Defined Benefit (Pension) · DOL Form 5500 · 2023

Baker Hughes Holdings LLC Pension Plan

Data updated 2026-08-11

$540M
Total assets
5,353
Participants
98th
Percentile by assets
$100,853
Avg per participant
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Official DOL plan name: Baker Hughes Company Pension Plan · Sponsored by Baker Hughes Holdings LLC · Texas · Mining & Oil Extraction

$540M in assets, 5,353 participants

Baker Hughes Holdings LLC's Baker Hughes Company Pension Plan reported $540M in total assets and 5,353 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • 98th percentile by assets (of 127,072 plans)
  • #775 in Mining & Oil Extraction (811 peers)

Coverage in Texas

Baker Hughes Company Pension Plan covers 5,353 participants in Texas, 7.8x the typical Texas plan (state average ~688 per filing). Assets: $540M.

$540M
total plan assets (2023 EOY)
5,353
covered participants
98th
percentile by assets (of 127,072 plans)
$100,853
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Baker Hughes Company Pension Plan reported net income rose from -$141M in the plan year 2022 filing to $27M in the plan year 2023 filing.
  • Baker Hughes Company Pension Plan reported participants fell from 5,726 in the plan year 2022 filing to 5,353 in the plan year 2023 filing.
  • Baker Hughes Company Pension Plan end-of-year assets rose from $513M in the plan year 2022 filing to $540M 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 Pension Plan reports 5,353 participants - 7.8x that state average ($540M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$513M
Net Assets (End of Year)$540M
Net Income$27M
Employer EIN760207995
Plan Effective Date2002-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Baker Hughes Holdings LLC)

$3.6B$3.8B$4B$4.2B$4.4B$4.6B 202220232024 $3.76B $4.37B ▲ +16.2%
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 Defined Benefit (Pension) Plans in Texas

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Baker Hughes Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants

Baker Hughes Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants Scatter plot of 6 data points. 050000100000150000 -10010203040 Total assets ($B) Participants Baker Hughes Company…AT&T Pension Benefit…Shell Pension PlanExxonmobil Pension P…Caterpillar Inc. Ret…Bp Retirement Accumu…
Baker Hughes Company Pension Plan vs. nearby Defined Benefit (Pension) plans in Texas, assets vs. participants
Compare Baker Hughes Company Pension Plan side-by-side with 3 peers →

Scale composition for Baker Hughes Company Pension Plan

Baker Hughes Company Pension Plan reports $540M in end-of-year assets across 5,353 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.006% of 93,925,755 covered participants) - about $100,853 per participant (73% of the national average assets-per-participant) . Net income for plan year 2023 was $27M.

This plan identity (EIN 760207995, plan #050) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $513M to $356M (-30.6%) while covered participants moved from 5,726 to 4,861 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,726 $513M Open filing
2023 5,353 $540M This page
2024 · index core 4,861 $356M Open filing

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

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Baker Hughes Company Pension Plan by total assets, not by location.

Frequently Asked Questions

How did Baker Hughes Company Pension Plan assets move in 2023? ▼
Baker Hughes Company Pension Plan grew at a solid clip - up 5.3% during 2023, from $513M to $540M. Reported net income was $27M.
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 Pension Plan rank by assets among Form 5500 filers? ▼
Baker Hughes Company Pension Plan ranks in the 98th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Baker Hughes Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Yale-New Haven Hospital Cash Account Pension Plan in CT ($540M, 17,187 participants).

Next read for Baker Hughes Company Pension Plan

Filing takeaways

Ways to act on Baker Hughes Company Pension Plan's numbers.

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.