Products December 9, 2006

FundQuest Wealth Architect Clients Get Access to Managed Account Services

FundQuest’s Wealth Architect customers can now access its managed account solution, which will allow the institutions to meet their clients' needs for product diversification, customization and tax management.
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Financial firms use the Wealth Architect platform to deliver mutual fund and separate account portfolio services, and now investors already using this platform can include separate account managers, mutual funds, and exchange-traded funds in one core account with oversight by FundQuest’s proprietary Overlay Portfolio Management process.

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“The Unified Managed Account solution will provide FundQuest’s Wealth Architect clients with access to diversified portfolios featuring multiple open architecture investment products and premier money managers,” said Maryanne Morrow, Vice President, National Accounts at FundQuest, in a news release from the company.

Compliance December 9, 2006

DoL Makes 2006 M-1 Form Available

The US Department of Labor’s Employee Benefits Security Administration (EBSA) will make available Thursday the 2006 Form M-1 annual report for multiple employer welfare arrangements (MEWAs).
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According to a DoL news release, plan administrators can use EBSA’s online filing system to speed the processing of the M-1 form for MEWAs, which are arrangements that offer medical benefits to the employees of two or more employers or to their beneficiaries.

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According to the news release, the annual filing date for the 2006 Form M-1 is March 1, 2007; however, administrators can request an automatic 60-day extension to May 1, 2007.The 2006 form is virtually identical to the previous year.

The online filing system is available on EBSA’s Web site, where filers can complete the form, submit it and then print it for their records. The Web site includes a user manual, frequently asked questions and a link to submit questions electronically.

For access and help on the filing process and forms:

  • Go to www.askebsa.dol.gov/mewa/to use the online filing process.

  • Technical assistance for the online filing system is also available by calling (202) 693-8600.

  • Paper copies of the form may be obtained at www.dol.gov/ebsa and clicking on Forms/Doc Requests.

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