401(k) · DOL Form 5500 · 2023

Packaging Corporation of America 401(k) Plan

Data updated 2026-08-25

$1.1B
Total assets Very large vs avg
10,789
Participants Very large workforce
99th
Percentile by assets National rank
$106,162
Avg per participant Below avg balance/head
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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.

  • #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.

#18,318
in Manufacturing (18,722 peers)
+17.4%
assets growth YoY
11×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$1,145,386,459 Top 1% higher than 99% of 127,068 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 2023

Packaging Corporation of America Thrift Plan for Hourly Employees's mega-plan peer group by participant headcount

Plan-year 2023 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 (10,789 participants), the rightmost band on the breakdown.

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.

See the national 2022→2023 release diff →

Published 5500 schedule card

Filing strip 364277050 · Packaging Corporation of America PY 2023 · 401(k)

Packaging Corporation of America Thrift Plan for Hourly Employees · $1.1B · 10,789 · 99th

  • ASSETS $1.1B
  • ASSETS 10,789
  • ASSETS 99th
  • ASSETS 401(k)
  • ASSETS near Bath & Body Works, Inc. 401(k) Savings and Retirement Plan
  • ASSETS ind #18318

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

Packaging Corporation of America Thrift Plan for Hourly EmployeesPackaging Corporation of Ame…$1.1BBath & Body Works, Inc. 401(k) Savings and Retirement PlanBath & Body Works, Inc. 401(…$1.1BMarvell Semiconductor 401(k) Retirement PlanMarvell Semiconductor 401(k)…$1.1BGpi Savings Plan$1.1BFood Lion 401(k) Plan$1.1B
End-of-year total assets ($B) among Packaging Corporation of America Thrift Plan for Hourly Employees and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$976M
Net Assets (End of Year)$1.1B
Net Income$169M
Employer EIN364277050
Plan Effective Date2000-02-01
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 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 Scatter plot of 6 data points. -50000050000100000150000200000250000 05101520 Total assets ($B) Participants Packaging Corporation of America Thrift Plan for Hourly Employees, Total assets ($B): 1.145386459 · Participants: 10789Packaging Corporation of America Thrift Plan for Hourly EmployeesAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Packaging Corporation of America Thrift Plan for Hourly Employees vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Packaging Corporation of America Thrift Plan for Hourly Employees side-by-side with 3 peers →

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 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 Bath & Body Works, Inc. 401(k) Savings and Retirement Plan in OH ($1.1B); by covered participants it is Walmart Puerto Rico 401(k) Plan in AR (10,789 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($1.1B here).

Similar participant headcount

Nearest other-state filings by covered participants (10,789 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Packaging Corporation of America Thrift Plan for Hourly Employees assets move in 2023? ▼
Packaging Corporation of America Thrift Plan for Hourly Employees grew sharply - up 17.4% during 2023, from $976M to $1.1B. Reported net income was $169M.
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 Thrift Plan for Hourly Employees rank by assets among Form 5500 filers? ▼
Packaging Corporation of America Thrift Plan for Hourly Employees ranks in the 99th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (among the largest 1% of all filed plans).
Which 401(k) plans are similar in size to Packaging Corporation of America Thrift Plan for Hourly Employees? ▼
Among 401(k) plans in other states, the closest by assets is Bath & Body Works, Inc. 401(k) Savings and Retirement Plan in OH ($1.1B, 19,674 participants).
Which 401(k) plans cover a similar participant headcount to Packaging Corporation of America Thrift Plan for Hourly Employees? ▼
Among 401(k) plans in other states, the closest by covered participants is Walmart Puerto Rico 401(k) Plan in AR (10,789 participants, $139M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.