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BAKER HUGHES INCORPORATED THRIFT PLAN 401k Plan overview

Plan NameBAKER HUGHES INCORPORATED THRIFT PLAN
Plan identification number 002

BAKER HUGHES INCORPORATED THRIFT PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Age/Service Weighted or new comparability or similar plan - Age/Service Weighted Plan: Allocations are based on age, service, or age and service. New comparability or similar plan: Allocations are based on participant classifications and a classification(s) consists entirely or predominantly of highly compensated employees; or the plan provides an additional allocation rate on compensation above a specified threshold, and the theshold or additional rate exceeds the maximum threshold or rate allowed under the permitted disparity rules of section 401(l).
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

BAKER HUGHES HOLDINGS, LLC has sponsored the creation of one or more 401k plans.

Company Name:BAKER HUGHES HOLDINGS, LLC
Employer identification number (EIN):760207995
NAIC Classification:213110
NAIC Description: Support Activities for Mining

Additional information about BAKER HUGHES HOLDINGS, LLC

Jurisdiction of Incorporation: State of Delaware Division of Corporations
Incorporation Date:
Company Identification Number: 2106297

More information about BAKER HUGHES HOLDINGS, LLC

Form 5500 Filing Information

Submission information for form 5500 for 401k plan BAKER HUGHES INCORPORATED THRIFT PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022023-01-01DANIEL O. WEBBER2024-10-14
0022022-01-01DANIEL O. WEBBER2023-10-11
0022021-01-01DANIEL O. WEBBER2022-10-12
0022020-01-01DANIEL O. WEBBER2021-10-14
0022019-01-01DANIEL O. WEBBER2020-10-14
0022018-01-01DANIEL O. WEBBER2019-10-10
0022017-01-01
0022016-01-01DANIEL O. WEBBER DANIEL O. WEBBER2018-01-31
0022015-01-01DANIEL O. WEBBER DANIEL O. WEBBER2016-10-17
0022014-01-01DANIEL O. WEBBER DANIEL O. WEBBER2015-10-14
0022013-01-01DANIEL O. WEBBER DANIEL O. WEBBER2014-10-14
0022012-01-01DANIEL O. WEBBER DANIEL O. WEBBER2015-01-29
0022011-01-01DANIEL O. WEBBER DANIEL O. WEBBER2015-01-22
0022010-01-01DANIEL O. WEBBER DANIEL O. WEBBER2015-02-27
0022009-01-01DANIEL O. WEBBER DANIEL O. WEBBER2015-02-27

Plan Statistics for BAKER HUGHES INCORPORATED THRIFT PLAN

401k plan membership statisitcs for BAKER HUGHES INCORPORATED THRIFT PLAN

Measure Date Value
2023: BAKER HUGHES INCORPORATED THRIFT PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-0123,673
Total number of active participants reported on line 7a of the Form 55002023-01-0112,560
Number of retired or separated participants receiving benefits2023-01-01907
Number of other retired or separated participants entitled to future benefits2023-01-019,504
Total of all active and inactive participants2023-01-0122,971
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-01199
Total participants2023-01-0123,170
Number of participants with account balances2023-01-0123,057
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-01273
2022: BAKER HUGHES INCORPORATED THRIFT PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0124,204
Total number of active participants reported on line 7a of the Form 55002022-01-0112,851
Number of retired or separated participants receiving benefits2022-01-01626
Number of other retired or separated participants entitled to future benefits2022-01-019,943
Total of all active and inactive participants2022-01-0123,420
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-01187
Total participants2022-01-0123,607
Number of participants with account balances2022-01-0123,464
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-01272
2021: BAKER HUGHES INCORPORATED THRIFT PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0124,977
Total number of active participants reported on line 7a of the Form 55002021-01-0112,250
Number of retired or separated participants receiving benefits2021-01-01808
Number of other retired or separated participants entitled to future benefits2021-01-0110,924
Total of all active and inactive participants2021-01-0123,982
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-01208
Total participants2021-01-0124,190
Number of participants with account balances2021-01-0124,098
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-01264
2020: BAKER HUGHES INCORPORATED THRIFT PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-0129,744
Total number of active participants reported on line 7a of the Form 55002020-01-0112,808
Number of retired or separated participants receiving benefits2020-01-011,692
Number of other retired or separated participants entitled to future benefits2020-01-0110,281
Total of all active and inactive participants2020-01-0124,781
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-01196
Total participants2020-01-0124,977
Number of participants with account balances2020-01-0124,921
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-011,061
2019: BAKER HUGHES INCORPORATED THRIFT PLAN 2019 401k membership
Total participants, beginning-of-year2019-01-0131,008
Total number of active participants reported on line 7a of the Form 55002019-01-0121,262
Number of retired or separated participants receiving benefits2019-01-010
Number of other retired or separated participants entitled to future benefits2019-01-018,319
Total of all active and inactive participants2019-01-0129,581
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2019-01-01155
Total participants2019-01-0129,736
Number of participants with account balances2019-01-0126,653
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2019-01-011,242
2018: BAKER HUGHES INCORPORATED THRIFT PLAN 2018 401k membership
Total participants, beginning-of-year2018-01-0129,012
Total number of active participants reported on line 7a of the Form 55002018-01-0123,995
Number of retired or separated participants receiving benefits2018-01-010
Number of other retired or separated participants entitled to future benefits2018-01-019,989
Total of all active and inactive participants2018-01-0133,984
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2018-01-01184
Total participants2018-01-0134,168
Number of participants with account balances2018-01-0122,210
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2018-01-01607
2017: BAKER HUGHES INCORPORATED THRIFT PLAN 2017 401k membership
Total participants, beginning-of-year2017-01-0127,690
Total number of active participants reported on line 7a of the Form 55002017-01-0116,267
Number of retired or separated participants receiving benefits2017-01-010
Number of other retired or separated participants entitled to future benefits2017-01-018,662
Total of all active and inactive participants2017-01-0124,929
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2017-01-01172
Total participants2017-01-0125,101
Number of participants with account balances2017-01-0119,449
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2017-01-01328
2016: BAKER HUGHES INCORPORATED THRIFT PLAN 2016 401k membership
Total participants, beginning-of-year2016-01-0132,137
Total number of active participants reported on line 7a of the Form 55002016-01-0117,774
Number of retired or separated participants receiving benefits2016-01-010
Number of other retired or separated participants entitled to future benefits2016-01-019,708
Total of all active and inactive participants2016-01-0127,482
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2016-01-01187
Total participants2016-01-0127,669
Number of participants with account balances2016-01-0120,671
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2016-01-01504
2015: BAKER HUGHES INCORPORATED THRIFT PLAN 2015 401k membership
Total participants, beginning-of-year2015-01-0134,945
Total number of active participants reported on line 7a of the Form 55002015-01-0121,185
Number of retired or separated participants receiving benefits2015-01-010
Number of other retired or separated participants entitled to future benefits2015-01-0110,884
Total of all active and inactive participants2015-01-0132,069
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2015-01-01181
Total participants2015-01-0132,250
Number of participants with account balances2015-01-0125,115
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2015-01-011,604
2014: BAKER HUGHES INCORPORATED THRIFT PLAN 2014 401k membership
Total participants, beginning-of-year2014-01-0131,402
Total number of active participants reported on line 7a of the Form 55002014-01-0128,197
Number of retired or separated participants receiving benefits2014-01-010
Number of other retired or separated participants entitled to future benefits2014-01-016,564
Total of all active and inactive participants2014-01-0134,761
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2014-01-01182
Total participants2014-01-0134,943
Number of participants with account balances2014-01-0128,618
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2014-01-012,487
2013: BAKER HUGHES INCORPORATED THRIFT PLAN 2013 401k membership
Total participants, beginning-of-year2013-01-0129,944
Total number of active participants reported on line 7a of the Form 55002013-01-0126,156
Number of retired or separated participants receiving benefits2013-01-010
Number of other retired or separated participants entitled to future benefits2013-01-016,171
Total of all active and inactive participants2013-01-0132,327
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2013-01-01151
Total participants2013-01-0132,478
Number of participants with account balances2013-01-0126,561
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2013-01-012,549
2012: BAKER HUGHES INCORPORATED THRIFT PLAN 2012 401k membership
Total participants, beginning-of-year2012-01-0126,929
Total number of active participants reported on line 7a of the Form 55002012-01-0124,129
Number of retired or separated participants receiving benefits2012-01-010
Number of other retired or separated participants entitled to future benefits2012-01-015,618
Total of all active and inactive participants2012-01-0129,747
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2012-01-01128
Total participants2012-01-0129,875
Number of participants with account balances2012-01-0124,617
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2012-01-012,486
2011: BAKER HUGHES INCORPORATED THRIFT PLAN 2011 401k membership
Total participants, beginning-of-year2011-01-0124,917
Total number of active participants reported on line 7a of the Form 55002011-01-0121,728
Number of retired or separated participants receiving benefits2011-01-011
Number of other retired or separated participants entitled to future benefits2011-01-015,076
Total of all active and inactive participants2011-01-0126,805
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2011-01-01109
Total participants2011-01-0126,914
Number of participants with account balances2011-01-0121,496
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2011-01-011,231
2010: BAKER HUGHES INCORPORATED THRIFT PLAN 2010 401k membership
Total participants, beginning-of-year2010-01-0125,242
Total number of active participants reported on line 7a of the Form 55002010-01-0120,059
Number of retired or separated participants receiving benefits2010-01-011
Number of other retired or separated participants entitled to future benefits2010-01-014,984
Total of all active and inactive participants2010-01-0125,044
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2010-01-0185
Total participants2010-01-0125,129
Number of participants with account balances2010-01-0119,981
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2010-01-01857
2009: BAKER HUGHES INCORPORATED THRIFT PLAN 2009 401k membership
Total participants, beginning-of-year2009-01-0126,818
Total number of active participants reported on line 7a of the Form 55002009-01-0119,108
Number of retired or separated participants receiving benefits2009-01-013
Number of other retired or separated participants entitled to future benefits2009-01-015,114
Total of all active and inactive participants2009-01-0124,225
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2009-01-0184
Total participants2009-01-0124,309
Number of participants with account balances2009-01-0118,992
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2009-01-012,018

