This bug has started occurring a few months ago, not sure in which plasma-nm version. I'm currently on Debian version 4:5.10.5-2 and it is still present. When I create an NM entry for a mobile broadband modem and set a per-user PIN code and the PPP password, I expect these secrets to be stored in the KDE keychain. This seems to be the case, but when making a connection, it looks like the NM daemon fails to fetch them back from the keychain. No error message is displayed, but I get several of password dialogues (PIN, superuser, PPP twice). After entering all these passwords, the connection succeeds, but this is a very bad user experience. When I open the NM entry in the connection editor KCM, a popup saying "Failed to get secrets for Connection: No agents were available for this request" is displayed.
*** This bug has been marked as a duplicate of bug 377473 ***
This is indeed a different issue and I've been able to reproduce it. From my investigation this looks like an issue in NetworkManager which doesn't ask secret agent to store secrets for gsm connections. If you specify that you want your secrets to be stored unencrypted then it will work.
NM bug for reference: https://bugzilla.gnome.org/show_bug.cgi?id=789383
Thank you, Jan!