Now, I'm just a N00b, so you can take this with a grain of salt, but if memory serves me, no...wait. It won't have to. I just confirmed it by doing it. (Cutline 3 col-split). Go to your dashboard > manage > pages > Archives > edit > page template, select Archives and save the page. This makes the archives page functional. As for the rest, I know you are an experienced WordPress user, so have at it and above all have fun!
By the way, Thank you to all the WordPress users and forum contributors who have provided me with an absolute gold mine full of their hard earned knowledge and experience; for free, on their own time, and without once feeling the need to attempt the verbal disembowelment or degradation of a total stranger.
Happy New Year.