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

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 11
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| Investments measured at fair value |     |       |  1,126,665,279 |     |         | 1,126,665,279 |     |         | — |     |         | — |
| Investments measured at NAV        |     |       |  9,692,246,626 |     |         |               |     |         |   |     |         |   |
| Total investments at fair value    |     | $     | 10,818,911,905 |     |         |               |     |         |   |     |         |   |

5. Exempt Related Party and Party-In-Interest Transactions

Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering services to the Plan, the employer, and certain others. Certain administrative functions are performed by officers and employees of the Plan Sponsor or affiliates of the Plan Sponsor. No such officer or employee is compensated from the Plan.

During the year ended December 31, 2024, the Plan reimbursed the Plan Sponsor $56,500 for administrative expenses. This reimbursement is included in administrative expenses in the statement of changes in net assets available for benefits.

Transactions in shares of Elevance Health common stock qualify as exempt party-in-interest transactions under the provisions of ERISA. The Plan owned approximately 1,105,902 and 1,210,551 shares of Elevance Health common stock as of December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, the Plan had net sales of Elevance Health common stock totaling $52,230,428 and the total dividends on Elevance Health common stock in the Elevance Health Stock Fund were $7,480,949.

As described in Note 1 above, Fidelity Management Trust Company serves as the trustee for the Master Trust and Fidelity Workplace Services LLC serves as the recordkeeper to maintain the individual accounts of each Plan participant. Certain Plan investments include funds that are managed by affiliates of Fidelity, which constitute party-in-interest transactions. In addition, certain investments in the self-directed brokerage accounts are issued by Fidelity.

Notes receivable from participants also reflect exempt party-in-interest transactions.

#### 6. Income Tax Status
The Plan has received a determination letter from the IRS dated October 24, 2017, stating the Plan is qualified under Section 401(a) of the Code and, therefore, exempt from taxation.