New Jersey Operating Engineers Local 825 fringe benefits bonds.
$125 flat.
An employer that signs a collective bargaining agreement with the International Union of Operating Engineers Local 825 to employ union operating engineers posts a $5,000 surety bond for payment guaranteeing its Pension, Welfare, Annuity and other benefit fund contributions. Ours is $125 flat.
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How much does a New Jersey Operating Engineers Local 825 fringe benefits bond cost?
$125 at the $5,000 amount, the same for every applicant.
Three steps. One sitting.
A fringe-benefits fund bond like this is one of the simpler filings in surety. Here's the entire process:
Apply online
Business details, your CBA effective date, and an effective date for the bond. That's the application — plus a one-time consent that authorizes a soft credit pull.
Pay & e-sign
Fringe-benefits bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with the Funds office
Your executed bond and power of attorney arrive by email, ready to submit to the IUOE Local 825 Employee Benefit Funds office at 65 Springfield Avenue, Springfield, alongside your signatory paperwork.
What it is and who needs it.
What the bond actually guarantees
This bond isn't required by New Jersey law — the International Union of Operating Engineers Local 825 Employee Benefit Funds, the multiemployer trust that administers Pension, Welfare, Annuity, Apprenticeship Training, Supplemental Unemployment Benefit, and Vacation funds for Local 825 members, requires it of employers who sign a collective bargaining agreement (CBA) with the Local. The bond stands behind your fringe-benefit contributions for every hour your union operating engineers work covered jobs.
It's a three-party arrangement: you (the principal, the signatory employer), the surety carrier, and the International Union of Operating Engineers Local 825 Employee Benefit Funds (the obligee), with the operating engineers whose benefits depend on those contributions as the protected interest. If a signatory employer falls delinquent on required Pension, Welfare, Annuity, Training, SUB, or Vacation Fund contributions, the Funds can make a claim against the bond to recover what's owed, and partial or multiple claims are allowed up to the bond's face amount.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond has to stay active for as long as you employ Local 825 operating engineers under your CBA, so keep the renewal current alongside your other Funds reporting obligations.
You need this bond if you're
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 $5,000 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; a longer term is the same price per year, chosen at checkout.
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 Funds office. Your executed bond and power of attorney arrive by email, ready to submit to the IUOE Local 825 Employee Benefit Funds office at 65 Springfield Avenue, Springfield, alongside your signatory paperwork.
What sets the price
The premium is fixed at $125 at the $5,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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, issued instantly.
These are the actual issuing fields, including your CBA effective date. The credit section authorizes a soft pull only.
Start the application →Common questions.
Other New Jersey bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Finish your Local 825 paperwork today.
$125 flat, soft pull only, bond often issued in the same sitting. Free until issued.