OKADC wage, welfare & pension bonds.
$750 flat.
A signatory employer posts this bond so the wage expense, welfare, and pension contributions it owes reach the trust funds the Ohio-Kentucky Administrative District Council administers. It is a collective bargaining obligation, not an Ohio licensing requirement, and the council fixes this filing at a $25,000 bond. Ours is $750 flat.
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How much does an OKADC wage, welfare & pension bond cost?
$750 at the $25,000 amount, the same for every applicant.
Three steps. One sitting.
A new signatory agreement usually comes with a start date attached, and the funds office wants the bond in hand before the first report. Here’s the entire process:
Apply online
Business details, an effective date, and the credit consent that authorizes a soft pull. That’s the application.
Pay & e-sign
Most applications approve instantly — the consent only authorizes a soft inquiry that won’t affect your score. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
Send it to the funds office
Your executed bond and power of attorney arrive by email, ready to send to the OKADC funds office that administers your plans and collects the periodic reports. Wet-ink original mailed on request.
What it is and who needs it.
What the OKADC wage, welfare & pension bond actually guarantees
When an employer signs a collective bargaining agreement with the Ohio-Kentucky Administrative District Council, it takes on negotiated wage rates and employer contributions to the council’s trust funds — typically wage expense, health and welfare, and pension. A wage, welfare & pension bond is the security the funds office can require a signatory employer to post so those reported contributions actually reach the funds they are owed to.
It’s a three-party arrangement: you (the principal), the surety carrier, and the Ohio-Kentucky Administrative District Council and its trust funds (the obligee). If a signatory employer becomes delinquent on a required report or payment, the funds office can make a claim against the bond, up to the bonded $25,000, to recover the shortfall — the surety then seeks reimbursement from the employer.
This is a private, contractual bond, not an Ohio state licensing requirement — no state agency issues it or receives it. The obligation runs from the collective bargaining or signatory agreement between the employer and the council. We price this specific filing at $750 flat, and the application includes only a soft credit consent — never a hard inquiry.
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 $25,000 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
Pay & e-sign. Most applications approve instantly — the consent only authorizes a soft inquiry that won’t affect your score. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
What sets the price
The premium is fixed at $750 at the $25,000 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. The credit consent authorizes a soft pull only — a soft inquiry that never affects your score.
Start the application →Common questions.
Other Ohio bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status waiting on one bond.
$750 flat, no hard credit pull, bond often issued in the same sitting. Free until issued.