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New Jersey bonds

New Jersey — IBEW Local No. 400 Wages, Welfare And Fringe Benefits Bond

Keep wages, welfare and fringe instructions with the full Local 400 employer request. Bring the New Jersey agreement and required legal fund entries to Purchase Now.

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

What this bond does

The actual instrument defines the employer payments secured. Three payment labels do not establish three separate bonds or independent limits.

Who needs it
The business responsible for wages and benefit remittances under its actual IBEW Local 400 agreement.
Who it protects
Preserve all required wage, union, fund or trustee entries. This union employer request is not employee insurance or automatic approval of a self-insured benefit plan.

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 union labor payments separate from private-plan approval

Use the complete Local 400 instrument for the actual wage/welfare/fringe schedule and legal recipients. The title alone does not assign a beneficiary or a separate amount to each label.

New Jersey's official self-insured Temporary Disability private-plan packet describes its own plan-application and financial-responsibility process. That separate process does not establish this Local 400 form, make a state agency its obligee or show that the union bond satisfies private-plan security and approval.

Sources

Have these ready

  1. Legal employer and applicable Local 400 agreement.
  2. Complete demand retaining wages, welfare and fringe instructions.
  3. Payroll and actual employer fund-reporting references.
  4. Full legal beneficiaries, required form, requested sum and dates.
  5. Recipient execution and submission directions for the issued bond.

Questions about this bond

Do the three labels mean three independent limits?

The actual required wording governs. The title does not establish separate instruments, allocations or full limits for each label.

Does this approve a self-insured Temporary Disability plan?

Do not assume it satisfies that separate process. The checked state private-plan packet does not verify Local 400 security or plan approval through this offering.

Is ERISA fidelity protection equivalent?

Plan-asset protection against dishonest handling differs from the employer's wage and contribution duties. The required labor-payment instrument is not automatically that fidelity protection or project payment security.

How do I apply for the union request?

Select Purchase Now to open Propeller in a new tab with the employer's complete Local 400 demand. Review the issued instrument and finish required execution and delivery. Applying does not establish union/fund acceptance or state private-plan approval.

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