The Baker Hughes Supplemental Retirement Plan (SRP) rewards you for the key leadership role you play in our organization and allows you to save more for retirement than you’d be able to otherwise. Because it’s a non-qualified retirement plan under the Internal Revenue Code, the SRP enables you to set aside additional compensation and bonus earnings on a before-tax basis — beyond what’s possible in the Baker Hughes 401(k) Plan. In addition, Baker Hughes provides base and basic contributions on compensation not eligible to receive company contributions in the Baker Hughes 401(k) Plan. This includes the income that you defer in the SRP and compensation above the IRS compensation limit.