In April 2014, Mother Jones magazine published an article
reporting that Hobby Lobby, a national chain of craft stores that has been fighting on religious grounds a provision of the Affordable Care Act (i.e., Obamacare) requiring businesses to provide insurance coverage to their employees for contraceptives, nonetheless has significant investments of their own in companies that produce contraceptives. (Hobby Lobby's stated objection is not to all forms of contraceptives, but rather to certain forms of contraceptives, such as morning-after pills and IUDs, which they consider to be abortifacients.)
According to Mother Jones, as of December 2012 Hobby Lobby's 401(k) employee retirement plan had
Several of the mutual funds in Hobby Lobby's retirement plan have holdings in companies that manufacture the specific drugs and devices that the Green family, which owns Hobby Lobby, is fighting to keep out of Hobby Lobby's health care policies: the emergency contraceptive pills Plan B and Ella, and copper and hormonal intrauterine devices. These companies include Teva Pharmaceutical Industries, which makes
Documents filed with the Department of Labor and dated December 2012 — three months after the company's owners filed their lawsuit [against the federal government] — show that the Hobby Lobby 401(k) employee retirement plan held more than
Although this information was widely touted as demonstrating hypocrisy on the part of Hobby Lobby, some aspects of it are uncertain. The reported information dates from 2012, and it's not known whether Hobby Lobby has made changes to its retirement plan since then. Additionally, Hobby Lobby reportedly provides its employees with the option of making 401(k) investments in