In this “Point One Series” video presented by ERISA lawyer Mike Connors and brought to you by Cofi, Mike discusses the critical importance of setting up effective benefits governance models to maximize effectiveness and minimize liability. He explains the evolution of good governance in the benefits world, highlighting how systematic and focused governance transformed the retirement plan marketplace by introducing legal discipline, good structure, transparency, and vendor accountability.

Mike outlines a comprehensive 10-step process for ERISA lawyers to establish best practices governance structures, emphasizing the need for competent fiduciary committees, regular vendor reviews, and inclusive governance covering all benefit plans. This video serves as a guide for ERISA lawyers to lead their clients towards achieving optimal long-term results by implementing robust governance mechanisms across all benefit plans.