Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000106
Chunk: 11

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 11
---
 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.

Transactions in shares of Elevance Health common stock qualify as exempt party-in-interest transactions under the provisions of ERISA. The Plan owned approximately 109 shares of Elevance Health common stock as of December 31, 2024. During the year ended December 31, 2024, the Plan had net sales of Elevance Health common stock totaling $48,986 and the total dividends on Elevance Health common stock in the Elevance Health Stock Fund were $230.

As described in Note 1 above, Fidelity Management Trust Company is an agent and custodian of the Plan 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.

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

<div align='center'>12</div>

#### Elevance Health Puerto Rico Retirement Plan

### Notes to Financial Statements (continued)
6. Non-Exempt Related Party and Party-In-Interest Transactions

For the years ended December 31, 2021, 2022 and 2023, participant contributions and loan repayments totaling $547,275, $1,098,317 and $1,940,849, respectively, were not deposited into the Predecessor Plan within the required timeframe as stated by the DOL regulations. Participant accounts were credited with the amount of investment income that would have been earned had the participant contributions been remitted on a timely basis during the year ended December 31, 2023 for the 2021 late remittances and during the year ended December 31, 2025 for the 2022 and 2023 late remittances.

#### 7. Income Tax Status
The Predecessor Plan received a favorable determination letter under the PR Code dated May 28, 2021. 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 PR Code. The Plan restatement was submitted on April 15, 2024 for a determination letter under the PR Code, with respect to which the Plan Sponsor is awaiting response. The trust associated with the Plan is