Brightspeed 401(K) Savings Plan — Form 5500 plan (Connect Holding Ii, LLC)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Brightspeed 401(K) Savings Plan is a benefit plan reported by Connect Holding Ii, LLC under EIN 87-3811759 and plan number 001. The latest loaded filing year is 2023. The filing reports 3,909 participants and $292,442,467 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$292.4MPlan net assets, end of year$292,442,467
Participants3.9KCovered participants reported3,909
Assets / participant$74.8KComputed: assets ÷ participants$74,813 (computed)
Provider compensation$402.9K2 Schedule C provider row(s)$402,891
- Plan sponsor
- Connect Holding Ii, LLC
- EIN
- 87-3811759
- Plan number
- 001
- Plan type
- 2
- Location
- Charlotte, NC
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 3,909 | H, C | 20241011130727NAL0010943683001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$292.4M total assets
Net assets$292.4MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $292,442,467
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $292,442,467
- Net assets (BOY)
- $211,284,408
Income & contributions
- Employer contributions
- $9,767,623
- Participant contributions
- $25,867,341
- Total contributions
- $62,963,575
- Total income / additions
- $102,672,835
Expenses & distributions
- Benefits paid
- $21,029,486
- Administrative expenses
- $417,615
- Total expenses
- $21,514,776
- Net increase / (decrease)
- $81,158,059
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $376,703 | $0 | 2023 |
| Prime Capital Investment Advis | INV ADV, PARTICIPANTS | $26,188 | not reported in the loaded dataset | 2023 |