Financial Data on BAKER HUGHES INCORPORATED THRIFT PLAN

Measure Date Value
2023 : BAKER HUGHES INCORPORATED THRIFT PLAN 2023 401k financial data
Total transfer of assets to this plan2023-12-31$17,700,100
Total income from all sources (including contributions)2023-12-31$856,352,633
Total of all expenses incurred2023-12-31$375,568,957
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$374,138,653
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$282,656,922
Value of total assets at end of year2023-12-31$3,749,008,725
Value of total assets at beginning of year2023-12-31$3,250,524,949
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$1,430,304
Total interest from all sources2023-12-31$2,412,876
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$10,000,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$128,815,302
Participant contributions at end of year2023-12-31$48,141,891
Participant contributions at beginning of year2023-12-31$43,401,252
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$15,506,298
Administrative expenses (other) incurred2023-12-31$-116,782
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$480,783,676
Value of net assets at end of year (total assets less liabilities)2023-12-31$3,749,008,725
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$3,250,524,949
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$202,731
Interest on participant loans2023-12-31$2,209,834
Value of interest in master investment trust accounts at end of year2023-12-31$3,700,866,834
Value of interest in master investment trust accounts at beginning of year2023-12-31$3,207,123,697
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2023-12-31$203,042
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$138,335,322
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$374,138,653
Contract administrator fees2023-12-31$815,469
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32023-12-31No
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2023-12-31750786316
2022 : BAKER HUGHES INCORPORATED THRIFT PLAN 2022 401k financial data
Total income from all sources (including contributions)2022-12-31$-259,122,413
Total of all expenses incurred2022-12-31$305,544,124
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$304,020,959
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$274,551,508
Value of total assets at end of year2022-12-31$3,250,524,949
Value of total assets at beginning of year2022-12-31$3,815,191,486
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$1,523,165
Total interest from all sources2022-12-31$1,671,343
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Administrative expenses professional fees incurred2022-12-31$473,271
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$10,000,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$128,394,235
Participant contributions at end of year2022-12-31$43,401,252
Participant contributions at beginning of year2022-12-31$46,160,619
Income. Received or receivable in cash from other sources (including rollovers)2022-12-31$11,483,383
Administrative expenses (other) incurred2022-12-31$-92,455
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-564,666,537
Value of net assets at end of year (total assets less liabilities)2022-12-31$3,250,524,949
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$3,815,191,486
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$332,551
Interest on participant loans2022-12-31$1,616,012
Value of interest in master investment trust accounts at end of year2022-12-31$3,207,123,697
Value of interest in master investment trust accounts at beginning of year2022-12-31$3,769,030,867
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$55,331
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$134,673,890
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$304,020,959
Contract administrator fees2022-12-31$809,798
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32022-12-31No
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Unqualified
Accountancy firm name2022-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2022-12-31750786316
2021 : BAKER HUGHES INCORPORATED THRIFT PLAN 2021 401k financial data
Total income from all sources (including contributions)2021-12-31$693,063,699
Total of all expenses incurred2021-12-31$419,415,242
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$417,409,863
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$254,089,708
Value of total assets at end of year2021-12-31$3,815,191,486
Value of total assets at beginning of year2021-12-31$3,541,543,029
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$2,005,379
Total interest from all sources2021-12-31$1,750,451
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Administrative expenses professional fees incurred2021-12-31$624,746
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$10,000,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$119,307,533
Participant contributions at end of year2021-12-31$46,160,619
Participant contributions at beginning of year2021-12-31$46,916,136
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$13,446,051
Administrative expenses (other) incurred2021-12-31$105,801
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$273,648,457
Value of net assets at end of year (total assets less liabilities)2021-12-31$3,815,191,486
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$3,541,543,029
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$387,207
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$119,340,830
Interest on participant loans2021-12-31$1,749,102
Value of interest in master investment trust accounts at end of year2021-12-31$3,769,030,867
Value of interest in master investment trust accounts at beginning of year2021-12-31$3,375,286,063
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2021-12-31$1,349
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$121,336,124
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$417,409,863
Contract administrator fees2021-12-31$887,625
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32021-12-31No
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Unqualified
Accountancy firm name2021-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2021-12-31750786316
2020 : BAKER HUGHES INCORPORATED THRIFT PLAN 2020 401k financial data
Total transfer of assets to this plan2020-12-31$24,387,139
Total income from all sources (including contributions)2020-12-31$729,303,740
Total of all expenses incurred2020-12-31$661,581,385
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$658,838,948
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$320,300,784
Value of total assets at end of year2020-12-31$3,541,543,029
Value of total assets at beginning of year2020-12-31$3,449,433,535
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$2,742,437
Total interest from all sources2020-12-31$2,347,681
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Administrative expenses professional fees incurred2020-12-31$1,226,602
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$10,000,000
If this is an individual account plan, was there a blackout period2020-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2020-12-31$0
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$142,696,411
Participant contributions at end of year2020-12-31$46,916,136
Participant contributions at beginning of year2020-12-31$53,437,239
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$21,735,942
Administrative expenses (other) incurred2020-12-31$745,909
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$67,722,355
Value of net assets at end of year (total assets less liabilities)2020-12-31$3,541,543,029
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$3,449,433,535
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$356,839
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$119,340,830
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2020-12-31$0
Interest on participant loans2020-12-31$2,315,641
Value of interest in master investment trust accounts at end of year2020-12-31$3,375,286,063
Value of interest in master investment trust accounts at beginning of year2020-12-31$3,395,996,296
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2020-12-31$32,040
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$155,868,431
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$658,838,948
Contract administrator fees2020-12-31$413,087
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32020-12-31No
