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Hobby Lobby’s Hypocrisy: The Company’s Retirement Plan Invests in Contraception Manufacturers

Posted on July 1st, 2014 at 9:23 by John Sinteur in category: News -- Write a comment

[Quote]:

Documents filed with the Department of Labor and dated December 2012—three months after the company’s owners filed their lawsuit—show that the Hobby Lobby 401(k) employee retirement plan held more than $73 million in mutual funds with investments in companies that produce emergency contraceptive pills, intrauterine devices, and drugs commonly used in abortions. Hobby Lobby makes large matching contributions to this company-sponsored 401(k).

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