401(k) · DOL Form 5500 · 2023
Packaging Corporation of America 401(k) Plan
Data updated 2026-08-11
- $1.1B
- Total assets
- 10,789
- Participants
- 99th
- Percentile by assets
- $106,162
- Avg per participant
Official DOL plan name: Packaging Corporation of America Thrift Plan for Hourly Employees · Sponsored by Packaging Corporation of America · Illinois · Manufacturing
$1.1B in assets, 10,789 participants
Packaging Corporation of America's Packaging Corporation of America Thrift Plan for Hourly Employees reported $1.1B in total assets and 10,789 participants in its 2023 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 127,072 plans)
- #18,318 in Manufacturing (18,722 peers)
Coverage in Illinois
Packaging Corporation of America Thrift Plan for Hourly Employees covers 10,789 participants in Illinois, 14x the typical Illinois plan (state average ~779 per filing). Assets: $1.1B.
- $1.1B
- total plan assets (2023 EOY)
- 10,789
- covered participants
- 99th
- percentile by assets (of 127,072 plans)
- $106,162
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Packaging Corporation of America Thrift Plan for Hourly Employees reported net income rose from -$190M in the plan year 2022 filing to $169M in the plan year 2023 filing.
- Packaging Corporation of America Thrift Plan for Hourly Employees end-of-year assets rose from $976M in the plan year 2022 filing to $1.1B in the plan year 2023 filing.
- Packaging Corporation of America Thrift Plan for Hourly Employees reported participants rose from 10,735 in the plan year 2022 filing to 10,789 in the plan year 2023 filing.
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 10,789 participants - 14x that state average ($1.1B EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $976M |
|---|---|
| Net Assets (End of Year) | $1.1B |
| Net Income | $169M |
| 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
- Accenture United States 401(k) Match Savings Plan $17.6B · 69,974
- State Farm 401(k) Savings Plan $16.9B · 60,246
- Abbott Laboratories Stock Retirement Plan $14.5B · 38,012
- United Airlines Pilot Retirement Account Plan $14.4B · 14,959
- Walgreens Retirement Savings Plan $13.4B · 235,331
Scale composition for Packaging Corporation of America Thrift Plan for Hourly Employees
Packaging Corporation of America Thrift Plan for Hourly Employees reports $1.1B in end-of-year assets across 10,789 participants (0.009% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $106,162 per participant (77% of the national average assets-per-participant) . Net income for plan year 2023 was $169M.
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 | Open filing |
| 2023 | 10,789 | $1.1B | This page |
| 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.
- Bath & Body Works, Inc. 401(k) Savings and Retirement Plan (OH) $1.1B · 19,674
- Marvell Semiconductor 401(k) Retirement Plan (CA) $1.1B · 3,352
- Gpi Savings Plan (GA) $1.1B · 8,364
- Food Lion 401(k) Plan (NC) $1.1B · 83,522
Frequently Asked Questions
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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