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This document provides key information about fees and expenses for participants in the Sinclair Broadcast Group 401(k) Retirement Plan, aiding informed investment decisions.
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A participant fees disclosure statement is a document that outlines the fees and expenses associated with a participant's investment in a retirement plan, providing transparency regarding the costs incurred.
Plan sponsors or fiduciaries of retirement plans are required to file the participant fees disclosure statement.
To fill out the participant fees disclosure statement, collect all necessary fee and expense information related to the plan, categorize the fees, and accurately report them in the designated sections of the statement.
The purpose of the participant fees disclosure statement is to inform participants about the fees and expenses associated with their retirement plan, enabling them to make informed decisions regarding their investments.
The information that must be reported includes the types of fees charged, the total annual operating expenses, any administrative fees, and specific fees for investment options available to participants.
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