Plan Snapshot
- Plan Sponsor: Baker Hughes Holdings LLC
- Sponsor EIN: 760207995
- Sponsor Address: P.O. BOX 4740, HOUSTON, TX, 772104740
- Plan Type: 401(k)
- Plan Number: 040
- Total Participants: 0
- Total Assets: $696.6M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $696.6M | $0 | $0 |
| 2023 | 0 | $715.0M | $0 | $0 |
| 2022 | 0 | $712.2M | $0 | $0 |
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 |
|---|---|---|---|---|
| GALLIARD CAPITAL MANAGEMENT, INC. | Other Service Provider | $496,029 | — | $496,029 |
| NORTHERN TRUST COMPANY | Other Service Provider | $92,189 | — | $92,189 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $588,218
- Estimated Expense Ratio: 0.084% 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 | $599,003 | $506,814 | — | — | — |
| 2023 | $571,586 | $472,977 | — | — | — |
| 2022 | $576,336 | $471,247 | — | — | $105,082 |