The success achieved in the past – and any future success – is a direct result of Koch companies’ commitment to live by a set of Guiding Principles that includes integrity, humility, intellectual honesty and respect for others, as well as a commitment to Principled Entrepreneurship™.

This is the framework on which Koch companies will continue to build their future.

BENEFITS U.S. Benefits | U.K. Benefits
All full-time employees of a Koch company are eligible to participate in Koch Benefits beginning on the first day of the month following their date of employment.

Note: The information provided below is an overview of current benefits only. All benefits are provided in accordance with the provisions of the benefit plan documents.

U.S. Benefits
401(k) Savings
Employees are eligible to participate in the savings plan beginning on their date of hire. Contributions may be made on a percentage or flat amount basis up to 40% of their annual pay on a pre-tax or after-tax basis. Employer match of up to 6% begins after one year with 1000 hours of service. Accounts are vested at the rate of 20% after each year of vesting service, until you reach 100% after 5 years of vesting service.

Pension Plan
Employees become eligible to participate in this employer funded plan on the 1st of the month following one year’s service in which they work at least 1000 hours. Employees are vested 100% after 5 years.

Pre-Tax Contributions (Section 125)
Participants in the Koch Medical, Dental, Health Care Reimbursement Account and Dependent Care Reimbursement plans pay their contributions with pre-tax dollars.

Medical
There are two medical plan options from which to choose. The plans differ in monthly cost and annual deductibles. Each plan option utilizes PPO networks in all geographic areas.

Dental
There are three dental plan options from which to choose. Each plan has a different monthly cost and different covered expenses. Orthodontics is included in two of the plan options.

Reimbursement Accounts
Health Care Reimbursement Account - Full-time employees may contribute to the HCRA. These monies may be used for expenses not covered under the Koch medical and dental plans (i.e. annual deductibles, vision care). Dependent Care Reimbursement Account - Full-time and part-time employees are eligible to participate in the DCRA account. This account may be used for qualifying childcare and/or day care for dependent adults.

Employee Life Insurance
Employees may chose from several levels of life insurance. Family coverage is available when the employee is also enrolled.

Accidental Death and Dismemberment Insurance
Under this plan, benefits are payable for death and certain other types of losses, if they result from and occur within one year of a covered accident.

Business Travel Accident Insurance
Koch Companies provide a Business Travel Accident policy that covers all full-time employees for covered injuries sustained while traveling on company business.

Short Term/Long Term Disability
Both short term and long term disability insurance is available to full-time employees.

Educational Assistance
Full-time employees of Koch companies with at least 1 year of service are eligible to receive reimbursement to help defray costs associated with their continuing education.

Holidays
Koch companies provide 10 paid holidays per year, nine of which are fixed holidays and one which is a floating holiday.

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U.K. Benefits
25 Days Holiday

Season Ticket Loan

Incentive-Compensation (Performance Related Bonus)

Pension
Koch Supply & Trading Company Ltd. offers a Defined Contribution scheme whereby the employee contributes 5% of gross pay on a pre-tax basis and the employer contributes an amount equal to 10% of gross pay into the scheme on the employee’s behalf. Contributions are restricted to the UK earnings cap, which is currently set at £97,200 (April 2002). The employee has a choice of investment fund options as offered at the time according to the discretion of the Trustees. Please refer to separate pensions brochure for comprehensive details of the scheme.

Membership commences on the first month following submission of the application form to HR.

Life Insurance Plan
This Plan provides employees with life insurance coverage in the form of a lump sum payment (under trust) in the event of death in the company’s service prior to retirement age. Coverage is equivalent to four times annual salary, restricted to the current UK earnings cap of £97,200 (from April 2002).

Life insurance cover starts immediately upon employment with the company. It is non-contributory with the company meeting the cost.

Long Term Disability Insurance Plan
This Plan may provide benefits in the case of disabling illness or injury rendering an employee unfit to carry out their regular occupation. Subject to satisfactory medical evidence being produced, and the claim accepted by the insurance company, an employee will be paid at a level equal to 60% of their salary until such time as they are able to return to work or reach retirement age.

Long Term Disability Insurance cover starts immediately upon employment with the company, subject to certain medical qualifications being met. Cover is non-contributory and the company bears all costs.

Private Health Insurance
Private health insurance is offered to both the employee and their immediate family. The current Plan is insured with Private Patients Plan (PPP). Membership is optional and employees are eligible to join on the first day of the month following date of commencement of employment with the company. Coverage is provided at no cost to the employee. Further information can be obtained from the information package provided to all new employees.

Membership commences on the first month following submission of the application form to HR.

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