MI Iron Workers Local 25 bonds.
From $100. Enter your amount.

An ironworking contractor signatory to Iron Workers Local Union No. 25 posts this bond to guarantee that the wages and welfare-fund contributions it owes actually reach its ironworkers and the union’s trust funds. It is a collective bargaining obligation, not a Michigan license requirement. Premiums cost 4% of the bond amount, $100 minimum. The application includes a credit consent, but it authorizes a soft credit pull only.

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Runs to the union and the trustees of the Local 25 wage and welfare funds named in your agreement

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Backs the wages and health/pension welfare-fund contributions your reports declare each month

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From $100 — soft pull only, never a hard inquiry — enter the amount the fund office names and see your price at application

From $1004% 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.

Signatory paperwork usually has a deadline attached, so this one is built to move: enter the amount, pay, and send the executed bond to the fund office. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the bond amount your agreement names, an effective date, and the credit consent that authorizes a soft pull. That is the application.

INSTANTLY

Issued

Most applications approve instantly. The credit consent authorizes a soft inquiry that never affects your score, and no hard inquiry ever runs on this bond.

SAME DAY

Send it to the fund office

Your executed bond and power of attorney arrive by email, ready to go to the Local 25 wage and welfare fund office. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the wage & welfare bond actually guarantees

When an ironworking contractor signs the Iron Workers Local Union No. 25 agreement, it agrees to pay negotiated wages plus hourly contributions into the local’s wage and welfare trust funds — typically covering health and pension benefits for the crew.

Those wages and contributions are not the contractor’s money to hold. ERISA § 515, 29 U.S.C. § 1145, makes an employer that is obligated to contribute to a multiemployer plan under a collectively bargained agreement pay in accordance with that agreement, and 29 U.S.C. § 1132(g)(2) puts real teeth behind a successful collection suit — unpaid contributions, interest, liquidated damages, and the funds’ attorney fees and costs. Trust funds sue delinquent contractors in federal court on exactly that basis, and a delinquency usually surfaces only after the hours have already been worked.

The bond is how the funds shorten that gap. Rather than chase a contractor after the fact, the trustees hold a surety’s promise that a stated sum stands behind the monthly remittance reports — so wages, health eligibility, and pension credit for the crew do not depend on the contractor’s cash position in a slow quarter. It is not insurance for you: if the surety pays the funds, you repay the surety. Keep it continuous for as long as you are signatory.

Iron Workers Local 25 collective bargaining agreement · ERISA § 515 (29 U.S.C. § 1145)This is a private, contractual bond — Michigan has no statute requiring it. The obligation comes from the collective bargaining agreement between a signatory ironworking contractor and Iron Workers Local Union No. 25, together with the trust agreements governing the Local 25 wage and welfare 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 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.

You need this bond if you are

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Becoming signatory to Iron Workers Local 25 and the agreement conditions it on a wage and welfare bond

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A contractor from outside the jurisdiction taking work covered by the Local 25 agreement

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Replacing an expiring or cancelled bond so your signatory status is never uncovered

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Increasing the bond amount after your covered payroll or monthly contributions grew

One application, then a quick review.

These are the actual issuing fields. The credit consent authorizes a soft pull only — a soft inquiry that never affects your score.

Start the application →

FAQ

Common questions.

How much is the Iron Workers Local 25 wage & welfare bond?Premiums cost 4% of the bond amount, with a $100 minimum. Enter the penal sum your agreement or the fund office names and your exact price appears at the application.

What amount should I enter?The figure your collective bargaining agreement or the fund office specifies. Wage-and-welfare bonds are typically sized off covered payroll and the monthly contribution volume the funds expect from you, so the number is specific to your shop — ask the fund office if your paperwork is silent.

What does the bond guarantee?That the wages and welfare-fund contributions your monthly reports declare actually reach your ironworkers and the Local 25 funds. If they are not paid, the trustees can recover against the bond instead of waiting on a federal collection suit.

Do I pay the full bond amount?No. You pay the premium only. The bond amount is the surety’s maximum exposure if the funds make a valid claim — it is not a deposit, and nobody holds your money.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Related bonds

Other Michigan bonds.

Signatory paperwork waiting on one bond.

Enter the amount the fund office named, see your exact price at the application, and send the executed bond the same day. Free until issued.

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Your premiumfrom $100

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MI Iron Workers Local 25 bonds.From $100. Enter your amount.