MD ironworkers fringe benefit bonds.
4% of the bond amount.

The International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers, Local Union No. 5 covers signatory contractors working in Maryland, D.C., Virginia, and West Virginia. Under Section 18 of the Local 5 working agreement, the trustees of the Local’s trust funds can require a contractor who falls delinquent to post a bond guaranteeing future fringe-benefit contributions. Premiums cost 4% of the bond amount, $100 minimum, and the application collects no credit information.

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Authorized under Section 18 of the Local Union No. 5 working agreement — "Bonds, Security Deposits, Letters of Credit"

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Triggered when an employer is delinquent 10+ working days twice in any 12-month period on health, pension, apprenticeship, or other fund contributions

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Sized by crew: 1–5 workers $10,000; 6–10 $20,000; 11–20 $30,000; 21+ $50,000 — enter your crew’s amount and see your exact price

4%of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

Enter the amount that matches your crew size, consent to a soft pull, and file with the Local 5 trust funds office. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the number of ironworkers you employ, the corresponding bond amount, and the effective date — plus a one-time consent to a soft credit pull.

INSTANTLY

Approved

The application collects no credit information, and most applications approve instantly — pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review; if a check ever runs, it is a soft pull that will not touch your score.

SAME DAY

File with the trust funds office

Your executed bond and power of attorney arrive by email, ready to file with the Iron Workers Local Union No. 5 trust funds office to satisfy the Trustees’ requirement. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the ironworkers fringe-benefit bond actually guarantees

Contractors signatory to the Local Union No. 5 working agreement (International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers) make monthly contributions to the Local’s health and welfare, pension, apprenticeship and training, and related trust funds on behalf of every ironworker they employ. Section 18 of that agreement, titled "Bonds, Security Deposits, Letters of Credit," lets the trustees of those funds require security when a contractor’s payment history warrants it.

Specifically, if an employer is delinquent ten or more working days in making the required contributions twice in any twelve-month period, the trustees may, at their discretion, require the employer to provide a bond, cash security deposit, or letter of credit. The trustees may also require any employer who becomes signatory to the agreement on or after June 29, 1989 to post one as a condition of signing, regardless of payment history.

The bond guarantees payment of the contribution amounts due, plus liquidated damages, interest, attorneys’ fees, audit costs, court costs, and any other collection expenses the trust funds incur. The agreement sets the amount by the size of the employer’s crew: $10,000 for 1 to 5 workers, $20,000 for 6 to 10, $30,000 for 11 to 20, and $50,000 for more than 20. An employer who cannot secure a bond, deposit, or letter of credit must instead remit contributions weekly, collected by the jobsite steward — and the union may withhold manpower from an employer that is unbonded or delinquent. We price the bond from a $100 minimum, and the application collects no credit information.

Local Union No. 5 working agreement, § 18 (Bonds, Security Deposits, Letters of Credit)Section 18 of the working agreement between Local Union No. 5 of the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers and its signatory employers provides that if an employer is delinquent ten or more working days in making required fund payments twice in any twelve-month period, the trustees of the funds may, in their discretion, require the employer to provide a bond, cash security deposit, or letter of credit; the trustees may also require any employer signatory on or after June 29, 1989 to do so. The bond guarantees payment of the required contributions plus liquidated damages, interest, attorneys’ fees, audit costs, and court costs, in the amount of $10,000 for 1 to 5 workers, $20,000 for 6 to 10, $30,000 for 11 to 20, or $50,000 for more than 20 workers. This is a private contractual requirement arising under the collective bargaining agreement, not a Maryland statute. Confirm your crew-size tier and required amount with the Local 5 trust funds office.

You need this bond if you are

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A signatory contractor the trustees have flagged as delinquent twice within a 12-month period on fund contributions

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Newly signing the Local 5 working agreement and the trustees require a bond as a condition of signing

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Renewing an existing fringe-benefit bond before it lapses and the union withholds manpower

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Choosing a bond over weekly cash remittance to keep contributions on a normal monthly cycle

One application, then a quick review.

Submit the application with the bond amount that matches your crew size. Larger amounts may get a brief underwriter review, usually within 48 hours.

Start the application →

FAQ

Common questions.

How much is the Iron Workers Local 5 fringe benefits bond?Premiums cost 4% of the bond amount, with a $100 minimum. The bond amount itself is set by crew size under Section 18 of the Local 5 working agreement: $10,000 for 1–5 workers, $20,000 for 6–10, $30,000 for 11–20, and $50,000 for more than 20. Enter your tier and your exact price appears at the application.

What amount should I enter?Match your crew size to the working agreement’s tiers: $10,000 (1–5 workers), $20,000 (6–10), $30,000 (11–20), or $50,000 (more than 20). If the trust funds office gave you a specific figure, use that instead.

What does the bond guarantee?It guarantees your contributions to the Local 5 trust funds — health and welfare, pension, apprenticeship and training, and related funds — plus liquidated damages, interest, attorneys’ fees, audit costs, and court costs if you fall delinquent. It protects the funds and the ironworkers who rely on them, not you.

Where do I file it?File the executed bond and power of attorney with the Iron Workers Local Union No. 5 trust funds office. We email you the signed documents the same day so you can satisfy the trustees’ requirement promptly.

Is there a credit check?The application collects no credit information, and most applications approve instantly. Larger bond amounts may get a brief underwriter review — if a check ever runs, it is a soft pull that will not touch your score.

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Fringe-benefit bond, filed today.

Premiums cost 4% of the bond amount, $100 minimum. Match your crew size and file with the trust funds office the same day.

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Your premiumfrom $100

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MD ironworkers fringe benefit bonds.4% of the bond amount.