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Unqualified
Accountancy firm name2020-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2020-12-31750786316
2019 : BAKER HUGHES INCORPORATED THRIFT PLAN 2019 401k financial data
Total transfer of assets to this plan2019-12-31$628,621
Total transfer of assets to this plan2019-12-31$628,621
Total income from all sources (including contributions)2019-12-31$879,558,870
Total income from all sources (including contributions)2019-12-31$879,558,870
Total of all expenses incurred2019-12-31$364,255,455
Total of all expenses incurred2019-12-31$364,255,455
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2019-12-31$361,970,866
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$353,571,691
Total contributions o plan (from employers,participants, others, non cash contrinutions)2019-12-31$353,571,691
Value of total assets at end of year2019-12-31$3,449,433,535
Value of total assets at beginning of year2019-12-31$2,933,501,499
Value of total assets at beginning of year2019-12-31$2,933,501,499
Total of administrative expenses incurred including professional, contract, advisory and management fees2019-12-31$2,284,589
Total interest from all sources2019-12-31$2,907,725
Total interest from all sources2019-12-31$2,907,725
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2019-12-31No
Administrative expenses professional fees incurred2019-12-31$1,804,344
Was this plan covered by a fidelity bond2019-12-31Yes
Was this plan covered by a fidelity bond2019-12-31Yes
Value of fidelity bond cover2019-12-31$10,000,000
Value of fidelity bond cover2019-12-31$10,000,000
If this is an individual account plan, was there a blackout period2019-12-31No
If this is an individual account plan, was there a blackout period2019-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2019-12-31$0
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Were there any nonexempt tranactions with any party-in-interest2019-12-31No
Contributions received from participants2019-12-31$162,924,546
Participant contributions at end of year2019-12-31$53,437,239
Participant contributions at beginning of year2019-12-31$50,949,260
Participant contributions at beginning of year2019-12-31$50,949,260
Income. Received or receivable in cash from other sources (including rollovers)2019-12-31$11,428,578
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Value of net income/loss2019-12-31$515,303,415
Value of net income/loss2019-12-31$515,303,415
Value of net assets at end of year (total assets less liabilities)2019-12-31$3,449,433,535
Value of net assets at beginning of year (total assets less liabilities)2019-12-31$2,933,501,499
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2019-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Were any leases to which the plan was party in default or uncollectible2019-12-31No
Investment advisory and management fees2019-12-31$480,245
Interest on participant loans2019-12-31$2,792,727
Interest on participant loans2019-12-31$2,792,727
Value of interest in master investment trust accounts at end of year2019-12-31$3,395,996,296
Value of interest in master investment trust accounts at beginning of year2019-12-31$2,882,552,239
Value of interest in master investment trust accounts at beginning of year2019-12-31$2,882,552,239
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$114,998
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2019-12-31$114,998
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2019-12-31No
Was there a failure to transmit to the plan any participant contributions2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Has the plan failed to provide any benefit when due under the plan2019-12-31No
Contributions received in cash from employer2019-12-31$179,218,567
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2019-12-31$361,970,866
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32019-12-31No
Did the plan have assets held for investment2019-12-31Yes
Did the plan have assets held for investment2019-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2019-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2019-12-31Yes
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Opinion of an independent qualified public accountant for this plan2019-12-31Disclaimer
Accountancy firm name2019-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2019-12-31750786316
2018 : BAKER HUGHES INCORPORATED THRIFT PLAN 2018 401k financial data
Total income from all sources (including contributions)2018-12-31$66,498,706
Total of all expenses incurred2018-12-31$388,876,035
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2018-12-31$386,521,420
Total contributions o plan (from employers,participants, others, non cash contrinutions)2018-12-31$197,641,821
Value of total assets at end of year2018-12-31$2,933,501,499
Value of total assets at beginning of year2018-12-31$3,255,878,828
Total of administrative expenses incurred including professional, contract, advisory and management fees2018-12-31$2,354,615
Total interest from all sources2018-12-31$2,535,717
Total dividends received (eg from common stock, registered investment company shares)2018-12-31$9
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2018-12-31No
Administrative expenses professional fees incurred2018-12-31$1,566,056
Was this plan covered by a fidelity bond2018-12-31Yes
Value of fidelity bond cover2018-12-31$10,000,000
If this is an individual account plan, was there a blackout period2018-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2018-12-31$0
Were there any nonexempt tranactions with any party-in-interest2018-12-31No
Contributions received from participants2018-12-31$94,156,662
Participant contributions at end of year2018-12-31$50,949,260
Participant contributions at beginning of year2018-12-31$50,986,843
Income. Received or receivable in cash from other sources (including rollovers)2018-12-31$2,648,843
Administrative expenses (other) incurred2018-12-31$443,588
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Value of net income/loss2018-12-31$-322,377,329
Value of net assets at end of year (total assets less liabilities)2018-12-31$2,933,501,499
Value of net assets at beginning of year (total assets less liabilities)2018-12-31$3,255,878,828
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2018-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2018-12-31No
Were any leases to which the plan was party in default or uncollectible2018-12-31No
Investment advisory and management fees2018-12-31$344,971
Interest on participant loans2018-12-31$2,430,377
Value of interest in master investment trust accounts at end of year2018-12-31$2,882,552,239
Value of interest in master investment trust accounts at beginning of year2018-12-31$3,204,891,985
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2018-12-31$105,340
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2018-12-31No
Was there a failure to transmit to the plan any participant contributions2018-12-31No
Has the plan failed to provide any benefit when due under the plan2018-12-31No
Contributions received in cash from employer2018-12-31$100,836,316
Income. Dividends from common stock2018-12-31$9
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2018-12-31$386,521,420
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32018-12-31No
Did the plan have assets held for investment2018-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2018-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2018-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2018-12-31Yes
Opinion of an independent qualified public accountant for this plan2018-12-31Disclaimer
Accountancy firm name2018-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2018-12-31750786316
2017 : BAKER HUGHES INCORPORATED THRIFT PLAN 2017 401k financial data
Total income from all sources (including contributions)2017-12-31$632,257,104
Total of all expenses incurred2017-12-31$393,830,621
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2017-12-31$391,580,558
Total contributions o plan (from employers,participants, others, non cash contrinutions)2017-12-31$202,903,010
Value of total assets at end of year2017-12-31$3,255,878,828
Value of total assets at beginning of year2017-12-31$3,017,452,345
Total of administrative expenses incurred including professional, contract, advisory and management fees2017-12-31$2,250,063
Total interest from all sources2017-12-31$2,420,472
