29 U.S.C. § 1112 requires every fiduciary of an employee benefit plan, and every person who handles funds or other property of the plan, to be bonded for at least 10% of the funds handled in the prior reporting year — never less than $1,000, never more than $500,000. There is no New York statute governing this filing; it is a federal requirement tied to the specific role a person holds with the Local No. 7 Plumbers & Steamfitters wage and fringe benefit funds. This filing is written at a fixed $50,000 penal sum. Confirm your required amount and renewal terms with the Local 7 Funds office before applying.

What the bond actually guarantees

You need this bond if you're

Plan fidelity bonds like this usually clear fast — many issue right after purchase, and at most within 1–2 business days. Your e-signed bond will arrive by email, ready to file.

Local 7 Plumbers & Steamfitters Wage & Fringe Benefits Bond: $2,000 flat, the ERISA § 412 fidelity bond for a fiduciary or fund official of the $50,000 filing.

Local No. 7 Plumbers & Steamfitters Union - Wage and Fringe Benefits ($50,000)

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.