The liberal idiots in this string also don't understand how ERISA works either. You want to put moral restrictions in your own stock dealings, that's up to you. But, if you attempt to do this in an employer plan and the FIRST time you have a loss, you will be sued for breach of fiduciary duty. Why do you think pretty much all plans are now invested with huge national mutual funds that allow their employees to pick and choose which mutual funds they want to invest in.

You limit your employees "choices" according to your moral beliefs and you will get sued, and will, most likely lose.

This post was edited on 4/2/14 at 7:45 am

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Posted by BigJim

Baton Rouge

Member since Jan 2010

14596 posts

Posted on 4/2/14 at 8:45 am to MMauler

quote:
The liberal idiots in this string also don't understand how ERISA works either. You want to put moral restrictions in your own stock dealings, that's up to you. But, if you attempt to do this in an employer plan and the FIRST time you have a loss, you will be sued for breach of fiduciary duty. Why do you think pretty much all plans are now invested with huge national mutual funds that allow their employees to pick and choose which mutual funds they want to invest in.

You limit your employees "choices" according to your moral beliefs and you will get sued, and will, most likely lose

This x1000000

You set up a 401k for your employees, the EMPLOYEES decide where the funds are invested. Calling Hobby Lobby hypocrites for allowing their employees to invest their funds is like chastising them because employees might use their salaries for purchase the (very limited) group of contraceptives they are morally opposed to.

I understand both sides of the lawsuit, but this is a truly stupid attempt by ignorant people to discredit their opponents.

I award you no points and may God have mercy on your soul.

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