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Ohio — IBEW Local No. 683 Wage And Fringe Benefits Bond

Applying for Local 683 employer wage and fringe security? Keep the Ohio electrical agreement, payroll reference and contribution demand together for Purchase Now.

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

What this bond does

The required Local 683 instrument identifies the employer wages and fund remittances being secured, rather than guaranteeing an electrical project.

Who needs it
The employing business responsible for the payment obligations in the demand.
Who it protects
Use the complete required wage, fund or trustee recipients. Securing employer remittances is not the same as providing employee insurance 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.

Identify payroll and fund payments separately

Bring both sets of payment instructions. Wage recipients and legal fund beneficiaries may differ even when the same agreement calls for the security.

Compare the actual Local 683 instrument with the demand. A project's construction payment bond does not by its name establish that it meets this union wage/fringe request.

Sources

Have these ready

  1. Legal employer and Local 683 agreement.
  2. Current wage/fringe security demand.
  3. Payroll and fund remittance/reporting references.
  4. Required form and complete recipients, sum and dates.
  5. Any execution and submission required after issuance.

Questions about this bond

Are wages and fringes paid to the same recipient?

Use the actual payroll, fund instructions and required instrument. Do not assume identical legal recipients for both payments.

Can an existing project payment bond be used?

Compare the exact obligation and recipient requirements. Project payment security does not automatically satisfy the Local 683 wage/fringe demand.

Does this replace plan-asset fidelity coverage?

Employer wage/contribution security addresses payment duties. ERISA fidelity addresses dishonest handling of plan assets; evaluate that separate requirement on its own terms.

Where do I apply?

Purchase Now opens Propeller in a new tab. Enter the employer and request details. After issuance, check the instrument and complete required execution and delivery. The application is not acceptance.

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