Your Lam Research Lifestyle Account helps you fund a variety of life-enhancing opportunities for you and your family. All employees and their dependents are eligible for the Lifestyle Account. Each employee gets $500 a year.
Your Lifestyle Account is very simple to use.
- Mobile and Online Reimbursements – You can submit a payment request online or using your mobile app.
- Round-the-Clock Service – We are here for you any time you have a question, 24 hours a day, 365 days a year.
Eligible Expenses: Lifestyle Reimbursement Accounts
The goal of the Lam Lifestyle Account is to encourage a well-rounded, healthy lifestyle and to support your family’s needs. With that in mind, the company expects you to use good judgment about the expenses you submit for reimbursement. In general, items are reimbursable only in the year in which the items were purchased. Certain fitness equipment financing plans are reimbursable in the year in which the payment was made. For example, when Peloton bikes are purchased through an installment plan, payments are reimbursable in any year in which payments were made. This does not include credit card payments for purchases. Expenses paid for using rewards points or gift cards are not eligible for reimbursement through the Lam Lifestyle Account.
Adult Education / Hobbies & Tutoring
For you and your dependents
- Educational materials
- Personal enrichment/hobbies (including cameras)
- Self-improvement courses
- Tutoring (for your child or yourself)
- Other adult learning (excludes courses/materials covered under the Educational Assistance benefit)
College Admission Prep
For you and your dependents
- College admission coach or counselor
- College admission prep seminar
Financial Planning
For you and your dependents
- Estate planning
- Financial planning
- Other financial planning/fees (excludes ARAG premiums)
Fitness
For you and your dependents
- Camera/Go Pro Camera
- Exercise equipment and apparel (e.g. gym shoes, hiking boots, smart watches/step trackers)
- Fitness class or lessons
- Gym membership
- Nutrition counseling, membership fees (e.g. Weightwatchers) (excludes food and nutritional supplements)
- Smoking cessation
- Sports league or team fees and sporting equipment (baseball, baseball bat, etc.)
- Other fitness (excludes firearm, massage services, gaming consoles, and CBD oil)
Student Loans
For you, your spouse and dependents
- Parent PLUS loan payment
- Student loan payment