Advisory Opinion 2007-07A

This document is an advisory opinion from the U.S. Department of Labor Employee Benefits Security Administration regarding the use of pension plan assets by plan fiduciaries to further policy or political issues through proxy resolutions. The opinion clarifies that such use of plan assets would violate ERISA's prudence and exclusive purpose requirements unless the fiduciary can demonstrate a reasonable expectation that the action will enhance the value of the plan's investment.