Disbursement of settlement benefits is the last and most anticipated step in class action settlement administration. Our experts provide expert analysis and calculation to every aspect of this step, and pay the utmost attention to detail.
From opening disbursement accounts to reconciling the account after the disbursement is made, we manage every aspect of the settlement fund—including establishing a Qualified Settlement Fund (QSF) and filing the appropriate tax returns. We can also serve as Escrow Agent, which our principals have done for funds in the billions of dollars.
JND Class Action Administration’s benefits expertise helps us implement even the most complex allocation methodology and apply it to individual class members—a key requirement in accurately calculating the benefit due each.
The team at JND Class Action Administration has disbursed billions of dollars in settlement benefits in a wide variety of forms—checks, wages, credits, gift cards, vouchers, and electronic benefits. We are able to do so working through our proprietary technology.
At the end of the settlement, we efficiently manage all tax reporting for disbursements—including issuing tax statements to class members, preparing settlement fund tax returns, and calculating any payroll withholding and employer taxes required in employment class action