Class Action Administration Services:
Settlement Fund Administration
Settlement Fund Administration Services Include:
- Calculation of settlement amounts, including tax withholdings and liability
- Establishment and maintenance of Qualified Settlement Fund (QSF)
- Establishment and maintenance of Settlement Account through a federally insured bank
- Issuance of settlement checks, W2’s. and 1099’s
- Monthly bank reconciliation
- Handling of all payments and reporting to state and federal authorities (i.e. IRS)