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Pennsylvania bonds

Pennsylvania — Iron Workers Local No. 404 Fringe Benefits Bond

Identify the employer responsible for the Iron Workers Local 404 fringe demand before applying. Bring its Pennsylvania agreement and contribution references to Purchase Now.

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

What this bond does

The required instrument secures the employer benefit remittances it specifies. Naming a steel project, customer or supplier does not by itself identify that employer.

Who needs it
The business responsible for contributions under the actual Local 404 agreement, rather than an individual worker arranging personal coverage.
Who it protects
Retain the complete required funds or trustees and legal employer. The undertaking does not provide employee insurance or guarantee steel erection workmanship.

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.

Name the employing business rather than the steel project or vendor

Keep the employer agreement and contribution account/report with the written demand. A steel purchase order or project-owner name does not establish who owes the actual Local 404 remittances.

Use the required principal and fund entries instead of assuming every business in the construction chain shares the undertaking. Project payment security concerns a different obligation and does not automatically meet this fringe request.

Sources

Have these ready

  1. Legal employer responsible under the Local 404 agreement.
  2. Complete employer fringe-security demand.
  3. Required contribution account and reporting references.
  4. Exact beneficiaries, instrument, requested sum and dates.
  5. Signing and recipient submission instructions for the issued document.

Questions about this bond

Can I use the project owner or steel supplier as principal?

Follow the actual employer undertaking and required legal entry. A party's name on project or supply paperwork does not establish its contribution responsibility.

Does Fringe Benefits automatically secure direct payroll?

Read the instrument for any added wage promise. The fringe title alone does not establish that scope.

Is ERISA fidelity security the same undertaking?

It addresses dishonest handling of plan assets, whereas this request concerns employer remittances. Neither should be assumed to satisfy the other's purpose.

How do I begin the application?

Purchase Now takes you to Propeller in a new tab. Supply the employer and full Local 404 demand, review the issued form and complete its required execution and delivery. Application completion is not fund acceptance.

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