NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Contribution & Employer Match

How NEXSTAR MEDIA GROUP, INC. Supports Your Retirement Savings

NEXSTAR MEDIA GROUP, INC. provides retirement savings benefits through NEXSTAR MEDIA GROUP, INC. 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Average Participant Retirement Account Value

In 2024, the average participant retirement account value for NEXSTAR MEDIA GROUP, INC. 401(K) PLAN is $87,007.00

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

In 2024, the estimated average employee contribution amount per participant for NEXSTAR MEDIA GROUP, INC. 401(K) PLAN is $3,369.00. If you contribute an amount exceeding this, you have saved more than your colleagues. Congratulations! Keep up the good work. Otherwise, you might want to consider contributing more to ensure a better retirement future.
215,643.00: this is the amount you will have accumulated 20 years later if you annually contribute the average contribution amount 3,369.00 in NEXSTAR MEDIA GROUP, INC. 401(K) PLAN, assuming a 10%* annual return.

* Data are from public filings.

Employer Match in NEXSTAR MEDIA GROUP, INC. 401(K) PLAN

An employer match is one of the most valuable benefits in any 401(k) plan — it is essentially free money added to your retirement savings. Your employer contributes additional funds based on a percentage of your own contributions. Missing out on the full match is one of the most common and costly retirement mistakes employees make.

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Total Employer Contribution and Match Rate

In 2024, NEXSTAR MEDIA GROUP, INC. 401(K) PLAN allocates $19,297,942.00 to match its employees’ contributions, providing an employer match rate of 28.00% of their contributions

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Estimated Average Employer Match

In 2024, the estimated average employer match for an employee in NEXSTAR MEDIA GROUP, INC. 401(K) PLAN is approximately $839.00
Investing in this additonal $839.00 for 20 years would give you extra $53,736.00, assuming a 10% annual return.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Contribution & Match Policy

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Plan Policies

NEXSTAR MEDIA GROUP, INC. 401(K) PLAN Contribution, Match and Other Plan Policies

  • Participants may elect to contribute up to 90% of their annual compensation, as defined by the Plan, subject to IRS limitations.
  • Participants are permitted to contribute pre-tax or Roth contributions into the Plan.
  • Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
  • Participants who are eligible to make catch-up contributions may elect to contribute up to 100% of their annual compensation, as defined by the Plan, subject to IRS limitation.
  • The Plan’s automatic enrollment contribution feature will begin for newly eligible participants 30 days after a participant’s date of hire.
  • A participant is treated as electing to defer 3% of eligible compensation unless the participant made an affirmative election otherwise.
  • The automatic deferral feature also provides for an increase of 1% each year until it reaches a maximum 10%.
  • For the year ended December 31, 2024, the Company made contributions equal to 50% of the first 6% of compensation that a participant contributed to the Plan.
  • Vesting schedule: 1 year: 20% 2 years: 40% 3 years: 60% 4 years: 80% 5 years: 100%

2025 IRS 401(k) Contribution Limits

The IRS sets annual limits on how much you and your employer can contribute to a 401(k) plan. Knowing these limits helps you maximize tax-advantaged savings. Here are the current limits:

 20242025
Employee elective deferrals (pretax + Roth)$23,000$23,500
Employee + employer contributions combined$69,000$70,000
Catch-up contributions (age 50+)$7,500$7,500
Enhanced catch-up (ages 60–63, SECURE 2.0)N/A$11,250

The power of maxing out: If you contribute the full $23,500 annually for 20 years at a 10% average annual return, you would accumulate approximately $1,505,256. If you can maximize the combined employee+employer limit of $70,000 per year, that grows to roughly $4,480,385 over the same period — more than triple.

Use the 401(k) Savings Calculator to model your specific contribution scenario and see how your savings can grow over time.

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