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Kentucky bonds

Kentucky — Plumbers And Pipefitters Local No. 502 Wage And Welfare Bond

Have a Plumbers and Pipefitters Local 502 employer wage/welfare demand? Bring the Kentucky agreement and current fund instructions to Purchase Now.

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

What this bond does

The requested form defines the employer wages and welfare remittances secured, not pipework completion or plumbing performance.

Who needs it
The employing business responsible for the payments in that Local 502 request.
Who it protects
Use the complete required wage, fund or trustee names. A similar plumbers/pipefitters local does not establish the same recipients or employee insurance coverage.

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.

Keep Local 502's request with the applicable agreement

Bring payroll and contribution instructions matching the actual demand. If the business works under more than one local's agreement, do not copy another local's fund schedule or bond wording merely because the trade is the same.

A construction project's payment bond is also not an automatic substitute. Compare the actual employer payment undertaking, beneficiaries and required form before completing the application.

Sources

Have these ready

  1. Employer legal identity and applicable Local 502 agreement.
  2. Current union wage/welfare security demand.
  3. Matching payroll and contribution-reporting references.
  4. Complete legal recipients, required form, requested sum and dates.
  5. Any execution and recipient delivery required after issuance.

Questions about this bond

Can I reuse another local's fund schedule?

Match the Local 502 demand and applicable agreement. A shared trade does not establish identical beneficiaries, contributions or form acceptance.

Does the bond guarantee the plumbing or pipework?

This offering concerns the employer labor payments in the required instrument. Workmanship and project completion are different obligations.

Is this protection against plan-asset dishonesty?

That is a distinct fidelity risk. Employer wage/welfare security does not establish a plan's ERISA fidelity compliance.

How do I proceed online?

Purchase Now opens Propeller in a new tab. Enter the employer and complete Local 502 request. Check any issued instrument and complete required execution and submission. Applying is not recipient acceptance.

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