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Kentucky bonds

Kentucky — IBEW Local No. 369 Benefit & Retirement Fund Bond

Prepare the employer's Local 369 benefit and retirement fund security with the current remittance request. Purchase Now starts the provider application for this Kentucky offering.

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Recorded state
Kentucky
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

The bond concerns employer payments to the benefit and retirement interests named in the required instrument. It does not establish an employee's pension entitlement or guarantee investment results.

Who needs it
The employer asked to furnish Local 369 fund contribution security.
Who it protects
Follow the exact fund or trustee designations in the request. The applying employer is different from the people handling plan assets and the workers receiving benefits.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Separate employer remittances from plan-asset fidelity

Use the employer agreement, contribution instructions and account reference to identify the payments being secured. A benefit-and-retirement title is not a complete list of plan beneficiaries or contribution rates.

ERISA fidelity protection addresses its stated dishonest-handling risk for plan assets. This employer contribution request is a different undertaking, as are employee insurance benefits and project construction payment security.

Sources

Have these ready

  1. Employer legal identity and applicable agreement.
  2. Local 369 benefit/retirement security demand.
  3. Fund remittance and reporting references.
  4. Full recipients, required form, sum and dates.
  5. Post-issuance execution and fund delivery instructions.

Questions about this bond

Is this a retirement plan fidelity bond?

This offering concerns employer contribution security. Match the request's undertaking rather than selecting it solely because both products mention benefit plans.

Are direct wages also included?

The title identifies benefit and retirement funds. Read the required instrument for any direct wage obligation instead of assuming one.

Which amount and term should I enter?

Use the current fund demand for this employer. Neither is stated here, and the plan's total assets do not establish an employer contribution-security amount.

Where does Purchase Now lead?

It opens Propeller in a new tab for the application. After issuance, check the form, arrange required execution and deliver it to the designated office. Starting online does not establish fund acceptance.

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