Packaging Corporation of America 401(k) Plan Fiduciary Duty ERISA Complaint

March 23, 2022

This class action concerns the Packaging Corporation of America Retirement Savings Plan for Salaried Employees. The complaint names the company (PCA), its Board of Directors, and its Benefits Administration Committee as defendants, alleging that they violated the Employee Retirement Income Security Act (ERISA) by letting the plan pay high recordkeeping and administrative fees, and by not properly monitoring investment options in the plan. The complaint alleges they thus violated their fiduciary duty of prudence.