Overlap, Inc

Overlap has developed and maintains daily, a database composed of the equity holdings of all 1940 Act mutual funds (and numerous insurance company products) in the US. These data are reported to the SEC quarterly, and form the basis for the Overlap report, which measures the amount - in percentage terms - of holdings overlap between the funds in a 401k plan or other portfolio. Generally speaking, holdings overlap of greater than 20% is considered high, and suggests action on the part of the plan or advisor. ERISA requires plan fiduciaries to diversify plan assets, and the one page Overlap report is the most direct means of measuring and documenting this important risk element. We support both individual and institutional users. Individual users logon to and after entering a series of mutual fund tickers, produce a report at the click of a mouse. Plan data can be saved so that quarterly Overlap reporting is virtually automated. For the institutional user, we have developed an automated process whereby Overlap reports for hundreds or thousands of plans - each with different investment fund lineups - can be produced timely for quarterly reporting purposes. These reports can then be private labelled and delivered to both the plan sponsor and participant via statement or website.