This is our 13th installation of the 15 “Legends.” In our future newsletters and bulletins, we will be featuring the other Legends that were selected by PLANSPONSOR. Fred Reish was selected as one of the 15 “Legends of the Retirement Industry.” These “Legends” are individuals who have, in the past decade and a half, made a lasting contribution to the nation’s retirement security.

Allen Reed was chosen in July 1994 to run the asset management group of General Motors (GM), via Delta and Hughes Electronics. As commented by PLANSPONSOR, Reed and GM’s financial executives “shifted GM’s pension from the conventional to the cutting-edge, notching up a whole series of firsts, including instituting a defined contribution lineup that, through the use of daily valued commingled trusts, mirrored its defined benefit lineup.”

Reed was one of the “first among his peers to understand the public importance of his job—he was open and transparent, a man of easy charm and obvious integrity.”

Congratulations to Allen Reed for being named one of the 15 “Legends of the Retirement Industry
Source: ERISA Controversy Report