Defined Benefit (Pension) · DOL Form 5500 · 2024

Connect Holding II LLC D/B/a Brightspeed Pension Plan

Data updated 2026-08-25

$1.7B
Total assets Very large vs avg
1,928
Participants Near avg headcount
99th
Percentile by assets National rank
$881,204
Avg per participant High balance/head
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Official DOL plan name: Brightspeed Pension Plan · Sponsored by Connect Holding II LLC D/B/a Brightspeed · North Carolina · Information & Media

$1.7B in assets, 1,928 participants

Connect Holding II LLC D/B/a Brightspeed's Brightspeed Pension Plan reported $1.7B in total assets and 1,928 participants in its 2024 DOL Form 5500 filing, ranking in the 99th 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.

  • #2,767 in Information & Media (2,822 peers)

Coverage in North Carolina

Brightspeed Pension Plan covers 1,928 participants in North Carolina, 2.4x the typical North Carolina plan (state average ~819 per filing). Assets: $1.7B.

#2,767
in Information & Media (2,822 peers)
-9.3%
assets change YoY
17×
vs typical plan assets (national mean)

The plan reported a net loss of $175M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Brightspeed Pension Plan's outsized position by total assets

Brightspeed Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$1,698,962,096 Top 1% higher than 99% of 123,620 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 2024

Brightspeed Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Brightspeed Pension Plan lands in the large band (1,928 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Brightspeed Pension Plan reported net income fell from -$39M in the plan year 2023 filing to -$175M in the plan year 2024 filing.
  • Brightspeed Pension Plan end-of-year assets fell from $1.9B in the plan year 2023 filing to $1.7B in the plan year 2024 filing.
  • Brightspeed Pension Plan reported participants fell from 2,057 in the plan year 2023 filing to 1,928 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Published 5500 schedule card

Filing strip 873811759 · Connect Holding II LLC D/B/a Brightspeed PY 2024 · Defined Benefit (Pension)

Brightspeed Pension Plan · $1.7B · 1,928 · 99th

  • EIN $1.7B
  • EIN 1,928
  • EIN 99th
  • EIN Defined Benefit (Pension)
  • EIN near S.E.I.U. National Industry Pension Fund
  • EIN ind #2767

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 Pension Plan in the asset neighbourhood

Brightspeed Pension Plan$1.7BS.E.I.U. National Industry Pension FundS.E.I.U. National Industry P…$1.7BNorthwest Sheet Metal Workers Pension PlanNorthwest Sheet Metal Worker…$1.7BPlumbers' Pension Fund, Local 130, U.a.Plumbers' Pension Fund, Loca…$1.7BPipeline Industry Pension FundPipeline Industry Pension Fu…$1.7B
End-of-year total assets ($B) among Brightspeed Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$1.9B
Net Assets (End of Year)$1.7B
Net Income-$175M
Employer EIN873811759
Plan Effective Date2022-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Connect Holding II LLC D/B/a Brightspeed)

Sponsor-wide plan assets over time

All Connect Holding II LLC D/B/a Brightspeed 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 Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Brightspeed Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -1000001000020000300004000050000 05101520 Total assets ($B) Participants Brightspeed Pension Plan, Total assets ($B): 1.698962096 · Participants: 1928Brightspeed Pension PlanHoneywell Retirement Earnings Plan, Total assets ($B): 16.577892612 · Participants: 9923Honeywell Retirement Earnings PlanTruist Financial Corporation Pension Plan, Total assets ($B): 14.698665729 · Participants: 38548Truist Financial Corporation Pension PlanDuke Energy Retirement Cash Balance Plan, Total assets ($B): 4.678 · Participants: 13576Duke Energy Retirement Cash Balance PlanEmployees' Retirement Plan of Duke University, Total assets ($B): 2.784844379 · Participants: 22655Employees' Retirement Plan of Duke UniversityThe Hearst Corporation Retirement Plan, Total assets ($B): 2.397551709 · Participants: 1745The Hearst Corporation Retirement Plan
Brightspeed Pension Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Brightspeed Pension Plan side-by-side with 3 peers →

Brightspeed Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside North Carolina, the nearest Defined Benefit (Pension) by assets is S.E.I.U. National Industry Pension Fund in DC ($1.7B); by covered participants it is Conagra Brands, Inc. Pension Plan for Hourly Rate Production Employees in IL (1,920 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (1,928 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Brightspeed Pension Plan assets move in 2024? ▼
Brightspeed Pension Plan pulled back noticeably - down 9.3% during 2024, from $1.9B to $1.7B. Reported net income was -$175M.
How have Connect Holding II LLC D/B/a Brightspeed plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Connect Holding II LLC D/B/a Brightspeed's sponsor-wide assets declined 3.7%, from $2.1B to $2.1B.
Where does Brightspeed Pension Plan rank by assets among Form 5500 filers? ▼
Brightspeed Pension Plan ranks in the 99th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (among the largest 1% of all filed plans).
Which Defined Benefit (Pension) plans are similar in size to Brightspeed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is S.E.I.U. National Industry Pension Fund in DC ($1.7B, 95,567 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Brightspeed Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Conagra Brands, Inc. Pension Plan for Hourly Rate Production Employees in IL (1,920 participants, $512M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.