BioMarin is pleased to offer a generous and comprehensive benefits program.
The following is a list of some of the benefits offered by BioMarin:
MedicalEmployees have three medical plans to choose from—Anthem Blue Cross PPO, Anthem Blue Cross HMO and Kaiser. All medical plans include prescription drug benefits.
DentalEmployees may elect to participate in a PPO dental plan offered by Delta Dental.
VisionEmployees may elect to participate in a PPO vision plan offered by VSP. Employee contributions are pre-tax.
Life/AD&DLife/AD&D for employees is provided by CIGNA. Benefit covers two-times annual salary, up to a maximum of $600,000.
Short-Term DisabilityEmployees qualifying for Shortterm Disability are eligible to receive 66.67% of their monthly salary (after a 7 day waiting period) to a maximum of $2,350/week, up to 26 weeks.
Long-Term DisabilityEmployees qualifying for Longterm Disability are eligible to receive 66.67% of base salary, up to two years; $10,000 maximum monthly benefit.
Retirement Savings Plan 401(k)Employees may participate in the BioMarin Retirement Savings Plan administered by Charles Schwab. Employees may contribute 1% to 100% of eligible compensation (pre-tax), not to exceed the maximum IRS annual limit. The company also provides a match of 100% of the first 2% of an employee’s compensation with a four-year vesting period.
Employee Stock Purchase Plan (ESPP)Employees may elect to participate by contributing 1 to 10% of straight time earnings (after tax deductions) to purchase BioMarin stock at a discounted rate.
Flexible Spending PlanBioMarin offers health care and dependent care reimbursement accounts to all eligible employees. These accounts give employees the option to set aside pre-tax dollars to cover medical expenses not covered by insurance to a maximum of $4,000 per year, and dependent care expenses up to $5,000 per year.
Employee Assistance ProgramThis is a confidential program for employees requiring counseling and referral service that utilizes a network of professionals, including financial and legal services.
Vacation TimeEmployees accrue 15 days per year on a biweekly basis. After the fourth full year of employment, employees will accrue 20 days per year on a biweekly basis.
Sick TimeEmployees accrue 10 days per year on a biweekly basis.
HolidaysBioMarin provides nine paid holidays per year. In addition, the company will provide one personal holiday per year (if hired on or before June 30).
Leave of AbsenceThe company may grant a leave of absence to accommodate an employee’s medical, maternity, family or personal needs.
Education Assistance ProgramRegular full-time employees are eligible after six months of employment to receive up to $5,250 per year in reimbursement of qualifying tuition and textbooks for classes directly related to their current job.
Other BenefitsOn-site Weight Watchers meetings, 24/7 access to on-site gym (in Novato), bagels, donuts and fruit every Wednesday, on-site weekly chair message, annual holiday gala and monthly ‘Coolers’.