Defined Benefit (Pension) · DOL Form 5500 · 2024

Baker Hughes Holdings LLC Pension Plan

Data updated 2026-08-25

$356M
Total assets Above avg plan size
4,861
Participants Above avg headcount
96th
Percentile by assets National rank
$73,244
Avg per participant Below avg balance/head
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Official DOL plan name: Baker Hughes Company Pension Plan · Sponsored by Baker Hughes Holdings LLC · Texas · Mining & Oil Extraction

$356M in assets, 4,861 participants

Baker Hughes Holdings LLC's Baker Hughes Company Pension Plan reported $356M in total assets and 4,861 participants in its 2024 DOL Form 5500 filing, ranking in the 96th 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.

  • #728 in Mining & Oil Extraction (785 peers)

Coverage in Texas

Baker Hughes Company Pension Plan covers 4,861 participants in Texas, 7.1x the typical Texas plan (state average ~688 per filing). Assets: $356M.

#728
in Mining & Oil Extraction (785 peers)
-34.1%
assets change YoY
3.6×
vs typical plan assets (national mean)

The plan reported a net loss of $184M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

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 2024 · DOL Form 5500

$356,036,662 Top 4% higher than 96% of 123,620 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 2024

Baker Hughes Company Pension Plan's large-plan peer group by participant headcount

Plan-year 2024 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 (4,861 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Baker Hughes Company Pension Plan reported net income fell from $27M in the plan year 2023 filing to -$184M in the plan year 2024 filing.
  • Baker Hughes Company Pension Plan end-of-year assets fell from $540M in the plan year 2023 filing to $356M in the plan year 2024 filing.
  • Baker Hughes Company Pension Plan reported participants fell from 5,353 in the plan year 2023 filing to 4,861 in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 760207995 · Baker Hughes Holdings LLC PY 2024 · Defined Benefit (Pension)

Baker Hughes Company Pension Plan · $356M · 4,861 · 96th

  • PCT $356M
  • EIN 4,861
  • RANK 96th
  • PHOTO Defined Benefit (Pension)
  • IND near International Union of Operating Engineers Local 14-14b Pension Fd
  • EOY ind #728

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

Delta Air Lines, Inc. Market Based Cash Balance PlanDelta Air Lines, Inc. Market…$357MOmaha Construction Industry Pension PlanOmaha Construction Industry …$356MBaker Hughes Company Pension PlanBaker Hughes Company Pension…$356MInternational Union of Operating Engineers Local 14-14b Pension FdInternational Union of Opera…$356MAera Energy Services Company Cash Balance PlanAera Energy Services Company…$355M
End-of-year total assets ($M) among Baker Hughes Company Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2024.

Texas filing particulars

Total Assets (Beginning of Year)$540M
Net Assets (End of Year)$356M
Net Income-$184M
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 -100102030 Total assets ($B) Participants Baker Hughes Company Pension Plan, Total assets ($B): 0.356036662 · Participants: 4861Baker Hughes Company Pension PlanAT&T Pension Benefit Plan, Total assets ($B): 28.265893 · Participants: 100400AT&T Pension Benefit PlanExxonmobil Pension Plan, Total assets ($B): 12.095 · Participants: 22000Exxonmobil Pension PlanChevron Retirement Plan, Total assets ($B): 9.731784707 · Participants: 21297Chevron Retirement PlanShell Pension Plan, Total assets ($B): 9.694184685 · Participants: 12688Shell Pension PlanCaterpillar Inc. Retirement Income Plan, Total assets ($B): 9.1940497 · Participants: 11498Caterpillar Inc. Retirement Income 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 →

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 International Union of Operating Engineers Local 14-14b Pension Fd in NY ($356M); by covered participants it is Puget Sound Electrical Workers Pension Plan in WA (4,852 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (4,861 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Baker Hughes Company Pension Plan contracted severely - down 34.1% during 2024, from $540M to $356M. Reported net income was -$184M.
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 96th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (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 International Union of Operating Engineers Local 14-14b Pension Fd in NY ($356M, 826 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 Puget Sound Electrical Workers Pension Plan in WA (4,852 participants, $1.3B in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.