A coalition of more than 20 organizations, led by Campaign to Unload and States United to Prevent Gun Violence, has launched a campaign to wipe out gun manufacturers from 401(k) portfolios.
Unloadyour401k.com was launched yesterday. It represents a new tool and new tactic in the country's strident debate over gun control and gun violence: individuals divesting the nation's biggest gun manufacturers from their 401(k) retirement plans.
The campaign targets Sturm Ruger (RGR), Smith & Wesson (SWHC), and Olin (OLN). When combined, nearly half of the value of these three companies is held in individuals' mutual funds.
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