Kar Auction Services, Inc. 401(k) Plan: Login, Facts & Contact Information

Kar Auction Services, Inc. 401(k) Plan Facts

Plan name
OPENLANE, INC. 401(K) PLAN
Plan type
401(k) with employer contributions
Plan sponsor
OPENLANE, INC. · formerly Kar Auction Services, Inc.
Participants
4,329 (2,049 active employees)
Former employees with a balance
2,962
Plan assets
$314,690,260 at Dec 31, 2024
Average account balance
$69,026 across 4,559 accounts
Employer contributions
$6,150,934 in plan year 2024 (28% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1991
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window— Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Sep 26, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $21.9 million went into the plan in contributions, $6.15 million of it from the employer (28%).
  • $49.6 million was paid out to participants.
  • Investment and other income added $45.0 million.
  • Administrative expenses were $140,259, about $31 per account.

How the Kar Auction Services, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
201914,862$371.2 million$16.3 million$42.2 million
202012,717$407.1 million$11.5 million$60.4 million
20219,602$451.4 million$11.7 million$51.4 million
20229,189$262.6 million$8.64 million$130.9 million
20234,720$297.5 million$5.97 million$35.9 million
20244,329$314.7 million$6.15 million$49.6 million

Kar Auction Services, Inc. 401(k) Contact Information

Phone
317-815-1100
Mailing address
11299 N ILLINOIS STREET, CARMEL IN 46032
Plan sponsor
OPENLANE, INC.
Employer identification number (EIN)
20-8744739
Plan number
001

Questions about the Kar Auction Services, Inc. 401(k)

Does Kar Auction Services, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $6.15 million, 28% of all contributions.

Does the Kar Auction Services, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Kar Auction Services, Inc 401(k) plan?

4,329 participants at the start of plan year 2024, 2,049 of them active employees, and 2,962 former employees who still had money in the plan.

What is the average 401(k) balance at Kar Auction Services, Inc?

About $69,026 per account: $314.7 million in plan assets across 4,559 accounts with a balance at the end of plan year 2024.

Who manages the Kar Auction Services, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Kar Auction Services, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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