Commercial white LEDs (WLEDs) are generally limited in modulation bandwidth due to a slow Stokes process, long lifetime of phosphors, and the quantum-confined Stark effect. Here we report what we believe is a novel plasmonic WLED by infiltrating a nanohole LED (H-LED) with quantum dots (QDs) and Ag nanoparticles (NPs) together (M-LED). This decreased distance between quantum wells and QDs would open an extra non-radiative energy transfer channel and thus enhance Stokes transfer efficiency. The presence of Ag NPs enhances the spontaneous emission rate significantly. Compared to an H-LED filled with QDs (QD-LED), the optimized M-LED demonstrates a maximum color rendering index of 91.2, a 43% increase in optical power at 60 mA, and a lowered correlated color temperature. Simultaneously, the M-LED exhibits a data rate of 2.21 Gb/s at low current density of 96A/cm2 (60 mA), which is 77% higher than that of a QD-LED. This is mainly due to the higher optical power and modulation bandwidth of the M-LED under the influence of plasmon, resulting in a higher data rate and higher signal-to-noise ratio under the forward error correction. We believe the approach reported in this work should contribute to a WLED light source with increased modulation bandwidth for a higher speed visible light communication application.