Tools to Help You Choose

Choosing the right plans matters for your health and your financial wellbeing. Use these resources to learn about your benefits, use the tools and resources available, then select the best benefits for you and your family.

For New Hires (hired before December 1, 2021)

For 2022 Benefits Open Enrollment (elections effective January 1, 2022)

  • 2022 Open Enrollment Presentation – Watch this webinar at your convenience for an overview of the LPL Financial 2022 benefits program.
  • 2022 Open Enrollment What's New Brochure – See the highlights, an outline of key dates and the steps you need to take for your 2022 enrollment.
  • 2022 Benefits At A Glance – See a high-level overview of our 2022 benefits.
  • Meet online with ALEX for customized 2022 benefit recommendations.
  • Connect with Alight online or call 1.800.513.1667 (x984) to receive personalized guidance and support.
  • 2022 Open Enrollment Q&A Sessions – After viewing the Open Enrollment Presentation, the brochures, meeting with ALEX, and receiving assistance (if needed) from Alight, if you still have remaining questions, register to attend a Q&A session (see LPL@Work for registration information).

ON the LPL Network: From the Home page of LPL@Work, use the Single Sign-on (SSO) link found in the My Apps/Systems listing. IMPORTANT: The SSO link does NOT work in Internet Explorer (IE). Please use Chrome, Firefox or Safari to log in.

OFF the LPL Network: If you've already registered for ADP Self-Service, use your username and password to access to https://my.adp.com. First-time users will need to enter registration code: lplp-lpl. If you've forgotten your login credentials or have technical difficulties, contact the LPL Benefits Service Center at 1.855.894.7752 or LPLFinancialServiceCenter@adp.com.

Enrollment Checklist

Use this checklist to help you enroll in your benefits.

  • Learn about your 2022 benefit options, paying special attention to the changes coming next year. Be sure to review the 2022 Open Enrollment Presentation, the 2022 Open Enrollment What's New Brochure, the 2022 Benefits-at-a-Glance document, and meet online with ALEX for customized 2022 benefit recommendations – these key resources outline what's new for 2022 and include valuable information on tools and resources available to help you get the most from your benefits.
  • Think about your coverage needs, including how much health care you anticipate needing and whether your life and disability insurance provides enough protection.
  • Make sure your dependent information is correct and all your dependents are eligible.
  • Consider your FSA and HSA contribution amount. Select an amount that will help you pay for your anticipated health care expenses with tax-free money. Learn how these accounts save you money.
  • Review your beneficiaries. Review your life insurance beneficiary information during the enrollment process in ADP My Pay and Benefits and make updates as needed. (Access ADP from the single sign-on (SSO) link from the Home page of LPL@Work.) Don't forget to review your 401(k) beneficiary, too, and make updates as needed in the Empower portal. (Access Empower from the SSO link from the home page of LPL@Work.)
  • Complete your benefits enrollment on the ADP My Pay and Benefits website by the deadline. Note: if you are accessing the enrollment site from on the network, use the Single Sign-On (SSO) link from the Home page of LPL@Work. If you are accessing the enrollment site from outside of the LPL network, you will need to use your login credentials to sign in. First time users should follow the self-registration process on the sign-in page (details available on LPL@Work.)
iconTIP: Think about the whole cost.

When choosing a medical plan, it’s important to think about the whole cost of coverage — the amount you’ll spend out of your paycheck, as well as out of your pocket (copays, deductibles, and coinsurance).

Top Questions

Don't see the answer you are looking for? Check out more Open Enrollment Frequently Asked Questions (FAQs).

1. Do I need to enroll during Open Enrollment?
It depends. Open Enrollment happens once a year, so take the time to compare your current benefits and costs to your available options for 2022, and make any changes for the upcoming benefits plan year that begins on January 1, 2022. Review this site and use the decision tools on this page to be confident that you are making the best decision for you and your family. IMPORTANT: If you wish to participate in the HSA and/or FSA Plans in 2022 (including using funds rolled over from 2021), you must actively enroll. HSA and FSA elections do NOT roll over into the new plan year.

2. What happens if I don't enroll by October 29, 2021?
If you do not confirm new elections by October 29, 2021, your current benefits will roll over to 2022 at the new rates, with the exception of Flexible Spending Account (FSA) enrollment and Health Savings Account (HSA) contributions, which zero out each year due to IRS regulations. You must elect the HSA and/or FSA(s) and designate your contribution amount during Open Enrollment if you want to participate in any of these accounts in 2022 — even if you currently participate.

3. Do I need to enroll as a new hire?
As a New Hire, you have the opportunity to enroll in a wide variety of benefits, including voluntary Life/AD&D with a one-time Guaranteed Issue offer, with no Evidence of Insurability (EOI) required. If you do not enroll before your 30th day of your employment, you will be automatically enrolled in the LPL-paid benefits only (Basic Life/AD&D, Basic STD and Basic LTD). Note, unless you experience a Qualifying Life Event (QLE), you will not have another opportunity to enroll until the next Open Enrollment period in October 2022 for 2023 benefits. Review the site and use the decision tools to be confident that you are making the best decision for you and your family.

4. How are the medical plans different?
The key difference between the plans is how much you pay in premiums, how much you pay for services throughout the year, and where you can go for care. Consider how you prefer to handle costs. For instance, would you rather pay extra from your paycheck for a medical plan that covers more of your costs when you need care, or pay as little as possible from your paycheck — even if that means bigger bills when you need care? Compare the plans here.

5. What’s the difference between the Health Care Flexible Spending Account (FSA) and the Health Savings Account (HSA)?
The way the Health Care FSA and the HSA work is largely the same — you contribute to your account through automatic, before-tax payroll deductions, then you can use the money to pay for eligible health care expenses. However, there are some important differences. For example, unlike an FSA, all the unused money in an HSA rolls over year after year and is always yours to keep. And, you can change your HSA contribution amount during the year whenever you want. Compare the accounts here. To learn more about an HSA account, watch this short video.

6. I have questions about my benefits. Who should I contact?
Be sure to review this site (myLPLBenefits.com) for many details about each benefit and for carrier/vendor contact information. Plus, check out the Tools to Help You Choose page to see a full list of helpful resources, including benefits presentations, the Benefits at a Glance Guide and links to virtual Benefit Counseling Sessions with ALEX. If you still have questions regarding plan selection, contact Alight at 1.800.513.1667, extension 984. 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.