Defined Benefit (Pension) · DOL Form 5500 · 2024

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

Data updated 2026-07-24

$1.7B
Total assets: 1,928
Participants: 99th
Percentile by assets: $881,204
Avg per participant

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.

99th percentile by assets (of 116,472 plans)

Coverage in North Carolina

Brightspeed Pension Plan covers 1,928 participants in North Carolina, 2.3x the typical North Carolina plan (state average ~846 per filing). Assets: $1.7B.

$1.7B
total plan assets (2024 EOY): 1,928
covered participants: 99th
percentile by assets (of 116,472 plans): $881,204
avg assets per participant

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 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 →

State

North Carolina

Industry

Information & Media

Participants vs North Carolina filers

In North Carolina, the average filing covers about 846 participants across 3,325 plans. Brightspeed Pension Plan reports 1,928 participants - 2.3x that state average ($1.7B EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)	$1.9B
Net Assets (End of Year)	$1.7B
Net Income	-$175M
Employer EIN	873811759
Plan Effective Date	2022-01-01
Filing Status	FILING RECEIVED

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

Total plan assets by year, all Connect Holding II LLC D/B/a Brightspeed 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 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

Honeywell Retirement Earnings Plan $16.6B · 9,923
Truist Financial Corporation Pension Plan $14.7B · 38,548
Duke Energy Retirement Cash Balance Plan $4.7B · 13,576
The Hearst Corporation Retirement Plan $2.4B · 1,745
Duke Energy Legacy Pension Plan $2.4B · 300

Compare Brightspeed Pension Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Brightspeed Pension Plan by total assets, not by location.

S.E.I.U. National Industry Pension Fund (DC) $1.7B · 95,567
Northwest Sheet Metal Workers Pension Plan (OR) $1.7B · 4,783
Pipeline Industry Pension Fund (OK) $1.7B · 2,308
Northside Hospital, Inc. Pension Plan (GA) $1.7B · 20,425

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 116,472 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).

Next read for Brightspeed Pension Plan

Filing takeaways

Ways to act on Brightspeed Pension Plan's numbers.

By total assets, Brightspeed Pension Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
Connect Holding II LLC D/B/a Brightspeed'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 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.