Defined Benefit (Pension) · DOL Form 5500 · 2022

Packaging Corporation of America Pension Plan

Data updated 2026-08-25

$350M
Total assets Above avg plan size
3,360
Participants Above avg headcount
97th
Percentile by assets National rank
$104,089
Avg per participant Below avg balance/head
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Official DOL plan name: Packaging Corporation of America Hourly Pension Plan · Sponsored by Packaging Corporation of America · Illinois · Manufacturing

$350M in assets, 3,360 participants

Packaging Corporation of America's Packaging Corporation of America Hourly Pension Plan reported $350M in total assets and 3,360 participants in its 2022 DOL Form 5500 filing, ranking in the 97th 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.

  • #19,644 in Manufacturing (20,602 peers)

Coverage in Illinois

Packaging Corporation of America Hourly Pension Plan covers 3,360 participants in Illinois, 4.3x the typical Illinois plan (state average ~779 per filing). Assets: $350M.

#19,644
in Manufacturing (20,602 peers)
-20.9%
assets change YoY
3.5×
vs typical plan assets (national mean)

The plan reported a net loss of $92M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Packaging Corporation of America Hourly Pension Plan's outsized position by total assets

Packaging Corporation of America Hourly Pension Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$349,740,384 Top 3% higher than 97% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

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 Hourly Pension Plan's large-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 Hourly Pension Plan lands in the large band (3,360 participants).

EBSA filing schedule strip

Filing strip 364277050 · Packaging Corporation of America PY 2022 · Defined Benefit (Pension)

Packaging Corporation of America Hourly Pension Plan · $350M · 3,360 · 97th

  • BOY $350M
  • BOY 3,360
  • BOY 97th
  • BOY Defined Benefit (Pension)
  • BOY near Mativ Holdings, Inc. Pension Plan
  • BOY ind #19644

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 Hourly Pension Plan in the asset neighbourhood

New York University Staff Pension Plan for Non-ContributoryNew York University Staff Pe…$351MPackaging Corporation of America Hourly Pension PlanPackaging Corporation of Ame…$350MMativ Holdings, Inc. Pension PlanMativ Holdings, Inc. Pension…$349MSturdy Memorial Hospital Inc Retirement PlanSturdy Memorial Hospital Inc…$349MSmart Local Unions and Councils Pension FundSmart Local Unions and Counc…$349M
End-of-year total assets ($M) among Packaging Corporation of America Hourly Pension Plan and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2022.

Illinois filing particulars

Total Assets (Beginning of Year)$442M
Net Assets (End of Year)$350M
Net Income-$92M
Employer EIN364277050
Plan Effective Date2003-01-01
Filing StatusFILING 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
$3B$3.5B$4B$4.5B 202220232024 $3.26B $3.99B ▲ +22.4%
Year Plans Participants Total Assets
2022 8 20,251 $3.3B
2023 5 20,299 $3.7B
2024 5 19,472 $4.0B

Nearby Defined Benefit (Pension) Plans in Illinois

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Packaging Corporation of America Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -1001020304050 Total assets ($B) Participants Packaging Corporation of America Hourly Pension Plan, Total assets ($B): 0.349740384 · Participants: 3360Packaging Corporation of America Hourly Pension PlanCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 42.629770802 · Participants: 50096Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 32.129102809 · Participants: 49052State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.958716532 · Participants: 20170United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.304502684 · Participants: 0John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 6.770339506 · Participants: 16809Abbott Laboratories Annuity Retirement Plan
Packaging Corporation of America Hourly Pension Plan vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants
Compare Packaging Corporation of America Hourly Pension Plan side-by-side with 3 peers →

Packaging Corporation of America Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Mativ Holdings, Inc. Pension Plan in GA ($349M); by covered participants it is Nestle Hourly Retirement Plan in OH (3,348 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (3,360 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Packaging Corporation of America Hourly Pension Plan assets move in 2022? ▼
Packaging Corporation of America Hourly Pension Plan declined sharply - down 20.9% during 2022, from $442M to $350M. Reported net income was -$92M.
How have Packaging Corporation of America plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Packaging Corporation of America's sponsor-wide assets grew 22.2%, from $3.3B to $4.0B.
Where does Packaging Corporation of America Hourly Pension Plan rank by assets among Form 5500 filers? ▼
Packaging Corporation of America Hourly Pension Plan ranks in the 97th percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top 5% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Packaging Corporation of America Hourly Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Mativ Holdings, Inc. Pension Plan in GA ($349M, 62 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Packaging Corporation of America Hourly Pension Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Nestle Hourly Retirement Plan in OH (3,348 participants, $263M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 364277050.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.