Total dividends received (eg from common stock, registered investment company shares)2017-12-31$12
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2017-12-31No
Administrative expenses professional fees incurred2017-12-31$1,614,995
Was this plan covered by a fidelity bond2017-12-31Yes
Value of fidelity bond cover2017-12-31$10,000,000
If this is an individual account plan, was there a blackout period2017-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2017-12-31$0
Were there any nonexempt tranactions with any party-in-interest2017-12-31No
Contributions received from participants2017-12-31$98,291,657
Participant contributions at end of year2017-12-31$50,986,843
Participant contributions at beginning of year2017-12-31$57,159,261
Income. Received or receivable in cash from other sources (including rollovers)2017-12-31$4,082,162
Administrative expenses (other) incurred2017-12-31$340,198
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Value of net income/loss2017-12-31$238,426,483
Value of net assets at end of year (total assets less liabilities)2017-12-31$3,255,878,828
Value of net assets at beginning of year (total assets less liabilities)2017-12-31$3,017,452,345
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2017-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2017-12-31No
Were any leases to which the plan was party in default or uncollectible2017-12-31No
Investment advisory and management fees2017-12-31$294,870
Interest on participant loans2017-12-31$2,365,219
Value of interest in master investment trust accounts at end of year2017-12-31$3,204,891,985
Value of interest in master investment trust accounts at beginning of year2017-12-31$2,960,293,084
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2017-12-31$55,253
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2017-12-31No
Was there a failure to transmit to the plan any participant contributions2017-12-31No
Has the plan failed to provide any benefit when due under the plan2017-12-31No
Contributions received in cash from employer2017-12-31$100,529,191
Income. Dividends from common stock2017-12-31$12
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2017-12-31$391,580,558
Was the provided the required notice or one of the exceptions to providing the black out period notice applied under 29 CFR 2520.101-32017-12-31No
Did the plan have assets held for investment2017-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2017-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2017-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2017-12-31Yes
Opinion of an independent qualified public accountant for this plan2017-12-31Disclaimer
Accountancy firm name2017-12-31WEAVER AND TIDWELL, LLP
Accountancy firm EIN2017-12-31750786316
2016 : BAKER HUGHES INCORPORATED THRIFT PLAN 2016 401k financial data
Total unrealized appreciation/depreciation of assets2016-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2016-12-31$0
Total income from all sources (including contributions)2016-12-31$331,754,094
Total loss/gain on sale of assets2016-12-31$0
Total of all expenses incurred2016-12-31$543,067,834
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2016-12-31$540,730,900
Total contributions o plan (from employers,participants, others, non cash contrinutions)2016-12-31$138,134,462
Value of total assets at end of year2016-12-31$3,017,452,345
Value of total assets at beginning of year2016-12-31$3,228,766,085
Total of administrative expenses incurred including professional, contract, advisory and management fees2016-12-31$2,336,934
Total interest from all sources2016-12-31$2,600,922
Total dividends received (eg from common stock, registered investment company shares)2016-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2016-12-31No
Administrative expenses professional fees incurred2016-12-31$2,069,364
Was this plan covered by a fidelity bond2016-12-31Yes
Value of fidelity bond cover2016-12-31$10,000,000
If this is an individual account plan, was there a blackout period2016-12-31No
Were there any nonexempt tranactions with any party-in-interest2016-12-31No
Contributions received from participants2016-12-31$97,006,377
Participant contributions at end of year2016-12-31$57,159,261
Participant contributions at beginning of year2016-12-31$73,003,668
Income. Received or receivable in cash from other sources (including rollovers)2016-12-31$2,442,765
Administrative expenses (other) incurred2016-12-31$2,200
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Value of net income/loss2016-12-31$-211,313,740
Value of net assets at end of year (total assets less liabilities)2016-12-31$3,017,452,345
Value of net assets at beginning of year (total assets less liabilities)2016-12-31$3,228,766,085
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2016-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2016-12-31No
Were any leases to which the plan was party in default or uncollectible2016-12-31No
Investment advisory and management fees2016-12-31$265,370
Interest on participant loans2016-12-31$2,569,837
Value of interest in master investment trust accounts at end of year2016-12-31$2,960,293,084
Value of interest in master investment trust accounts at beginning of year2016-12-31$3,155,762,417
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2016-12-31$31,085
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2016-12-31No
Was there a failure to transmit to the plan any participant contributions2016-12-31No
Has the plan failed to provide any benefit when due under the plan2016-12-31No
Contributions received in cash from employer2016-12-31$38,685,320
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2016-12-31$540,730,900
Did the plan have assets held for investment2016-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2016-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2016-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2016-12-31Yes
Opinion of an independent qualified public accountant for this plan2016-12-31Disclaimer
Accountancy firm name2016-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2016-12-31133891517
2015 : BAKER HUGHES INCORPORATED THRIFT PLAN 2015 401k financial data
Total unrealized appreciation/depreciation of assets2015-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2015-12-31$0
Total income from all sources (including contributions)2015-12-31$284,229,814
Total loss/gain on sale of assets2015-12-31$0
Total of all expenses incurred2015-12-31$685,452,189
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2015-12-31$682,154,825
Expenses. Certain deemed distributions of participant loans2015-12-31$187,788
Total contributions o plan (from employers,participants, others, non cash contrinutions)2015-12-31$308,219,801
Value of total assets at end of year2015-12-31$3,228,766,085
Value of total assets at beginning of year2015-12-31$3,629,988,460
Total of administrative expenses incurred including professional, contract, advisory and management fees2015-12-31$3,109,576
Total interest from all sources2015-12-31$3,284,613
Total dividends received (eg from common stock, registered investment company shares)2015-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2015-12-31No
Administrative expenses professional fees incurred2015-12-31$714,183
Was this plan covered by a fidelity bond2015-12-31Yes
Value of fidelity bond cover2015-12-31$10,000,000
If this is an individual account plan, was there a blackout period2015-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2015-12-31$0
Were there any nonexempt tranactions with any party-in-interest2015-12-31No
Contributions received from participants2015-12-31$152,412,729
Participant contributions at end of year2015-12-31$73,003,668
Participant contributions at beginning of year2015-12-31$92,362,660
Income. Received or receivable in cash from other sources (including rollovers)2015-12-31$2,878,646
Administrative expenses (other) incurred2015-12-31$21,005
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Value of net income/loss2015-12-31$-401,222,375
Value of net assets at end of year (total assets less liabilities)2015-12-31$3,228,766,085
Value of net assets at beginning of year (total assets less liabilities)2015-12-31$3,629,988,460
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2015-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2015-12-31No
Were any leases to which the plan was party in default or uncollectible2015-12-31No
Investment advisory and management fees2015-12-31$360,858
