Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000104
Chunk: 12

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 12
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 Although the Plan has been restated and amended since receiving the determination letter, the Plan Sponsor believes the Plan is designed and being operated in compliance with the applicable requirements of the Code. The Plan's Master Trust is intended to be considered as an organization as described in Section 401(a) of the Code and exempt under Section 501(a) of the Code.

GAAP requires Plan management to evaluate tax positions taken by the Plan and recognize a tax liability if the Plan has taken an uncertain tax position that more likely than not would not be sustained upon examination by the IRS. Plan management has analyzed the tax positions taken by the Plan and has concluded there are no uncertain positions taken or expected to be taken. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.

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#### Elevance Health 401(k) Plan

### Notes to Financial Statements (continued)

#### 7. Reconciliation to Form 5500
Reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2024 and 2023, is as follows:

|                                                                |     |   |           2024 |     |   |           2023 |
|:---------------------------------------------------------------|:----|:--|---------------:|:----|:--|---------------:|
| Net assets available for benefits per the financial statements |     | $ | 12,110,585,543 |     | $ | 11,043,122,412 |
| Deemed distributions of participant loans                      |     |   |       -721,481 |     |   |       -730,212 |
| Net assets available for benefits per the Form 5500            |     | $ | 12,109,864,062 |     | $ | 11,042,392,200 |

Reconciliation of the increase in net assets available for benefits per the financial statements to the net income (loss) per the Form 5500 for the year ended December 31, 2024 is as follows:

|                                                                            |     | 2024 |               |
|:---------------------------------------------------------------------------|:----|:-----|--------------:|
| Increase in net assets available for benefits per the financial statements |     | $    | 1,067,463,131 |
| Deemed distributions activity                                              |     |      |         8,731 |
| Net income (loss) per the Form