Defined Benefit (Pension) · DOL Form 5500 · 2023

Packaging Corporation of America Pension Plan

Data updated 2026-08-11

$371M
Total assets: 3,426
Participants: 97th
Percentile by assets: $108,213
Avg per participant

Official DOL plan name: Packaging Corporation of America Hourly Pension Plan · Sponsored by Packaging Corporation of America · Illinois · Manufacturing

$371M in assets, 3,426 participants

Packaging Corporation of America's Packaging Corporation of America Hourly Pension Plan reported $371M in total assets and 3,426 participants in its 2023 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 127,072 plans)
#17,738 in Manufacturing (18,722 peers)

Coverage in Illinois

Packaging Corporation of America Hourly Pension Plan covers 3,426 participants in Illinois, 4.4x the typical Illinois plan (state average ~779 per filing). Assets: $371M.

$371M
total plan assets (2023 EOY): 3,426
covered participants: 97th
percentile by assets (of 127,072 plans): $108,213
avg assets per participant

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 2023 · DOL Form 5500

$370,736,334 Top 3% higher than 97% of 127,068 filed plans

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 Hourly Pension Plan reported net income rose from -$92M in the plan year 2022 filing to $21M in the plan year 2023 filing.
Packaging Corporation of America Hourly Pension Plan end-of-year assets rose from $350M in the plan year 2022 filing to $371M in the plan year 2023 filing.
Packaging Corporation of America Hourly Pension Plan reported participants rose from 3,360 in the plan year 2022 filing to 3,426 in the plan year 2023 filing.

See the national 2022→2023 release diff →

State

Illinois

Industry

Manufacturing

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 3,426 participants - 4.4x that state average ($371M EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$350M
Net Assets (End of Year)	$371M
Net Income	$21M
Employer EIN	364277050
Plan Effective Date	2003-01-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Packaging Corporation of America)

Total plan assets by year, all Packaging Corporation of America plans on file

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 $49.7B · 48,538
State Farm Insurance Companies Retirement Plan for United States Employees $35.2B · 45,001
United Food & Commercial Workers Intl Union - Industry Pension Fund $8.0B · 20,680
John Deere Pension Plan for Salaried Employees $8.0B · 16,346
Abbott Laboratories Annuity Retirement Plan $7.8B · 17,382

Compare Packaging Corporation of America Hourly … side-by-side with 3 peers →

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.

Pension Plan for Employees of Amphenol Corporation (CT) $371M · 619
Western Glaziers Retirement Plan (WA) $371M · 1,153
Sheet Metal Workers' Local 100 Washington, D.C. Area Pension Fund (OR) $370M · 1,460
Pointers, Cleaners, & Caulkers Pension Fund (NY) $370M · 1,515

Frequently Asked Questions

How did Packaging Corporation of America Hourly Pension Plan assets move in 2023? ▼

Packaging Corporation of America Hourly Pension Plan grew at a solid clip - up 6.0% during 2023, from $350M to $371M. Reported net income was $21M.

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 127,072 plans that reported assets for plan year 2023 (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 Pension Plan for Employees of Amphenol Corporation in CT ($371M, 619 participants).

Next read for Packaging Corporation of America Hourly …

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

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.