Interest on participant loans2015-12-31$3,284,613
Value of interest in master investment trust accounts at end of year2015-12-31$3,155,762,417
Value of interest in master investment trust accounts at beginning of year2015-12-31$3,537,625,800
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2015-12-31No
Was there a failure to transmit to the plan any participant contributions2015-12-31No
Has the plan failed to provide any benefit when due under the plan2015-12-31No
Contributions received in cash from employer2015-12-31$152,928,426
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2015-12-31$682,154,825
Contract administrator fees2015-12-31$2,013,530
Did the plan have assets held for investment2015-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2015-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2015-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2015-12-31Yes
Opinion of an independent qualified public accountant for this plan2015-12-31Disclaimer
Accountancy firm name2015-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2015-12-31133891517
2014 : BAKER HUGHES INCORPORATED THRIFT PLAN 2014 401k financial data
Total unrealized appreciation/depreciation of assets2014-12-31$0
Total transfer of assets to this plan2014-12-31$774,773
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2014-12-31$0
Total income from all sources (including contributions)2014-12-31$533,021,641
Total loss/gain on sale of assets2014-12-31$0
Total of all expenses incurred2014-12-31$372,978,870
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2014-12-31$369,851,474
Expenses. Certain deemed distributions of participant loans2014-12-31$-91,422
Total contributions o plan (from employers,participants, others, non cash contrinutions)2014-12-31$390,961,165
Value of total assets at end of year2014-12-31$3,629,988,460
Value of total assets at beginning of year2014-12-31$3,469,170,916
Total of administrative expenses incurred including professional, contract, advisory and management fees2014-12-31$3,218,818
Total interest from all sources2014-12-31$3,747,251
Total dividends received (eg from common stock, registered investment company shares)2014-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2014-12-31No
Administrative expenses professional fees incurred2014-12-31$2,825,706
Was this plan covered by a fidelity bond2014-12-31Yes
Value of fidelity bond cover2014-12-31$10,000,000
If this is an individual account plan, was there a blackout period2014-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2014-12-31$0
Were there any nonexempt tranactions with any party-in-interest2014-12-31No
Contributions received from participants2014-12-31$189,782,488
Participant contributions at end of year2014-12-31$92,362,660
Participant contributions at beginning of year2014-12-31$89,902,895
Income. Received or receivable in cash from other sources (including rollovers)2014-12-31$6,519,713
Administrative expenses (other) incurred2014-12-31$5,178
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Value of net income/loss2014-12-31$160,042,771
Value of net assets at end of year (total assets less liabilities)2014-12-31$3,629,988,460
Value of net assets at beginning of year (total assets less liabilities)2014-12-31$3,469,170,916
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2014-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2014-12-31No
Were any leases to which the plan was party in default or uncollectible2014-12-31No
Investment advisory and management fees2014-12-31$387,934
Interest on participant loans2014-12-31$3,747,251
Value of interest in master investment trust accounts at end of year2014-12-31$3,537,625,800
Value of interest in master investment trust accounts at beginning of year2014-12-31$3,379,268,021
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2014-12-31No
Was there a failure to transmit to the plan any participant contributions2014-12-31No
Has the plan failed to provide any benefit when due under the plan2014-12-31No
Contributions received in cash from employer2014-12-31$194,658,964
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2014-12-31$369,851,474
Did the plan have assets held for investment2014-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2014-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2014-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2014-12-31Yes
Opinion of an independent qualified public accountant for this plan2014-12-31Disclaimer
Accountancy firm name2014-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2014-12-31133891517
2013 : BAKER HUGHES INCORPORATED THRIFT PLAN 2013 401k financial data
Total unrealized appreciation/depreciation of assets2013-12-31$0
Total transfer of assets to this plan2013-12-31$1,561,761
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2013-12-31$305,045
Total income from all sources (including contributions)2013-12-31$778,568,582
Total loss/gain on sale of assets2013-12-31$0
Total of all expenses incurred2013-12-31$283,265,123
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2013-12-31$279,032,524
Expenses. Certain deemed distributions of participant loans2013-12-31$174,519
Total contributions o plan (from employers,participants, others, non cash contrinutions)2013-12-31$353,425,113
Value of total assets at end of year2013-12-31$3,469,170,916
Value of total assets at beginning of year2013-12-31$2,972,610,741
Total of administrative expenses incurred including professional, contract, advisory and management fees2013-12-31$4,058,080
Total interest from all sources2013-12-31$3,436,331
Total dividends received (eg from common stock, registered investment company shares)2013-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2013-12-31No
Administrative expenses professional fees incurred2013-12-31$809,563
Was this plan covered by a fidelity bond2013-12-31Yes
Value of fidelity bond cover2013-12-31$10,000,000
If this is an individual account plan, was there a blackout period2013-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2013-12-31$0
Were there any nonexempt tranactions with any party-in-interest2013-12-31No
Contributions received from participants2013-12-31$170,865,871
Participant contributions at end of year2013-12-31$89,902,895
Participant contributions at beginning of year2013-12-31$75,898,224
Income. Received or receivable in cash from other sources (including rollovers)2013-12-31$6,439,562
Value of other receiveables (less allowance for doubtful accounts) at end of year2013-12-31$0
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2013-12-31$195
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2013-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2013-12-31$305,045
Administrative expenses (other) incurred2013-12-31$160,072
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Value of net income/loss2013-12-31$495,303,459
Value of net assets at end of year (total assets less liabilities)2013-12-31$3,469,170,916
Value of net assets at beginning of year (total assets less liabilities)2013-12-31$2,972,305,696
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2013-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2013-12-31No
Were any leases to which the plan was party in default or uncollectible2013-12-31No
Investment advisory and management fees2013-12-31$293,706
Interest on participant loans2013-12-31$3,436,331
Value of interest in master investment trust accounts at end of year2013-12-31$3,379,268,021
Value of interest in master investment trust accounts at beginning of year2013-12-31$2,892,938,461
Value of interest in common/collective trusts at end of year2013-12-31$0
Value of interest in common/collective trusts at beginning of year2013-12-31$3,773,861
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2013-12-31No
Was there a failure to transmit to the plan any participant contributions2013-12-31No
Has the plan failed to provide any benefit when due under the plan2013-12-31No
Contributions received in cash from employer2013-12-31$176,119,680
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2013-12-31$279,032,524
Contract administrator fees2013-12-31$2,794,739
Did the plan have assets held for investment2013-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2013-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2013-12-31No
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2013-12-31Yes
Opinion of an independent qualified public accountant for this plan2013-12-31Disclaimer
Accountancy firm name2013-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2013-12-31133891517
