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 (2017) 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 2017

1955 WEST FIELD COURT - LAKE FOREST, IL 60045847-482-3000packagingcorp.comLinkedIn10001+ employeespackaging and containers

Other plans on this EIN

8 filings

#002Retirement-$1.04B assets #005Retirement-$386.8M assets #010Retirement-$264.1M assets #003Retirement-$252.9M assets #004Retirement-$169.3M assets #011Retirement-$110.7M assets #012Retirement-$101.9M assets #013Retirement-$76.7M assets

Prospect flagsLow assets / participantLow participant contributionFailed to transmit contributionsCorrective 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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Total assets (EOY)

$370.9M

-13.0% from 2016

Total participants

8,668

-4.6% from 2016

Average account balance

$53,242

-4.2% from 2016

Annual return

26.82%

-9.95 pp from 2016

Benchmarks

See 52 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants5,000-9,999

Cohort52 peers

Snapshot2017

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 6 by compensation

Provider	Service type	Compensation
ALIGHT SOLUTIONS LLC1 year Service code 16 · EIN 82-1061233	Consulting	$102,070
HEWITT ASSOCIATES LLC1 year Filed as: HEWITT ASSOCIATES, LLC Service code 33 · EIN 36-3943169	Distribution (12b-1) fees; Finders' f...	$46,275
THE BANK OF NEW YORK MELLON1 year Filed as: PERSHING LLC Service code 59	Shareholder Servicing	$1
ALIGHT SOLUTIONS LLC1 year Filed as: ALIGHT FINANCIAL SOLUTIONS Service code 61	Finders' fees / placement fees	$0
ALIGHT SOLUTIONS LLC1 year Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC Service code 63	12b-1 Fees	$0
HEWITT ASSOCIATES LLC1 year Filed as: HEWITT FINANCIAL SERVICES LLC Service code 61	Distribution (12b-1) fees; Finders' f...	$0

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

4 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.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$148K

$19 / participant

Other / not subdivided$148K100.0%

% of EOY assets

0.040%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KPMG LLP
Auditor EIN: 135565207
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$53,242

$2,226,388-97.6%

$91,004-41.5%

$177,276-70.0%

Participation rate

78.5%

85.1%-6.7pp

75.6%+2.8pp

74.8%+3.6pp

Annual return

26.82%

20.16%+6.7pp

4.60%+22.2pp

21.25%+5.6pp

Employer contribution / active EE

$2,566

$4,139-38.0%

$2,456+4.5%

$2,479+3.5%

Participant deferral / active EE

$2,541

$6,423-60.4%

$3,548-28.4%

$3,881-34.5%

Admin fee / account holder

$21

$1,921-98.9%

$5,417-99.6%

$154-86.2%

Provider

Service type

Compensation

ALIGHT SOLUTIONS LLC1 year

Service code 16 · EIN 82-1061233

Consulting

$102,070

HEWITT ASSOCIATES LLC1 year

Filed as: HEWITT ASSOCIATES, LLC

Service code 33 · EIN 36-3943169

Distribution (12b-1) fees; Finders' f...

$46,275

THE BANK OF NEW YORK MELLON1 year

Filed as: PERSHING LLC

Service code 59

Shareholder Servicing

ALIGHT SOLUTIONS LLC1 year

Filed as: ALIGHT FINANCIAL SOLUTIONS

Service code 61

Finders' fees / placement fees

ALIGHT SOLUTIONS LLC1 year

Filed as: ALIGHT FINANCIAL SOLUTIONS, LLC

Service code 63

12b-1 Fees

HEWITT ASSOCIATES LLC1 year

Filed as: HEWITT FINANCIAL SERVICES LLC

Service code 61

Distribution (12b-1) fees; Finders' f...

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