Employer · plans filed under one EIN
Connect Holding II LLC d/b/a Brightspeed
Charlotte, NC · Information
Form 5500 information is as filed by the plan administrator with the Department of Labor and may be amended. Figures reflect the plan year shown, not current balances.
Connect Holding II LLC d/b/a Brightspeed, based in Charlotte, North Carolina, sponsors 2 retirement plans with 100 or more participants: 1 defined contribution and 1 defined benefit. Together they reported 22,783 participant records and $2.04B in net assets.
The largest is Brightspeed Pension Plan, a cash balance pension plan with 18,444 participants. A person can be counted in more than one plan, so the participant total is a count of records rather than of people.
Employer contributions across the plans were $11.2M and participant contributions $28.7M in the latest plan years; benefits paid were $234M. Schedule C compensation reported to service provider organisations totalled $5.3M.
Combined net assets moved from $2.12B in 2022 to $2.04B in 2024 (down 3%). Plan mergers and spin-offs show up here as steps in the series.
Plans
| Plan | Kind | Plan year | Participants | Net assets | Per participant | Employer / active | Sch. C compensation |
|---|---|---|---|---|---|---|---|
| Brightspeed Pension Plan | cash balance pension plan | 2024 | 18,444 | $1.69B | $91,676 | — | $4.8M |
| Brightspeed 401(k) Savings Plan | 401(k) plan | 2024 | 4,339 | $351M | $81,002 | $2,709 | $431K |
| US median, plan year 2024: DC plans $53,102 per participant, $2,175 employer contribution per active participant; DB plans $86,221 and $10,244. | |||||||
Trend by plan year
| Plan year | Plans | Participant records | Net assets | Employer contributions | Participant contributions |
|---|---|---|---|---|---|
| 2024 | 2 | 22,783 | $2.04B | $11.2M | $28.7M |
| 2023 | 2 | 23,532 | $2.16B | $9.8M | $25.9M |
| 2022 | 2 | 24,036 | $2.12B | $321M | $5.6M |
History of the plans listed above, in the years each filed the full Form 5500 with 100 or more participants. Plans that have since terminated are not included.
Service providers
| Organisation | Services reported | Plans | Compensation reported |
|---|---|---|---|
| Russell Investments Capital LLC | Consulting (pension); Investment management | 1 | $2,127,444 |
| Willis Towers Watson US LLC | Actuarial; Recordkeeping and information management | 1 | $1,818,377 |
| The Northern Trust Company | Trustee (bank, trust company, or similar financial institution) | 1 | $568,904 |
| Principal Life Insurance Company | Contract Administrator; Participant loan processing | 1 | $392,711 |
| State Street Bank and Trust Company | Other services | 1 | $187,174 |
| Crowe Horwath LLP | Accounting (including auditing) | 1 | $82,688 |
| State Street Global Advisors | Investment management | 1 | $50,000 |
| Prime Capital Investment Advis | Investment advisory (participants) | 1 | $31,368 |
| Morningstar Investment Service | Investment advisory (participants) | 1 | $6,643 |
Organisations paid $5,000 or more by any of these plans, from Schedule C. Individuals are not shown.
Questions and answers
How many retirement plans does Connect Holding II LLC d/b/a Brightspeed have?
2 plans with 100 or more participants filed Form 5500 under its employer identification number for the latest plan years: Brightspeed Pension Plan and Brightspeed 401(k) Savings Plan. Smaller plans and plans filed under a subsidiary's number are not grouped here.
How much does Connect Holding II LLC d/b/a Brightspeed contribute to its plans?
$11,159,854 in employer contributions across these plans in their latest plan years, about $1,921 per active participant record. Form 5500 reports totals and not the match or accrual formula.
Who provides services to these plans?
Schedule C filings name Russell Investments Capital LLC, Willis Towers Watson US LLC, The Northern Trust Company and Principal Life Insurance Company and others. Only organisations paid $5,000 or more by a plan are listed on Schedule C.
Where does this come from?
Form 5500 annual reports filed with the Department of Labor's EFAST2 system, from the EBSA research files, with filings received through 24 Aug 2026. Figures are as filed and may be amended.
Provenance
Source: U.S. Department of Labor, Employee Benefits Security Administration, Form 5500 research files, public domain, with filings received through 24 Aug 2026. Plans are grouped by the sponsor's employer identification number exactly as filed; a company that files under several EINs appears as several employers. See the methodology and corrections.