2012 : BAKER HUGHES INCORPORATED THRIFT PLAN 2012 401k financial data
Total unrealized appreciation/depreciation of assets2012-12-31$0
Total transfer of assets to this plan2012-12-31$365,450,421
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$305,045
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2012-12-31$190,023
Total income from all sources (including contributions)2012-12-31$559,134,194
Total loss/gain on sale of assets2012-12-31$17,449
Total of all expenses incurred2012-12-31$181,947,971
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2012-12-31$178,700,629
Expenses. Certain deemed distributions of participant loans2012-12-31$117,321
Total contributions o plan (from employers,participants, others, non cash contrinutions)2012-12-31$343,798,940
Value of total assets at end of year2012-12-31$2,972,610,741
Value of total assets at beginning of year2012-12-31$2,229,859,075
Total of administrative expenses incurred including professional, contract, advisory and management fees2012-12-31$3,130,021
Total interest from all sources2012-12-31$2,514,486
Total dividends received (eg from common stock, registered investment company shares)2012-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2012-12-31No
Administrative expenses professional fees incurred2012-12-31$551,842
Was this plan covered by a fidelity bond2012-12-31Yes
Value of fidelity bond cover2012-12-31$10,000,000
If this is an individual account plan, was there a blackout period2012-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2012-12-31$0
Were there any nonexempt tranactions with any party-in-interest2012-12-31No
Contributions received from participants2012-12-31$159,231,801
Participant contributions at end of year2012-12-31$75,898,224
Participant contributions at beginning of year2012-12-31$56,453,456
Income. Received or receivable in cash from other sources (including rollovers)2012-12-31$11,299,752
Value of other receiveables (less allowance for doubtful accounts) at end of year2012-12-31$195
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2012-12-31$15
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2012-12-31$305,045
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2012-12-31$190,023
Administrative expenses (other) incurred2012-12-31$49,396
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Value of net income/loss2012-12-31$377,186,223
Value of net assets at end of year (total assets less liabilities)2012-12-31$2,972,305,696
Value of net assets at beginning of year (total assets less liabilities)2012-12-31$2,229,669,052
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2012-12-31Yes
Were any loans by the plan or fixed income obligations due to the plan in default2012-12-31No
Were any leases to which the plan was party in default or uncollectible2012-12-31No
Investment advisory and management fees2012-12-31$409,187
Interest on participant loans2012-12-31$2,514,486
Value of interest in master investment trust accounts at end of year2012-12-31$2,892,938,461
Value of interest in master investment trust accounts at beginning of year2012-12-31$2,171,225,752
Value of interest in common/collective trusts at end of year2012-12-31$3,773,861
Value of interest in common/collective trusts at beginning of year2012-12-31$2,179,852
Net investment gain or loss from common/collective trusts2012-12-31$4,394
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2012-12-31No
Was there a failure to transmit to the plan any participant contributions2012-12-31No
Has the plan failed to provide any benefit when due under the plan2012-12-31No
Contributions received in cash from employer2012-12-31$173,267,387
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2012-12-31$178,700,629
Contract administrator fees2012-12-31$2,119,596
Did the plan have assets held for investment2012-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2012-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2012-12-31No
Aggregate proceeds on sale of assets2012-12-31$32,769,726
Aggregate carrying amount (costs) on sale of assets2012-12-31$32,752,277
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2012-12-31Yes
Opinion of an independent qualified public accountant for this plan2012-12-31Disclaimer
Accountancy firm name2012-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2012-12-31133891517
2011 : BAKER HUGHES INCORPORATED THRIFT PLAN 2011 401k financial data
Total unrealized appreciation/depreciation of assets2011-12-31$0
Total transfer of assets to this plan2011-12-31$1,522,831
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$190,023
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2011-12-31$186,256
Total income from all sources (including contributions)2011-12-31$208,381,739
Total loss/gain on sale of assets2011-12-31$17,532
Total of all expenses incurred2011-12-31$161,557,768
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2011-12-31$159,176,572
Expenses. Certain deemed distributions of participant loans2011-12-31$364,017
Total contributions o plan (from employers,participants, others, non cash contrinutions)2011-12-31$227,476,336
Value of total assets at end of year2011-12-31$2,229,859,075
Value of total assets at beginning of year2011-12-31$2,181,508,506
Total of administrative expenses incurred including professional, contract, advisory and management fees2011-12-31$2,017,179
Total interest from all sources2011-12-31$2,450,368
Total dividends received (eg from common stock, registered investment company shares)2011-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2011-12-31No
Administrative expenses professional fees incurred2011-12-31$232,891
Was this plan covered by a fidelity bond2011-12-31Yes
Value of fidelity bond cover2011-12-31$10,000,000
If this is an individual account plan, was there a blackout period2011-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2011-12-31$0
Were there any nonexempt tranactions with any party-in-interest2011-12-31No
Contributions received from participants2011-12-31$109,145,294
Participant contributions at end of year2011-12-31$56,453,456
Participant contributions at beginning of year2011-12-31$53,088,083
Income. Received or receivable in cash from other sources (including rollovers)2011-12-31$6,089,432
Value of other receiveables (less allowance for doubtful accounts) at end of year2011-12-31$15
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2011-12-31$397
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2011-12-31$190,023
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2011-12-31$186,256
Administrative expenses (other) incurred2011-12-31$1,784,288
Total non interest bearing cash at end of year2011-12-31$0
Total non interest bearing cash at beginning of year2011-12-31$725
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Value of net income/loss2011-12-31$46,823,971
Value of net assets at end of year (total assets less liabilities)2011-12-31$2,229,669,052
Value of net assets at beginning of year (total assets less liabilities)2011-12-31$2,181,322,250
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2011-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2011-12-31No
Were any leases to which the plan was party in default or uncollectible2011-12-31No
Interest on participant loans2011-12-31$2,450,368
Value of interest in master investment trust accounts at end of year2011-12-31$2,171,225,752
Value of interest in master investment trust accounts at beginning of year2011-12-31$2,125,337,528
Value of interest in common/collective trusts at end of year2011-12-31$2,179,852
Value of interest in common/collective trusts at beginning of year2011-12-31$3,081,773
Net investment gain or loss from common/collective trusts2011-12-31$5,946
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2011-12-31No
Was there a failure to transmit to the plan any participant contributions2011-12-31No
Has the plan failed to provide any benefit when due under the plan2011-12-31No
Contributions received in cash from employer2011-12-31$112,241,610
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2011-12-31$159,176,572
Did the plan have assets held for investment2011-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2011-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2011-12-31No
Aggregate proceeds on sale of assets2011-12-31$30,451,449
Aggregate carrying amount (costs) on sale of assets2011-12-31$30,433,917
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2011-12-31Yes
