Defined Benefit (Pension) · DOL Form 5500 · 2024
Packaging Corporation of America Pension Plan
Data updated 2026-08-11
- $352M
- Total assets
- 3,177
- Participants
- 96th
- Percentile by assets
- $110,682
- Avg per participant
Official DOL plan name: Packaging Corporation of America Hourly Pension Plan · Sponsored by Packaging Corporation of America · Illinois · Manufacturing
$352M in assets, 3,177 participants
Packaging Corporation of America's Packaging Corporation of America Hourly Pension Plan reported $352M in total assets and 3,177 participants in its 2024 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.
- 96th percentile by assets (of 123,622 plans)
- #16,733 in Manufacturing (17,777 peers)
Coverage in Illinois
Packaging Corporation of America Hourly Pension Plan covers 3,177 participants in Illinois, 4.1x the typical Illinois plan (state average ~779 per filing). Assets: $352M.
- $352M
- total plan assets (2024 EOY)
- 3,177
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $110,682
- avg assets per participant
The plan reported a net loss of $19M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.
What changed between DOL Form 5500 filings
plan year 2023 → plan year 2024
- Packaging Corporation of America Hourly Pension Plan reported net income fell from $21M in the plan year 2023 filing to -$19M in the plan year 2024 filing.
- Packaging Corporation of America Hourly Pension Plan reported participants fell from 3,426 in the plan year 2023 filing to 3,177 in the plan year 2024 filing.
- Packaging Corporation of America Hourly Pension Plan end-of-year assets fell from $371M in the plan year 2023 filing to $352M in the plan year 2024 filing.
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 3,177 participants - 4.1x that state average ($352M EOY assets).
Illinois filing particulars
| Total Assets (Beginning of Year) | $371M |
|---|---|
| Net Assets (End of Year) | $352M |
| Net Income | -$19M |
| Employer EIN | 364277050 |
| Plan Effective Date | 2003-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Packaging Corporation of America)
| 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 $48.2B · 36,799
- State Farm Insurance Companies Retirement Plan for United States Employees $37.7B · 41,619
- GE Healthcare Pension Plan $13.7B · 5,554
- Abbott Laboratories Annuity Retirement Plan $8.6B · 17,875
- United Food & Commercial Workers Intl Union - Industry Pension Fund $8.2B · 20,984
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.
- Basf Corporation Consolidated Bargaining Unit Employees' Pension Plan (NJ) $352M · 449
- Olympus Corporation of the Americas Pension Plan (PA) $351M · 602
- Pension Fund for Hospital and Health Care Employees, Philadelphia and Vicinity (PA) $353M · 1,910
- Cleveland Bakers and Teamsters Pension Fund (OH) $350M · 1,990
Frequently Asked Questions
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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