This is a private, contractual bond — Michigan has no statute requiring it. The obligation comes from the collective bargaining agreement between a signatory electrical contractor and IBEW Local 252, together with the trust agreements governing the Local 252 benefit funds; the obligee named on the bond is the union or the trustees of those funds, so confirm the exact wording with the fund office before the bond is issued. The federal backdrop for the fringe-benefit side is ERISA § 515, 29 U.S.C. § 1145, which requires an employer obligated to contribute to a multiemployer plan under a collectively bargained agreement to make those contributions in accordance with the agreement, and ERISA § 502(g)(2), 29 U.S.C. § 1132(g)(2), which awards unpaid contributions, interest, liquidated damages and fees in a successful collection action; suits on the agreement itself are brought under LMRA § 301, 29 U.S.C. § 185. We have not independently verified a specific Michigan wage-bond statute tied to this agreement, so any state-law wage claim is described here only in general terms — confirm specifics with the fund office.

What the wage & fringe benefits bond actually guarantees

You need this bond if you are

Your wage & fringe benefits bond is in process. Most issue right after purchase; a larger penal sum can draw a short underwriter review first. The executed bond then arrives by email, ready to send to the fund office.

4% of the bond amount plus a $25 fee, $125 minimum: the MI IBEW Local 252 wage-and-fringe-benefit bond for inside wiremen, posted under the local’s CBA.

IBEW Local 252 Wage and Fringe Benefits Bond

IBEW Local No. 252 - Wage and Fringe Benefits for Inside Wiremen

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.