Defined Benefit (Pension) · DOL Form 5500 · 2024
Baker Hughes Holdings LLC Pension Plan
Data updated 2026-08-11
- $356M
- Total assets
- 4,861
- Participants
- 96th
- Percentile by assets
- $73,244
- Avg per participant
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.
- 96th percentile by assets (of 123,622 plans)
- #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.
- $356M
- total plan assets (2024 EOY)
- 4,861
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $73,244
- avg assets per participant
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.
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.
Participants vs Texas filers
In Texas, the average filing covers about 688 participants across 10,116 plans. Baker Hughes Company Pension Plan reports 4,861 participants - 7.1x that state average ($356M EOY assets).
Texas filing particulars
| Total Assets (Beginning of Year) | $540M |
|---|---|
| Net Assets (End of Year) | $356M |
| Net Income | -$184M |
| Employer EIN | 760207995 |
| Plan Effective Date | 2002-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Baker Hughes Holdings LLC)
| 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
- AT&T Pension Benefit Plan $28.3B · 100,400
- Exxonmobil Pension Plan $12.1B · 22,000
- Chevron Retirement Plan $9.7B · 21,297
- Shell Pension Plan $9.7B · 12,688
- Caterpillar Inc. Retirement Income Plan $9.2B · 11,498
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.
- International Union of Operating Engineers Local 14-14b Pension Fd (NY) $356M · 826
- Omaha Construction Industry Pension Plan (NE) $356M · 1,402
- Delta Air Lines, Inc. Market Based Cash Balance Plan (GA) $357M · 14,012
- Aera Energy Services Company Cash Balance Plan (CA) $355M · 790
Frequently Asked Questions
How did Baker Hughes Company Pension Plan assets move in 2024? ▼
How have Baker Hughes Holdings LLC plan assets changed over time? ▼
Where does Baker Hughes Company Pension Plan rank by assets among Form 5500 filers? ▼
Which Defined Benefit (Pension) plans are similar in size to Baker Hughes Company Pension Plan? ▼
Next read for Baker Hughes Company Pension Plan
Filing takeaways
Ways to act on Baker Hughes Company Pension Plan's numbers.
- By total assets, Baker Hughes Company Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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