401(k) · DOL Form 5500 · 2024

Packaging Corporation of America 401(k) Plan

Data updated 2026-07-24

$1.3B
Total assets: 10,538
Participants: 99th
Percentile by assets: $123,687
Avg per participant

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

$1.3B in assets, 10,538 participants

Packaging Corporation of America's Packaging Corporation of America Thrift Plan for Hourly Employees reported $1.3B in total assets and 10,538 participants in its 2024 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 116,472 plans)

Coverage in Illinois

Packaging Corporation of America Thrift Plan for Hourly Employees covers 10,538 participants in Illinois, 14x the typical Illinois plan (state average ~768 per filing). Assets: $1.3B.

$1.3B
total plan assets (2024 EOY): 10,538
covered participants: 99th
percentile by assets (of 116,472 plans): $123,687
avg assets per participant

Packaging Corporation of America Thrift Plan for Hourly Employees end-of-year assets rose from $1.1B in the plan year 2023 filing to $1.3B in the plan year 2024 filing.
Packaging Corporation of America Thrift Plan for Hourly Employees reported net income fell from $169M in the plan year 2023 filing to $159M in the plan year 2024 filing.
Packaging Corporation of America Thrift Plan for Hourly Employees reported participants fell from 10,789 in the plan year 2023 filing to 10,538 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Illinois

Industry

Manufacturing

Participants vs Illinois filers

In Illinois, the average filing covers about 768 participants across 5,440 plans. Packaging Corporation of America Thrift Plan for Hourly Employees reports 10,538 participants - 14x that state average ($1.3B EOY assets).

Illinois filing particulars

Total Assets (Beginning of Year)	$1.1B
Net Assets (End of Year)	$1.3B
Net Income	$159M
Employer EIN	364277050
Plan Effective Date	2000-02-01
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 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 and Savings Plan $21.3B · 66,965
State Farm 401(k) Savings Plan $19.0B · 63,297
United Airlines Pilot Retirement Account Plan $16.8B · 16,659
Abbott Laboratories Stock Retirement Plan $15.8B · 38,229
Walgreens Retirement Savings Plan $14.5B · 233,635

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

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.

The Hanover Insurance Group Retirement Savings Plan (MA) $1.3B · 4,650
Owens Corning Savings Plan (OH) $1.3B · 4,331
Amway Retirement Savings Plan (MI) $1.3B · 3,387
Hanford Operations and Engineering Investment Plan (WA) $1.3B · 4,272

Frequently Asked Questions

How did Packaging Corporation of America Thrift Plan for Hourly Employees assets move in 2024? ▼

Packaging Corporation of America Thrift Plan for Hourly Employees grew at a solid clip - up 13.8% during 2024, from $1.1B to $1.3B. Reported net income was $159M.

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 116,472 plans that reported assets for plan year 2024 (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 The Hanover Insurance Group Retirement Savings Plan in MA ($1.3B, 4,650 participants).

Next read for Packaging Corporation of America Thrift …

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

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.