401(k) · DOL Form 5500 · 2023

Connect Holding II, LLC 401(k) Plan

Data updated 2026-08-11

$292M
Total assets: 3,839
Participants: 96th
Percentile by assets: $76,177
Avg per participant

Official DOL plan name: Brightspeed 401(k) Savings Plan · Sponsored by Connect Holding II, LLC · North Carolina · Information & Media

$292M in assets, 3,839 participants

Connect Holding II, LLC's Brightspeed 401(k) Savings Plan reported $292M in total assets and 3,839 participants in its 2023 DOL Form 5500 filing, ranking in the 96th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

96th percentile by assets (of 127,072 plans)
#2,641 in Information & Media (2,818 peers)

Coverage in North Carolina

Brightspeed 401(k) Savings Plan covers 3,839 participants in North Carolina, 4.7x the typical North Carolina plan (state average ~819 per filing). Assets: $292M.

$292M
total plan assets (2023 EOY): 3,839
covered participants: 96th
percentile by assets (of 127,072 plans): $76,177
avg assets per participant

Where Brightspeed 401(k) Savings Plan sits by total assets

Brightspeed 401(k) Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$292,442,467 Top 4% higher than 96% of 127,068 filed plans

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Brightspeed 401(k) Savings Plan reported net income fell from $192M in the plan year 2022 filing to $81M in the plan year 2023 filing.
Brightspeed 401(k) Savings Plan end-of-year assets rose from $211M in the plan year 2022 filing to $292M in the plan year 2023 filing.
Brightspeed 401(k) Savings Plan reported participants rose from 3,709 in the plan year 2022 filing to 3,839 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

North Carolina

Industry

Information & Media

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Brightspeed 401(k) Savings Plan reports 3,839 participants - 4.7x that state average ($292M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$211M
Net Assets (End of Year)	$292M
Net Income	$81M
Employer EIN	873811759
Plan Effective Date	2022-10-03
Filing Status	FILING RECEIVED

Sponsor Plan History (Connect Holding II, LLC)

Total plan assets by year, all Connect Holding II, LLC plans on file

Year	Plans	Participants	Total Assets
2022	2	6,003	$2.1B
2023	2	5,896	$2.2B
2024	2	6,095	$2.1B

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Brightspeed 401(k) Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants

The Bank of America 401(k) Plan $54.8B · 173,899
Honeywell 401(k) Plan $15.4B · 40,004
Duke Energy Retirement Savings Plan $10.4B · 28,121
Truist Financial Corporation 401(k) Savings Plan $10.1B · 55,480
Nucor Corporation Profit Sharing and Retirement Savings Plan $8.5B · 24,174

Compare Brightspeed 401(k) Savings Plan side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Brightspeed 401(k) Savings Plan by total assets, not by location.

Hyundai Motor America Profit Sharing Retirement Plan (CA) $293M · 975
Wyndham Hotel Group Employee Savings Plan (NJ) $292M · 1,082
Primerica Savings & Investment Plan (GA) $293M · 1,991
Envestnet 401(k) Retirement Plan (PA) $293M · 1,962

Frequently Asked Questions

How did Brightspeed 401(k) Savings Plan assets move in 2023? ▼

Brightspeed 401(k) Savings Plan surged - up 38.4% during 2023, from $211M to $292M. Reported net income was $81M.

How have Connect Holding II, LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Connect Holding II, LLC's sponsor-wide assets declined 3.7%, from $2.1B to $2.1B.

Where does Brightspeed 401(k) Savings Plan rank by assets among Form 5500 filers? ▼

Brightspeed 401(k) Savings Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).

Which 401(k) plans are similar in size to Brightspeed 401(k) Savings Plan? ▼

Among 401(k) plans in other states, the closest by assets is Hyundai Motor America Profit Sharing Retirement Plan in CA ($293M, 975 participants).

Next read for Brightspeed 401(k) Savings Plan

Filing takeaways

Ways to act on Brightspeed 401(k) Savings Plan's numbers.

By total assets, Brightspeed 401(k) Savings Plan ranks in the top 5% of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in North Carolina. Compare plans
Connect Holding II, LLC's sponsor-wide assets have declined 3.7% since 2022 across 3 plan years on file. More Information & Media plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 873811759.