This report analyzes and compares LPL FINANCIAL's employee health insurance and employee benefits with its industry and in Massachusetts State.

COMPARE LPL FINANCIAL'S EMPLOYEE HEALTH INSURANCE AND BENEFITS

Providing a smart employee benefits package is critical for attracting top talent and retaining valuable employees. Today, employee benefits play a vital role when candidates consider accepting a job offer.

Many companies offer today over-the-top perks, like yoga classes, haircuts, catered meals, and acupuncture. In this report, we focus however on traditional benefits. It's a work in progress that we will expand and update on a regular basis.

This report contains the following sections

  1. Career Benefits
  2. Healthcare Benefits
  3. Financial Benefits

Career benefits

LPL FINANCIAL has superb career benefits that have a great impact on employees' career. There are several coaching and mentoring programs, as well as onboarding program for new employees to help them fit in the LPL FINANCIAL. superb tuition reimbursement programs are available for employees who want to get a work-related degree or a certificate.

  • CAREER PLANNING: LPL FINANCIAL believes that career planning of each employee is a key to a successful business and offers valuable opportunities so that the employees can reach their full potential. LPL FINANCIAL has valuable resources at its disposal to achieve this goal.
  • COACHING AND MENTORING: By using a suitable coaching and mentoring program, LPL FINANCIAL can determine what should every team member focus on to grow and increase productivity.
  • DEVELOPMENT RESOURCES: LPL FINANCIAL encourages its team members to work on their existing skills and gain new ones continually. By providing good development resources, LPL FINANCIAL supports their team members on their journey to perfection. Employees have a wide range of good resources at their disposal for professional and personal growth.
  • GED REIMBURSEMENT: LPL FINANCIAL has an outstanding GED policy and offers to pay full costs for employees who want to obtain a GED.
  • LEADERSHIP PROGRAMS: LPL FINANCIAL believes that providing its team members with exceptional leadership programs is a crucial step in creating new leaders. By using exceptional tools that LPL FINANCIAL provides for them, employees are able to learn what makes or breaks a leader.
  • ONBOARDING: Whether the newcomer is an entry-level employee or a seasoned manager, coming to a new place of work is never easy. That's why LPL FINANCIAL offers an exceptional Onboarding program to help new employees understand their role and cooperate with the rest of the team.
  • RECOGNITION PROGRAMS: LPL FINANCIAL has a remarkable Recognition program in place and makes sure that team members who constantly achieve extraordinary results and work well with others are properly rewarded for their efforts.
  • TUITION REIMBURSEMENT: LPL FINANCIAL has a valuable Tuition Reimbursement Program and participates with up to 25% of the costs for team members who want a job-related certificate or a degree.
LPL FINANCIAL's career benefits comparison table

Benefit

LPL FINANCIAL

Industry

Massachusetts

Career planning Benefits
Coaching and mentoring Benefits
Development resources Benefits
GED reimbursement Benefits
Leadership programs Benefits
Onboarding Benefits
Recognition programs Benefits
Tuition reimbursement Benefits

Healthcare benefits

LPL FINANCIAL offers first-class health benefits to its employees, of which some can be used by employee's family members. Besides an affordable healthcare insurance and a dental plan that includes recounstruction surgery, team members can enjoy LPL FINANCIAL's first-class maternity support program, nutritional and psychological counseling, and health plan incentives.

  • COUNSELING: LPL FINANCIAL does not offer counseling.
  • DENTAL PLAN: LPL FINANCIAL cares about its team members' dental health so it offers an excellent dental plan for employees and their family members that fully covers all sorts of preventative dental care as well as reconstructive surgeries and other orthodontia services.
  • HEALTH INSURANCE: LPL FINANCIAL offers a remarkable health insurance for every employee. Various exams and procedures are covered, as well as comprehensive health plans.
  • HEALTH PLAN INCENTIVES: In an effort to improve the wellbeing and quality of life of its team members, LPL FINANCIAL offers suitable health plan incentives for its employees. Employees have at their disposal various resources through which they can learn about their health and how to improve it.
  • HEALTHCARE SPENDING ACCOUNTS: To financially help its team members with medical emergencies, LPL FINANCIAL offers a solid healthcare spending account where employees can deposit a part of their paycheck, free of taxes, and use it to pay hospital bills or other eligible expenses. Any remaining funds left at the end of the year are forfeited.
  • MATERNITY SUPPORT PROGRAM: LPL FINANCIAL offers an extraordinary maternity support program which enables expecting mothers to access quality resources, administrative assistance, and support every single day.
  • TELEHEALTH: LPL FINANCIAL has implemented a superb telehealth policy for its members to use any time of the day, every single day. LPL FINANCIAL covers all expenses of exams, doctor's opinions, and other services that can be done over the phone or via video call.
  • VISION PLAN: LPL FINANCIAL offers a good Vision Plan for its team members and covers the costs of basic eye exams with a possibility to pay for additional benefits.
LPL FINANCIAL's healthcare benefits comparison table

