Multi-pulse heterodyne pump-probe measurements are used to investigate the reverse bias dynamics of InAs/GaAs quantum dots in a waveguide structure. Using a femtosecond pulse, we simultaneously populate high energy ground states and low energy excited states and measure the resulting gain and phase dynamics over the bandwidth of the pulse. We identify a similar to 5 ps timescale in the phase dynamics which can be associated with low energy ground states outside the pulse bandwidth and may provide an explanation for the deterioration of monolithic mode locked laser performance at high reverse voltages. (C) 2011 American Institute of Physics. (doi:10.1063/1.3653287