Opinion of an independent qualified public accountant for this plan2011-12-31Disclaimer
Accountancy firm name2011-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2011-12-31133891517
2010 : BAKER HUGHES INCORPORATED THRIFT PLAN 2010 401k financial data
Total unrealized appreciation/depreciation of assets2010-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$186,256
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2010-12-31$184,300
Total income from all sources (including contributions)2010-12-31$407,106,351
Total loss/gain on sale of assets2010-12-31$5,385
Total of all expenses incurred2010-12-31$143,832,325
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2010-12-31$141,651,143
Total contributions o plan (from employers,participants, others, non cash contrinutions)2010-12-31$202,053,977
Value of total assets at end of year2010-12-31$2,181,508,506
Value of total assets at beginning of year2010-12-31$1,918,232,524
Total of administrative expenses incurred including professional, contract, advisory and management fees2010-12-31$2,181,182
Total interest from all sources2010-12-31$2,733,746
Total dividends received (eg from common stock, registered investment company shares)2010-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2010-12-31No
Administrative expenses professional fees incurred2010-12-31$129,834
Was this plan covered by a fidelity bond2010-12-31Yes
Value of fidelity bond cover2010-12-31$10,000,000
If this is an individual account plan, was there a blackout period2010-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2010-12-31$0
Were there any nonexempt tranactions with any party-in-interest2010-12-31No
Contributions received from participants2010-12-31$96,564,510
Participant contributions at end of year2010-12-31$53,088,083
Participant contributions at beginning of year2010-12-31$50,987,952
Income. Received or receivable in cash from other sources (including rollovers)2010-12-31$5,903,093
Value of other receiveables (less allowance for doubtful accounts) at end of year2010-12-31$397
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2010-12-31$299
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2010-12-31$186,256
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2010-12-31$184,300
Administrative expenses (other) incurred2010-12-31$2,051,348
Total non interest bearing cash at end of year2010-12-31$725
Total non interest bearing cash at beginning of year2010-12-31$0
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Value of net income/loss2010-12-31$263,274,026
Value of net assets at end of year (total assets less liabilities)2010-12-31$2,181,322,250
Value of net assets at beginning of year (total assets less liabilities)2010-12-31$1,918,048,224
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2010-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2010-12-31No
Were any leases to which the plan was party in default or uncollectible2010-12-31No
Interest on participant loans2010-12-31$2,733,701
Value of interest in master investment trust accounts at end of year2010-12-31$2,125,337,528
Value of interest in master investment trust accounts at beginning of year2010-12-31$1,865,572,363
Value of interest in common/collective trusts at end of year2010-12-31$3,081,773
Value of interest in common/collective trusts at beginning of year2010-12-31$1,671,910
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2010-12-31$45
Net investment gain or loss from common/collective trusts2010-12-31$3,248
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2010-12-31No
Was there a failure to transmit to the plan any participant contributions2010-12-31No
Has the plan failed to provide any benefit when due under the plan2010-12-31No
Contributions received in cash from employer2010-12-31$99,586,374
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2010-12-31$141,651,143
Did the plan have assets held for investment2010-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2010-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2010-12-31No
Aggregate proceeds on sale of assets2010-12-31$28,765,759
Aggregate carrying amount (costs) on sale of assets2010-12-31$28,760,374
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2010-12-31Yes
Opinion of an independent qualified public accountant for this plan2010-12-31Disclaimer
Accountancy firm name2010-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2010-12-31133891517
2009 : BAKER HUGHES INCORPORATED THRIFT PLAN 2009 401k financial data
Total unrealized appreciation/depreciation of assets2009-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-12-31$184,300
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2009-12-31$0
Total income from all sources (including contributions)2009-12-31$499,202,236
Total loss/gain on sale of assets2009-12-31$259,482
Total of all expenses incurred2009-12-31$158,484,076
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2009-12-31$156,165,346
Total contributions o plan (from employers,participants, others, non cash contrinutions)2009-12-31$191,196,676
Value of total assets at end of year2009-12-31$1,918,232,524
Value of total assets at beginning of year2009-12-31$1,577,330,064
Total of administrative expenses incurred including professional, contract, advisory and management fees2009-12-31$2,318,730
Total interest from all sources2009-12-31$3,139,383
Total dividends received (eg from common stock, registered investment company shares)2009-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2009-12-31No
Administrative expenses professional fees incurred2009-12-31$119,020
Was this plan covered by a fidelity bond2009-12-31Yes
Value of fidelity bond cover2009-12-31$20,000,000
If this is an individual account plan, was there a blackout period2009-12-31No
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2009-12-31$0
Were there any nonexempt tranactions with any party-in-interest2009-12-31No
Contributions received from participants2009-12-31$96,771,278
Participant contributions at end of year2009-12-31$50,987,952
Participant contributions at beginning of year2009-12-31$49,368,569
Value of other receiveables (less allowance for doubtful accounts) at end of year2009-12-31$299
Value of other receiveables (less allowance for doubtful accounts) at beginning of year2009-12-31$0
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at end of year2009-12-31$184,300
Other liabilities (not benefit claims, operating payabales oe acquisition indebtedness) at beginning of year2009-12-31$0
Administrative expenses (other) incurred2009-12-31$2,199,710
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2009-12-31No
Value of net income/loss2009-12-31$340,718,160
Value of net assets at end of year (total assets less liabilities)2009-12-31$1,918,048,224
Value of net assets at beginning of year (total assets less liabilities)2009-12-31$1,577,330,064
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2009-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2009-12-31No
Were any leases to which the plan was party in default or uncollectible2009-12-31No
Interest on participant loans2009-12-31$3,139,383
Value of interest in master investment trust accounts at end of year2009-12-31$1,865,572,363
Value of interest in master investment trust accounts at beginning of year2009-12-31$1,527,961,495
Value of interest in common/collective trusts at end of year2009-12-31$1,671,910
Value of interest in common/collective trusts at beginning of year2009-12-31$0
Net investment gain or loss from common/collective trusts2009-12-31$10,471
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2009-12-31No
Was there a failure to transmit to the plan any participant contributions2009-12-31No
Has the plan failed to provide any benefit when due under the plan2009-12-31No
Contributions received in cash from employer2009-12-31$94,425,398
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2009-12-31$156,165,346
Did the plan have assets held for investment2009-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2009-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2009-12-31No
Aggregate proceeds on sale of assets2009-12-31$30,893,255
Aggregate carrying amount (costs) on sale of assets2009-12-31$30,633,773
Accountant perfomed limited scope audit pursuant to 29 CFR 2520.103-8 and/or 103-12(d)2009-12-31Yes
Opinion of an independent qualified public accountant for this plan2009-12-31Disclaimer
Accountancy firm name2009-12-31DELOITTE & TOUCHE LLP
Accountancy firm EIN2009-12-31133891517

