Lam Research Corporation
Updated Filing received by DOL
Lam Research Corporation, a manufacturing — metal, equipment, transportation employer in Fremont, California, reported 7,496 participants in its health and welfare plan for plan year 2025. Its Form 5500 shows $11M in insurance premiums across 16 contracts and $1.0M in broker commissions and fees. The plan is a mix of insured and self-funded coverage. The Department of Labor received the filing on July 24, 2026, before the deadline.
Who was paid on Lam Research Corporation's plan
Schedule A, Part I lists each broker or agent paid on each insurance contract and the amount. Totals below add every contract Lam Research Corporation filed for 2025.
| Broker or agent | Commissions | Fees | Total | Contracts |
|---|---|---|---|---|
| Custom Benefit Programs Inc. · Somerset, NJ | $634,691 | $31,437 | $666,128 | 5 |
| American Ben and Comp Systems · New York, NY | $0 | $198,709 | $198,709 | 2 |
| Plansource Benefits Administration · Orlando, FL | $0 | $103,877 | $103,877 | 6 |
| Aon · Chicago, IL | $29,938 | $26,920 | $56,858 | 10 |
Source: DOL Form 5500 Schedule A, Part I (broker commissions and fees), plan year 2025, as published in EBSA's 2025 "Latest" dataset. Part I names whoever the carrier paid, which can be a firm or an individual agent; both are public record. Amounts exclude pay from carriers not tied to a listed contract.
Insurance contracts and carriers
Every insurance contract reported on Schedule A: carrier, what it covers, people covered at year end, earned premium, and broker compensation.
| Carrier · coverage | Covered | Premium | Broker pay | Rate |
|---|---|---|---|---|
| Standard Insurance Companylife | 8,229 | $7.3M | $132,806 | 1.8% |
| Standard Insurance Companylong-term disability | 8,236 | $3.7M | $65,903 | 1.8% |
| Delaware American Life Insurance of Americalife | 81 | — | $4,715 | — |
| Metropolitan Life Insurance Companyhealth | 6,997 | — | $280,251 | — |
| Metropolitan Life Insurance Companyhealth | 5 | — | $165 | — |
| Metropolitan Life Insurance Companyhealth | 3,872 | — | $325,204 | — |
| Ace American Insurance Companycoverage not coded | 8,229 | — | $25,223 | — |
| Optum Health & Technology US LLCcoverage not coded | 7,238 | — | — | — |
| Anthem Blue Cross Life and Health Insurance Companydental, vision | 81 | — | — | — |
| Arag Insurance Companycoverage not coded | 380 | — | $1,455 | — |
| Blue Cross of Californiahealth, PPO | 84 | — | — | — |
| Kaiser Foundation Health Plan Inchealth, prescription drug, HMO | 2,496 | — | — | — |
| Metropolitan Life Insurance Companyhealth | 5,597 | — | $169,932 | — |
| Cigna Health and Life Insurance Companyhealth, dental | 81 | — | — | — |
| Kaiser Foundation Health Plan of the Northwesthealth, prescription drug, HMO | 1,581 | — | — | — |
| Arag Insurance Companycoverage not coded | 5,428 | — | $19,918 | — |
Source: DOL Form 5500 Schedule A, plan year 2025. Self-funded medical coverage has no premium; amounts shown for it are stop-loss or administrative contracts.
How Lam Research Corporation compares
Medians across employers for plan year 2024, the most recent complete year. Commission rates use fully insured medical contracts only; dollar medians use every employer that disclosed broker pay.
Not computable: no insured medical premium on the filing.
Source: BenefitsLedger benchmarks from 58,547 employer health plans with 100 or more participants, plan year 2024. Methodology.
Year over year
| 2024 | 2025 | Change | |
|---|---|---|---|
| Participants | 7,189 | 7,496 | +4.3% |
| Premiums filed | $9,326,428 | $10,912,506 | not comparable |
| Broker commissions + fees | $1,004,295 | $1,025,572 | +2.1% |
| Commission rate | — | — | — |
Source: DOL Form 5500 filings for plan years 2024 and 2025.
Filings and timeliness
Plans this employer filed under its EIN with a health benefit code. Large plans are due seven months after the plan year ends, or two and a half months later with an extension; amended filings carry the amendment date, so no timing is asserted for them.
| Plan | Plan year end | Received by DOL | Timing | Participants |
|---|---|---|---|---|
| Lam Research Corporation Group Welfare Benefit Plan#501 · insurance, general assets | December 31, 2025 | July 24, 2026 | before deadline | 7,496 |
Source: DOL Form 5500 Part I and signature dates; "late" means received after the extended deadline (the 15th day of the tenth month after plan year end). What a late Form 5500 costs.
How much did Lam Research Corporation pay in health insurance broker commissions in 2025?
Lam Research Corporation's 2025 Form 5500 reports $1,025,572 in broker commissions and fees across 16 insurance contracts ($664,629 in commissions, $360,943 in fees), with Custom Benefit Programs Inc. receiving the largest share.
Is Lam Research Corporation's health plan self-funded or fully insured?
The 2025 filing indicates the plan is a mix of insured and self-funded coverage. Medical coverage is written by Metropolitan Life Insurance Company, Blue Cross of California, Kaiser Foundation Health Plan Inc.
How does Lam Research Corporation's broker compensation compare with similar employers?
A commission-to-premium ratio cannot be computed for Lam Research Corporation because the filing does not report medical premium on Schedule A (usual for self-funded plans). In dollars, employers with 5,000+ participants that disclosed broker pay reported a median of $458,262.
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Record built October 24, 2026 from U.S. Department of Labor, EBSA Form 5500 datasets (2025, 2024, 2023 plan years, 'Latest' files). Filings can run 7 to 10 months behind the plan year; always confirm against current plan documents. BenefitsLedger is not affiliated with the U.S. Department of Labor. Open the DOL filing search.