Lake County pension wage & fringe bonds.
4% of the bond amount.
The Construction Workers Pension Trust Fund of Lake County and Vicinity — a Merrillville, Indiana-based multi-employer pension fund established in 1960 by collective bargaining — requires signatory contractors in its jurisdiction to post a wage and fringe benefit bond guaranteeing payment of covered wages, pension contributions, and other fund contributions. This is a private trust-fund requirement arising from the applicable collective bargaining agreement, not an Indiana statute. Premiums cost 4% of the bond amount, $100 minimum. Enter the amount the fund set and your exact price appears at the application.
Trusted by industry leaders
Apply to filed in one sitting.
No long underwriting queue for the standard wage and fringe bond — enter your amount, consent to a soft pull, and file with the fund. Here is the whole thing:
Apply online
Your company details, the bond amount the trust fund set, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and fringe bonds clear quickly. The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. Larger amounts may get a brief review.
File with the fund
Your executed bond and power of attorney arrive by email, ready to file with the Construction Workers Pension Trust Fund of Lake County. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage & fringe benefit bond actually guarantees
The Construction Workers Pension Trust Fund of Lake County and Vicinity is a multi-employer defined-benefit pension fund based in Merrillville, Indiana, established in 1960 through collective bargaining agreements between unionized construction employers and labor organizations serving Northwest Indiana. It provides retirement, disability, and survivor benefits to covered workers, funded entirely by employer contributions.
A signatory contractor covered by the applicable collective bargaining agreement is required to post a wage and fringe benefit bond guaranteeing timely payment of covered wages and remittance of contributions to the fund. It is a three-party arrangement: you (the principal), the surety carrier, and the trust fund and its trustees (the obligee / protected party). If a signatory contractor fails to pay, the fund can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The required amount is set by the fund from a yearly man-hour average report, publicly described as ranging roughly from $15,000 for a small crew (1–9 workers) up to $100,000 for a 40-or-more-worker crew. Enter the figure the fund set; premiums price at 4% of that amount, $100 minimum, and the application includes a credit consent that authorizes a soft pull only.
You need this bond if you are
One application, then a quick review.
Submit the application with the bond amount the fund set on your man-hour report. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Indiana bonds.
Lake County signatory status waiting on one bond.
Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with the fund the same day.