DISBURSEMENT SERVICES

Disbursement of benefits is often the last step in a class action settlement.   A successful disbursement requires a settlement administrator skilled in analysis and calculation.  It takes attention to detail.

Below is an overview of some of Class Action Administration's disbursement services.

Settlement fund management

CAA offers complete settlement fund management services.  This includes, when necessary, establishing a Qualified Settlement Fund (QSF) and filing the appropriate tax returns.  In previous cases, CAA has been appointed as Escrow Agent for funds ranging up to $100 million.

Benefit calculation

One of the primary tasks of a Claims Administrator is to accurately calculate the settlement benefit due each class member.  No matter how complex the situation, CAA can develop the benefit allocation methodology and apply it to each claim.

Benefit disbursement

CAA can safely and quickly distribute benefits in any form.   For instance, when the situation warrants it, CAA can minimize check fraud by using the issuing bank's positive pay system.  CAA also has the capability to distribute internet-based benefits, such as discount codes, by e-mail.

Tax withholding and reporting

CAA manages tax reporting for settlement disbursements. This includes the issuance of tax statements, such as W-2s and 1099s, to class members.  CAA can calculate the payroll withholding and employer taxes often required in employment class action settlements.  CAA teams with a respected CPA firm to prepare settlement fund tax returns.

Contact us to learn more about how CAA can assist you with your next class action settlement.