401(k) · DOL Form 5500 · 2022
Packaging Corporation of America 401(k) Plan
Data updated 2026-08-25
- $976M
- Total assets Above avg plan size
- 10,735
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $90,914
- Avg per participant Below avg balance/head
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.
- #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.
- #20,186
- in Manufacturing (20,602 peers)
- -16.3%
- assets change YoY
- 9.8×
- vs typical plan assets (national mean)
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.
Packaging Corporation of America Thrift Plan for Hourly Employees's outsized position by total assets
Packaging Corporation of America Thrift Plan for Hourly Employees vs every filed plan by assets
End-of-year total assets · plan year 2022 · DOL Form 5500
$975,957,713 Top 1% higher than 99% of 139,123 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Packaging Corporation of America Thrift Plan for Hourly Employees's mega-plan peer group by participant headcount
Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Packaging Corporation of America Thrift Plan for Hourly Employees is a mega filing (10,735 participants), the rightmost band on the breakdown.
Published 5500 schedule card
Filing strip 364277050 · Packaging Corporation of America PY 2022 · 401(k)
Packaging Corporation of America Thrift Plan for Hourly Employees · $976M · 10,735 · 99th
- VS-ST $976M
- VS-ST 10,735
- VS-ST 99th
- VS-ST 401(k)
- VS-ST near Woodside Energy USA Services Inc. Retirement Savin Gs Plan
- VS-ST ind #20186
Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in Illinois →
Packaging Corporation of America Thrift Plan for Hourly Employees in the asset neighbourhood
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)
Sponsor-wide plan assets over time
All Packaging Corporation of America plans reported in each filing year
- Latest sponsor-wide plan assets
- $4.0B 22.235714965809493% vs 2022
- 2024 filing year
| 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.
- 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)
Packaging Corporation of America Thrift Plan for Hourly Employees's out-of-state 401(k) peers by assets and headcount
Outside Illinois, the nearest 401(k) by assets is Woodside Energy USA Services Inc. Retirement Savin Gs Plan in TX ($976M); by covered participants it is Visa 401(k) Plan in CA (10,733 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($976M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (10,735 participants); asset peers above are excluded.
- Visa 401(k) Plan (CA) 10,733 · 2 off
- Wellpath 401(k) Plan (TN) 10,750 · 15 off
- Ukg Retirement Savings Plan (FL) 10,754 · 19 off
- Brookshire's Employee Stock Ownership and 401(k) Plan (TX) 10,709 · 26 off
DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.