401(k) · DOL Form 5500 · 2023

Connect Holding II, LLC 401(k) Plan

Data updated 2026-08-25

$292M
Total assets Near avg plan size
3,839
Participants Above avg headcount
96th
Percentile by assets National rank
$76,177
Avg per participant Below avg balance/head
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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.

  • #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.

#2,641
in Information & Media (2,818 peers)
+38.4%
assets growth YoY
2.9×
vs typical plan assets (national mean)

Brightspeed 401(k) Savings Plan's outsized position 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

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Brightspeed 401(k) Savings Plan lands in the large band (3,839 participants).

What changed between DOL Form 5500 filings

plan year 2022 → 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 →

EBSA filing schedule strip

Filing strip 873811759 · Connect Holding II, LLC PY 2023 · 401(k)

Brightspeed 401(k) Savings Plan · $292M · 3,839 · 96th

  • VS-ST $292M
  • BOY 3,839
  • SCH 96th
  • EBSA 401(k)
  • PART near Hyundai Motor America Profit Sharing Retirement Plan
  • TYPE ind #2641

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Information & Media retirement plans → · Plans in North Carolina →

Brightspeed 401(k) Savings Plan in the asset neighbourhood

Envestnet 401(k) Retirement PlanEnvestnet 401(k) Retirement …$293MPrimerica Savings & Investment PlanPrimerica Savings & Investme…$293MHyundai Motor America Profit Sharing Retirement PlanHyundai Motor America Profit…$293MBrightspeed 401(k) Savings PlanBrightspeed 401(k) Savings P…$292MWyndham Hotel Group Employee Savings PlanWyndham Hotel Group Employee…$292M
End-of-year total assets ($M) among Brightspeed 401(k) Savings Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$211M
Net Assets (End of Year)$292M
Net Income$81M
Employer EIN873811759
Plan Effective Date2022-10-03
Filing StatusFILING RECEIVED

Sponsor Plan History (Connect Holding II, LLC)

Sponsor-wide plan assets over time

All Connect Holding II, LLC plans reported in each filing year

Latest sponsor-wide plan assets
$2.1B 3.705664272169683% vs 2022
2024 filing year
$2B$2.05B$2.1B$2.15B$2.2B 202220232024 $2.13B $2.05B ▼ -3.8%
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 Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Brightspeed 401(k) Savings Plan, Total assets ($B): 0.292442467 · Participants: 3839Brightspeed 401(k) Savings PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Brightspeed 401(k) Savings Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Brightspeed 401(k) Savings Plan side-by-side with 3 peers →

Brightspeed 401(k) Savings Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is Hyundai Motor America Profit Sharing Retirement Plan in CA ($293M); by covered participants it is Brenntag USA 401(k) and Profit Sharing Plan in PA (3,839 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($292M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,839 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Brightspeed 401(k) Savings Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Brenntag USA 401(k) and Profit Sharing Plan in PA (3,839 participants, $630M in assets).

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.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.