Form 5500 Responses for BAKER HUGHES INCORPORATED THRIFT PLAN

2023: BAKER HUGHES INCORPORATED THRIFT PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Plan is a collectively bargained planYes
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: BAKER HUGHES INCORPORATED THRIFT PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Plan is a collectively bargained planYes
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: BAKER HUGHES INCORPORATED THRIFT PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Plan is a collectively bargained planYes
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: BAKER HUGHES INCORPORATED THRIFT PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01Plan is a collectively bargained planYes
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes
2019: BAKER HUGHES INCORPORATED THRIFT PLAN 2019 form 5500 responses
2019-01-01Type of plan entitySingle employer plan
2019-01-01Plan is a collectively bargained planYes
2019-01-01Plan funding arrangement – TrustYes
2019-01-01Plan benefit arrangement - TrustYes
2018: BAKER HUGHES INCORPORATED THRIFT PLAN 2018 form 5500 responses
2018-01-01Type of plan entitySingle employer plan
2018-01-01Plan is a collectively bargained planYes
2018-01-01Plan funding arrangement – TrustYes
2018-01-01Plan benefit arrangement - TrustYes
2017: BAKER HUGHES INCORPORATED THRIFT PLAN 2017 form 5500 responses
2017-01-01Type of plan entitySingle employer plan
2017-01-01Plan is a collectively bargained planYes
2017-01-01Plan funding arrangement – TrustYes
2017-01-01Plan benefit arrangement - TrustYes
2016: BAKER HUGHES INCORPORATED THRIFT PLAN 2016 form 5500 responses
2016-01-01Type of plan entitySingle employer plan
2016-01-01Submission has been amendedNo
2016-01-01This submission is the final filingNo
2016-01-01This return/report is a short plan year return/report (less than 12 months)No
2016-01-01Plan is a collectively bargained planYes
2016-01-01Plan funding arrangement – TrustYes
2016-01-01Plan benefit arrangement - TrustYes
2015: BAKER HUGHES INCORPORATED THRIFT PLAN 2015 form 5500 responses
2015-01-01Type of plan entitySingle employer plan
2015-01-01Submission has been amendedNo
2015-01-01This submission is the final filingNo
2015-01-01This return/report is a short plan year return/report (less than 12 months)No
2015-01-01Plan is a collectively bargained planYes
2015-01-01Plan funding arrangement – TrustYes
2015-01-01Plan benefit arrangement - TrustYes
2014: BAKER HUGHES INCORPORATED THRIFT PLAN 2014 form 5500 responses
2014-01-01Type of plan entitySingle employer plan
2014-01-01Submission has been amendedNo
2014-01-01This submission is the final filingNo
2014-01-01This return/report is a short plan year return/report (less than 12 months)No
2014-01-01Plan is a collectively bargained planYes
2014-01-01Plan funding arrangement – TrustYes
2014-01-01Plan benefit arrangement - TrustYes
2013: BAKER HUGHES INCORPORATED THRIFT PLAN 2013 form 5500 responses
2013-01-01Type of plan entitySingle employer plan
2013-01-01Submission has been amendedNo
2013-01-01This submission is the final filingNo
2013-01-01This return/report is a short plan year return/report (less than 12 months)No
2013-01-01Plan is a collectively bargained planYes
2013-01-01Plan funding arrangement – TrustYes
2013-01-01Plan benefit arrangement - TrustYes
2012: BAKER HUGHES INCORPORATED THRIFT PLAN 2012 form 5500 responses
2012-01-01Type of plan entitySingle employer plan
2012-01-01Submission has been amendedYes
2012-01-01This submission is the final filingNo
2012-01-01This return/report is a short plan year return/report (less than 12 months)No
2012-01-01Plan is a collectively bargained planYes
2012-01-01Plan funding arrangement – TrustYes
2012-01-01Plan benefit arrangement - TrustYes
2011: BAKER HUGHES INCORPORATED THRIFT PLAN 2011 form 5500 responses
2011-01-01Type of plan entitySingle employer plan
2011-01-01Submission has been amendedYes
2011-01-01This submission is the final filingNo
2011-01-01This return/report is a short plan year return/report (less than 12 months)No
2011-01-01Plan is a collectively bargained planYes
2011-01-01Plan funding arrangement – TrustYes
2011-01-01Plan benefit arrangement - TrustYes
2010: BAKER HUGHES INCORPORATED THRIFT PLAN 2010 form 5500 responses
2010-01-01Type of plan entitySingle employer plan
2010-01-01Submission has been amendedYes
2010-01-01This submission is the final filingNo
2010-01-01This return/report is a short plan year return/report (less than 12 months)No
2010-01-01Plan is a collectively bargained planYes
2010-01-01Plan funding arrangement – TrustYes
2010-01-01Plan benefit arrangement - TrustYes
2009: BAKER HUGHES INCORPORATED THRIFT PLAN 2009 form 5500 responses
2009-01-01Type of plan entitySingle employer plan
2009-01-01Submission has been amendedYes
2009-01-01This submission is the final filingNo
2009-01-01This return/report is a short plan year return/report (less than 12 months)No
2009-01-01Plan is a collectively bargained planYes
2009-01-01Plan funding arrangement – TrustYes
2009-01-01Plan benefit arrangement - TrustYes

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