Pension Fund

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Baker Hughes Retirement Plans

Baker Hughes Retirement Plans operates as the retirement vehicle for employees of Baker Hughes Company. The structure combines defined benefit and defined...

Baker Hughes Retirement Plans

Baker Hughes Retirement Plans operates as the retirement vehicle for employees of Baker Hughes Company. The structure combines defined benefit and defined contribution elements with a cash balance component. No public founding date or wealth-origin attribution beyond the corporate sponsor appears in available records. The plan deploys capital into buyout strategies and real estate. Confirmed holdings include limited partnership interests in William Harris Investors, OpenGate Capital, Cressey & Company, and Blackstone. Geographic exposure centers on the United States with additional international plan administration handled through JTC Employer Solutions. Liquidity terms differ between the 401(k) core funds, which offer daily liquidity, and alternative investments subject to standard lock-up periods. Baker Hughes Foundation, established in 1994, runs parallel philanthropic activities focused on education and social needs. Service providers include Empower Retirement as recordkeeper and Northern Trust as plan trustee. No operational events from the last 24 months are documented in the source material. The plan functions as a captive asset owner tied directly to its corporate sponsor rather than an independent family office or multi-client vehicle.

General information

Firm type

Pension Fund

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Houston

Corporate office

Principals

Dan Webber

Pension Plan Administrator

Lorenzo Simonelli

Chairman and CEO

Sector focus

Private EquityReal Estate

Frequently asked questions

Who runs investment decisions at Baker Hughes Retirement Plans?

Dan Webber serves as Pension Plan Administrator. Lorenzo Simonelli, Chairman and CEO of Baker Hughes Company, oversees corporate governance of the plan sponsor.

Does Baker Hughes Retirement Plans participate in fund commitments or only direct deals?

The plan acts as a limited partner in multiple private equity funds including those managed by OpenGate Capital and Cressey & Company.

What asset classes does Baker Hughes Retirement Plans allocate to?

Allocations include public equities such as C3.ai, private equity buyout funds, and real estate through the Baker Hughes Retirement Plan Master Trust.

How is Baker Hughes Retirement Plans related to Baker Hughes Company?

Baker Hughes Company is the plan sponsor and parent entity. The retirement plans exist to serve current and former employees of the company.

Does Baker Hughes Retirement Plans maintain philanthropic structures?

The separate Baker Hughes Foundation, founded in 1994, handles grant-making in education and social needs with no direct overlap in investment operations.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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