401(k) · DOL Form 5500 · 2023

Baker Hughes Holdings LLC 401(k) Plan

Data updated 2026-08-25

$3.7B
Total assets Very large vs avg
12,917
Participants Very large workforce
100th
Percentile by assets National rank
$290,238
Avg per participant High balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#809
in Mining & Oil Extraction (811 peers)
+15.3%
assets growth YoY
38×
vs typical plan assets (national mean)

Baker Hughes Company 401(k) Plan's outsized position by total assets

Baker Hughes Company 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$3,749,008,725 Highest reported value at or above every one of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Baker Hughes Company 401(k) Plan's mega-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Baker Hughes Company 401(k) Plan is a mega filing (12,917 participants), the rightmost band on the breakdown.

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • 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 →

Published 5500 schedule card

Filing strip 760207995 · Baker Hughes Holdings LLC PY 2023 · 401(k)

Baker Hughes Company 401(k) Plan · $3.7B · 12,917 · 100th

  • PART $3.7B
  • PART 12,917
  • PART 100th
  • PART 401(k)
  • PART near Eversource 401(k) Plan
  • PART ind #809

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Mining & Oil Extraction retirement plans → · Plans in Texas →

Baker Hughes Company 401(k) Plan in the asset neighbourhood

Baker Hughes Company 401(k) PlanBaker Hughes Company 401(k) …$3.7BEversource 401(k) Plan$3.8BCorning Incorporated Investment PlanCorning Incorporated Investm…$3.8BKeycorp 401(k) Savings Plan$3.7BRbc- U.S.a. Retirement and Savings PlanRbc- U.S.a. Retirement and S…$3.7B
End-of-year total assets ($B) among Baker Hughes Company 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Texas filing particulars

Total Assets (Beginning of Year)$3.3B
Net Assets (End of Year)$3.7B
Net Income$481M
Employer EIN760207995
Plan Effective Date1981-09-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Baker Hughes Holdings LLC)

Sponsor-wide plan assets over time

All Baker Hughes Holdings LLC plans reported in each filing year

Latest sponsor-wide plan assets
$4.4B 16.125538044481857% vs 2022
2024 filing year
$3.6B$3.8B$4B$4.2B$4.4B$4.6B 202220232024 $3.76B $4.37B ▲ +16.2%
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 Scatter plot of 6 data points. 050000100000150000 01020304050 Total assets ($B) Participants Baker Hughes Company 401(k) Plan, Total assets ($B): 3.749008725 · Participants: 12917Baker Hughes Company 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell Inc. 401(k) Plan
Baker Hughes Company 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
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's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Eversource 401(k) Plan in CT ($3.8B); by covered participants it is Penske Automotive Group 401(k) Savings and Retirement Plan in MI (12,918 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($3.7B here).

Similar participant headcount

Nearest other-state filings by covered participants (12,917 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

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).
Which 401(k) plans cover a similar participant headcount to Baker Hughes Company 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Penske Automotive Group 401(k) Savings and Retirement Plan in MI (12,918 participants, $933M in assets).

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.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.