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New Jersey bonds

New Jersey — IBEW Local No. 351 Wage And Welfare Bond

Bring the Local 351 employer wage-and-welfare demand with the New Jersey agreement to Purchase Now. Keep complete legal beneficiaries with any collection or reporting instructions.

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

What this bond does

The required instrument identifies employer wages and welfare remittances secured. An office that collects a payment is not established by that role alone as the bond's sole obligee.

Who needs it
The business responsible for labor payments under its actual IBEW Local 351 agreement.
Who it protects
Use the required wage, union, fund or trustee entries. Employer payment security does not purchase employee insurance or establish plan fidelity protection.

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.

Bring the full agreement and security demand along with payroll and employer welfare-reporting references. If remittances are directed through an office or administrator, retain those instructions without assuming the collection name replaces every required legal fund or trustee.

The actual instrument must supply complete beneficiary entries. A project payment bond's obligee or a familiar reporting contact cannot be assumed to satisfy the Local 351 employer undertaking.

Sources

Have these ready

  1. Legal employer and applicable Local 351 agreement.
  2. Complete wage/welfare security demand.
  3. Payroll and actual reporting/collection instructions, if applicable.
  4. Full legal beneficiaries, required form, requested sum and dates.
  5. Issued-bond execution and recipient submission directions.

Questions about this bond

Is the collection office automatically the sole obligee?

That role alone does not establish the bond's legal beneficiaries. Follow the required instrument's complete entries.

Can a reporting contact replace the fund/trustee names?

Keep the contact for reporting purposes, but use the actual demand for the legal security wording.

Does this establish ERISA fidelity compliance?

Employer labor payments differ from protecting plan assets against dishonest handling. A collection or administrative role does not establish that separate fidelity arrangement.

Where do I start online?

Select Purchase Now for Propeller's new-tab application with the full Local 351 employer request. Check the issued form and complete required signing and delivery. Applying does not establish the recipients' acceptance.

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