Defined Benefit (Pension) · DOL Form 5500 · 2022
Packaging Corporation of America Pension Plan
Data updated 2026-08-11
- $350M
- Total assets
- 3,360
- Participants
- 97th
- Percentile by assets
- $104,089
- Avg per participant
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.
- 97th percentile by assets (of 139,126 plans)
- #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.
- $350M
- total plan assets (2022 EOY)
- 3,360
- covered participants
- 97th
- percentile by assets (of 139,126 plans)
- $104,089
- avg assets per participant
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.
Where Packaging Corporation of America Hourly Pension Plan sits 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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022
Participants vs Illinois filers
In Illinois, the average filing covers about 779 participants across 5,745 plans. Packaging Corporation of America Hourly Pension Plan reports 3,360 participants - 4.3x that state average ($350M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $442M |
|---|---|
| Net Assets (End of Year) | $350M |
| Net Income | -$92M |
| Employer EIN | 364277050 |
| Plan Effective Date | 2003-01-01 |
| 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 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
- Central States, Southeast & Southwest Areas Pension Plan $42.6B · 50,096
- State Farm Insurance Companies Retirement Plan for United States Employees $32.1B · 49,052
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,170
- John Deere Pension Plan for Salaried Employees $7.3B · N/A
- Abbott Laboratories Annuity Retirement Plan $6.8B · 16,809
Similar-Sized Defined Benefit (Pension) Plans Nationally
Defined Benefit (Pension) plans in other states closest to Packaging Corporation of America Hourly Pension Plan by total assets, not by location.
- Mativ Holdings, Inc. Pension Plan (GA) $349M · 62
- Sturdy Memorial Hospital Inc Retirement Plan (MA) $349M · 1,376
- Smart Local Unions and Councils Pension Fund (VA) $349M · 928
- New York University Staff Pension Plan for Non-Contributory (NY) $351M · 2,011
Frequently Asked Questions
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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 Hourly Pension Plan's numbers.
- By total assets, Packaging Corporation of America Hourly Pension Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Defined Benefit (Pension) 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