Explosive 401(k)s
The savings of American workers are financing arms manufacturers making nuclear missiles, cluster bombs, and other controversial military weapons.
Employer 401(k) plans have millions of dollars in employee savings invested in arms manufacturers and military contractors.
Workers find themselves inadvertently supporting industries they may morally oppose: nuclear weapons, cluster munitions, white phosphorus.
Limited fund options restrict employees from aligning their retirement savings with their personal values, while also exposing them to sustainability risk, potentially jeopardizing their financial future.
It's time for our 401(k)s to stop forcing us to invest in war, death, and destruction.
Retirement plans
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Target date fund series
Many 401(k)s are based around target date fund series as the default investment option. Select a target date series to see how much it has invested in arms manufacturer bonds and stocks across the different dates.
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2025 FUNDS OF POPULAR TARGET DATE SERIES
This chart compares 10 popular target date series using the 2025 fund. Those towards the top of the chart have more arms manufacturer exposure in the 2025 fund, and those towards the bottom have less exposure. The 2025 fund is used for the comparison as it is more bond-heavy, being marketed to people who are nearing retirement.
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Methodology
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The results above are based on an analysis of the holdings of mutual funds found in retirement plans of major companies, as well as popular target date funds series used as the default investment option in hundreds of other retirement plans.
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