Defined Benefit (Pension) · DOL Form 5500 · 2023

Packaging Corporation of America Pension Plan

Data updated 2026-08-25

$292M
Total assets Near avg plan size
377
Participants Below avg headcount
96th
Percentile by assets National rank
$775,123
Avg per participant High balance/head
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Official DOL plan name: Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees · Sponsored by Packaging Corporation of America · Illinois · Manufacturing

$292M in assets, 377 participants

Packaging Corporation of America's Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees reported $292M in total assets and 377 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,547 in Manufacturing (18,722 peers)

Coverage in Illinois

Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees covers 377 participants in Illinois, about 48% of the average Illinois filer (state average ~779 per filing). Assets: $292M.

#17,547
in Manufacturing (18,722 peers)
+18.8%
assets growth YoY
2.9×
vs typical plan assets (national mean)

Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees's outsized position by total assets

Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$292,221,288 Top 4% higher than 96% 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 Pension Plan for Eligible Grandfathered Salaried Employees among mid-size filed plans by headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees sits mid-pack in the medium band (377 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees reported net income rose from -$66M in the plan year 2022 filing to $46M in the plan year 2023 filing.
  • Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees end-of-year assets rose from $246M in the plan year 2022 filing to $292M in the plan year 2023 filing.
  • Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees reported participants fell from 433 in the plan year 2022 filing to 377 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 364277050 · Packaging Corporation of America PY 2023 · Defined Benefit (Pension)

Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees · $292M · 377 · 96th

  • IND $292M
  • EOY 377
  • 5500 96th
  • ASSETS Defined Benefit (Pension)
  • PCT near Valley Health System Merged Defined Benefit Plan
  • EIN ind #17547

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 Pension Plan for Eligible Grandfathered Salaried Employees in the asset neighbourhood

District Council 82 Painting Industry Pension PlanDistrict Council 82 Painting…$293MValley Health System Merged Defined Benefit PlanValley Health System Merged …$292MPackaging Corporation of America Pension Plan for Eligible Grandfathered Salaried EmployeesPackaging Corporation of Ame…$292MConnecticut Plumbers & Pipefitters Pension PlanConnecticut Plumbers & Pipef…$292MLogan Aluminum Pension Plan$292M
End-of-year total assets ($M) among Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees and nearest nationwide Defined Benefit (Pension) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$246M
Net Assets (End of Year)$292M
Net Income$46M
Employer EIN364277050
Plan Effective Date2004-05-01
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 Pension Plan for Eligible Grandfathered Salaried Employees vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -200204060 Total assets ($B) Participants Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees, Total assets ($B): 0.292221288 · Participants: 377Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried EmployeesCentral States, Southeast & Southwest Areas Pension Plan, Total assets ($B): 49.680270595 · Participants: 48538Central States, Southeast & Southwest Areas Pension PlanState Farm Insurance Companies Retirement Plan for United States Employees, Total assets ($B): 35.242945747 · Participants: 45001State Farm Insurance Companies Retirement Plan for United States EmployeesUnited Food & Commercial Workers Intl Union - Industry Pension Fund, Total assets ($B): 7.965094339 · Participants: 20680United Food & Commercial Workers Intl Union - Industry Pension FundJohn Deere Pension Plan for Salaried Employees, Total assets ($B): 7.960744597 · Participants: 16346John Deere Pension Plan for Salaried EmployeesAbbott Laboratories Annuity Retirement Plan, Total assets ($B): 7.819798504 · Participants: 17382Abbott Laboratories Annuity Retirement Plan
Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees vs. nearby Defined Benefit (Pension) plans in Illinois, assets vs. participants

Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees's out-of-state Defined Benefit (Pension) peers by assets and headcount

Outside Illinois, the nearest Defined Benefit (Pension) by assets is Valley Health System Merged Defined Benefit Plan in VA ($292M); by covered participants it is Dairy Industry - Union Pension Plan for Philadelphia and Vicinity in NJ (377 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($292M here).

Similar participant headcount

Nearest other-state filings by covered participants (377 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 Pension Plan for Eligible Grandfathered Salaried Employees assets move in 2023?
Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees grew sharply - up 18.8% during 2023, from $246M to $292M. Reported net income was $46M.
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 Pension Plan for Eligible Grandfathered Salaried Employees rank by assets among Form 5500 filers?
Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees ranks in the 96th 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 Pension Plan for Eligible Grandfathered Salaried Employees?
Among Defined Benefit (Pension) plans in other states, the closest by assets is Valley Health System Merged Defined Benefit Plan in VA ($292M, 1,512 participants).
Which Defined Benefit (Pension) plans cover a similar participant headcount to Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees?
Among Defined Benefit (Pension) plans in other states, the closest by covered participants is Dairy Industry - Union Pension Plan for Philadelphia and Vicinity in NJ (377 participants, $131M in assets).