Employers › Packaging Corporation of America › plan 001
Recordkeeping fees per participant · Packaging Corporation of America Thrift Plan for Hourly Employees · plan year 2024
$52.35
Higher than 86% of the 790 plans over $1B that report it.
= $780,156 / 14,902
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250714115248NAL0000847427001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714115248NAL0000847427001, received 2025-07-14
Percentiles compare this plan with the Schedule H plans over $1B in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-07-14.
Administrative expenses excluding investment management, per participant
$103.57
Higher than 91% of the 1,045 plans over $1B that report it.
= $1,543,422 / 14,902
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714115248NAL0000847427001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714115248NAL0000847427001, received 2025-07-14
Administrative expenses per participant
$111.29
Higher than 75% of the 1,076 plans over $1B that report it.
= $1,658,433 / 14,902
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714115248NAL0000847427001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714115248NAL0000847427001, received 2025-07-14
Administrative expenses as a share of assets
0.127%
Higher than 93% of the 1,076 plans over $1B that report it.
= $1,658,433 / $1,303,416,694
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714115248NAL0000847427001, received 2025-07-14
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714115248NAL0000847427001, received 2025-07-14
Employer contributions per participant
$3,893
Higher than 53% of the 1,135 plans over $1B that report it.
= $58,016,278 / 14,902
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714115248NAL0000847427001, received 2025-07-14
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714115248NAL0000847427001, received 2025-07-14
Employer share of total contributions
50.1%
Higher than 94% of the 1,135 plans over $1B that report it.
= $58,016,278 / $115,836,623
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714115248NAL0000847427001, received 2025-07-14
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714115248NAL0000847427001, received 2025-07-14
96.9% of this plan's assets are held in a master trust. Costs reported at the trust level and allocated by the plan's share: administrative expenses $0 ($111.29 per participant including the plan's own Schedule H). Benchmarks and percentiles use the plan's own Schedule H only.
2A age/service-weighted · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2O ESOP-related feature · 2R participant brokerage window · 2S pre-approved plan document · 2T default investment (QDIA) · 3F · 3H controlled-group sponsor · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250714115248NAL0000847427001, received 2025-07-14
| Field | Value | Source |
|---|---|---|
| Plan sponsor | PACKAGING CORPORATION OF AMERICA | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Plan name | PACKAGING CORPORATION OF AMERICA THRIFT PLAN FOR HOURLY EMPLOYEES | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Sponsor EIN / plan number | 36-4277050 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Sponsor location | LAKE FOREST, IL | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Industry (business code) | 322100, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Filing received | 2025-07-14 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Participants, beginning of year | 13,620 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Active participants | 11,794 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Participants, end of year | 15,028 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Participants with an account balance | 14,902 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Total assets, beginning of year | $1,145,386,459 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Total assets, end of year | $1,303,416,694 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Net assets, end of year | $1,302,885,215 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Total income | $290,145,888 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Net income | $158,546,428 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Employer contributions | $58,016,278 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Participant contributions | $57,183,107 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Other contributions (incl. rollovers) | $637,238 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Total contributions | $115,836,623 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Benefit payments | $130,209,418 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Total expenses (incl. benefit payments) | $131,599,460 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Total administrative expenses | $1,658,433 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Contract administrator fees | $740,646 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Recordkeeping fees | $780,156 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Investment advisory and management fees | $115,011 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Administrative expenses excluding investment management | $1,543,422 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Held in master trusts | $1,262,435,669 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250714115248NAL0000847427001, received 2025-07-14 |
| Independent auditor | GRANT THORNTON LLP | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250714115248NAL0000847427001, received 2025-07-14 |
Position = column in the DOL layout for form year 2024. Filing 20250714115248NAL0000847427001, received 2025-07-14.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| ALIGHT FINANCIAL SOLUTIONS, LLCrecordkeeper | NONE | 11 Actuarial; 33 Securities brokerage; 50 Direct payment from the plan; 61 Finders fees / placement fees; 63 Distribution (12b-1) fees; 15 Recordkeeping and information management; 26 Investment advisory (participants) | $780,156 | yes |
| PACKAGING CORPORATION OF AMERICA | NONE | 14 Plan administrator; 50 Direct payment from the plan | $740,646 | no |
| STATE STREET BANK & TRUST CO. | NONE | 28 Investment management; 50 Direct payment from the plan | $104,885 | no |
| NORTHERN TRUST COMPANY | NONE | 20 Trustee (individual); 50 Direct payment from the plan | $22,620 | no |
| NORTHERN TRUST INVESTMENTS INC | NONE | 28 Investment management; 50 Direct payment from the plan | $10,127 | no |
| PERSHING LLC | NONE | 59 Shareholder servicing fees; 61 Finders fees / placement fees; 71 Securities brokerage commissions and fees; 99 Other fees | $0 | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250714115248NAL0000847427001, received 2025-07-14.
PCA DEFINED CONTR. MASTER TRUST (EIN 223696884, PN 001): plan interest $1,262,435,669, 48.7% of the trust. The trust's own filing (20250714121619NAL0001683136001, received 2025-07-14) reports net assets $2,593,265,364, administrative expenses $0, recordkeeping fees not reported, investment management fees not reported and 0 Schedule C providers.
Schedule D Part I of the plan's filing; the trust's Schedule H and Schedule C. Allocation = the plan's interest divided by the trust's net assets.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $1,145,386,459 | $1,303,416,694 | 13.8% |
| Participants with a balance | 13,541 | 14,902 | 10.1% |
| Administrative expenses | $2,141,530 | $1,658,433 | -22.6% |
| Recordkeeping fees per participant | $73.06 | $52.35 | -28.3% |
| Employer contributions | $51,204,926 | $58,016,278 | 13.3% |
Prior filing 20240628125538NAL0000409795001, received 2024-06-28; the plan years are contiguous.