NJ Plumbers Local 24 wage bonds.
From $100. Enter your amount.
A contractor signatory to Plumbers Local No. 24, based in West Caldwell, New Jersey, posts a wage and welfare bond to the union's benefit fund trustees as part of its collective bargaining agreement. The bond guarantees timely, complete contributions to the welfare and pension plans the CBA requires. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
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Wage and welfare bonds are simple to issue. Enter your amount, consent to a soft pull, and deliver it to the benefit funds office. Here is the whole thing:
Apply online
Your company details, the obligee (Plumbers Local No. 24 Benefit Funds), the bond amount your CBA requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and welfare bonds clear right away; the soft credit pull informs approval and never affects your score — pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with the benefits office
Your executed bond and power of attorney arrive by email, ready to deliver to the Plumbers Local No. 24 benefit funds office so you can begin or continue work under your CBA. Wet-ink originals mailed on request.
What it is and who needs it.
What the Local 24 wage welfare bond actually guarantees
Plumbers Local No. 24, headquartered in West Caldwell, negotiates collective bargaining agreements with signatory contractors that obligate the employer to pay negotiated wages and remit welfare and pension contributions for every hour a covered journeyman or apprentice works. The wage and welfare bond is the funds' financial guarantee that those contributions actually arrive.
It is a three-party arrangement: you (the principal, the signatory contractor), the surety carrier, and the trustees of the Local 24 welfare and pension funds (the obligee), for the protection of the plumbers and pipefitters whose benefits depend on those contributions. If a contractor falls behind on wages or fund contributions its CBA requires, the trustees can make a claim, and — after grievance procedures the CBA sets out — draw on the bond for the shortfall; the contractor then repays the surety.
This is a private contractual requirement, not a state-mandated bond — the amount is set by the union or benefit funds trustees based on the terms of your CBA and your covered workforce, and the bond must stay in force for the life of the agreement, typically renewed annually alongside it. Enter the figure your CBA requires; your premium is priced from a $100 minimum after a quick soft credit check that never affects your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including your company details and a one-time consent to a soft credit pull. The pull never affects your score, and your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other New Jersey bonds.
Keep your Local 24 CBA in good standing.
Premiums from $100, soft pull only. Enter the amount your agreement requires and deliver it to the benefits office the same day.