Retirement plan

PACKAGING CORPORATION OF AMERICA THRIFT PLAN FOR HOURLY EMPLOYEES

Name: PACKAGING CORPORATION OF AMERICA - PACKAGING CORPORATION OF AMERICA THRIFT PLAN FOR HOURLY EMPLOYEES (2024) Form 5500
Creator: PACKAGING CORPORATION OF AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PACKAGING CORPORATION OF AMERICA THRIFT PLAN FOR HOURLY EMPLOYEES, PACKAGING CORPORATION OF AMERICA

PACKAGING CORPORATION OF AMERICAEIN 36-4277050Plan #001PY 2024

1 NORTH FIELD COURT - LAKE FOREST, IL 60045847-482-3000packagingcorp.comLinkedIn10001+ employeespackaging and containers

Other plans on this EIN

4 filings

#002Retirement-$1.55B assets #011Retirement-$497.0M assets #003Retirement-$351.6M assets #004Retirement-$284.8M assets

Prospect flagsLow assets / participantLow participant contributionCorrective distributions

Top hat statement on fileNQDC

Filed August 28, 2003

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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How to read this page

Total assets (EOY)

$1303.4M

-13.0% from 2016

Total participants

15,028

-4.6% from 2016

Average account balance

$87,466

-4.2% from 2016

Annual return

15.11%

-9.95 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants>=10,000

Cohort52 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$1.30B

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$87K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

14,902

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

98.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$115.20M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.11%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$111

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 7 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC8 years Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 11 · EIN 82-1061233	Actuarial	$780,408
PACKAGING CORPORATION OF AMERICA2 years Service code 14 · EIN 22-3696884	Plan Administrator	$740,646
STATE STREET GLOBAL ADVISORS4 years Filed as: STATE STREET BANK & TRUST CO. Service code 28 · EIN 04-1867445	Investment Management	$104,885
NORTHERN TRUST COMPANY5 years Service code 20 · EIN 36-1561860	Direct payment from the plan; Trustee...	$22,620
THE BANK OF NEW YORK MELLON2 years Filed as: PERSHING Service code 71	Brokerage Fees	$16,912
NORTHERN TRUST COMPANY3 years Filed as: NORTHERN TRUST INVESTMENTS INC Service code 28 · EIN 36-3608252	Investment Management	$10,127
THE BANK OF NEW YORK MELLON8 years Filed as: PERSHING LLC Service code 59 · EIN 13-2741729	Shareholder Servicing	$424

Plan features & details

Pension benefit codes2A2F2G2J2K2O2R2S2T3F3H

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow assets / participant
Assets per participant are in the bottom quintile of the peer cohort - savings-rate / match opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$1.7M

$141 / participant

Recordkeeping$780K47.0%
Trustee / custodial$23K1.4%
Investment mgmt$115K6.9%
Contract admin$741K44.7%

% of EOY assets

0.127%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRANT THORNTON LLP
Auditor EIN: 366055558
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$87,466

$244,991-64.3%

$105,624-17.2%

$106,553-17.9%

Participation rate

98.9%

88.4%+10.6pp

75.3%+23.7pp

69.8%+29.1pp

Annual return

15.11%

13.48%+1.6pp

116.20%-101.1pp

17.37%-2.3pp

Employer contribution / active EE

$4,919

$8,816-44.2%

$3,168+55.3%

$3,359+46.5%

Participant deferral / active EE

$4,848

$11,442-57.6%

$5,013-3.3%

$5,562-12.8%

Admin fee / account holder

$111

$88+26.5%

$10,961-99.0%

$80+39.7%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC8 years

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 11 · EIN 82-1061233

Actuarial

$780,408

PACKAGING CORPORATION OF AMERICA2 years

Service code 14 · EIN 22-3696884

Plan Administrator

$740,646

STATE STREET GLOBAL ADVISORS4 years

Filed as: STATE STREET BANK & TRUST CO.

Service code 28 · EIN 04-1867445

Investment Management

$104,885

NORTHERN TRUST COMPANY5 years

Service code 20 · EIN 36-1561860

Direct payment from the plan; Trustee...

$22,620

THE BANK OF NEW YORK MELLON2 years

Filed as: PERSHING

Service code 71

Brokerage Fees

$16,912

NORTHERN TRUST COMPANY3 years

Filed as: NORTHERN TRUST INVESTMENTS INC

Service code 28 · EIN 36-3608252

Investment Management

$10,127

THE BANK OF NEW YORK MELLON8 years

Filed as: PERSHING LLC

Service code 59 · EIN 13-2741729

Shareholder Servicing

$424

PACKAGING CORPORATION OF AMERICA THRIFT PLAN FOR HOURLY EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PACKAGING CORPORATION OF AMERICA THRIFT PLAN FOR HOURLY EMPLOYEES

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion