Plan sponsors that focus on health and wealth are often more likely to implement other benefits that they would not have been considered before, including life insurance, supplemental health benefits, and executive and retiree medical and retirement benefits, Caldwell added.
Fidelity Investments has agreed to pay $1.25 million to resolve allegations brought by William Galvin following a 2024 data breach that exposed sensitive personal information tied to tens of thousands of individuals. The settlement underscores persistent cybersecurity vulnerabilities across wealth management platforms and the regulatory scrutiny facing firms that fail to adequately safeguard client data.
A former analyst at the Financial Industry Regulatory Authority has filed suit against the regulator, alleging wrongful termination tied to his use of protected medical leave in 2025. The case raises potential compliance and employment practice considerations for firms navigating leave policies and performance management.