Benefit

LPL FINANCIAL

Industry

Massachusetts

Counseling Benefits
Dental Plan Benefits
Health Insurance Benefits
Health Plan Incentives Benefits
Healthcare Spending Accounts Benefits
Maternity support program Benefits
Telehealth Benefits
Vision Plan Benefits

Financial benefits

LPL FINANCIAL offers first-class financial benefits for employees and their family members. A first-class 401(k) plan makes sure that employees have a secure retirement, while a generous, fully paid parental leave allows expecting mothers and fathers to enjoy their child's first year. Along with paid vacations, employees can enjoy fully paid commuting as well.

  • 401(K) PLAN: LPL FINANCIAL knows how important it is to think about retirement and start saving on time. That's why it offers a good 401(k) plan that enables every team member to build a decent retirement fund at their own pace. Team members are allowed to put aside up to 4% of their salary and LPL FINANCIAL will match 50% of it. The employees can choose from multiple investment plans, according to their wishes and lifestyles. For those who are not sure about their investment options, LPL FINANCIAL provides resources which will help team members decide what to do with their 401(k) plan. LPL FINANCIAL offers a good vesting schedule with a gradual increase of 25% per year.
  • ADOPTION ASSISTANCE REIMBURSEMENT: LPL FINANCIAL does not offer adoption assistance reimbursement.
  • BONUS PAY: LPL FINANCIAL has a suitable bonus plan that takes into account the individual efforts of a certain team member, as well as the results that those efforts generated.
  • CHILDCARE DISCOUNT: LPL FINANCIAL offers a good discount for primary childcare to its team members and enables them affordable prices.
  • COMMUTER BENEFIT: LPL FINANCIAL offers outstanding commuter benefits for its team members and enables them to pay for all sorts of transportation fees, regardless of their distance from the place of work and the costs involved.
  • DAYCARE FLEXIBLE SPENDING ACCOUNT: LPL FINANCIAL offers a superb daycare policy for its members, with a flexible spending account which team members can use to pay for various daycare expenses for when they are at work.
  • DISABILITY: LPL FINANCIAL has an exceptional disability program available for eligible team members. Whether it's a short- term or a long-term disability, team members can rest assured that their financial status won't be compromised even when they are not working. Once the short-term disability coverage expires, employees have the option to enjoy long-term disability coverage.
  • LIFE INSURANCE: LPL FINANCIAL has a top-notch life insurance program and offers fully paid life insurance policies for its team members. The policy pays around two years worth of salary to employees' beneficiaries. Option to buy additional coverage is available for every team member.
  • PAID TIME OFF: LPL FINANCIAL wants for its team members to lead a happy and fulfilled life so it has a suitable vacation policy for every employee. The number of paid vacation days depends on how long has a certain member been part of the team.
  • PAID VOLUNTEER TIME OFF: LPL FINANCIAL has a top-notch volunteer time off program for its team members. Aware of the fact that volunteer work builds character and widens the horizons, LPL FINANCIAL stimulates its team members to use two paid days every quartal for volunteering purposes.
  • PARENTAL LEAVE: LPL FINANCIAL has an exceptional parental leave policy for eligible team members like new mothers and fathers, including adoption, surrogacy and foster care.
LPL FINANCIAL's financial benefits comparison table

Benefit

LPL FINANCIAL

Industry

Massachusetts

401(k) plan Benefits
Adoption assistance reimbursement Benefits
Bonus pay Benefits
Childcare discount Benefits
Commuter benefit Benefits
Daycare flexible spending account Benefits
Disability Benefits
Life insurance Benefits
Paid time off Benefits
Paid volunteer time off Benefits
Parental leave Benefits

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