Overview
See What’s New for 2025
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 your 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 find out what you need to know and what you need to do during benefits enrollment. Be sure to check out the summary of what’s changing and learn more about your decision-support resources before enrolling in your 2025 benefits.
Have questions?
- Tools to Help You Choose – learn more about your available resources for 2025
- Enrollment Checklist – follow these steps to enroll in your benefits
- Top Questions – review frequently asked questions for enrollment
If you experience technical difficulties with ADP My Pay and Benefits during your enrollment, contact ADP’s LPL Benefits Service Center at 1.855.894.7752 or LPLFinancialServiceCenter@adp.com.
2025 Changes
Here’s a preview of important changes for 2025. Be sure to watch the 2025 Open Enrollment Presentation for additional details.
| Benefit | What’s Changing |
|---|---|
| Medical Premiums | LPL remains committed to delivering benefits that enable accessible and affordable health care for all. While there will be moderate increases to employee medical rates for 2025, we'll continue our approach to premiums based on salary bands which helps keep increases proportional to income level. Please check ADP My Pay and Benefits for new rates. |
| Paid Parental Leave Increase | Paid parental leave will be increasing! Starting in 2025, birthing parents can take, on average, 16 weeks of time off (a combination of short-term disability + parental leave) at 100% of their pay while non-birthing parents can take up to 10 weeks. |
| Expanded Fertility Coverage | Aetna will expand fertility coverage to include Artificial Insemination (AI) and Intrauterine Insemination (IUI) as medical benefits. Coverage will be available with or without a medical diagnosis of infertility and without any separate limits. This change will make family-building options more accessible for our diverse and growing population. To learn more, contact Aetna Concierge at 1.866.987.0327 or visit your Aetna member website. |
| Short-Term Disability (STD) and Long-Term Disability (LTD) |
To better align with competitive practices and reduce costs for LPL and employees, we've made updates to our disability plans:
|
Maven: Two Programs, One Goal – Supporting Your Family-Building Journey
LPL has partnered with Maven to provide employees two, free benefit programs to help support your family-building journey, with tools and resources for every step:
- Maven’s Wallet Financial Assistance Program helps support the financial side of family-building with an easy-to-use expense management platform to help you understand your funding options from fertility treatments to surrogacy. Get reimbursed for up to $5,000 on eligible expenses related to your family-building journey.
- Maven’s Maternity Management Program offers comprehensive support through a virtual clinic for fertility and family-building, pregnancy, postpartum, parenting, and menopause support.
Maven is available to all benefits-eligible employees, spouses or domestic partners. Learn more about Maven on the LPL@Work home page or at mavenclinic.com/join/takecare.
Other Benefit Options for 2025
You’ll also continue to have access to the following benefit options and programs that are not changing for 2025:
- 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)
- Other benefits and discounts, such as the Employee Stock Purchase Plan (ESPP) and discounted Home/Auto and Pet insurance
How to Enroll
Take Action
During benefits enrollment, you’ll use the ADP My Pay and Benefits website to enroll in your benefits. Be sure to complete your 2025 benefits enrollment in ADP My Pay and Benefits within your enrollment window.
- Access while ON the LPL Network: The ADP My Pay and Benefits site is accessible via single sign-on (SSO) from the LPL@Work home page under My Apps/Systems. 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 My Pay and Benefits username and password to access the 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 ADP's LPL Benefits Service Center at 1.855.894.7752 or LPLFinancialServiceCenter@adp.com.
Remember!
After your enrollment window ends, you cannot change your benefit elections until the next Open Enrollment. Mid-year changes are only permitted within 30 days of experiencing a Qualifying Life Event (QLE), such as marriage or birth of a child, or if a covered dependent gains or loses other coverage. An event submitted after 30 days will not be approved.