southern building code is my reference, as I work & live here..............and as far as lam beams, perhaps I should have more correctly said "engineered wood Glu-Lam Beams", some even come from the plant with "knock-outs" for the purpose of running wire, conduit and HVAC chases, the only structurally rated wood product that code allows openings of up to a diameter of 7" to penetrate.....as strong as steel joist members, since the beams are in fact laminated, the holes, assuming you have enough sense not to "swiss cheese" them, are not going to structurally compromise the product, where as dimensional lumber is, to a degree, compromised longitudinally every time there is a penetration...when they first came on the scene we were all skeptical........but they do the job, cheaper & better
side note: we don't have many basements built down here, but the lam beams are used in 2 and 3 story buildings for the floor joists, and extensively for ceiling and flat roof applications...mileage may vary according to location