Baxter International And Subsidiaries Pension Plan is a single-employer noncontributory defined benefit corporate pension based in Deerfield, Illinois. Established in 1960, the plan is a noncontributory, defined benefit plan covering eligible U.S. employees (outside of Puerto Rico) of Baxter International. The administrative committee administers the plan and the investment committee has authority, responsibility and control over the management of the assets of the plan. State Street Bank and Trust Company serve as the trustee of the plan.