Laborers 264 & 1290 fund bonds.
From $100.
Anyone who handles funds or property of the Laborers Local Union Nos. 264 & 1290 Wage and Trust Fund must be bonded under the federal fidelity-bond rule at ERISA §412 (29 U.S.C. §1112). The plan sets the amount, generally at least 10% of the funds handled. The premium is 4% of the bond amount, $100 minimum.
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How much does a Laborers 264 & 1290 fund bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for a standard fund fidelity bond — enter your amount, pay, and file with the fund. Here is the whole thing:
Apply online
Your details, your role with the fund (trustee, administrator, employee handling funds), the bond amount, and the effective date, plus a one-time soft credit consent.
Issued
The consent authorizes a soft pull only — it never affects your score. Pricing lands at 4% of the bond amount, $100 minimum.
File with the fund
Your executed bond and power of attorney arrive by email, ready to file with the fund's trustees or the plan's administrative office. Wet-ink original mailed on request.
What it is and who needs it.
What the fund fidelity bond covers
The Laborers Local Union Nos. 264 & 1290 Wage and Trust Fund is an employee benefit plan administered for members of the Missouri-Kansas Laborers' District Council locals based in the Kansas City area. Federal law — ERISA §412, 29 U.S.C. §1112 — requires every plan official who handles funds or other property of the plan to be covered by a fidelity bond, unless a narrow statutory exemption applies.
The bond protects the fund against loss from fraud or dishonesty by a bonded person — theft, embezzlement, forgery, misappropriation, and similar acts — not against ordinary investment loss or a bad business decision. Coverage must generally equal at least 10% of the funds handled in the preceding plan year, with a $1,000 statutory minimum per plan official and typically a $500,000 cap per plan (higher if the plan holds employer securities).
It is not insurance for you — it protects the fund's participants and beneficiaries from a dishonest act by someone with access to plan money. If a claim is paid, the bonded person is liable to reimburse the surety. Confirm the exact amount your role requires with the fund's trustees or plan administrator; we issue whatever figure applies, from a $100 minimum.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the fund. Your executed bond and power of attorney arrive by email, ready to file with the fund's trustees or the plan's administrative office. Wet-ink original mailed on request.
What sets the price
The premium is 4% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then a quick review.
Submit the application with the bond amount the fund's trustees set. The credit consent covers a soft pull only — it never affects your score.
Start the application →Common questions.
Other Missouri bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Fund fidelity bond, filed today.
From $100, with your exact price at the application. Enter the amount the fund requires and file the same day.