The Baker Hughes International Retirement Plan ("the IRP") offers the opportunity to build financial security and retirement income for you and your family through a combination of your own and company contributions.
To access your account, visit the RBC website or call RBC at +44 (0) 1534-283-030. Please refer to the Summary Plan Description (SPD) for additional details. You can also send an email to IRP@bakerhughes.com.
You are eligible to participate in the IRP if you are:
- A full-time employee of Baker Hughes
- On an international assignment or rotation (outside your home country)
- Not enrolled or eligible to enroll in any other Baker Hughes retirement or deferred compensation plan
- Not a U.S. citizen or permanent resident of the U.S.
- Not a U.S. Green Card holder*
- Not a resident of and not be domiciled in Guernsey, and
- Not exercise functions or duties in Guernsey
*If you change Baker Hughes entities, or if your citizenship changes, you may become ineligible for the plan.
While the purpose of the IRP is to meet long-term financial and retirement goals, the IRP does offer in-service withdrawals. For details, see the Summary Plan Description (SPD), visit the RBC website or call RBC at +44 (0) 1534-283-030.
You decide how to invest your contributions and the Baker Hughes Company contributions in one or more of the IRP’s investment funds. When making these decisions, you should consider your attitude toward risk, how much time you have until you retire, and your financial objectives. Information on the investment options available to you may be found by accessing the Investment Information page in the Useful Information section of the RBC website.
It is important to note that taxes are not withheld from distributions from the plan. The money you receive from your account may be subject to tax. You are responsible for reporting and paying any tax on your IRP benefit. If you have tax questions, you are responsible for seeking advice from a qualified tax professional.
This site describes the Baker Hughes International Retirement Plan. The information presented is only a summary. The actual eligibility requirements, benefits, terms, conditions, limitations and provisions that govern the plan are contained in the official plan document. If any of the plan’s provisions have been omitted or misstated, the official plan document must remain the final authority.