Defined Benefit (Pension) · DOL Form 5500 · 2024
Packaging Corporation of America Pension Plan
Data updated 2026-08-25
- $352M
- Total assets Above avg plan size
- 3,177
- Participants Above avg headcount
- 96th
- Percentile by assets National rank
- $110,682
- Avg per participant Below avg balance/head
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.
- #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.
- #16,733
- in Manufacturing (17,777 peers)
- -5.2%
- assets change YoY
- 3.5×
- vs typical plan assets (national mean)
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.
Packaging Corporation of America Hourly Pension Plan's outsized position by total assets
Packaging Corporation of America Hourly Pension Plan vs every filed plan by assets
End-of-year total assets · plan year 2024 · DOL Form 5500
$351,636,571 Top 4% higher than 96% 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 Hourly Pension Plan's large-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 Hourly Pension Plan lands in the large band (3,177 participants).
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.
EBSA filing schedule strip
Filing strip 364277050 · Packaging Corporation of America PY 2024 · Defined Benefit (Pension)
Packaging Corporation of America Hourly Pension Plan · $352M · 3,177 · 96th
- SCH $352M
- SCH 3,177
- SCH 96th
- SCH Defined Benefit (Pension)
- SCH near Basf Corporation Consolidated Bargaining Unit Employees' Pension Plan
- SCH ind #16733
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 Hourly Pension Plan in the asset neighbourhood
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)
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 Defined Benefit (Pension) Plans in Illinois
Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.
- 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
Packaging Corporation of America Hourly Pension Plan's out-of-state Defined Benefit (Pension) peers by assets and headcount
Outside Illinois, the nearest Defined Benefit (Pension) by assets is Basf Corporation Consolidated Bargaining Unit Employees' Pension Plan in NJ ($352M); by covered participants it is Hp Inc. Pension Plan in TX (3,176 participants). Same-state nearby plans are listed separately above.
Closest by plan assets
Nearest other-state filings by tot_assets_eoy ($352M here).
- 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
Similar participant headcount
Nearest other-state filings by covered participants (3,177 participants); asset peers above are excluded.
- Hp Inc. Pension Plan (TX) 3,176 · 1 off
- Caleres, Inc. Retirement Plan (MO) 3,154 · 23 off
- National Laboratory of the Rockies Shared Security Pension Plan (CO) 3,154 · 23 off
- Ufcw Pharmacists, Clerks, and Drug Employer's Pension Trust (CA) 3,211 · 34 off
DOL Form 5500 plan year 2024. Asset totals can differ widely at the same headcount; neither axis is a quality rating.