New Jersey — IUOE Local 825 Employee Benefit Funds Bond
Need to secure contributions to the IUOE Local 825 Employee Benefit Funds in New Jersey? Prepare your employer and collective bargaining agreement details, then use Purchase Now to start the provider application. The Funds' published 2025 form specifies a $25,000 bond.
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- Recorded state
- New Jersey
- Bond type
- Wage, Welfare & Union Benefits Bond
- Category
- Employment, wages & benefits
What this bond does
The bond protects the IUOE Local 825 Employee Benefit Funds by guaranteeing the payment of fringe benefit contributions for employees performing covered work. It provides a source of collection for the Obligee should an employer default on their payment obligations defined in the collective bargaining agreement.
- Who needs it
- Employers who are signatories to a collective bargaining agreement with the International Union of Operating Engineers Local 825 and are required by that agreement to secure their fringe benefit payment obligations.
- Who it protects
- The bond protects the IUOE Local 825 Employee Benefit Funds, which include the Pension Fund, Welfare Fund, Apprenticeship Training and Re-Training Fund, Supplemental Unemployment Benefit Funds, Savings Fund, and Profit Sharing Fund.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- IUOE Local 825 Employee Benefit Funds Bond Form (opens in a new tab)Checked October 23, 2026
Have these ready
- For the application, have the employer's legal name, address and signatory details from your collective bargaining agreement.
- Keep the Funds' bond request and current form handy. Compare its amount with the $25,000 specified in the published 2025 form.
- Prepare the applicable agreement and contribution reporting details; the agreement sets the contribution calculation and rates.
- For delivery after issuance, use the Fund Administrator's instructions. The published form lists 65 Springfield Avenue, Second Floor, Springfield, New Jersey 07081.
Questions about this bond
What happens if my company fails to file remittance reports?
Under paragraph 10 of the 2025 form, missing reports do not prevent collection. The Funds may estimate hours using the highest reported month in the preceding 12 months and apply the current contribution rate, plus interest and other damages.
Are partial or multiple claims allowed under this bond?
Yes, partial and multiple claims are permitted, provided the aggregate total of all claims does not exceed the $25,000.00 bond amount.
Can the Surety terminate the bond at any time?
Paragraph 5 of the 2025 form requires at least 60 days' written notice to the employer and the Funds, delivered as paragraph 4 directs. Termination leaves the surety liable for covered delinquencies that accrued before the termination date.
Is this the same as ERISA fidelity or employee insurance?
No. This bond secures the employer's contributions to the Local 825 Funds. ERISA fidelity coverage concerns dishonest handling of plan assets, employee insurance supplies benefits, and a construction payment bond secures project payment obligations.