Competitive Benefits

Insurance Auto Auctions, Inc. is committed to providing its employees with an outstanding benefits package. Benefit providers are selected for their high quality and ability to provide service to all employees. Benefits are offered through our parent Company, KAR Auction Services, Inc. This benefit package allows employees to choose the types and levels of benefits that best meet their individual needs.

Health Insurance - KAR Auction Services offers a choice in medical plans between a HealthChoice, HealthChoice HSA+ and HealthChoice HSA.

Dental Insurance - KAR Auction Services, Inc. offers a choice in dental PPO plans between a Premium Plan and Standard Plan.

Vision - KAR Auction Services, Inc. offers vision care benefits with a choice of in-network or non-network coverage.

Life Insurance - KAR Auction Services, Inc. provides Basic Life and Accidental Death & Dismemberment (AD&D) insurance at no cost in the amount of two times the employee's annualized salary, rounded to the nearest $1,000. Supplemental term life insurance, AD&D and dependent life insurance coverage can be purchased through a voluntary plan.

Business Travel Accident - KAR Auction Services, Inc. provides additional life insurance to employees who travel on behalf of the Company.

Disability Insurance - KAR Auction Services, Inc. provides Short Term (STD) and Long Term Disability (LTD) insurance coverage free of charge.

Flexible Spending Accounts - KAR Auction Services, Inc. offers two types of Flexible Spending Accounts - Health Care and Dependent Care Reimbursement Accounts.

Employee Assistance Plan - Offered at no cost to all employees.

401(k) Savings Plan - Participants may contribute 1% to 90% of their pay on a pre-tax basis through a traditional 401(k) account or post-tax basis through a Roth account. KAR Auction Services provides a match of 100% for the first 4% of participant contribution. The match is 100% vested immediately. All regular full-time and part-time employees may enroll in the plan on the first day of the month following 30 days of employment.

Time Off - In addition to the benefits listed above, Insurance Auto Auctions provides vacation; sick, personal time and bereavement leave to its employees.

Tuition Reimbursement – KAR Auction Services, Inc. offers tuition reimbursement to full-time employees with 6 months or more of service.



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