Defined Benefit (Pension) · DOL Form 5500 · 2023

Baker Hughes Holdings LLC Pension Plan

Data updated 2026-08-25

$540M
Total assets Above avg plan size
5,353
Participants Above avg headcount
98th
Percentile by assets National rank
$100,853
Avg per participant Below avg balance/head
PlainRetire home → About this data RSS: change history

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.

  • #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.

#775
in Mining & Oil Extraction (811 peers)
+5.3%
assets growth YoY
5.4×
vs typical plan assets (national mean)

Baker Hughes Company Pension Plan's outsized position by total assets

Baker Hughes Company Pension Plan vs every filed plan by assets

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

$539,868,048 Top 2% higher than 98% 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 Pension Plan's large-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 Pension Plan lands in the large band (5,353 participants).

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 →

Plan-year Form 5500 strip

Filing strip 760207995 · Baker Hughes Holdings LLC PY 2023 · Defined Benefit (Pension)

Baker Hughes Company Pension Plan · $540M · 5,353 · 98th

  • BOY $540M
  • BOY 5,353
  • BOY 98th
  • BOY Defined Benefit (Pension)
  • BOY near Yale-New Haven Hospital Cash Account Pension Plan
  • BOY ind #775

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 Pension Plan in the asset neighbourhood

Msa Pension Plan$542MKennametal Inc. Retirement Income PlanKennametal Inc. Retirement I…$541MYale-New Haven Hospital Cash Account Pension PlanYale-New Haven Hospital Cash…$540MBaker Hughes Company Pension PlanBaker Hughes Company Pension…$540MArdagh North America Retirement Income PlanArdagh North America Retirem…$538M
End-of-year total assets ($M) among Baker Hughes Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

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)

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 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 Scatter plot of 6 data points. 050000100000150000 -10010203040 Total assets ($B) Participants Baker Hughes Company Pension Plan, Total assets ($B): 0.539868048 · Participants: 5353Baker Hughes Company Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 30.018512 · Participants: 107859AT&T Pension Benefit PlanShell Pension Plan, Total assets ($B): 15.133347097 · Participants: 12215Shell Pension PlanExxonmobil Pension Plan, Total assets ($B): 12.015 · Participants: 22551Exxonmobil Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.803014695 · Participants: 12138Caterpillar Inc. Retirement Income PlanBp Retirement Accumulation Plan, Total assets ($B): 5.493677099 · Participants: 9360Bp Retirement Accumulation Plan
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:

Baker Hughes Company Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Texas, the nearest Defined Benefit (Pension) by assets is Yale-New Haven Hospital Cash Account Pension Plan in CT ($540M); by covered participants it is Ufcw and Safeway Variable Annuity Pension Fund in MD (5,337 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($540M here).

Similar participant headcount

Nearest other-state filings by covered participants (5,353 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 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).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Baker Hughes Company Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Ufcw and Safeway Variable Annuity Pension Fund in MD (5,337 participants, $24M 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.