL Benefits Service Center at 1.855.894.7752 or LPLFinancialServiceCenter@adp.com.
Here’s a preview of important changes for 2024. Be sure to watch the 2024 Open Enrollment Presentation for additional details.
| Benefit | What’s Changing |
|---|---|
| Medical Premiums |
There will be a nominal increase to medical plan premiums across all salary bands. Your cost for:
|
| Deductibles and Out-of-Pocket Maximums | While LPL has held the line on plan design changes for four consecutive years, due to the rising cost of health care in the U.S., both the deductibles and out-of-pocket maximums will increase for our medical plans in 2024. We encourage employees to do their part to keep healthcare costs as manageable as possible by taking advantage of preventive care such as annual wellness exams and other health and wellbeing support provided through our plans. |
| Teledoc Health Services |
Effective
|
| Enhancement to ALEX Decision Support - Compare LPL's coverage to others! | ALEX now offers a comprehensive plan comparison tool to help you evaluate LPL's coverage against other options you have (e.g., your spouse or partner’s employer plan). Use the ALEX Go (text-based) option to access this new feature and make informed benefits decisions for you and your family. |
Coming in Early 2024! More Support for Your Family
Look for more information in 2024 about two new family-building programs – Maven Wallet’s Financial Assistance Program and Maven’s Maternity Management Program. Get support with growing your family and connect with personalized support to help with parenting or managing a pregnancy. Look for an announcement in early 2024 with more details!
You’ll also continue to have access to the following benefit options and programs, which will not be changing for 2024:
- Dental
- Vision
- Wellbeing support, including the LPL Live Well program and Lyra Mental Health Benefit
- Supplemental medical, including Accident Insurance and Critical Illness Insurance
- 401(k) plan
- Life and Accidental Death and Dismemberment (AD&D)
- Short- and Long-Term Disability
- Other benefits and discounts, such as the Employee Stock Purchase Plan (ESPP) and discounted Home/Auto and Pet insurance
Take Action
During enrollment, you’ll use the ADP My Pay and Benefits website to enroll in your benefits. Be sure to complete your 2024 benefits enrollment in ADP My Pay and Benefits within 30 days of your hire date.
- Access while ON the LPL Network: The ADP site is accessible via single sign-on (SSO) from the home page of LPL@Work in the My Apps/Systems listing. IMPORTANT: The SSO link does NOT work in Internet Explorer (IE). Please use Chrome, Edge, Firefox or Safari to log in.
- Access while OFF the LPL Network: If you've already registered for ADP Self Service, use your ADP username and password to access the ADP My Pay and Benefits site (example username format: JSmith@lplp). To access the ADP Self Service portal to register or while not on the LPL network, go to https://my.adp.com. (First-time user? Enter registration code: lplp-lpl.)
If you forget your login credentials or if you experience technical difficulties during your enrollment, contact the LPL Benefits Service Center at 1.855.894.7752 or LPLFinancialServiceCenter@adp.com.