401(k) · DOL Form 5500 · 2024
Packaging Corporation of America 401(k) Plan
Data updated 2026-08-25
- $1.3B
- Total assets Very large vs avg
- 10,538
- Participants Very large workforce
- 99th
- Percentile by assets National rank
- $123,687
- Avg per participant Near avg balance/head
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.
- #17,404 in Manufacturing (17,777 peers)
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 ~779 per filing). Assets: $1.3B.
- #17,404
- in Manufacturing (17,777 peers)
- +13.8%
- assets growth YoY
- 13×
- 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 2024 · DOL Form 5500
$1,303,416,694 Top 1% higher than 99% of 123,620 filed plans
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
Packaging Corporation of America Thrift Plan for Hourly Employees's mega-plan peer group by participant headcount
Plan-year 2024 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 (10,538 participants), the rightmost band on the breakdown.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- 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.
DOL schedule card
Filing strip 364277050 · Packaging Corporation of America PY 2024 · 401(k)
Packaging Corporation of America Thrift Plan for Hourly Employees · $1.3B · 10,538 · 99th
- 5500 $1.3B
- 5500 10,538
- 5500 99th
- 5500 401(k)
- 5500 near The Hanover Insurance Group Retirement Savings Plan
- 5500 ind #17404
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
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)
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
| 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.
- 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
Scale composition for Packaging Corporation of America Thrift Plan for Hourly Employees
Packaging Corporation of America Thrift Plan for Hourly Employees reports $1.3B in end-of-year assets across 10,538 participants (0.011% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.011% of 93,925,755 covered participants) - about $123,687 per participant (89% of the national average assets-per-participant) . Net income for plan year 2024 was $159M.
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 | Open filing |
| 2024 · index core | 10,538 | $1.3B | This page |
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)
- 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)
- Packaging Corporation of America Pension Plan for Eligible Grandfathered Salaried Employees (Defined Benefit (Pension), $285M, 336 participants)
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 The Hanover Insurance Group Retirement Savings Plan in MA ($1.3B); by covered participants it is Saint Francis Health System, Inc. 401(k) Savings P in OK (10,537 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($1.3B here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (10,538 participants); asset peers above are excluded.
- Saint Francis Health System, Inc. 401(k) Savings P (OK) 10,537 · 1 off
- Hei Hotels and Resorts 401(k) Plan (CT) 10,540 · 2 off
- Eastman Investment & Employee Stock Ownership Plan (TN) 10,535 · 3 off
- Srs Distribution Inc. 401(k) Plan (TX) 10,546 · 8 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.