Baker Hughes Holdings, LLC

Houston, TX Mining & energyNAICS 213110

Self-funded health planPlan year 2025Renews January
1,663Participants-2% vs. prior year
$3.9MEst. pharmacy spend / yrParticipants × national avg.
Jan 2027Next renewalPlan year begins January 1
#15 of 43Mining & energy in TXBy participants

Overview

Baker Hughes Holdings, LLC sponsors a self-funded health plan that covered 1,663 participants in plan year 2025, down 3% from the prior year. The plan year starts in January. Alongside medical, its benefits filing reports life insurance, dental, vision, short-term disability, and more.

Plan type
ERISA welfare benefit plan, self-funded (benefits paid from employer assets or a trust)
Participants
1,663 · prior year 1,706
Plan year
Begins January 1 · next renewal January 2027
Health plans filed
Baker Hughes Holdings, LLC Retiree Welfare Benefits Plan, plan 513 (1,663 participants)
Broker compensation
$457K across insured contracts
MedicalLife insuranceDentalVisionShort-term disabilityPrepaid legalLong-term disabilitySeveranceDeath benefitsOther welfare benefits

Insurance carriers

Insured coverage reported on Schedule A. Self-funded medical claims aren't reported there.

CarrierCoverageCoveredPremiumBroker comp
Prudential Insurance Company of AmericaLife, Short-term disability, Long-term disability, Paid Leave11,789$14.5M$259K
Cigna Health and Life Insurance CompanyMBA Coverage, Medical, Dental1,055$4.1M—
UnitedHealthcare Insurance CompanyCritical Illness and Accident, Medical7,722$1.9M$186K
Vision Service PlanVision8,677$1.6M—
Federal Insurance CompanyAccidental Death & Dismemberment Insuran10,037$848K—
Legal Ease Services Group, LLCLegal2,711$386K$12K
United Behavioral Health DBA OptumEmployee Assistance Program10,190$128K—

Pharmacy benefit estimate

StreamRX estimate for a plan this size. Not based on this plan's claims.

$3.9M/ year

Estimated prescription spend: 1,663 participants × $2,371 national average per member. Usually higher once dependents are counted.

$103K–$253K/ year

Typical savings opportunity found in independent reviews of plans this size.

Brands with a generic available$30K–$75K
Lower-cost therapeutic alternatives$44K–$91K
Generic pricing vs. actual cost$19K–$57K
PBM contract terms$10K–$30K
The DOL's PBM fee disclosure rule first applies to this plan for the plan year beginning January 2028: semiannual PBM compensation reports and an annual audit right.

Form 5500 filing details

Filing
Form 5500 with Schedule A, plan year 2025
Plan sponsor
Baker Hughes Holdings, LLC
Sponsor EIN
76-0207995
Plan number
513
Filed with
U.S. Department of Labor (EBSA) via EFAST2

Verify this filing: search EIN 76-0207995 in the Department of Labor's EFAST2 Form 5500 search.

Retirement plan

Plan
Baker Hughes Company 401(k) Plan
Type
401(k) plan
Participants
21,995

About this data

Source: Baker Hughes Holdings, LLC's Form 5500 filing for plan year 2025 and its Schedule A insurance reports, published by the U.S. Department of Labor. "Self-funded" means the filing reports benefits paid from employer assets or a trust, with no medical insurance contract or with a stop-loss contract. Pharmacy figures are StreamRX estimates based on national averages. StreamRX is not affiliated with Baker Hughes Holdings, LLC.

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