Well here is a financial analysts comments who dug in to Hobby - TopicsExpress

Well here is a financial analysts comments who dug in to Hobby Lobbys 401K. Thanks to Dwight Pond and Steve Jones... the retirement plan is a 401k in fact an American Funds 401k. This is my field and I am very familiar with this plan. I have reviewed their 5500 filing at the Dept. of Labor web site and on this site you can see all investment in the plan. Their 401k is invested exclusively in American Funds. This is a good plan. American Funds invests both in American and Foreign funds. They invest primarily in large cap companies. In most instances they function as an almost index fund. Probably all companies in the SP 500, Nasdaq, and MSCI EAFE are or were represented at one time or another. There are pharmacy companies in this mix. From everything I can see there is no effort to seek out pharmaceutical companies. There are no individual equities in the 401k. This article is extremely misleading and many people fell into the trap of believing this article. If they tried to get pharmaceutical companies out of this mix they would most likely be in violation of their fiduciary duty. This could result in the invalidation of the whole retirement plan which is a big penalty from the DoL and the IRS. Pay close attention to the author of this report. She has mislead many people. If you would like a copy of Hobby Lobbys 5500 filing I will send it to you. It is a public record.

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