Plan Snapshot
- Plan Sponsor: Baker Hughes Holdings LLC
- Sponsor EIN: 760207995
- Sponsor Address: P.O. BOX 4740, HOUSTON, TX, 772104740
- Plan Type: 401(k)
- Total Participants: 11,706
- Total Assets: $4.0B
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 11,706 | $4.0B | $106.1M | $130.6M |
| 2023 | 12,560 | $3.7B | $138.3M | $128.8M |
| 2022 | 12,851 | $3.3B | $134.7M | $128.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| GREAT-WEST LIFE & ANNUITY INSURANCE | CONTRACT ADMIN | $827,072 | — | $827,072 |
| MERCER | ACTURAL | $233,919 | — | $233,919 |
| NORTHERN TRUST COMPANY | TRTE-DIR | $226,104 | — | $226,104 |
| FULBRIGHT & JAWORSKI | LEGAL | $91,444 | — | $91,444 |
| WEAVER & TIDWELL, LLP | AUDITOR | $63,561 | — | $63,561 |
| HERRONPALMER, LLC | CONSULTG | $21,673 | — | $21,673 |
| QDRO CONSULTANTS CO. LLC | CONSULTP | $13,200 | — | $13,200 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FULBRIGHT & JAWORSKI — LEGAL
- WEAVER & TIDWELL, LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,476,973
- Estimated Expense Ratio: 0.037% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $1,610,269 | $226,104 | $827,072 | $63,561 | — |
| 2023 | $1,430,304 | $202,731 | $815,469 | $60,199 | — |
| 2022 | $1,523,165 | $332,551 | $809,798 | — | $473,271 |