401(k) · DOL Form 5500 · 2022
Packaging Corporation of America 401(k) Plan
Data updated 2026-08-11
- $976M
- Total assets
- 10,735
- Participants
- 99th
- Percentile by assets
- $90,914
- Avg per participant
Official DOL plan name: Packaging Corporation of America Thrift Plan for Hourly Employees · Sponsored by Packaging Corporation of America · Illinois · Manufacturing
$976M in assets, 10,735 participants
Packaging Corporation of America's Packaging Corporation of America Thrift Plan for Hourly Employees reported $976M in total assets and 10,735 participants in its 2022 DOL Form 5500 filing, ranking in the 99th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 99th percentile by assets (of 139,126 plans)
- #20,186 in Manufacturing (20,602 peers)
Coverage in Illinois
Packaging Corporation of America Thrift Plan for Hourly Employees covers 10,735 participants in Illinois, 14x the typical Illinois plan (state average ~779 per filing). Assets: $976M.
- $976M
- total plan assets (2022 EOY)
- 10,735
- covered participants
- 99th
- percentile by assets (of 139,126 plans)
- $90,914
- avg assets per participant
The plan reported a net loss of $190M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Packaging Corporation of America Thrift Plan for Hourly Employees reports 10,735 participants - 14x that state average ($976M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $1.2B |
|---|---|
| Net Assets (End of Year) | $975M |
| Net Income | -$190M |
| Employer EIN | 364277050 |
| Plan Effective Date | 2000-02-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Packaging Corporation of America)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 8 | 20,251 | $3.3B |
| 2023 | 5 | 20,299 | $3.7B |
| 2024 | 5 | 19,472 | $4.0B |
Nearby 401(k) Plans in Illinois
Peer 401(k) plans, same state, same plan type, ranked by total assets.
Packaging Corporation of America Thrift Plan for Hourly Employees vs. nearby 401(k) plans in Illinois, assets vs. participants
- State Farm 401(k) Savings Plan $14.7B · 53,616
- Accenture United States 401(k) Match and Savings Plan $14.3B · 66,653
- Abbott Laboratories Stock Retirement Plan $13.3B · 36,136
- United Airlines Pilot Retirement Account Plan $11.8B · 13,437
- Walgreens Retirement Savings Plan $11.7B · 238,072
Scale composition for Packaging Corporation of America Thrift Plan for Hourly Employees
Packaging Corporation of America Thrift Plan for Hourly Employees reports $976M in end-of-year assets across 10,735 participants (0.008% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $90,914 per participant (66% of the national average assets-per-participant) . Net income for plan year 2022 was -$190M.
This plan identity (EIN 364277050, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $976M to $1.3B (+33.6%) while covered participants moved from 10,735 to 10,538 . Single-year sparse filers cannot show that trail.
| Plan year | Participants | EOY assets | Filing |
|---|---|---|---|
| 2022 | 10,735 | $976M | This page |
| 2023 | 10,789 | $1.1B | Open filing |
| 2024 · index core | 10,538 | $1.3B | Open filing |
The same sponsor also keeps 4 other index-core plans on PlainRetire:
- Packaging Corporation of America Retirement Savings Plan for Salaried Employees (401(k), $1.6B, 4,384 participants)
- Packaging Corporation of America Thrift Plan for Hourly Employees (401(k), $1.3B, 10,538 participants)
- Boise Paper Holdings, L.L.C. Consolidated Pension Plan (Defined Benefit (Pension), $497M, 1,037 participants)
- Packaging Corporation of America Hourly Pension Plan (Defined Benefit (Pension), $352M, 3,177 participants)
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Packaging Corporation of America Thrift Plan for Hourly Employees by total assets, not by location.
- Woodside Energy USA Services Inc. Retirement Savin Gs Plan (TX) $976M · 1,035
- The Auto Club Group 401(k) Plan (MI) $975M · 8,909
- Troutman Pepper Defined Contribution Plan (GA) $978M · 2,265
- Kaiser Permanente Tax Sheltered Annuity Plan (CA) $978M · 5,150
Frequently Asked Questions
How did Packaging Corporation of America Thrift Plan for Hourly Employees assets move in 2022? ▼
How have Packaging Corporation of America plan assets changed over time? ▼
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Filing takeaways
Ways to act on Packaging Corporation of America Thrift Plan for Hourly Employees's numbers.
- By total assets, Packaging Corporation of America Thrift Plan for Hourly Employees ranks among the largest 1% of all filed plans. See the largest plans
- Compare it side-by-side against 3 similar 401(k) plans in Illinois. Compare plans
- Packaging Corporation of America's sponsor-wide assets have grown 22.2% since 2022 across 3 plan years on file. More Manufacturing plans