Healthcare Provider Update: Healthcare Provider for Sinclair Broadcast Group: Sinclair Broadcast Group employees typically have their healthcare needs covered by a network of providers that may include major insurers such as UnitedHealthcare, Anthem, and Cigna. These companies participate in employer-sponsored plans, facilitating access to a range of healthcare services for employees. Healthcare Cost Increases in 2026: As Sinclair Broadcast Group approaches 2026, employees should brace for significant increases in healthcare costs. Following trends in the broader market, premiums for Affordable Care Act (ACA) marketplace plans could rise dramatically, with some states projecting hikes exceeding 60%. The potential loss of enhanced federal premium subsidies coupled with rising medical costs poses a double threat, leading to estimates where many individuals may face a staggering 75% increase in out-of-pocket premiums. Consequently, Sinclair employees will need to navigate these changes carefully when selecting their healthcare plans for the upcoming year. Click here to learn more
More and more Sinclair Broadcast Group employees are investing in their futures through 401(k) plans. Sinclair Broadcast Group employees who participate in 401(k) plans assume responsibility for their retirement income by contributing part of their salary and, in many instances, by directing their own investments.
As a Sinclair Broadcast Group employee, if you are among those who direct your investments, you will need to consider the investment objectives, the risk and return characteristics, and the performance over time of each investment option offered by your plan. Fees and expenses are one of the factors that will affect your investment returns and will impact your retirement income. This article will outline some of the major factors that may impact the severity of fees relating to your Sinclair Broadcast Group 401(k) plan:
'Fees and expenses are one of the factors that will affect your investment returns and will impact your retirement income.' |
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Funds that are “actively managed” (i.e., funds with an investment adviser who continually researches, monitors, and actively trades the holdings of the fund to seek a higher return than the market) generally have higher fees. The higher fees are associated with the more active management provided and sales charges from the higher level of trading activity. As a Sinclair Broadcast Group employee, you may want to consider how while actively managed funds seek to provide higher returns than the market, neither active management nor higher fees necessarily guarantee higher returns.
Funds that are “passively managed” generally have lower management fees. Passively managed funds seek to obtain the investment results of an established market index, such as the Standard and Poor’s 500, by duplicating the holdings included in the index. Thus, passively managed funds require little research or trading activity. For Sinclair Broadcast Group employees, it is worthy to account for the information when deciding who will manage your funds, and if their rates are adequate for the services provided.
If the services and investment options under your plan as a Sinclair Broadcast Group employee are offered through a bundled program, then some or all of the costs of plan services may not be separately charged to the plan or to your employer. For example, these costs possibly may be subsidized by the asset-based fees charged on investments. Compare the services received in light of the total fees paid.
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Plans with more total assets may be able to lower fees by using special funds or classes of stock in funds, which generally are sold to larger group investors. “Retail” or “brand name” funds, which are also marketed to individual and small group investors, tend to be listed in the newspaper daily and typically charge higher fees. As a Sinclair Broadcast Group employee, you should inform your employer of your preference.
Optional features, such as participant loan programs and insurance benefits offered under variable annuity contracts, involve additional costs. Consider whether they have value to you as a Sinclair Broadcast Group employee. If not, let your employer know.
Retirement plans, such as 401(k) plans, are group plans. For those working in Sinclair Broadcast Group, your employer may not be able to accommodate each employee’s preferences for investment options or additional services.
What type of retirement savings plan does Sinclair Broadcast Group offer to its employees?
Sinclair Broadcast Group offers a 401(k) retirement savings plan to its employees.
Is there an employer match for contributions made to the 401(k) plan at Sinclair Broadcast Group?
Yes, Sinclair Broadcast Group provides an employer match for employee contributions to the 401(k) plan, subject to certain limits.
How can employees at Sinclair Broadcast Group enroll in the 401(k) plan?
Employees at Sinclair Broadcast Group can enroll in the 401(k) plan through the company's benefits portal or by contacting the HR department for assistance.
What is the eligibility requirement for employees to participate in Sinclair Broadcast Group's 401(k) plan?
Generally, employees at Sinclair Broadcast Group must be at least 21 years old and have completed a specified period of service to be eligible for the 401(k) plan.
Can employees at Sinclair Broadcast Group take loans against their 401(k) savings?
Yes, Sinclair Broadcast Group allows employees to take loans against their 401(k) savings, subject to the plan's rules and limits.
What investment options are available in the Sinclair Broadcast Group 401(k) plan?
The Sinclair Broadcast Group 401(k) plan typically offers a range of investment options, including mutual funds, target-date funds, and possibly company stock.
How often can employees at Sinclair Broadcast Group change their 401(k) contribution amounts?
Employees at Sinclair Broadcast Group can typically change their 401(k) contribution amounts on a quarterly basis or as specified by the plan.
What is the vesting schedule for employer contributions in the Sinclair Broadcast Group 401(k) plan?
The vesting schedule for employer contributions in the Sinclair Broadcast Group 401(k) plan may vary, but it usually follows a graded or cliff vesting schedule.
Are there any fees associated with the Sinclair Broadcast Group 401(k) plan?
Yes, there may be administrative and investment fees associated with the Sinclair Broadcast Group 401(k) plan, which are disclosed in the plan documents.
How can employees at Sinclair Broadcast Group access their 401(k) account information?
Employees at Sinclair Broadcast Group can access their 401(k) account information through the online benefits portal or by contacting the plan administrator.