Products February 9, 2009

DailyAccess Adds Target Plus Portfolios

DailyAccess Corporation has added Old Mutual Asset Management's Target Plus Portfolios to its product platform.
Reported by
Introduced in 2008, the press release says that Old Mutual Target Plus Portfolios are the first target-date funds to combine retirement date horizons with individual risk tolerance. The 12 Old Mutual Target Plus Portfolios offer a multi-manager structure that employs 13 boutique investment managers.
Portfolio and glide path construction, along with personalized risk management, are performed by Ibbotson Associates.
Old Mutual Asset Management is the holding company for 19 distinct, boutique firms, including asset managers that specialize in high-quality, active investment strategies for institutional and individual investors; and the Old Mutual Asset Management Trust Company. The group’s parent is Old Mutual plc, an international financial services company based in London, with operations in asset management, life assurance, banking and general insurance.
DailyAccess Corporation is a retirement plan services company that provides solutions-based technologies integrated with professional and personalized client services, according to the release. More information is available at http://www.dailyaccess.com
Products February 9, 2009

EBSA Announces Online 5500 Walk-Through

Plan sponsors will get a walk-through of the 2009 Form 5500 reports and a new electronic filing Web site from a scheduled February 19 Webinar from the Department of Labor's Employee Benefits Security Administration (EBSA).
Reported by

According to an EBSA news release, the Webcast will cover:

  • the new simplified annual reporting form for small plans with easy to value investments
  • expanded reporting by large plans of compensation received by plan service providers
  • realignment of the reporting rules for 403(b) plans subject to Title I of the Employee Retirement Income Security Act (ERISA) to make them on par with 401(k) plans
  • annual reporting changes required by the Pension Protection Act or defined benefit pension plans and multiemployer plans.

The modernized version of the ERISA Filing Acceptance System—known as EFAST2—will receive only electronic filing submissions, provide quick responses in the event there are errors in a filing and publicly disclose filed Form 5500 reports through the EFAST Web site.

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The Webcast will take place from noon to 2 p.m. EST, the agency said. More information will be available at www.dol.gov/ebsa or by contacting Patricia Humphlett at 202.693.8660.

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