The owners of Hobby Lobby have such strong objections to providing employees with comprehensive contraceptive coverage that they have taken their case all the way to the United States Supreme Court. But the privately held corporation's qualms with basic medical care don't seem to carry over to its retirement portfolio, according to a report from Molly Redden at Mother Jones.
Redden examined documents filed with the Department of Labor three months after the company's owners filed the lawsuit challenging the contraception provision of the Affordable Care Act and found that the Hobby Lobby 401(k) "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."
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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.