Plan Snapshot
- Plan Sponsor: Biomarin Pharmaceutical INC.
- Sponsor EIN: 680397820
- Sponsor Address: 105 DIGITAL DRIVE, NOVATO, CA, 94949
- Plan Type: 401(k)
- Total Participants: 1,939
- Total Assets: $715.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 1,939 | $715.0M | $25.3M | $38.9M |
| 2023 | 2,309 | $616.8M | $24.9M | $36.6M |
| 2022 | 2,075 | $494.4M | $23.4M | $34.3M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| DYNAMIC WEALTH ADVISORS | Other Service Provider | $11,913 | — | $11,913 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | Recordkeeper | $8,250 | — | $8,250 |
| CREATIVE PLANNING LLC | Investment Advisor | $8,031 | — | $8,031 |
| ABOUND WEALTH MANAGEMENT LLC | Investment Advisor | $7,317 | — | $7,317 |
| SIGNATURE ESTATE & INVESTMENT | Other Service Provider | $5,225 | — | $5,225 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- SCHWAB RETIREMENT PLAN SERVICES,INC — Recordkeeper
- CREATIVE PLANNING LLC — Investment Advisor
- ABOUND WEALTH MANAGEMENT LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $40,736
- Estimated Expense Ratio: 0.006% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $54,811 | $46,511 | — | — | — |
| 2023 | $50,285 | $43,385 | — | — | — |
| 2022 | $50,607 | $45,557 | — | — | — |