Investment Options

[Pages:2]What You Need to Do

There is no action required of you. However, you should carefully read and review this mailer to determine if you need to make any decisions regarding the investment of your account balance under the Plan. This is also a good opportunity to review your investment options. The Fund Fact Sheets for the new funds will be available on myRewards beginning on July 1, 2019. However, you can review detailed information regarding the indexes tracked by the three new funds on . Links are provided in the FAQs.

Also, read the Frequently Asked Questions on , which include answers to questions about these investment changes and your 401(k) Plan overall.

New BHGE 401(k) Plan Investment Options

Building Smart Investments

New Investment Options Coming July 1

The Baker Hughes, a GE company 401(k) Plan ("the 401(k) Plan" or "the Plan") is a key component of your retirement savings. The BHGE Investment Committee, made up of BHGE senior executives, regularly evaluates the Plan fund offerings, reviews trends in the marketplace, and takes into consideration employee feedback. After careful review of the current offerings, the Investment Committee has decided to make changes to the fund lineup.

On July 1, 2019, BHGE will add three new passive funds and will remove one fund from our investment lineup. See the Investment Option Overview insert for the full fund lineup as of July 1, 2019.

New Passive Funds as of July 1, 2019 S&P 500 Index Fund International Equity Index Fund U.S. Bond Index Fund

No Longer Offered as of July 1, 2019

Passive Global Balanced Fund See the next page for information about what will happen if you are invested in this fund.

With the addition of these three passive funds, you will have more flexibility and more opportunities for investing your dollars in the 401(k) Plan. Passive funds have lower investment fees than active funds because they hold securities that match the relevant market index and do not conduct investment research to hold amounts different from the index. Passive funds try to track the performance of a certain market index while active funds try to outperform the index.

Coming in 2020

We will be making more changes to the investment lineup next year. In 2020, you will see Target Date Funds, which are investment options that allocate among investments based on your anticipated retirement date. You will receive information in late 2019 about these new investment options.

Important Dates

Time Period Now until Friday, June 28, 2019

What Will Happen

Access your account and make any changes as usual.

No action is required, but if you have existing account balances and future investments in the Passive Global Balanced Fund, and you do not make any changes by June 28 at 3:00p.m. CST, your existing account balances and future investments will automatically map to the new investment options. See What is Happening to the Passive Global Balanced Fund? below for mapping details.

Monday, July 1, 2019

New investment options become available. You can make changes to your account, as you do now, including but not limited to: changing the way your money is invested, viewing your account balance, and changing your contribution election, subject to Plan rules. To help you compare investment options under the Plan, see the Investment Option Overview insert.

You can make changes to your investment elections at any time. Any investment changes made after 3:00 p.m. CST will usually be effective on the next business day that markets are open. For example, any investment election change made after 3:00 p.m. CST on July 1 will be effective on July 2.

What is Happening with the Passive Global Balanced Fund?

Amounts in the Passive Global Balanced Fund are being mapped into the three new passive funds: the S&P 500 Index Fund, International Equity Index Fund, and U.S. Bond Index Fund. Any existing account balances and future investments you have in the Passive Global Balanced Fund as of June 28, 2019, will be mapped at the end of the day on July 1, 2019 as follows:

U.S. Bond Index Fund International Equity Index Fund S&P 500 Index Fund

40%

27%

33%

Up until June 28, 2019, you can invest in ? or move investments out of ? the Passive Global Balanced Fund.

Accessing Your Account

Through myRewards, you can enroll in the Plan, check your account balance, change contribution elections, and change the investment of existing account balances and future contributions. Go to and select myRewards. Then login with your user name and password. From the BHGE Intranet, type in go. myRewards. You can also call the BHGE Benefits Center at 1-866-244-3539 to access your account information or make changes to your account.

If You Have Questions

If you have any questions about these changes or the 401(k) Plan, read the FAQs on or contact the BHGE Benefits Center at 1-866-244-3539.

Disclaimers

Neither BHGE nor any other entity associated with the Plan can provide investment advice. Before investing each individual should carefully consider his or her investment objectives, risks, charges, expenses, and other important information associated with any employer retirement plan. No single approach is right for everyone because, among other factors, individuals have different financial goals, different time horizons for meeting those goals, and different risk tolerances.

You have the right to direct the investment of your assets. It is important for you to review the descriptions of the investment options offered within the Plan, and all other materials and resources to help you make well-informed choices. You can access this information on myRewards. You may also want to consult your tax advisor and other financial professionals before making any investment decisions.

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