401(k) · DOL Form 5500 · 2023

Baker Hughes Holdings LLC 401(k) Plan

Data updated 2026-08-11

$3.7B
Total assets: 12,917
Participants: 100th
Percentile by assets: $290,238
Avg per participant

Official DOL plan name: Baker Hughes Company 401(k) Plan · Sponsored by Baker Hughes Holdings LLC · Texas · Mining & Oil Extraction

$3.7B in assets, 12,917 participants

Baker Hughes Holdings LLC's Baker Hughes Company 401(k) Plan reported $3.7B in total assets and 12,917 participants in its 2023 DOL Form 5500 filing, ranking in the 100th 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.

100th percentile by assets (of 127,072 plans)
#809 in Mining & Oil Extraction (811 peers)

Coverage in Texas

Baker Hughes Company 401(k) Plan covers 12,917 participants in Texas, 19x the typical Texas plan (state average ~688 per filing). Assets: $3.7B.

$3.7B
total plan assets (2023 EOY): 12,917
covered participants: 100th
percentile by assets (of 127,072 plans): $290,238
avg assets per participant

Baker Hughes Company 401(k) Plan reported net income rose from -$565M in the plan year 2022 filing to $481M in the plan year 2023 filing.
Baker Hughes Company 401(k) Plan end-of-year assets rose from $3.3B in the plan year 2022 filing to $3.7B in the plan year 2023 filing.
Baker Hughes Company 401(k) Plan reported participants rose from 12,264 in the plan year 2022 filing to 12,917 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Texas

Industry

Mining & Oil Extraction

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. Baker Hughes Company 401(k) Plan reports 12,917 participants - 19x that state average ($3.7B EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)	$3.3B
Net Assets (End of Year)	$3.7B
Net Income	$481M
Employer EIN	760207995
Plan Effective Date	1981-09-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Baker Hughes Holdings LLC)

Total plan assets by year, all Baker Hughes Holdings LLC plans on file

Year	Plans	Participants	Total Assets
2022	2	17,990	$3.8B
2023	2	18,270	$4.3B
2024	2	17,422	$4.4B

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Baker Hughes Company 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants

AT&T Retirement Savings Plan $40.0B · 119,854
Exxonmobil Savings Plan $21.9B · 23,477
Caterpillar 401(k) Savings Plan $16.5B · 41,679
American Airlines, Inc. 401(k) Plan $14.7B · 88,792
Dell Inc. 401(k) Plan $13.5B · 45,686

Compare Baker Hughes Company 401(k) Plan side-by-side with 3 peers →

Scale composition for Baker Hughes Company 401(k) Plan

Baker Hughes Company 401(k) Plan reports $3.7B in end-of-year assets across 12,917 participants (0.030% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.014% of 93,925,755 covered participants) - about $290,238 per participant (2.1x the national average assets-per-participant) . Net income for plan year 2023 was $481M.

This plan identity (EIN 760207995, plan #002) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $3.3B to $4.0B (+23.5%) while covered participants moved from 12,264 to 12,561 . Single-year sparse filers cannot show that trail.

Plan year	Participants	EOY assets	Filing
2022	12,264	$3.3B	Open filing
2023	12,917	$3.7B	This page
2024 · index core	12,561	$4.0B	Open filing

The same sponsor also keeps 2 other index-core plans on PlainRetire:

Baker Hughes Company 401(k) Plan (401(k), $4.0B, 12,561 participants)
Baker Hughes Company Pension Plan (Defined Benefit (Pension), $356M, 4,861 participants)

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Baker Hughes Company 401(k) Plan by total assets, not by location.

Eversource 401(k) Plan (CT) $3.8B · 9,504
Corning Incorporated Investment Plan (NY) $3.8B · 13,574
Keycorp 401(k) Savings Plan (OH) $3.7B · 19,118
Rbc- U.S.a. Retirement and Savings Plan (MN) $3.7B · 8,957

Frequently Asked Questions

How did Baker Hughes Company 401(k) Plan assets move in 2023? ▼

Baker Hughes Company 401(k) Plan grew sharply - up 15.3% during 2023, from $3.3B to $3.7B. Reported net income was $481M.

How have Baker Hughes Holdings LLC plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Baker Hughes Holdings LLC's sponsor-wide assets grew 16.1%, from $3.8B to $4.4B.

Where does Baker Hughes Company 401(k) Plan rank by assets among Form 5500 filers? ▼

Baker Hughes Company 401(k) Plan ranks in the 100th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).

Which 401(k) plans are similar in size to Baker Hughes Company 401(k) Plan? ▼

Among 401(k) plans in other states, the closest by assets is Eversource 401(k) Plan in CT ($3.8B, 9,504 participants).

Next read for Baker Hughes Company 401(k) Plan

Filing takeaways

Ways to act on Baker Hughes Company 401(k) Plan's numbers.

By total assets, Baker Hughes Company 401(k) Plan ranks among the largest 1% of all filed plans. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Texas. Compare plans
Baker Hughes Holdings LLC's sponsor-wide assets have grown 16.1% since 2022 across 3 plan years on file. More Mining & Oil Extraction plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 760207995.