Plan Snapshot
- Plan Sponsor: Baker Hughes Holdings LLC
- Sponsor EIN: 760207995
- Sponsor Address: P.O. BOX 4740, HOUSTON, TX, 772104740
- Plan Type: DB
- Total Participants: 3,851
- Total Assets: $356.0M
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 | 3,851 | $356.0M | $0 | $0 |
| 2023 | 4,861 | $539.9M | $5.3M | $0 |
| 2022 | 5,353 | $512.8M | $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 |
|---|---|---|---|---|
| WILLIS TOWERS WATSON US LLC | ACTURAL | $2,861,445 | — | $2,861,445 |
| MERCER | ACTURAL | $300,327 | — | $300,327 |
| FULBRIGHT & JAWORSKI | LEGAL | $182,775 | — | $182,775 |
| NORTHERN TRUST COMPANY | TRTE-DIR | $97,938 | — | $97,938 |
| WEAVER AND TIDWELL, LLP | AUDITOR | $43,332 | — | $43,332 |
| BLACKROCK | TRUSTECO | $31,422 | — | $31,422 |
| SIMPLY CONNECT | CONSULTG | $30,578 | — | $30,578 |
| HERRONPALMER, LLC | CONSULTG | $10,837 | — | $10,837 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- WILLIS TOWERS WATSON US LLC — ACTURAL
- FULBRIGHT & JAWORSKI — LEGAL
- WEAVER AND TIDWELL, LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $3,558,654
- Estimated Expense Ratio: 1.000% 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 | $5,846,049 | — | — | $43,332 | — |
| 2023 | $4,579,088 | — | — | $42,277 | — |
| 2022 | $4,426,003 | — | $275,951 | — | $1,748,878 |