Company: ELV
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001156039-25-000104
Chunk: 4

Company: Elevance Health, Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 4
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 information. More detailed information concerning the Plan may be found by consulting the summary plan description.

#### General
The Plan is a qualified defined contribution plan which provides savings opportunities for eligible employees of Elevance Health, Inc. (“Elevance Health”) and certain of its subsidiaries (the “Participating Employers”) and is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended ("ERISA"). Employees of the Participating Employers are generally eligible to participate in the Plan 30 days after their date of hire. Effective January 1, 2024, the net assets of the Plan, excluding notes receivable from participants, are held in the Elevance Health Defined Contribution Master Trust (the "Master Trust"). See Note 3, "Plan's Interest in Master Trust". Fidelity Management Trust Company serves as the trustee for the Master Trust and Fidelity Workplace Services LLC serves as the recordkeeper (collectively, "Fidelity"). The Plan Sponsor is ATH Holding Company, LLC, a wholly owned subsidiary of Elevance Health. The Retirement Committee of ATH Holding Company, LLC is the Plan Administrator.

#### Participant Accounts
An individual account is maintained by the Plan for each eligible employee who participates in the Plan. Each participant’s account is credited with the participant’s contributions, rollover contributions, allocations of the Plan Sponsor’s contributions, and an allocation of investment earnings or losses, reduced by participant withdrawals and certain administrative expenses. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s account.

#### Contributions
Participants may make voluntary contributions of 1% to 80% of eligible compensation, as defined in the Plan document, subject to limitations imposed by applicable Internal Revenue Service (“IRS”) regulations. Participants may make pretax contributions to a traditional 401(k) account, after-tax contributions to a Roth 401(k) account or a combination of the two through automatic payroll deduction. Participants are automatically enrolled in the Plan at an initial pretax deferral rate of 6%, with an annual automatic increase of the rate of 1%, up to 15% of the participant's eligible compensation, unless the participant directs otherwise.

The Plan Sponsor provides a matching contribution of 100% on the first 4% of the participant's eligible compensation, plus 50% of the next 2% of the participant's eligible compensation contributed, for a total potential Plan Sponsor matching contribution of 5%. The Plan permits additional Plan Sponsor discretionary contributions to be made, but no such discretionary contributions were